Reuters UK Business

PARIS (Reuters) -French supermarket retailer Carrefour is freezing prices on 100 everyday products from tinned sardines to rice and washing up liquid, it said on Monday, joining other companies striving to help consumers cope with soaring inflation. The moves follow pressure from President Emmanuel Macron’s government for business to do more to curb rising prices. …

French retailer Carrefour to freeze prices on 100 products to tackle inflation Read More »

(This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine) MOSCOW (Reuters) – The Russian rouble pulled back from last week’s near four-week high against the dollar on Monday but held near its strongest levels this month, with a tax payment period that usually sees exporters convert forex …

Russian rouble weakens from near 4-week high vs dollar Read More »

(Reuters) – European shares fell on Monday, with major regional markets in the red, as investors fretted about hawkish signals from European Central Bank policymakers. The pan-European STOXX 600 fell 0.2% as of 0720 GMT. Chemicals, autos and tech stocks led declines, while miners inched 0.4% higher. The European Central Bank must keep raising rates …

European shares drop on hawkish ECB signals Read More »

(Reuters) -European budget carrier Wizz Air said on Monday its finance chief Jourik Hooghe will step down from his post to pursue opportunities outside the company. The company also named Ian Malin as its next chief financial officer, who will be joining Wizz Air on Oct. 1. Shares of the carrier were down 3.4% in …

Wizz Air’s finance head Jourik Hooghe to step down Read More »

BERLIN (Reuters) – German exports beyond the European Union fell by 7.6% on the month in July, the Federal Statistics Office said on Monday, marking a weak start to the second half in the engine room of Europe’s largest economy. The decline came after three rises in a row. The economy stagnated in the second …

German exports beyond the EU slump in July Read More »

MILAN (Reuters) – Energy-intensive industries in Italy are modifying their production to save energy as they struggle with soaring bills, a top official at the ecological transition ministry said on Sunday. “There are entire industrial sectors, the glass and canning industry, where rationing, in the form of self-rationing, has already begun, albeit silently,” said Massimiliano …

Italian manufacturers cut output to save energy, govt official says Read More »

BERLIN (Reuters) – German Chancellor Olaf Scholz on Sunday called the monthly 9 euro ticket for public transport that his government introduced to help offset soaring inflation a “big success” and announced talks for a follow-up scheme. Germany’s coalition government of Scholz’s Social Democrats, Greens and Free Democrats introduced the tickets that cover all local …

Germany considering follow-up to 9-euro monthly transport pass – Scholz Read More »

MILAN (Reuters) -Italy’s Monte dei Paschi di Siena may raise a much-needed 2.5 billion euros ($2.5 billion) in steps, Italian daily La Repubblica reported on Sunday, as the bank looks to boost its capital by mid-November. The collapse of Prime Minister Mario Draghi’s national unity government in July, which has propelled Italy towards an election …

Monte dei Paschi could raise needed cash in steps – paper Read More »