COPENHAGEN (Reuters) -Volvo Cars sold 49,273 cars in July, down 14% from a year earlier, the Sweden-based company said on Monday. Volvo Cars, which is majority-owned by China’s Geely, said in a statement that sales of fully electric cars fell 26% to account for 21% of total sales volumes. Sales of electrified cars as a …
(Reuters) -The number of people registering as jobless in Spain fell by 0.1% in July from a month earlier, or by 1,357, leaving a total of 2.40 million people out of work, data from the Labour Ministry showed on Monday. The number is the lowest since 2.39 million jobless people registered in June 2008. Spain …
Spain’s July jobless falls 0.1% from June to 2.40 million, lowest in 17 years Read More »
BERLIN (Reuters) -German Finance Minister Lars Klingbeil will advocate for a quota system on steel exports to be included in the EU’s trade deal with the United States at a meeting with his U.S. counterpart, Scott Bessent, later on Monday, he told a radio broadcaster. “There is talk of a quota system for steel, and …
German finance minister to push for steel quotas on Washington trip Read More »
By David Milliken LONDON (Reuters) -The Bank of England is widely expected to cut its key interest rate to 4% from 4.25% on Thursday and to lower it once more before the end of the year, despite consumer price inflation rising to close to double the central bank’s 2% target in June. But policymakers are …
Bank of England faces inflation challenge as it prepares to cut rates Read More »
By John Revill ZURICH (Reuters) -The Swiss government is open to revising its offer to the United States in response to planned heavy tariffs, Business Minister Guy Parmelin said, as experts warned the 39% import duties announced by President Donald Trump could trigger a recession in Switzerland. Switzerland was left stunned on Friday after Trump …
Switzerland could revise offer on Trump tariffs, business minister says Read More »
(Reuters) -A look at the day ahead in European and global markets from Wayne Cole. It’s been a case of buy the dip so far on Monday as U.S. and European stock futures edge up, along with the dollar. The Nikkei suffered a delayed reaction to Friday’s Wall Street rout and a jump in the …
Morning Bid: Buy the dip, we can worry about jobs later Read More »
(Reuters) -Oil and gas producer Santos on Monday said it will supply utility firm Engie with up to 20 petajoules of natural gas a year from its Narrabri project in New South Wales that has been entirely committed to the Australian domestic market. Santos has yet to make a final investment decision on the A$3.6 …
Australia’s Santos commits Narrabri gas for domestic supply in deal with ENGIE Read More »
By Olesya Astakhova, Ahmad Ghaddar and Alex Lawler LONDON (Reuters) -OPEC+ agreed on Sunday to raise oil production by 547,000 barrels per day for September, the latest in a series of accelerated output hikes to regain market share, as concerns mount over potential supply disruptions linked to Russia. The move marks a full and early …
OPEC+ makes another large oil output hike in market share push Read More »
LONDON (Reuters) -Any future motor finance compensation scheme for consumers in Britain would be substantially smaller than the payment protection insurance (PPI) redress scheme that cost banks tens of billions of pounds, the UK’s top financial regulator said. The Supreme Court overturned a landmark ruling on car finance commissions on Friday, easing fears among banks …
Potential UK car finance compensation scheme would be smaller than PPI, says regulator Read More »
DUBLIN (Reuters) -The governor of the Irish central bank has warned the government against over-stimulating the economy in its annual budget in October, saying the country was at risk of being in the “wrong place,” in terms of spending. Gabriel Makhlouf was speaking two weeks after the government published its pre-budget plans, in which it …
Irish central bank governor warns government against over-stimulating economy Read More »
