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Russia set to impose harsher gasoline export restrictions soon, sources say

24 Jul 2025

MOSCOW (Reuters) -Russia is poised to introduce a tighter gasoline export ban, including for fuel producers, in the coming days to tackle rising prices, three industry sources familiar with the plans told Reuters on Thursday. Currently, restrictions only exist for a small portion of gasoline exports by resellers, while oil companies are still allowed to …

Russia set to impose harsher gasoline export restrictions soon, sources say Read More »

Portugal picks OECD’s Santos Pereira to replace Centeno as central bank chief

24 Jul 2025

By Sergio Goncalves LISBON (Reuters) -The Portuguese government nominated on Thursday Alvaro Santos Pereira, the chief economist at the Organisation for Economic Cooperation and Development, as the next central bank governor to succeed Mario Centeno after just one term at the helm. The decision to nominate Santos Pereira, who served as economy minister in a …

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Ukraine’s central bank holds key rate steady, says war risks will curb 2025 growth

24 Jul 2025

By Olena Harmash KYIV (Reuters) -Ukraine’s central bank left its key interest rate steady at 15.5% on Thursday for the third consecutive meeting, saying it expects inflation to continue to ease but wartime risks will constrain economic growth. Economic growth will slow to 2.1% this year compared with 2.9% in 2024, it said in a …

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Spanish insurer Mapfre’s net profit soars in first half, buoyed by car insurance

24 Jul 2025

By Marta Serafinko and Mireia Merino (Reuters) -Spanish insurer Mapfre said on Thursday its net income rose 24% in the first half as its car insurance business soared after dragging the company down in the previous years. The firm’s net profit increased to 570 million euros ($669.29 million), the company said. Car insurance contributed 89 …

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Big central bank rate cuts slow with tariffs and politics in headlights

24 Jul 2025

By Naomi Rovnick and Alun John LONDON (Reuters) -The pace of central bank rate cuts is slowing as early movers near the end of their easing cycles while sticky inflation keeps others cautious. Politics both domestic and international is another complication for central bankers, particularly in the United States, where President Donald Trump continues to …

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EU approves counter-tariffs on US goods, says trade deal within reach

24 Jul 2025

By Philip Blenkinsop BRUSSELS (Reuters) -The European Commission said on Thursday a negotiated trade solution with the United States is within reach – while EU members voted to approve counter-tariffs on 93 billion euros ($109 billion) of U.S. goods in case the talks collapse. The 27-nation bloc’s executive has repeatedly said its primary focus is …

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Franco-German MGCS tank project speeding up, Rheinmetall CEO says

24 Jul 2025

UNTERLUESS, Germany (Reuters) -The Franco-German MGCS main battle tank project, which has stalled for years, is speeding up and has political will on both sides, Rheinmetall chief executive Armin Papperger said on Thursday. “This is what politicians want, but also industry,” he told reporters during a factory visit in Unterluess, in northern Germany, which was …

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Lagarde’s statement after ECB policy meeting

24 Jul 2025

(Reuters) -Following is the text of European Central Bank President Christine Lagarde’s statement after the bank’s policy meeting on Thursday: Link to statement on ECB website: Good afternoon, the Vice-President and I welcome you to our press conference. The Governing Council today decided to keep the three key ECB interest rates unchanged. Inflation is currently …

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Irish new home building jumps 35% in surprise second quarter boost

24 Jul 2025

DUBLIN (Reuters) -The number of new homes built in Ireland increased 35% year-on-year in the second quarter to 9,214, a surprise boost that completed the strongest first half since a 2008 property crash, data showed on Thursday. Ireland has struggled to house a rapidly growing population since the collapse of the construction industry in the …

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