(Reuters) -Ferrari has completed the construction of e-Vortex, the new test circuit next to its Fiorano test track in less than four months, the sports car maker said on Monday. The infrastructure is about 2 kilometers long, covers 37,000 square metres and is divided into sectors: two banked curves with longitudinal slope, a central straight …
Ferrari completes e-Vortex test circuit near Fiorano Read More »
BERLIN (Reuters) -German Economy Minister Katherina Reiche on Monday unveiled a 6 billion euro ($7 billion) funding initiative aimed at industrial decarbonisation, incorporating carbon capture and storage (CCS) technology into the country’s climate protection contracts for the first time. The program targets energy-intensive sectors such as chemicals, steel, cement and glass, as Germany navigates stringent …
ATHENS (Reuters) -The Greek government expects economic growth of 2.4% next year, outperforming Europe’s major economies, thanks to higher investment and robust consumer spending, according to the country’s 2026 draft budget cited by the fiscal council on Monday. Greece’s fiscal council is an independent body that evaluates the country’s macroeconomic and budgetary forecasts. The government …
Greece forecasts economy to grow at faster pace in 2026 Read More »
ATHENS (Reuters) -The Greek government submitted its 2026 draft budget plan to parliament on Monday, in which it forecasts economic growth of 2.4% in 2026 – outperforming Europe’s major economies – due to higher investments, strong tourism receipts and domestic demand. Below are the government’s key projections: 2026 2025 GDP GROWTH (%) 2.4 2.2 GDP …
Factbox-Key targets in Greece’s 2026 draft budget Read More »
(Reuters) -Citigroup has hired Tobias Akermark from Barclays and Kasper Dichow from Nordea to jointly lead its Nordic investment banking franchise, the U.S. bank said on Monday, as it expands its European operations. Akermark, most recently Barclays’ country CEO for Sweden and head of Nordic banking, would be based in Stockholm and join later this year. …
Citigroup taps Barclays, Nordea executives to head Nordic investment banking Read More »
LONDON (Reuters) -British betting company Entain’s former CEO and other senior directors appeared in a London court on Monday charged with bribery and fraud connected to gambling in Turkey. Kenny Alexander, chief executive of the company formerly called GVC until his departure in 2020, is charged with conspiracy to bribe and conspiracy to defraud between …
Ladbrokes owner’s ex-CEO in UK court charged with bribery in Turkey Read More »
By Holger Hansen BERLIN (Reuters) -Germany’s unemployment level is expected to fall in the two next years as the long-awaited recovery of Europe’s biggest economy gathers pace, a source told Reuters on Monday, citing government forecasts. The forecasts, first published by Reuters on Saturday, will be presented by the economy minister on Wednesday. According to …
German unemployment expected to fall as economy gains pace, source says Read More »
SINGAPORE (Reuters) -Standard Chartered said on Monday that assets under management at its Signature CIO Funds have risen to $3 billion, three years after launch, and it will introduce a Shariah-compliant version to meet growing demand. The multi-asset funds, launched in 2022 and managed by Amundi Asset Management, give retail and wealth clients access to …
Standard Chartered says assets at CIO Funds reach $3 billion, launches Islamic suite Read More »
LONDON (Reuters) -A selloff in French markets gathered pace on Monday after French media reports that Prime Minister Sebastien Lecornu has resigned. French stocks fell sharply, government bond yields were up 8 basis points and the euro was last down 0.65% at $1.1667. The premium investors demand to hold French government debt, rather than benchmark …
(Reuters) -AstraZeneca has signed a $555 million deal with a San Francisco-based biotech business Algen Biotechnologies, The Financial Times reported on Monday. The agreement with Algen gives AstraZeneca exclusive rights to develop and commercialise therapies from the Crispr gene-editing technology, the report said. Reuters could not immediately confirm the FT report. (Reporting by Raechel Thankam …
AstraZeneca inks $555 million gene-editing technology deal with Algen, FT reports Read More »
