BERLIN (Reuters) – Germany’s unemployment rate remained stable in January, Labour Office figures showed on Tuesday. The Federal Labour Office said the number of people out of work fell by 15,000 in seasonally adjusted terms. Analysts polled by Reuters had expected that figure to rise by 5,000. The number of unemployed people in Germany fell …
German unemployment rate remains stable at 5.5% in January Read More »
By Noele Illien ZURICH (Reuters) -UBS, Switzerland’s biggest bank, forecast an uncertain year ahead due to the war in Ukraine and sagging client confidence on Tuesday, despite trumping expectations for 2022 with a $7.6 billion net profit. The world’s largest wealth manager kicked off a round of business results for Europe’s banks, after Wall Street …
UBS flags uncertain year ahead after profit beats forecasts Read More »
LONDON (Reuters) -Tesco, Britain’s biggest supermarket group, said on Tuesday it was changing the way it manages its larger stores, impacting around 1,750 workers. All of Britain’s major grocers are seeking cost savings as they try to keep a lid on rising prices. Tesco said a new structure will see it introduce about 1,800 “shift …
Tesco’s UK store management changes to impact 1,750 jobs Read More »
By Andy Bruce LONDON (Reuters) -Three years after its departure from the European Union, Britain is yet to benefit from the Brexit dividend that was promised for its economy as it lags its peers on multiple fronts, including trade and investment. Britain exited the EU on Jan. 31, 2020, though remained in the bloc’s single …
Three years on, Britain still waits for Brexit dividend Read More »
STOCKHOLM (Reuters) – Sweden’s banks are highly exposed to the commercial real estate sector which makes up the main risk to financial stability, central bank Governor Erik Thedeen told parliament’s Finance Committee during regular testimony. “Vulnerabilities primarily include banks’ and bond holders’ exposure to highly indebted commercial property companies, although high household indebtedness also makes …
Commercial real estate biggest risk for Swedish banks, central bank says Read More »
FRANKFURT (Reuters) – Euro zone banks have tightened access to credit for companies by the most since the 2011 debt crisis and expect to continue doing so as they turn more pessimistic on the economy amid rising funding costs, a European Central Bank survey showed on Tuesday. But demand for loans from enterprises and household …
Euro zone banks tighten credit by most since debt crisis, ECB says Read More »
By Jesús Aguado MADRID (Reuters) -Unicaja on Tuesday reported a 1 million euros ($1.08 million) net loss in the fourth quarter as the Spanish bank boosted loan loss provisions to prepare for potential economic weakness, taking the shine off a rise in margins and hitting its shares. Analysts polled by Reuters had expected a net …
Unicaja reports loss as higher provisions overshadow lending boost Read More »
By Niklas Pollard STOCKHOLM (Reuters) -Swedish bank Swedbank reported a bigger-than-expected rise in net profit for the fourth quarter and proposed raising its annual dividend on Tuesday as surging central bank interest rates helped lift interest income. The bank, with roots in Sweden’s two-centuries-old savings bank movement, reported a net profit of 6.81 billion Swedish …
Swedbank’s profit beats forecasts as it rides rate rises Read More »
FRANKFURT (Reuters) – StoreDot, an Israeli start-up developing fast-charging batteries, said on Tuesday it has partnered with UK start-up Circulor, which uses blockchain technology to map supply chains for companies pursuing greener, more sustainable production. StoreDot has begun using Circulor’s technology to track the origin and carbon emissions of the raw materials in its battery …
Israel’s StoreDot partners with Circulor on supply chain tracking Read More »
PARIS (Reuters) – A nationwide strike in France against pension reform led to a drop in electricity output and stopped deliveries from TotalEnergies sites on Tuesday. French power supply has been reduced by about 4.5% or 3 gigawatts (GW) as production was lowered at nuclear reactors and thermal plants, data from state-controlled nuclear group EDF …
France’s nationwide strike hits power production, fuel deliveries Read More »
