(Fixes spelling of reporter’s name in byline) By Gleb Bryanski and Evgeniy Matveev SERGIEVSKIY, Russia, June 10 (Reuters) – At a farm near Moscow, newly arrived guest workers from India are planting potatoes and cabbages – work closely monitored by central bank analysts as they prepare for board meetings to set interest rates. While in …
Potato price surge fuels inflation pain for Russia’s poorest Read More »
ROME (Reuters) -Kering Eyewear has agreed to buy Italian sunglass lens maker Lenti from Safilo, the unit of French luxury group Kering said on Tuesday, as it pushes for greater control of its supply chain. Headquartered in the northern city of Bergamo and with some 100 employees, Lenti specializes in moulding and surface treatments, including …
French luxury group Kering buys sun lens maker Lenti from Italy’s Safilo Read More »
By Pietro Lombardi MADRID (Reuters) -Spain’s Energy Minister Sara Aagesen urged private electricity companies to speed up sharing information needed to identify the causes of the worst ever blackout to hit Spain and Portugal. More than a month after one of Europe’s biggest electricity system collapses left around 60 million people in the two countries …
Spanish minister says private power firms slow to share information in blackout probe Read More »
By Tatiana Bautzer and Arasu Kannagi Basil NEW YORK (Reuters) -Citigroup’s head of banking Vis Raghavan said on Tuesday that performance in its banking and trading divisions will improve this quarter despite “anxiety” over U.S. tariffs. Banking fees will increase by a mid-single digit percentage in the second quarter versus the previous year, while markets …
Citi expects banking fees, trading revenue to climb despite US tariff “anxiety” Read More »
BRUSSELS (Reuters) -The European Commission on Tuesday included Monaco in its updated list of high-risk jurisdictions presenting strategic deficiencies in their national anti-money laundering and countering the financing of terrorism regimes. The European Commission said in a statement it had added a number of third-country jurisdictions to its list, including Algeria, Angola, Cote d’Ivoire, Kenya, …
EU includes Monaco in updated list of high-risk jurisdictions for money laundering Read More »
By Joan Faus BARCELONA (Reuters) -Spain’s Catalonia region on Tuesday approved a 3.2 billion-euro ($3.7 billion) expansion of Barcelona’s airport, angering environmental groups and campaigners against excessive tourism. The project, to be paid for by Spanish airport operator Aena, could be a test case for the European Union, which will have to decide whether to …
Spain’s Catalonia approves $3.7 billion Barcelona airport expansion Read More »
HELSINKI (Reuters) -Norwegian aluminium maker Norsk Hydro will temporarily halt recruitment for white collar positions due to global economic uncertainty, the company said in a statement on Tuesday. The hiring freeze comes in response to geopolitical tensions, trade disruptions and economic volatility impacting the business environment, Hydro said. “The world has changed, and we must …
Norway’s Hydro halts white collar recruitment amid business uncertainty Read More »
By Anant Chandak BENGALURU (Reuters) – The British economy will grow a mild 1% this year with the Bank of England set to cut interest rates two more times in 2025, according to economists polled by Reuters, little changed from previous projections despite tariff uncertainty. The survey was completed before finance minister Rachel Reeves’ planned …
Modest UK economic growth to lead Bank of England to cut rates gradually: Reuters poll Read More »
DUBLIN (Reuters) -Ireland made minor changes on Tuesday to rent controls, seeking to strike a balance between what the housing minister described as a “doubling down” on protecting tenants from some of Europe’s highest rental costs and encouraging much-needed construction. Ireland introduced the controls in 2016, initially in urban areas, to slow runaway rental costs …
Ireland modifies rent controls as it seeks to revive homebuilding Read More »
By Susanna Twidale LONDON (Reuters) – Britain will invest a further 14.2 billion pounds ($19.25 billion) to build the Sizewell C nuclear plant in southeast England, the government said on Tuesday, as part of its wider spending review which will define its priorities over the next four years. Britain is seeking to build new nuclear …
Britain to invest further 14.2 billion pounds in Sizewell C nuclear project Read More »
