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Most Europeans unwilling to take pay cut to work from home, ECB finds

FRANKFURT (Reuters) -Most euro zone workers would not be willing to accept a pay cut to retain remote working opportunities, a European Central Bank survey found, confounding other studies which concluded that workers would forgo bigger chunks of their income. The portion of Europeans working at least sometimes from home has doubled to 22% since …

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Factbox-Swedish government unleashes spending spree in election-year budget

STOCKHOLM (Reuters) -Sweden’s right-wing government will inject about 80 billion crowns ($8.5 billion) into the economy in the 2026 budget, the government said on Monday, hoping to speed up sluggish growth ahead of a general election next September. Here are some of the most important budget measures. INCOME TAX CUTS The coalition government’s biggest budget …

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Euro zone consumers cut spending on tariff fears, shun US goods, ECB says

FRANKFURT (Reuters) -Euro zone consumers have altered their consumption habits in anticipation of U.S. tariffs, moving away from American products and reducing discretionary spending, a study published by the European Central Bank on Monday found. Euro zone consumers, sitting on ample savings built up in the years since the pandemic, have been cautious in making …

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Ericsson, Nokia win $2.7 billion UK deal from VodafoneThree

STOCKHOLM (Reuters) -VodafoneThree has awarded a 2-billion-pounds ($2.7 billion) deal to Swedish telecom gear maker Ericsson and Finland’s Nokia to supply 5G communications equipment into the next decade, the companies said on Monday. Ericsson, the primary vendor, said in a statement its contract is worth 12.5 billion Swedish crowns ($1.3 billion). In a separate release, …

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Iberdrola sees net profit at 6.4 billion euros in 2025, 7.3 billion in 2028, Expansion reports

MADRID (Reuters) -Spanish power utility Iberdrola expects its net profit to surpass 6.4 billion euros ($7.52 billion) this year and rise further to reach 7.3 billion euros in 2028, newspaper Expansion reported on Monday. Iberdrola booked a net profit of 5.61 billion euros in 2024. The company is due to release a new three-year strategic …

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Euronext launches new European government bondĀ futures

(Reuters) -Pan-European stock market operator Euronext announced on Monday the launch of a new series of futures products for Europe’s main government bonds, such as France’s 10-year OAT, the German Bund, and Italian government bonds. WHY IT’S IMPORTANT: Euronext said the new products would not only help investors deal with a period of high volatility …

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Europe has menu of options to make wealthy pay more taxes

By Francesco Canepa FRANKFURT (Reuters) -Cash-strapped European governments looking to tax the rich harder to plug holes in public finances and redress rising inequality may find that direct wealth levies are not the most effective solution. History shows outright wealth taxes rarely generate much revenue and often miss their main targets, tax experts and economists …

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