BUDAPEST (Reuters) – Hungary posted a 2.892 trillion forints ($7.21 billion) budget deficit in January-June, the Finance Ministry said on Friday, adding that Prime Minister Viktor Orban’s government was committed to a 4.9% of GDP deficit target this year. The ministry did not provide a deficit figure for June, but based on earlier data for …
Hungary’s budget deficit widens to 2.892 trillion forints by end-June Read More »
ATHENS (Reuters) – Greece’s annual EU-harmonised inflation rose further to 11.6% in June year-on-year from 10.5% in May, data from the country’s statistics service ELSTAT showed on Friday. EU-harmonised inflation is an index of components that is used across the EU to measure inflation in a consistent way. Greece’s headline consumer inflation also accelerated to …
Greek EU-harmonised inflation jumps to 11.6% y/y in June Read More »
By Susanna Twidale LONDON (Reuters) – Britain has delayed a decision on whether to grant EDF development consent to build the Sizewell C nuclear plant in Suffolk, England to give the minister responsible more time to consider the proposal, the government said. The delay comes amid a tumultuous week in British politics, with several ministers …
Britain delays planning decision on EDF’s Sizewell C nuclear project Read More »
By Francesco Canepa FRANKFURT (Reuters) -A sudden jump in carbon prices coupled with floods and droughts this year would lead to losses of at least 70 billion euros ($71.1 billion) for the euro zone’s largest banks, the European Central Bank said on Friday. The ECB said the estimate in its first climate stress test significantly …
ECB climate stress test flags $71 billion risk to euro zone banks Read More »
ROME (Reuters) – The European Central Bank (ECB) should be able to gradually normalise its monetary policy without causing an abrupt economic slowdown because long-term inflation expectations remain in line with its price stability target, a top policymaker said. After a first 25-basis point hike in official interest rates later this month, a larger increase …
ECB’s Visco says policy normalisation can be gradual Read More »
LONDON (Reuters) – Britain’s competition regulator said it had concerns about the road fuel market, including the differences between petrol and diesel prices in rural and urban areas, as it launched an in-depth study on Friday. The Competition and Markets Authority said the growing gap between the price of crude oil when it enters refineries, …
UK competition watchdog to examine road fuel market in depth Read More »
MELBOURNE (Reuters) – Shell said on Friday it had loaded and shipped a cargo of liquefied natural gas (LNG) this week at its Prelude floating LNG facility after workers scaled down industrial action at the site off northwestern Australia. The oil and gas giant slowed output at the 3.6-million tonne per year facility last week …
Shell ships LNG from Australia’s Prelude despite staff stoppages Read More »
By Devik Jain (Reuters) – European shares were muted on Friday, weighed down by miners as copper prices retreated on concerns over latest COVID-19 curbs and flare-ups in China, while investors also maintained a cautious stance ahead of monthly U.S. jobs data. The continent-wide STOXX 600 index was down 0.1%, after climbing 3.6% in the …
European shares tepid as miners fall on China COVID worries Read More »
PARIS (Reuters) – Workers at France’s main airport operator ADP said on Friday they would remove a strike notice for the week-end, as did the firefighters at Paris’s international CDG airport the day before, a union source told Reuters. That decision, on top of the firefighters’ one, means major disruptions are not likely to happen …
Paris airport workers call off strikes scheduled this week-end Read More »
By Tim Hepher LONDON (Reuters) -Qatar Airways has indicated that a provisional agreement to buy up to 50 Boeing 737 MAX jets has lapsed, Boeing’s rival Airbus said in a court document released on Thursday. The deal, signed in Washington in January, is part of a series of inter-locking agreements caught up in a London …
Qatar Airways’ Boeing 737 deal has lapsed, UK court told Read More »
