BRUSSELS (Reuters) – The European Commission cut its forecasts for economic growth in the euro zone for this year and next and revised up its estimates for inflation on Thursday largely due to the impact of the war in Ukraine. In its quarterly forecasts, Brussels confirmed its more downbeat outlook, which it had already discussed …
EU cuts euro zone growth forecasts, revises up inflation outlook Read More »
HAMBURG (Reuters) -Germany’s 2022 wheat crop will increase 5.3% on the year to 22.51 million tonnes despite a recent heatwave and dryness, the country’s association of farm cooperatives said in its latest harvest estimate on Thursday. The association forecast Germany’s 2022 winter rapeseed crop will rise 8.2% from last summer’s crop to 3.77 million tonnes. …
Larger German 2022 wheat and rapeseed crops forecast despite heatwave Read More »
LONDON (Reuters) – British lenders expect the availability of mortgages and unsecured consumer lending to fall in the three months to the end of August as demand weakens or stabilises, according to a quarterly Bank of England survey published on Thursday. Major lenders surveyed between May 30 and June 17 also reported that they expected …
UK lenders see Q3 fall in mortgages and consumer loans availability Read More »
PRAGUE (Reuters) – Czech companies’ inflation expectations climbed to fresh highs in the second quarter, a central bank survey showed, challenging pledges of interest rate stability from the new governor. Headline inflation hit 17.2% in June, according to statistics office data published on Wednesday, reaching its highest since 1993. In the past 12 months, inflation …
Czech companies’ inflation expectations jump in Q2 -central bank survey Read More »
LONDON (Reuters) – UK’s Department for Business, Energy and Industrial Strategy (BEIS) and energy regulator Ofgem are consulting on proposals for the future ownership of Elexon, a firm active in the wholesale electricity market. Elexon is a wholly owned but operationally independent subsidiary of National Grid Energy System Operator (NGESO). The firm is active in …
UK government, energy regulator Ofgem consulting on future ownership of Elexon Read More »
FRANKFURT (Reuters) – Deutsche Telekom will sell 51% of its tower business to a consortium of Canada’s Brookfield and private equity group DigitalBridge, Handelsblatt reported on Wednesday citing unnamed corporate sources. (Reporting by Tom Sims)
(Reuters) -Netflix Inc said on Wednesday it has selected Microsoft Corp as technology and sales partner for its planned ad-supported subscription offering, as the streaming giant looks to plug slowing subscriber growth by rolling out a cheaper plan. Shares of Netflix rose 2% to $178.06 on the news. Netflix said in April that it would …
Netflix names Microsoft as partner for ad-supported subscription plan Read More »
By Joey Roulette WASHINGTON (Reuters) -The Starship rocket booster SpaceX plans to use for an inaugural flight to orbit will “probably” return to its launch mount in Texas next week following a testing explosion on Monday, the company’s chief executive, Elon Musk, told Reuters. “Damage is minor, but booster will be transferred back to the …
SpaceX Starship booster ‘probably’ returning to pad after explosion -Elon Musk Read More »
By Tim Hepher PARIS (Reuters) -European planemaker Airbus is in talks with Delta Air Lines to expand the U.S. carrier’s existing order for A220 small jetliners, two people familiar with the matter said. The deal for a top-up order of around a dozen aircraft could be signed at next week’s Farnborough Airshow where the U.S. …
WASHINGTON (Reuters) -Amazon.com’s Ring doorbell unit, which makes videos of the outside of an owner’s home, gave footage to law enforcement without the user’s consent 11 times so far this year, the company said. Amazon said it provided the video under emergency circumstances. Senator Edward Markey, a lawmaker interested in privacy, on Wednesday released a …
Amazon.com’s Ring gave police data without user consent 11 times in 2022 Read More »
