BERLIN (Reuters) – Germany’s federal government has reached the limit of its fiscal capacity, its finance minister said, with extra financing to cope with the coronavirus pandemic, the impact of the war in Ukraine and a climate fund having exhausted government coffers. “There are no reserves in the 2022 federal budget,” Christian Lindner was quoted …
No reserves in Germany’s federal budget, says finance minister Read More »
By Stephen Nellis (Reuters) -Apple Inc on Friday laid out how developers of dating apps offered in the Netherlands can skip Apple’s in-app payment systems, a closely watched step by the iPhone maker in the face of global antitrust concerns about its control over the mobile app industry. Apple has long mandated use of its …
Apple’s app store to allow more payment options for Dutch dating app developers Read More »
By Marianna Parraga (Reuters) -An oil tanker chartered by Italian oil company Eni SpA to carry 650,000 barrels of diluted crude oil supplied by Venezuelan state-run PDVSA arrived on Friday in Venezuelan waters, according to a document from the state-run firm. The crude cargo will be the first for Eni following an authorization issued last …
Tanker to pick up crude oil for Italy’s Eni arrives in Venezuelan waters Read More »
(Reuters) – Ratings agency Fitch maintained United Kingdom’s sovereign debt rating at ‘AA-‘ on Friday, citing a high-income, diversified and flexible economy. The agency affirmed its outlook at ‘stable’. It expects the UK economy to decelerate to 3.8% this year Fitch said UK’s tight labour market will drive strong wage growth and fiscal support measures …
Fitch maintains United Kingdom’s sovereign rating at ‘AA-‘ Read More »
(Corrects graph 5 to show it is the country’s president, not the central bank’s president, who appoints new board members) By Jason Hovet (Reuters) -Czech headline inflation soared to 16% in May, above expectations, to hit a nearly 30-year high, statistics office data showed on Friday. The data – above the central bank’s forecast of …
Czech inflation hits 16%, raising bets of big June rate hike Read More »
By Emma-Victoria Farr and Krystal Hu (Reuters) – Private equity firm CVC Capital Partners is exploring a sale of VelocityEHS for as much as $2 billion, seeking to capitalize on a boom in demand for compliance software in the corporate world, three people familiar with the matter said. CVC is working with U.S. investment bank …
Exclusive: CVC explores $2 billion sale of software firm VelocityEHS – sources Read More »
LONDON (Reuters) – Morrisons on Friday became the latest British supermarket group to raise pay for store workers as competition to attract and retain staff hots up. UK employers are offering higher pay deals in the face of staff shortages and accelerating prices, as the Bank of England watches those settlements closely as it weighs …
Britain’s Morrisons raises pay in tight labour market Read More »
By Lucia Mutikani WASHINGTON (Reuters) -U.S. consumer prices accelerated in May as gasoline prices hit a record high and the cost of food soared, leading to the largest annual increase in nearly 40-1/2 years, suggesting that the Federal Reserve could continue with its 50 basis points interest rate hikes through September to combat inflation. The …
WARSAW (Reuters) – A proposal by Poland’s biggest banks to team up to create a protection scheme to help ensure their liquidity and solvency has been approved by the financial regulator KNF, the watchdog said on Friday. Alior Bank, BNP Paribas Bank Polska, ING Bank Śląski, mBank, Bank Millennium, Bank Pekao, PKO BP and Santander …
Polish regulator approves banks’ protection scheme plan Read More »
MILAN (Reuters) – The Bank of Italy on Friday lowered its expectation for economic growth this year to 2.6% from a forecast of 3.8% given in January, citing the uncertainty surrounding Russia’s invasion of Ukraine. The economy is seen expanding by 1.6% in 2023 and 1.8% in 2024, up from previous estimates of 2.5% and …
Bank of Italy sees slower growth this yr on Ukraine uncertainty Read More »
