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Greek farmers pocket over 22 million euros in EU farm aid fraud, minister says

ATHENS (Reuters) -Greek farmers misappropriated EU agricultural subsidies worth more than 22 million euros between 2019 and 2024 by faking land ownership, a minister said on Tuesday, following a police investigation that has shaken the government. Greek police raided the Athens offices of OPEKEPE – the government agency tasked with supervising and paying EU subsidies …

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Key Starbucks supplier in Switzerland tastes bitter harvest of Trump tariffs

By Dave Graham WEGGIS, Switzerland (Reuters) -Swiss coffee machine maker Thermoplan was a small family firm until it rode the wave of late 1990s globalisation to become a key supplier for Starbucks and created more than 500 jobs in a lakeside village by the Alps. The future of those jobs has been thrown into jeopardy …

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Workers begin strike at Belgium’s Fluxys Dunkirk LNG terminal

PARIS (Reuters) -Workers began a three-day strike over pay at Belgian gas terminal operator Fluxys’ Dunkirk liquefied natural gas terminal late on Monday evening, part of a broader action in the power and gas sector focused on pensions and wages. The Dunkirk LNG terminal is the second largest in continental Europe and the only terminal …

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InPost earnings meet analyst view, but weaker volume growth in Poland weighs

(Reuters) -Polish parcel locker company InPost reported second-quarter adjusted earnings that met market expectations, but its shares fell on Tuesday as one analyst flagged slowing volume growth in its home market. InPost, which operates across nine countries including Poland, is best known for its automated parcel machines or APMs that allow customers to collect or drop …

InPost earnings meet analyst view, but weaker volume growth in Poland weighs Read More »

Spain’s eDreams shares tumble after subscriber growth slows down

By Javi West Larrañaga and Mireia Merino (Reuters) -Shares of Spanish travel booking company eDreams ODIGEO fell more than 10% on Tuesday after the company announced slower subscriber growth in April-June compared with the previous quarter. The company said its Prime membership — which now accounts for about 75% of its revenue — grew by …

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ECB’s Schnabel calls for steady rates as economy holds up in face of tariffs

By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) -The European Central Bank should keep interest rates steady as the euro zone economy is holding its own in the face of U.S. tariffs and inflation may still come in higher than expected, ECB policymaker Isabel Schnabel told Reuters. The central bank for the 20 countries that …

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UK parliamentary security staff to strike over conditions and pay

LONDON (Reuters) -Hundreds of security staff at Britain’s parliament are set to strike over conditions and pay for two days this month, their trade union said on Tuesday. After winning an election last year, Prime Minister Keir Starmer’s Labour Party government promised to end a wave of strikes by teachers, railway workers and doctors which …

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Euro zone inflation edges up in August, pointing to steady ECB rates for now

By Balazs Koranyi FRANKFURT (Reuters) -Euro zone inflation edged up a touch in August, staying close to the ECB’s 2% target and likely firming up market bets that interest rates will remain unchanged in the near term, even if the rate cut debate could still simmer.  Price growth, the European Central Bank’s primary focus, has …

Euro zone inflation edges up in August, pointing to steady ECB rates for now Read More »

Online classifieds business Swiss Marketplace Group set for IPO

By John Revill and Emma-Victoria Farr ZURICH (Reuters) -Online classifieds business Swiss Marketplace Group intends to float in the coming weeks on the Zurich SIX stock exchange, it said on Tuesday, marking the start of an expected wave of European initial public offerings. SMG, which operates online platforms for classified ads and auctions, is backed …

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Soccer-Premier League clubs spend record 3 billion pounds in summer frenzy

LONDON (Reuters) -Alexander Isak’s British record 125 million pounds ($169 million) move from Newcastle United to Liverpool on Monday completed an eye-watering summer of English Premier League spending. The Swedish striker’s move, along with several other big-money deadline day deals such as Newcastle’s 55 million pounds swoop for Brentford striker Yoane Wissa meant the cumulative …

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