FRANKFURT (Reuters) – Munich Re said reinsurance rates were set to rise across the industry, caused by inflation, higher interest rates and a decline in capital to underpin underwriting activity. In a statement on Sunday, the German group said reinsurance capacity, or the industry’s financial ability to take on risks, was on the decline while …
ATHENS (Reuters) – Greek Prime Minister Kyriakos Mitsotakis said on Sunday that Greece has taken action to secure sufficient energy supplies over the winter in the event of Russian gas flows to the country being disrupted. “We are ready for the worst possible scenario which is Russia halting natural gas flows,” Mitsotakis told a news …
PM says Greece has taken action to secure winter energy supplies Read More »
AMSTERDAM (Reuters) -Dutch rail unions on Sunday reached a deal with employers to increase workers’ pay by more than 8% over 18 months, ending a wage dispute. Strikes have periodically paralysed the rail service in recent weeks and a further stoppage had been planned for this week. Sunday’s deal comes amid surging inflation in the …
Dutch rail stoppage ends with bumper 8%-plus pay deal Read More »
MOSCOW (Reuters) – Russia’s Gazprom said it will ship 42.4 million cubic metres (mcm) of natural gas to Europe via Ukraine on Sunday, the same volume as on Saturday. (Reporting by Vladimir Soldatkin;Editing by Elaine Hardcastle)
By Angeliki Koutantou and Renee Maltezou ATHENS (Reuters) -Greek Prime Minister Kyriakos Mitsotakis said on Saturday the minimum wage would rise again next year and pensions would increase for the first time since the financial crisis erupted more than a decade ago. The euro zone’s most indebted country received more than 260 billion euros of …
Greek PM says pensions to rise for first time in more than a decade Read More »
DUBLIN (Reuters) -Aer Lingus said it had resolved an IT problem that led it to cancel 51 flights between Dublin airport and other European destinations on Saturday as check-in and boarding was disrupted. The Irish carrier, owned by London-listed IAG, said “a major incident with a network provider” meant it could not access its cloud-based …
Aer Lingus restores IT system after cancelling 51 flights Read More »
MILAN (Reuters) – Porsche AG wants to be ready for a planned stock market listing as early as possible, an executive at the luxury sportscar unit of Volkswagen was quoted as saying on Saturday, as investors showed huge interest in the initial public offering (IPO). “We welcome a strong interest in our company and we …
Porsche wants to be ready for IPO as early as possible, exec tells Il Sole 24 Ore Read More »
By Francesco Canepa PRAGUE (Reuters) – European Central Bank policymakers see a rising risk that they will have to raise their key interest rate to 2% or more to curb record-high inflation in the euro zone despite a likely recession, sources told Reuters. With inflation hitting 9.1% in August and seen above the ECB’s 2% …
ECB governors see rising risk of rate hitting 2% to curb inflation – sources Read More »
(Reuters) -Britain’s largest energy supplier Centrica is planning to voluntarily cap profits in an effort to cut household bills, the Guardian newspaper reported on Saturday, citing Chief Executive Chris O’Shea. O’Shea said he was keen for British Gas owner Centrica to become the first company to sign up to new, renegotiated contracts with the government …
British Gas owner Centrica to cap profit to cut energy bills -report Read More »
(Reuters) – Members of the United Auto Workers union walked out of Stellantis’ Kokomo plant in Indiana on Saturday, citing health and safety concerns. In a statement, the union demanded the company replace its heating and air-conditioning systems, provide clean uniforms and repair equipment to provide a safer and more comfortable working environment. It was …
Workers at Stellantis’ Indiana plant go on strike Read More »
