MANCHESTER, England (Reuters) -British manufacturers this month reported the sharpest contraction in orders since January and expectations for selling prices cooled, the Confederation of British Industry said on Tuesday. The CBI’s monthly balance for manufacturing new orders fell in June to -33 from -30 in May. The CBI’s gauge of output for the past three …
UK factories suffer bigger drop in orders during June, CBI says Read More »
By Maria Martinez BERLIN (Reuters) -German business morale improved more than expected in June, a survey showed on Tuesday, potentially marking a turning point for Europe’s biggest economy as lower borrowing costs and the government’s fiscal package boost confidence. The Ifo Institute said its business climate index rose to 88.4 in June from 87.5 in …
German business sentiment rises more than expected in June, Ifo survey finds Read More »
By Dmitry Antonov MOSCOW (Reuters) -The Kremlin said on Tuesday that NATO was on a path of rampant militarisation and bent on portraying Russia as a “fiend of hell” in order to justify committing to a big increase in member states’ defence spending. Leaders of NATO, which is kicking off a two-summit in the Netherlands, …
Russia says NATO needs to demonise it to justify 5% defence spending target Read More »
By Oksana Kobzeva ST PETERSBURG, Russia (Reuters) -Russia, which holds the world’s largest natural gas reserves, is exploring ways to manage a surplus of gas, including using it for data centres, as exports to Europe continue to plummet, government officials and company managers have said. State-owned Gazprom saw gas exports to Europe peak at between …
Russia faces gas surplus as European exports collapse, eyes data centres Read More »
STOCKHOLM (Reuters) -The Swedish government has cut its forecast for economic growth this year in half, its finance minister said on Tuesday, as geopolitical uncertainty, including from global tariffs, had made households and businesses wary of spending. Gross domestic product is expected to increase 0.9% this year compared to May’s forecast of 1.8%, Elisabeth Svantesson …
Sweden halves 2025 growth forecast to 0.9% on trade uncertainty Read More »
FRANKFURT (Reuters) -Battery output and trade in Germany dropped sharply in 2024 amid a slowdown in the roll-out of electric cars and competition from Asian producers, electronics industry association ZVEI said on Tuesday, asking policymakers to help stem the decline. Market volumes, describing production plus imports minus exports, in the industry fell 16% in 2024 …
German battery production, trade decline; lobby urges action Read More »
By Kane Wu and Casey Hall (Reuters) -U.S. cafe chain Starbucks said it is not currently considering a full sale of its China operations, after Chinese financial magazine Caixin reported that it was, without disclosing where it obtained the information. Starbucks has held preliminary talks with more than a dozen potential buyers, Caixin also reported …
Starbucks says it is not currently considering a full sale of its China operations Read More »
By Stefano Rebaudo (Reuters) -Sterling climbed against the euro and the dollar on Tuesday, lifted by a rally in risk assets after U.S. President Donald Trump announced a ceasefire between Israel and Iran. Israeli Defence Minister Israel Katz said on Tuesday he had ordered the military to strike Tehran in response to what he said …
Sterling rises as risk assets rally on Israel-Iran ceasefire Read More »
(Reuters) -Italian utility ACEA has approved a binding offer from Eni’s retail and renewables business Plenitude to acquire its energy retail arm ACEA Energia in a deal worth 588.5 million euros ($682 million), it said on Tuesday. The offer includes a 50% stake in Umbria Energy, a local energy company, and excludes some ACEA business …
Italian utility ACEA to sell energy arm to Eni’s Plenitude for 588.5 million euros Read More »
BERLIN (Reuters) -Germany plans to issue 19 billion euros ($22 billion) more in debt than initially planned in the third quarter, the Federal Finance Agency said on Tuesday, in line with an anticipated boost in spending on defence and infrastructure. The additional 19 billion euros that will be financed in the third quarter consist of …
Germany to issue 19 billion eur more in debt in Q3 in line with spending boost Read More »
