LISBON (Reuters) -Portugal expects to increase its defence spending to 2% of gross domestic product this year, four years ahead of schedule, Prime Minister Luis Montenegro said on Thursday. Among the 32 members of NATO, Portugal is one of the countries with the lowest defence spending as a share of its economic output, with the …
Portugal to meet 2% defence spending target ahead of schedule in 2025 Read More »
(Reuters) -Britain’s competition watchdog on Thursday renewed its concerns about Spreadex’s 2023 acquisition of Sporting Index’s consumer arm, saying the two companies together have a monopoly over the UK’s licensed online sports spread-betting market. The Competition and Markets Authority (CMA) reopened its investigation into the deal in March after its order last November requiring Spreadex …
UK regulator flags competition concerns again over Spreadex-Sporting Index deal Read More »
(Reuters) – Italian gas grid operator Snam said on Thursday that Stefano Venier was set to step down as CEO and GM effective June 30. (Reporting by Pretish M J in Bengaluru; Editing by Pooja Desai)
FRANKFURT (Reuters) -Siemens Energy on Thursday said it had replaced a 11 billion euro ($12.6 billion) government-backed funding facility that was put in place in 2023 to stabilise the power equipment maker, a key step to restore its ability to pay dividends. The government had to backstop billions of euros worth of project guarantees in …
Siemens Energy replaces 11 billion eur government-backed funding facility Read More »
GORNJE NEDELJICE, Serbia (Reuters) -Zlatko Kokanovic, a farmer from Serbia’s Jadar region, is determined to stop development of a Rio Tinto lithium project, identified this week as strategic by the European Commission as it aims to cut dependency on China for mineral resources. Lithium is a key component in batteries for electric vehicles and mobile …
LONDON (Reuters) -Credit Suisse’s $440 million London lawsuit against Japan’s SoftBank Group Corp kicked off on Thursday over losses linked to Greensill Capital, with the collapsed finance firm’s founder Lex Greensill expected to give evidence next week. The case, which centres on funds Greensill lent to Katerra, a SoftBank-backed U.S. construction group, is the latest …
Credit Suisse, SoftBank fight over Greensill losses in $440 million London lawsuit Read More »
FRANKFURT, June 5 (Reuters) – The European Central Bank cut interest rates as expected on Thursday and kept all options on the table for its next meetings even as the case grows for a summer pause in its year-long easing cycle. Following are highlights of ECB President Christine Lagarde’s comments at a news conference after …
FRANKFURT (Reuters) -The European Central Bank cut some of its growth and inflation projections on Thursday as the fallout from a global trade war is likely to prove a drag for the 20-nation euro zone. Inflation is now seen falling further below the ECB’s 2% target next year as lower energy costs, a stronger euro …
FRANKFURT, June 5 (Reuters) – Following is the statement from the European Central Bank following its policy meeting. The Governing Council today decided to lower the three key ECB interest rates by 25 basis points. In particular, the decision to lower the deposit facility rate – the rate through which the Governing Council steers the …
TEXT-Statement from the ECB following policy meeting Read More »
FRANKFURT (Reuters) -A clear majority of European Central Bank policymakers meeting on Thursday expressed a preference for holding interest rates steady next month and a few even made the case for an even longer pause, four sources told Reuters. The ECB cut interest rates for the eighth time in a year on Thursday but hinted …
ECB governors see July pause but Sept up in the air Read More »
