Reuters UK Business

ROME (Reuters) -Italian businesses sentiment improved for a second month running in June but consumer morale fell back slightly, data showed on Friday, in mixed signs for the prospects of the euro zone’s third largest economy. National statistics institute ISTAT’s composite business morale index, combining surveys of the manufacturing, retail, construction and services sectors, rose …

Italy business sentiment improves in June but consumer morale slips Read More »

COPENHAGEN (Reuters) -Norway’s Kongsberg Gruppen and France’s Thales said on Friday they would establish a joint venture in Norway combining their defence communications businesses. The tie-up comes in response to European defence forces’ calls for interoperability, sovereignty and large-scale equipment as NATO countries and others face growing connectivity needs, Kongsberg said in a statement. “By …

Kongsberg and Thales form defence communications joint venture Read More »

-France’s OVHcloud, Europe’s largest data centre provider, has partnered with Norway’s cloud software provider Crayon to develop a sovereign European data infrastructure, with both hardware and software components originating from European companies. The collaboration will enable customers of both companies to access and integrate solutions across more than 45 regions, the companies said in a …

OVHcloud teams up with Crayon to develop European data infrastructure Read More »

(Reuters) -French consumer prices rose more than expected in June, ending a streak of declining inflation as service costs accelerated and energy price falls moderated, preliminary data from statistics agency INSEE showed on Friday. France’s harmonised inflation rate, adjusted for comparison with other euro zone countries, was 0.8% year-on-year in June, up from 0.6% in …

French inflation rises to 0.8% in June as service costs accelerate Read More »

FRANKFURT (Reuters) -The ECB should abandon targeting headline inflation and focus instead on price growth in discretionary spending to protect the bloc’s poorest, a paper to be presented to policymakers at the bank’s preeminent research conference argued on Friday. The ECB targets inflation at 2% and a soon-to-be-concluded review will not even discuss the definition …

ECB should change inflation target, researchers to tell policymakers Read More »