(Reuters) – Italy’s south is on track for a “demographic tsunami” if it fails to capitalise on European Union pandemic recovery funds to bridge the gap with the productive north, statistics bureau ISTAT said on Wednesday. Italy – the biggest recipient of the EU’s fund – aims to use a large chunk of the roughly …
Italy’s pandemic recovery plan must halt demographic “tsunami” in south – ISTAT Read More »
LONDON (Reuters) – British Prime Minister Rishi Sunak has never paid a penalty to the country’s tax office, his office said on Wednesday, as the chairman of his governing Conservative Party faces questions over his tax affairs. (Reporting by Sachin Ravikumar; Editing by Alex Richardson)
MILAN (Reuters) – Sales at Italian fashion group Tod’s came just over 1 billion euros ($1.09 billion) at current exchange rates last year, up 10% compared to pre-pandemic level, pushed by the strong growth of its main homonymous brand despite COVID curbs in China. Full-year revenues grew by 11.4% at constant exchange rates to 984 …
ROME (Reuters) -Italian motorists faced queues to buy petrol on Wednesday as fuel station operators staged a strike, angry at being caught up in a dispute between the government and consumer groups over rising prices at the pump after a cut in fuel duties expired. Initially, unions had called for a 48-hour strike starting from …
Italian petrol pump operators go on strike in row over prices Read More »
By Tim Hepher PARIS (Reuters) -Airbus is tempering the pace of planned production increases due in part to the limited availability of engines for new airplane production, industry sources said on Wednesday. The planemaker, which softened output goals last month, now expects to reach an interim production target of 65 single-aisle jets a month in …
Airbus eyes shallower industrial recovery after snags – sources Read More »
By Sruthi Shankar and Shristi Achar A (Reuters) -The UK’s main stock indexes closed in the red on Wednesday, retreating after an upbeat start to the day as a bleak outlook from technology bellwether Microsoft hit sentiment, while Ascential surged on a positive full-year forecast. The blue-chip FTSE 100 eased 0.2% to a two-week low …
London stocks end lower, Ascential jumps on upbeat forecast Read More »
LONDON (Reuters) – Earnings from major European companies on Wednesday offered some reasons for optimism about the region’s corporate health, even as investors worry about the slowing global economy. Fourth-quarter earnings from ASML Holding NV exceeded expectations and the Dutch technology company, Europe’s largest, forecast a rise of more than 25% in 2023 sales despite …
Europe Inc earnings offer market optimists more hope Read More »
BERLIN (Reuters) – German business morale brightened in January as Europe’s largest economy started the new year with easing inflation and an improved outlook, a survey said on Wednesday. The Ifo institute said its business climate index rose to 90.2, in line with consensus according to a Reuters poll of analysts and up from a …
German business morale brightens further in January – Ifo Read More »
FRANKFURT (Reuters) – The European Central Bank agreed with six non-euro zone members to cooperate more closely on bank supervision matters, including in exchanging information about cross-border supervised banks, it said on Wednesday. The agreement covers the Czech Republic, Denmark, Hungary, Poland, Romania and Sweden, the ECB said in a statement. “Some banks supervised by …
ECB signs supervision cooperation deal with non-euro zone members Read More »
(Reuters) -Spanish industrial prices rose 14.7% in the 12 months through December, down from a revised 20.5% increase in the 12 months through November, the National Statistics Institute (INE) said on Wednesday. The industrial 12-month production price increase in December was at its slowest since April 2021, when the increase was 13.0%, the INE data …
Spanish 2022 industrial prices rise 14.7%, lowest 12-month rate since 2021 Read More »
