HELSINKI (Reuters) -The European Central Bank must be mindful of downside risks to inflation that stem from cheaper energy and a stronger euro, Finnish central bank chief Olli Rehn said on Friday. “We need to avoid a situation where we deviate too much below or too much above our target,” Rehn said. The ECB left …
ECB must be mindful of downside risks to inflation, Rehn says Read More »
FRANKFURT (Reuters) -Germany’s central bank presented several proposals on Friday for simplifying euro zone banks’ capital requirements. The proposals outlined by Bundesbank President Joachim Nagel are part of Europe-wide efforts to ease rules for euro zone banks, which complain they are at a disadvantage to their U.S. peers, particularly since U.S. President Donald Trump’s administration …
Bundesbank pitches simplification of euro zone banks’ capital stack Read More »
(Reuters) -France’s harmonised annual inflation rate, adjusted for comparison with other euro zone countries, edged down to was 0.8% in August from 0.9% in July, French statistics office INSEE said on Friday, in line with both the prelimenary reading and a Reuters poll of analysts. The figure supports comments from Bank of France Governor and …
(Reuters) -Spain’s European Union-harmonised 12-month inflation rate remained at 2.7% in August, the same as in the period through July, final data released by the National Statistics Institute (INE) showed on Friday. The INE’s final data was in line with the forecast in both the flash reading released two weeks ago and the average estimate …
Spain’s 12-month EU-harmonised inflation confirmed at 2.7% in August Read More »
ROME (Reuters) -Italian rocket maker Avio approved a 400-million-euro ($468.96 million) capital increase plan on Thursday to finance expanded manufacturing capacity at a time of robust opportunities in the global space and defence industries. In its new 10-year business plan, the group is targeting a 10% average annual growth of revenue and a 15% rise …
Italian rocket maker Avio approves 400-million-euro capital raise to boost production Read More »
(Reuters) – The CEOs of the ChatGPT maker OpenAI and Nvidia plan to pledge support for billions of dollars in UK data center investments when they head to the country next week at the same time as U.S. President Donald Trump, Bloomberg News reported on Thursday. The companies are teaming up with London-based data center …
OpenAI, Nvidia set to announce UK data center investments, Bloomberg News reports Read More »
LONDON (Reuters) -Up to 400 of the UK’s biggest shops – from supermarkets to department stores – are at risk of closure if the government forces them into its proposed higher business rates tax band, the British Retail Consortium trade body warned on Friday. The government has proposed higher business rates, or commercial property taxes, …
Up to 400 large UK stores at risk of closure from property tax hike, says BRC Read More »
PARIS (Reuters) – The chairman of a French parliamentary committee investigating TikTok’s psychological effects on minors said on Thursday that he had asked for a criminal probe into TikTok’s possible responsibility for “endangering the lives” of its young users. The committee, launched in March, unveiled its findings and recommendations on Thursday. “The conclusion is clear: …
French lawmaker asks prosecutor to probe TikTok for ‘endangering the lives’ of users Read More »
By Dan Catchpole SEATTLE (Reuters) -Boeing CEO Kelly Ortberg said on Thursday that the planemaker is falling behind schedule on certifying the 777-9, its newest widebody jet. The company expects to deliver the first 777X jet in 2026, six years later than anticipated when the program was launched in 2013. A “mountain of work” remains …
Boeing falling behind on certifying its 777X, CEO says Read More »
By Noel Randewich and Lewis Krauskopf (Reuters) -Wall Street’s “AI trade” has propelled the market to record highs this year, and Oracle’s stunning share-price gains are giving investors another reason to back the trade. Oracle shares jumped 36% on Wednesday after the company pointed to a demand surge from AI firms for its cloud services. …
Oracle’s blockbuster surge shows AI trade’s growing influence on market Read More »
