BERLIN, Dec 11 (Reuters) – Ageing Germany’s population could shrink by almost 10 million people, to around 75 million, by 2070 as the baby boomer generation gives way to much smaller cohorts, the statistics office said. In its latest population forecast, published on Thursday, the office said it expected one in four people in Germany to …
Ageing Germany set to get smaller and older, says stats office Read More »
By Foo Yun Chee and Inti Landauro BRUSSELS, Dec 11 (Reuters) – The European Commission on Thursday ordered Hungary to scrap a limit set on retail price margins on food products and drugstore articles levied on non-Hungarian retailers or risk legal action. In response, Hungary’s Economy Ministry said in a statement it would keep the …
EU orders Hungary to drop food price cap on foreign retailers Read More »
By Giulia Segreti ROME, Dec 11 (Reuters) – Italy’s state-owned railways Ferrovie dello Stato (FS) aims to strengthen its international network in coming years, with further investment in the network and on new trains, its chief executive said on Thursday. After launching its FS International group last year, which groups together its foreign businesses, CEO …
Italy’s FS state railways look to foreign network to help drive growth Read More »
By David Milliken LONDON, Dec 11 (Reuters) – Bank of England Governor Andrew Bailey said he wants to remove as much interest rate risk as possible from the BoE’s balance sheet, suggesting he will seek to largely eliminate its remaining 553 billion pounds ($740 billion) of gilt holdings. The BoE bought 875 billion pounds of …
Bank of England’s Bailey says continued QT needed to end interest rate risk Read More »
BRUSSELS, Dec 11 (Reuters) – Europe will take measures in the coming days over immobilising Russian assets in order to fund Ukraine, said Ireland’s finance minister Simon Harris at a meeting of euro zone finance ministers. “The funding need is urgent. We need to make sure Russia pays,” said Harris, adding it would be ‘good …
LONDON, Dec 11 (Reuters) – The Bank of England will cut interest rates by a quarter point to 3.75% on December 18, according to all economists polled by Reuters, with evidence showing still-elevated inflation drifting downwards convincing most that a tightly split policy committee will flip towards easing. Governor Andrew Bailey was among those voting …
Bank of England to cut rates on December 18 to 3.75% and again in Q1 2026 – Reuters poll Read More »
LONDON, Dec 11 (Reuters) – Sterling held onto its gains against a dollar pressured by the Federal Reserve but slipped against a resurgent euro on Thursday, as the British currency took its cues from broader market moves ahead of key domestic economic data. Monthly GDP data is due on Friday, and that, along with next …
Sterling holds onto gains on dollar, awaits data Read More »
BERLIN, Dec 11 (Reuters) – The Volkswagen Group said on Thursday that, from a technical standpoint, it has incorporated its range extender concept into its future Scalable Systems Platform (SSP) for electric cars. “Whether and when this technology will be introduced in Europe and the U.S. depends on customer demand,” it added. (Reporting by Ludwig …
Volkswagen says demand to determine if range extender introduced in Europe, US Read More »
Dec 11 (Reuters) – Kalshi and Crypto.com said on Thursday they had launched a national alliance of prediction market operators that includes cryptocurrency exchange Coinbase, retail trading platform Robinhood and sports gaming operator Underdog. The group, Coalition for Prediction Markets (CPM), comes as the U.S. prediction market has boomed since the start of the year. …
Kalshi, Crypto.com launch prediction markets coalition as investor interest soars Read More »
FRANKFURT, Dec 11 (Reuters) – Germany’s PCK said on Thursday it was operating normally and drawing on internal stocks, a day after a crude oil spill from a pipeline which feeds the refinery from the port of Rostock. The incident happened at a valve station near Gramzow, with no injuries and no danger for nearby …
Germany’s PCK refinery says no impact from pipeline leak Read More »
