BERLIN (Reuters) -German Finance Minister Lars Klingbeil aims to have an agreement with the country’s 16 federal states on planned relief measures that will weigh on tax revenue by Tuesday, he said on the sidelines of a meeting of EU ministers. “There are a lot of conversations taking place on this now,” Klingbeil told reporters …
German finance minister hopes for deal with states on relief by Tuesday Read More »
By Jan Strupczewski BRUSSELS (Reuters) -The European Union’s next long-term budget must be bigger than the current one, the main political group in the European Parliament said, putting itself on a collision course with the biggest contributor Germany, which does not want any increase. The centre-right European People’s Party, with 188 deputies in the 720-seat …
EU’s main political group on collision course with Germany over budget increase demands Read More »
BRUSSELS (Reuters) -EU antitrust regulators on Thursday approved with conditions Italian bank UniCredit’s takeover of rival Banco BPM. UniCredit agreed to sell 209 branches in northern Italy to allay competition concerns. “These commitments fully address the competition concerns identified by the Commission, by removing the horizontal overlap between the companies’ activities in those areas and …
EU regulators clear with conditions UniCredit’s acquisition of Banco BPM Read More »
By Valentina Za MILAN (Reuters) -The European Central Bank will keep doing all that is necessary to complete its nearly accomplished mission on inflation, one of its top policymakers, Bundesbank President Joachim Nagel, said on Thursday. Data this week showed euro zone inflation fell to an annual 1.9% in May from 2.2% in April, and …
ECB will keep doing all is needed to meet inflation goal, Nagel says Read More »
By Lucy Raitano LONDON (Reuters) -The pound rose on Thursday after the Bank of England kept rates steady, citing a weaker jobs market and higher energy prices, which investors took as a clearer sign of the trajectory for UK rates, while other countries’ likely paths are less obvious. On a busy day for central bank …
Pound firms as BoE offers markets shred of clarity Read More »
By Anne Kauranen HELSINKI (Reuters) -Finland’s business promotion agency has granted research and development funding to satellite and defence technology company ICEYE, the two entities said on Thursday, in what marks another step in European efforts to support the booming sector. Privately owned ICEYE has grown rapidly in recent years and says its fleet of …
Finland backs space tech ICEYE firm with R&D funding Read More »
By John Revill ZURICH (Reuters) -The Swiss National Bank cut its interest rate to zero on Thursday and did not rule out returning borrowing costs to negative territory in future, although it stressed this was not a step it would take lightly. The SNB reduced its policy rate by 25 basis points from 0.25%, as …
Swiss National Bank cuts rates to zero, will not rule out going negative Read More »
By Philip Blenkinsop and Laurie Chen BRUSSELS/BEIJING (Reuters) -European Union leaders will use a summit with China next month to seek better access to Chinese rare earths and critical minerals, four sources familiar with the plans said, as the two sides tackle an array of tariff-related issues. For years, China has had a near monopoly …
Rare earth access is the European Union’s priority at China summit Read More »
BUDAPEST (Reuters) -Russian gas and oil deliveries to Hungary will continue, Foreign Minister Peter Szijjarto said on Thursday during a visit to Russia where he held talks with Russian Deputy Prime Minister Alexander Novak and top Rosatom and Gazprom officials. The European Commission aims to ban EU Russian gas and liquefied natural gas (LNG) imports …
Russia to keep shipping gas and oil to Hungary, Hungarian foreign minister says Read More »
PARIS (Reuters) -Constellium is testing lighter alloys and more comprehensive recycling as the aluminium processor positions itself for future single-aisle jets, where competition from composite materials is set to intensify. Having lost share to composites in larger planes like Airbus’ A350 and Boeing’s 787, aluminium suppliers have held their ground in existing smaller models like …
Constellium bets on lighter, recycled aluminium for future planes Read More »
