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Europe stocks fall on fears of Iranian retaliation after U.S. strikes

By Sanchayaita Roy, Sukriti Gupta and Pranav Kashyap (Reuters) -European stocks stumbled on Monday, as investors nervously eyed the threat of Iranian retaliation following joint U.S.-Israeli strikes on Iran’s nuclear sites over the weekend. The pan-European STOXX 600 index closed 0.3% lower, after touching its lowest level in over a month earlier in the session. …

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FTSE 100 closes at 3-week low as sterling climbs, eyes on Mideast conflict

(Reuters) -The UK’s FTSE 100 closed at a more than three-week low on Monday as a stronger pound dented shares of international firms, while investors looked for any signs of escalation in the ongoing Middle East conflict. The internationally exposed FTSE 100 index dipped 0.2% to finish the session at its weakest level since May …

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Alstom wins 1.7 billion euros train order in France

(Reuters) -French train maker Alstom has signed a framework deal worth around 1.7 billion euros ($2.0 billion) to supply 96 additional RER new generation trainsets for the RER D line in the Île-de-France region, the group said on Monday. The order, financed by the regional public transport authority Île-de-France Mobilités (IDFM) and formalised by SNCF …

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Europeans seek ‘digital sovereignty’ as US tech firms embrace Trump

(Corrects description of Berjon’s role in penultimate paragraph to technologist who focuses on governance issues (not digital rights activist) By Thomas Escritt BERLIN (Reuters) -At a market stall in Berlin run by charity Topio, volunteers help people who want to purge their phones of the influence of U.S. tech firms. Since Donald Trump’s inauguration, the …

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Brainlab sets IPO price range, targets market value of up to 2.1 billion euros

BERLIN (Reuters) -German medical technology firm Brainlab set the price range for its initial public offering at 80 to 100 euros per share on Monday, aiming for a market capitalisation of up to 2.1 billion euros ($2.41 billion), it said. The Munich-based company plans to sell up to 5.2 million shares within a week, which …

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Slovakia reserves right to decide pace of defence spending rise, PM Fico says

(Reuters) -Slovakia has to reserve the right to decide how fast to raise spending towards NATO’s new targets for 2035 and any increase in outlays next year will go to dual-use projects like roads and hospitals, Prime Minister Robert Fico said on Monday. NATO members agreed on Sunday to a big increase in their defence …

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ECB’s Nagel says bond-buying is only for exceptional cases

FRANKFURT (Reuters) -The European Central Bank should only engage in massive bond buying in “absolutely exceptional cases” after this form of monetary stimulus caused it to report major losses, ECB policymaker Joachim Nagel said on Monday. The Bundesbank’s president was joining a growing number of policymakers in signalling the ECB wanted to turn the page …

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BBVA warns it could pull out of Sabadell bid if conditions are too harsh

By Jesús Aguado SANTANDER, Spain (Reuters) -BBVA could withdraw its offer for smaller rival Sabadell if conditions imposed by the Spanish government are too harsh, or if it is forced to accept the sale of Sabadell’s British unit TSB, Chairman Carlos Torres said on Monday. The Spanish government will decide on Tuesday whether to impose …

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Germany to raise defence spending to 3.5% of GDP by 2029, sources say

By Maria Martinez BERLIN (Reuters) -Germany will raise defence spending to 3.5% of economic output by 2029 funded through a nearly 400 billion euro borrowing programme, sources said on Monday, as Chancellor Friedrich Merz aims to send a strong signal ahead of this week’s NATO summit. After low spending following the end of the Cold …

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ECB’s Lagarde urges EU lawmakers to speed up digital euro law

FRANKFURT (Reuters) -European Central Bank President Christine Lagarde on Monday urged European lawmakers to speed up the introduction of legislation backing the launch of a digital euro. The ECB has been working for years on a digital version of the single currency, essentially an online wallet, but it needs the European Parliament to pass legislation …

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