MOSCOW, Dec 12 (Reuters) – Russian state oil and gas revenue in December is likely to almost halve from a year earlier to 410 billion roubles ($5.17 billion) as a result of lower crude prices and a stronger rouble, Reuters calculations showed on Friday. Oil and gas revenue is the leading source of cash for …
Exclusive-Russia’s monthly oil and gas revenue poised to hit lowest since August 2020 Read More »
Dec 12 (Reuters) – German airports operator Fraport said on Friday it expects a significant decline in net earnings for 2026. This is due to an increased depreciation of around 140 million euros ($164 million) as well as higher interest expenses of approximately 90 million euros, it said. It foresees a dividend payment of 1 …
Fraport expects significant decline in 2026 net earnings, first dividend since 2019 Read More »
By Toby Sterling AMSTERDAM, Dec 12 (Reuters) – The Netherlands should sharply increase technology investment and shake up its labour market to safeguard the EU country’s long-term prosperity, a government-commissioned report said. Friday’s recommendations on how to revive weak productivity growth by former ASML CEO Peter Wennink echo those on European Union competitiveness in the …
Dutch report calls for $176 billion tech spend, jobless benefit cuts Read More »
By Joice Alves LONDON, Dec 12 (Reuters) – The pound edged lower on Friday after data showed the UK economy unexpectedly shrank in the three months to October. Economic activity fell by 0.1% in the August-October period, and also by that amount in October alone, according to data from the Office for National Statistics. A …
Sterling edges lower after data shows surprise drop in UK GDP Read More »
ROME, Dec 12 (Reuters) – Italy’s government on Friday urged executives from GEDI to safeguard jobs and editorial independence at newspapers La Stampa and La Repubblica, as the group negotiates the sale of its media assets. GEDI, which is owned by Agnelli family holding company Exor, announced earlier this week that it was in talks …
Italy urges Agnellis to protect jobs, independence in media assets sale Read More »
By Andy Bruce and Suban Abdulla MANCHESTER, England, Dec 12 (Reuters) – Britain’s economy shrank unexpectedly in the three months to October, losing momentum in the fraught run-up to finance minister Rachel Reeves’ budget, according to data on Friday that underscored bets on Bank of England interest rate cuts. The Office for National Statistics said …
UK economy stumbled during bumpy run-up to budget Read More »
PRAGUE, Dec 12 (Reuters) – Czech billionaire investor Daniel Kretinsky’s EP Equity Investment has agreed to buy central European used-car dealer Aures Holdings, the companies said on Friday. Aures, controlled by Abris Capital Partners, runs dealership brands AAA Auto, Mototechna and Auto Diskont in the Czech, Slovak and Polish markets. It sold more than 100,000 …
Czech billionaire Kretinsky to buy central European used-car dealer Aures Holdings Read More »
Dec 12 (Reuters) – British retailer Card Factory warned of lower annual profit on Friday due to weak UK store sales that have persisted into the critical holiday shopping season, a grim update that sent its shares tumbling as much as 27%. The seller of soft toys, gifts, Christmas cards and decorations, which operates more …
UK’s Card Factory warns on profit as weak sales dim holiday outlook Read More »
Dec 12 (Reuters) – Hensoldt will supply the air defence division of Rheinmetall with radar for ground-based air defence applications, the German companies said on Friday. Hensoldt’s SPEXER radars will equip Rheinmetall’s Skyranger 30 systems, providing target detection and tracking, as well as the laser-based HoWiSM drone defence system. The companies did not give a …
Hensoldt to supply Rheinmetall’s air defence division with radars Read More »
By Lucy Raitano LONDON, Dec 12 (Reuters) – As AI fever has propelled global stocks to record highs, the data centres needed to power the technology are increasingly being financed with debt, adding to concerns about the risks. A UBS report last month said AI data centre and project financing deals surged to $125 billion …
