BERLIN (Reuters) -German industry is bracing for a tougher 2022 as lockdowns in China and the war in Ukraine compound ongoing supply chain problems, leading two associations to downgrade their forecasts for the year. The VDMA engineering association cut its machinery production growth outlook for a second time on Monday. It now expects production of …
German industry braces for tougher 2022 due to war, lockdowns Read More »
BRUSSELS (Reuters) – Euro zone economic sentiment barely changed in May as slightly greater optimism in services and among consumers offset an ebbing of confidence in industry, data showed on Monday. The European Commission’s monthly survey showed economic sentiment in the 19 countries sharing the euro inched higher to 105.0 in May from 104.9 in …
Euro zone sentiment barely changed in May, inflation expectations ease Read More »
LONDON (Reuters) – Britain’s lowest-priced groceries have risen at a similar pace to mid-range food items, the Office for National Statistics said on Monday. Anti-poverty campaigners have pointed to sharp price rises in the cheapest categories of many food staples. Looking at 30 types of food, the ONS said that the lowest-priced items in particular …
UK’s cheapest groceries rising at similar pace to average – ONS Read More »
JERUSALEM (Reuters) – Israel is preparing another round of tenders for offshore natural gas exploration and hopes to sign a preliminary agreement soon for exporting gas to Europe, Israel’s energy minister said on Monday. Energy Minister Karine Elharrar said a working team has been set up between Israel, Egypt and Europe for setting up the …
Israel to renew offshore gas exploration, looks to supply Europe Read More »
OSLO (Reuters) – Norwegian Air’s planned purchase of 50 new Boeing MAX 8 aircraft includes provisions to end all legal disputes between the two companies, Norwegian’s Chief Executive Geir Karlsen told Reuters on Monday. The deal includes a compensation to Norwegian of around 2 billion Norwegian crowns ($212.2 million) as a settlement for previous disputes …
Norwegian Air CEO says Boeing deal to end all legal disputes between the firms Read More »
LONDON (Reuters) – The British pound traded little changed against a faltering U.S. dollar on Monday but was still set for its first monthly gain in five as the risk-sensitive currency benefited from improving sentiment. As markets have readjusted their rate hike expectations from the Federal Reserve lower, the dollar index has weakened over 3.5% …
(Reuters) – Russia should cut oil production by 20%-30% to 7 million-8 million barrels per day (bpd) to get a better price and avoid selling it at a discount, Leonid Fedun, the vice-president with Russian company Lukoil, wrote in RBC newspaper. Western sanctions imposed after Russia sent troops into Ukraine in February cut off Russia’s …
Russia should cut oil output by 30% to get better price, Lukoil’s Fedun says Read More »
SOFIA (Reuters) – Bulgaria’s producer prices rose by 4.1% on a monthly basis in April after a 4.3% increase a month earlier, the statistics office data showed on Monday. Producer prices soared 49.8% on an annual basis in April amid a surge in food and energy prices, the statistics office said. Prices of gas, electricity …
WARSAW (Reuters) – Poland could build a second floating storage and regasification unit (FSRU) next to an already planned installation because the Czech Republic and Slovakia are interested in buying more liquefied natural gas (LNG), the Polish climate minister said. Czech Republic and Slovakia are seeking alternatives to cut reliance on Russian supplies. Slovakia’s state …
Poland could build second unit to receive LNG amid Czech, Slovak interest Read More »
BERLIN (Reuters) – German carmaker Volkswagen said on Sunday it was taking seriously an investigation by Brazil’s public prosecutors into alleged human rights violations in the country as reported by German media. “We can assure you that we take the possible events at Fazenda Rio Cristalino, to which the investigation by the Brazilian investigating authorities …
VW says taking Brazil human rights probe seriously Read More »
