By Christian Kraemer BERLIN (Reuters) – The German government is likely to insist companies that benefit from a planned “brake” on gas prices meet conditions, such as staying in the country or preserving 90% of the jobs they provide for a year, sources familiar with matter told Reuters. Berlin last month set out an energy …
Germany set to attach conditions to gas price ‘brake’, sources say Read More »
BERLIN (Reuters) – German carmaker Audi is in favour of offering employees one-off tax-free payments instead of permanent wage increases, its human resources director said, as unions across Europe’s biggest economy demand higher wages in light of rising inflation. Workers’ purchasing power in Germany has already taken a hit, with consumer price inflation at 11.6% …
Audi supports one-off staff payments over permanent wage hikes Read More »
AMSTERDAM (Reuters) -The European Central Bank (ECB) could hike its interest rates by 75 basis points again at its next policy meeting in December, ECB governing council member Klaas Knot said on Sunday. The central bank for the 19 countries that share the euro raised the interest rate it pays on bank deposits by 75 …
ECB’s next rate move likely between 50 and 75 bps, Knot says Read More »
(Reuters) – Goldman Sachs Group Inc’s economists said the U.S. Federal Reserve could bump up interest rates to as high as 5% by March 2023, 25 basis points above its earlier predictions, Bloomberg News reported on Sunday. Goldman Sachs Chief Executive Officer David Solomon last week said the U.S. Federal Reserve could hike rates beyond …
Goldman Sachs sees Fed rates peaking at 5% in March – Bloomberg News Read More »
LONDON (Reuters) – British businesses think the gloom hanging over their prospects will persist in the coming months, according to an industry survey published on Sunday. The Confederation of British Industry’s (CBI) gauge of private sector growth in the three months to October rose to -15 from -19 in the three months to September, still …
UK companies see tough conditions enduring in months ahead: CBI Read More »
BRUSSELS (Reuters) – The European Union urged Kosovo on Saturday to allow for a longer transition period phasing out old Serbian license plates still in use by the ethnic Serb minority in the country. Kosovo said on Friday it would delay a rule to confiscate cars owned by ethnic Serbs who refuse to use local …
Kosovo should give Serbs more time to change car plates, EU says Read More »
(Reuters) -Dogecoin surged more than 70% on Saturday, extending this week’s gains after Elon Musk sealed a $44-billion deal to take over Twitter last week. The Tesla Inc CEO, a vocal proponent of cryptocurrencies, has heavily influenced prices of dogecoin and bitcoin. Tesla started accepting dogecoin as payment for its merchandise early this year, and …
(Reuters) – UK’s incoming National Lottery operator Allwyn Entertainment is in talks to buy former operator Camelot’s UK operations, the companies said in a joint statement on Saturday. An agreement could be struck in the coming weeks, with a deal valued by up to 100 million pounds ($116.10 million), Sky News reported, citing sources. “Allwyn …
UK’s next National Lottery operator Allwyn in talks to buy Camelot UK Read More »
(Reuters) -New British Prime Minister Rishi Sunak is considering freezing the country’s foreign aid budget for an additional two years, the Telegraph reported on Friday, citing sources. Britain’s spending on foreign aid is set at 0.5% of national income. The government had cut its foreign aid spending two years ago as the country faced a …
UK PM Sunak could freeze foreign aid for two more years -Telegraph Read More »
LONDON (Reuters) -Britain said on Saturday it had approved a deal for Octopus Energy to buy smaller firm Bulb, which was one of the largest energy suppliers to collapse last year due to soaring wholesale gas and electricity prices. About 1.5 million Bulb customers will be transferred to Octopus as part of a deal reached …
Octopus Energy to buy failed British energy supplier Bulb Read More »
