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BERLIN (Reuters) – Germans’ tourism bookings for the 2022/23 winter were down 33% as of the end of August compared with the pre-COVID winter of 2018/19, but sales are up significantly on the winter of 2021/22, the DRV travel association said on Wednesday. Though most destinations are still below turnover figures of the 2018/19 winter, …

Germans’ winter tourism bookings rise, but still below pre-COVID levels Read More »

By Mathieu Rosemain PARIS (Reuters) -Eutelsat Communications, the world’s third-biggest satellite operator by revenue, said on Wednesday it expected its planned tie-up with Britain’s OneWeb to lift annual sales to 2 billion euros ($1.95 billion) by 2027. The merger, announced in July and closely monitored by the French and British governments, aims to combine Eutelsat’s …

Eutelsat sees OneWeb merger lifting annual sales to $2 billion by 2027 Read More »

PARIS (Reuters) – Shares in luxury goods companies rose on Wednesday, as LVMH set an upbeat tone with robust third-quarter sales, showing that shoppers have not lost their appetite for high-end designer fashions in the face of a gloomy economic backdrop. The world’s biggest luxury group brushed off concerns that the industry’s post-pandemic boom could …

LVMH’s resilience gives luxury shares a boost amid economic gloom Read More »

LONDON (Reuters) – British consumer confidence fell in September, caused by a steep deterioration in homeowners’ attitudes towards their house values, a survey showed on Wednesday. Pollsters YouGov and consultancy the Centre for Economics and Business Research said the overall consumer confidence index for the month decreased by 1.1 points, from 98.8 to 97.7. “For …

UK consumer confidence falls due to homeowner pessimism – survey Read More »

MILAN (Reuters) – Italian asset manager Anima Holding is set to invest 25 million euros ($24 million) in Monte dei Paschi di Siena’s upcoming share issue, a person with knowledge of the matter said. The decision, which is yet to be approved by Anima’s board, comes after Monte dei Paschi stalled a proposal by its …

Anima set to invest 25 million euros in Monte dei Paschi’s share sale-source Read More »

By Kate Abnett BRUSSELS (Reuters) -The question of how, when and whether to cap gas prices is set to dominate another meeting of European Union countries on Wednesday, as they pursue a joint plan to target high gas prices – a compromise that has eluded them for weeks. The 27-country EU is plotting its next …

EU seeks to break impasse over gas price caps, ‘no regret’ plan floated Read More »

By Jody Godoy (Reuters) – An attorney for investors suing Credit Suisse Group AG told a jury in U.S. court on Tuesday that chats between traders prove the world’s largest banks colluded to fix prices in the foreign exchange market between 2007 and 2013. Credit Suisse is the last bank defendant remaining in the class …

Credit Suisse faces trial on investors’ currency rigging claims Read More »

By Luc Cohen NEW YORK (Reuters) – British businessman Graham Bonham-Carter was arrested on U.S. charges of conspiring to violate sanctions placed on Russian oligarch Oleg Deripaska, prosecutors said on Tuesday. Bonham-Carter was arrested in the United Kingdom, and federal prosecutors in Manhattan said they will seek his extradition. Prosecutors said Bonham-Carter made payments for …

British businessman charged over helping Russian oligarch evade U.S. sanctions Read More »

LONDON (Reuters) – The Bank of England should consider giving markets “some comfort” around its quantitative tightening timetable, and will likely push back the long-anticipated policy change until later this year, a portfolio manager at U.S.-based investment manager Federated Hermes said on Tuesday. Orla Garvey, senior fixed income portfolio manager at Federated Hermes, said the …

BoE quantitative tightening likely to be delayed until later this year -fund manager Read More »