MADRID (Reuters) -Spain’s jobless number dropped below 3 million in May for the first time since early in the 2008/09 global financial crisis, as the economy’s recovery from the impact of COVID-19 boosted hirings and pushed many workers out of the shadow economy. The number of people registering as jobless fell 3.29% from April, leaving …
Spain’s jobless fall below 3 million in May, lowest since 2008 Read More »
BERLIN (Reuters) – German arms maker Rheinmetall is ready to make acquisitions and expects a significant boost in sales due to increased demand for armaments following Russia’s invasion of Ukraine, group CEO Armin Papperger told Handelsblatt. “Over the coming years, a growth rate of 20 percent should be possible,” he told Handelsblatt in an interview, …
Rheinmetall CEO eyes growth rate of 20% in coming years – Handelsblatt Read More »
By Praveen Menon and Clara Denina SYDNEY/LONDON (Reuters) -Glencore is likely to reject a $3.60 per share Chinese offer for its minority stake in coal producer Yancoal Australia Ltd as too low, two sources with knowledge of the matter said. Yankuang Energy Group made an offer last week to acquire the 37.7% of Yancoal it …
Glencore to reject offer for Yancoal Australia stake as too low – sources Read More »
(Reuters) – The Russian rouble eased towards 62 against the dollar on Thursday, stabilising in a relatively narrow range after sharp and uncontrolled moves last week caused by an imbalance of supply and demand on Moscow Exchange. At 0746 GMT, the rouble was 0.8% weaker against the dollar at 61.76 and had eased 1% to …
Russian rouble eases towards 62 vs dollar, stocks fall Read More »
(Reuters) – Russian gas flows to Europe dipped slightly on Thursday morning, with reverse flows on the Yamal-Europe pipeline also easing, all in line with customer requests, operator data showed. Physical flows to Germany through the Nord Stream 1 pipeline across the Baltic Sea were in line with nominations and stood at 72,373,112 kilowatt hours …
STOCKHOLM (Reuters) – Volvo Car Group’s May sales were down 28.3% from a year earlier, the Sweden-based automaker said on Thursday, as supply chain problems and lockdowns hampered production. Volvo said however that demand remained strong, especially for its Recharge line-up of electric and hybrid models, adding that fully electric cars accounted for 7.9% of …
Volvo Cars reports 28% drop in May sales as China lockdowns weigh Read More »
FRANKFURT (Reuters) -RWE on Thursday said it had agreed to buy a 1.4 gigawatt (GW) gas-fired power plant from Sweden’s Vattenfall in a deal valuing the asset at 500 million euros ($534 million). The planned acquisition of Vattenfall’s Magnum plant, located in the Netherlands, is expected to close by the end of the third quarter, …
RWE to buy gas-fired power plant from Vattenfall in $534 million deal Read More »
BUDAPEST (Reuters) -Hungary’s central bank raised its one-week deposit rate by 30 basis points (bps) to 6.75% as expected on Thursday, as the bank continues to tighten interest rate policy aiming to curb inflation that’s expected to hit double digits in coming months. The Hungarian forint has been hovering near three-month-lows against the euro after …
Hungary central bank raises 1-week depo rate to 6.75% as inflation battle hots up Read More »
By Dominique Vidalon PARIS (Reuters) – France’s Remy Cointreau on Thursday predicted a strong start to its new financial year, as broad demand for its premium spirits helps to offset inflationary pressures and the impact of COVID lockdowns in China. The maker of Remy Martin cognac and Cointreau liquor made the upbeat comments after reporting …
Shift to premium spirits helps Remy weather China lockdowns Read More »
ATHENS (Reuters) – As Greek restaurateurs gear up for the summer season, they are keeping a wary eye on the potentially damaging impact of inflation – amply illustrated by the soaring price of a signature snack popular with both locals and visitors. Averages prices for souvlaki have risen far faster than headline measures of inflation …
Greek restaurants feel the heat as Souvlaki prices soar Read More »
