FRANKFURT, Dec 8 (Reuters) – The European Central Bank’s next move may be an interest rate hike, rather than a cut as some still expect, but it will not happen in the near future, ECB board member Isabel Schnabel told Bloomberg News in an interview published on Monday. The ECB has cut rates by a …
ECB’s next move may be a hike, but not anytime soon, Schnabel tells Bloomberg News Read More »
A look at the day ahead in European and global markets from Wayne Cole. Well, Fed decision week is finally upon us and it’s shaping up to be one of the most vexed meetings in recent memory. Of 108 analysts polled by Reuters only 19 tipped a hold with the rest for an easing on …
Morning Bid: Futures try for a Fed fait accompli Read More »
By Tim Hepher, Allison Lampert and David Shepardson PARIS, Dec 5 (Reuters) – This week, Airbus got a brutal reminder that even the world’s most-delivered jet – the A320 – isn’t immune to shocks as disparate as solar flares and flawed metal. Days after recalling 6,000 A320-series planes over a software glitch linked to cosmic …
Airbus counts the cost of relying on a single airplane model Read More »
By Susanna Twidale LONDON, Dec 8 (Reuters) – Britain’s National Energy System Operator will prioritise grid connection for the most viable power generation and storage projects in a huge overhaul of the system, it said on Monday, designed to root out zombie projects clogging up the process. Britain has a target to largely decarbonise its …
Britain overhauls power grid connections to root out ‘zombie’ projects Read More »
LONDON, Dec 8 (Reuters) – Britain’s jobs market remained weak last month in the run-up to finance minister Rachel Reeves’ budget on November 26 as employers worried about possible new tax increases, an industry report showed on Monday. Permanent job placements shrank at the slowest rate since July 2024 but the reading was barely up …
UK jobs market slowed again in November before budget, survey shows Read More »
FRANKFURT, Dec 7 (Reuters) – The European Commission could announce a package to support the local automotive sector, including a possible watered down version of its 2035 combustion engine phase-out, on December 16, an industry source briefed on the matter said. Brussels is so far planning to announce the package on December 10, but EU …
EU could announce package to support auto industry on December 16, industry source says Read More »
PARIS, Dec 7 (Reuters) – French President Emmanuel Macron said he had threatened Beijing with tariffs during his state visit to China if there was no action taken to reduce the country’s ever-widening trade deficit with the European Union. During Macron’s visit earlier in December, he urged China to boost cooperation on “unsustainable” global trade …
France’s Macron threatens China with tariffs over trade surplus – Les Echos Read More »
FRANKFURT, Dec 7 (Reuters) – Germany’s foreign minister plans to tackle critical issues such as rare earths and steel during an upcoming trip to China, he said on Sunday, highlighting the challenge for Berlin in dealing with what is both its top trading partner and major rival. Johann Wadephul is scheduled to travel to China …
German foreign minister to discuss rare earths, steel in China visit Read More »
PARIS, Dec 7 (Reuters) – Unless there is a sharp reversal in the final three months of the year, the French economy is likely to grow by at least 0.8% in 2025, outpacing the 0.7% that the government had anticipated, Finance Minister Roland Lescure said on Sunday. “We will most likely exceed the government’s growth …
French economy lkely to grow at least 0.8% in 2025, Finance Minister says Read More »
VIENNA, Dec 7 (Reuters) – UBS may cut an additional 10,000 jobs by 2027, Swiss paper SonntagsBlick reported on Sunday, without citing where it obtained the information. Responding to the report, UBS did not confirm this number, but said it would “keep the number of jobs cuts in Switzerland and globally as low as possible”. …
UBS may cut further 10,000 jobs by 2027, SonntagsBlick reports Read More »
