(Reuters) – Poland’s registered unemployment rate fell to 5.1% in May compared with 5.2% in April, statistics office data showed on Friday, in line with analysts’ expectations of 5.1%. The statistics office also said that the number of registered unemployed was 850,200 last month. (Reporting by Adrianna Ebert and Patrycja Zaras)
BRUSSELS (Reuters) – Europe needs to ramp up efforts to cut its dependency from Russian fossil fuel imports in the face of the latest crisis, German Chancellor Olaf Scholz said in Brussels on Friday. “All together, we are very, very well prepared for the difficult challenge linked to Russian fossil fuel imports,” he told reporters …
EU must speed up efforts to get independent from Russian fossil fuel – Germany’s Scholz Read More »
BERLIN (Reuters) – Angst is growing in the German economy, Europe’s largest, but as yet there are no signs of recession, Ifo economist Klaus Wohlrabe told Reuters on Friday. The threat of gas shortages has increased firms’ uncertainty but bottlenecks in the industrial and retail sectors have eased slightly, he said. The hospitality industry is …
German economy nervous, but no sign of recession for now – Ifo economist Read More »
By Oliver Hirt and Alexander Hübner ZURICH (Reuters) -Zurich Insurance Group is selling its life insurance legacy back book portfolio in Germany to Viridium Holding, the companies announced on Friday. Viridium, which specialises in managing such portfolios, said the deal involves around 724,000 policies and 21 billion euros ($22.12 billion) in assets under management. It …
Zurich Insurance to sell German back book to Viridium Read More »
MILAN (Reuters) – The Benetton family and U.S. fund Blackstone secured a green light from the Italian government for their takeover offer for infrastructure group Atlantia, their vehicle Schema Alfa said on Thursday. “The Presidency of the Council of Ministers … has communicated to the Offeror its decision, adopted on June 22, 2022, to not …
Benettons, Blackstone obtain Italy’s green light on Atlantia takeover bid Read More »
PARIS (Reuters) – France will still receive Russian gas imports over the next days, the country’s energy minister said on Thursday, but added that amounts will be varying, depending on the overall supply situation in its European neighbour countries. “We today are in a situation where we are receiving Russian gas”, Agnes Pannier-Runacher told BFM …
French energy ministers: Still receiving Russian gas, but at varying quantities Read More »
By Zeba Siddiqui SAN FRANCISCO (Reuters) -An Italian company’s hacking tools were used to spy on Apple Inc and Android smartphones in Italy and Kazakhstan, Alphabet Inc’s Google said in a report on Thursday. Milan-based RCS Lab, whose website claims European law enforcement agencies as clients, developed tools to spy on private messages and contacts …
Apple and Android phones hacked by Italian spyware, Google says Read More »
By Andy Bruce LONDON (Reuters) – Dashed hopes, so far at least, that Brexit would tilt Britain’s economy towards growth driven by trade and investment are threatening another of Prime Minister Boris Johnson’s flagship policies: “levelling up” the regions outside of London. Six years on from the vote to leave the European Union, the classic …
Analysis-UK’s Brexit woes threaten another flagship policy: levelling-up Read More »
MILAN (Reuters) -Italy’s Saipem said on Thursday it would have financial resources available for less than one year if its plans to raise capital did not go through. The Italian energy services group on Wednesday launched a 2 billion-euro ($2.10 billion) rights issue, which will start on June 27, as it strives to bolster its …
Saipem sees financial resources running out by Q1 2023 if capital hike fails Read More »
By Shanima A and Sinchita Mitra (Reuters) -Britain on Thursday moved forward on approving the acquisition of London-listed defence firm Ultra Electronics by rival Cobham, owned by U.S. private equity firm Advent, after having raised security concerns over the planned transaction. The UK government has started a consultation process over the 2.57-billion-pound ($3.14 billion) deal, …
UK moves forward on approving defence firm Ultra’s purchase Read More »
