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Italy calls on EU to allow deficit leeway for defence spend over 20-30 years

4 Jun 2025

By Angelo Amante and Giuseppe Fonte ROME (Reuters) -The European Union should allow member states to spread out potentially wider fiscal deficits linked to higher national defence spending up to 30 years from the four currently proposed, Italy’s defence minister said on Wednesday. There is growing pressure in Europe to boost military spending to deter …

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Madrid’s ghost towns revived as Spain’s housing crisis escalates

4 Jun 2025

By Corina Pons and Charlie Devereux SESENA, Spain (Reuters) – The first call came two minutes after estate agent Segis Gomez posted a listing in Sesena, a development near Madrid that gained notoriety as one of the so-called “ghost towns” created when Spain’s property bubble burst in 2008. Half-built and half-empty for more than a …

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Voestalpine braces for earnings hit as US tariffs rise to 50%

4 Jun 2025

By Bernadette Hogg and Isabel Demetz (Reuters) -Voestalpine expects U.S. tariffs’ impact on its yearly earnings to be at the high end of a “mid-double-digit” million euro range if the import duties on steel and aluminium remain at the 50% level that came into effect on Wednesday, its CEO said. U.S. President Donald Trump’s decision …

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More UK pensioners will get winter fuel payments this year, Reeves says

4 Jun 2025

LONDON (Reuters) -British finance minister Rachel Reeves said on Wednesday more pensioners will receive winter fuel payments starting this winter, following the government’s U-turn on the cuts in the payments to the elderly. Cuts to the payments, which subsidise winter heating bills for millions of older people and are worth 200-300 pounds ($270-405), were announced …

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UK’s Reeves says no plans to raise taxes on scale of 2024 budget

4 Jun 2025

LONDON (Reuters) -British finance minister Rachel Reeves said on Wednesday the government did not have any plans to announce tax hikes on a scale similar to the 40 billion pounds ($54 billion) of increases introduced in last year’s budget in October. “I have absolutely no intention of repeating a budget on that scale again,” she …

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ProSiebenSat.1 offer by PPF receives regulatory approval

4 Jun 2025

(Reuters) -One of ProSiebenSat.1’s two top shareholders, Czech investment group PPF, said on Wednesday that it has received approval by Germany’s financial watchdog for its all-cash bid for more shares of the German media company. PPF is ProSieben’s second-biggest shareholder after MFE-MediaforEurope, the company controlled by Italy’s Berlusconi family. PPF has offered to buy ProSieben …

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Remy Cointreau scraps 2030 goals amid tariffs, slow US

4 Jun 2025

By Dominique Vidalon and Emma Rumney PARIS/LONDON (Reuters) -Remy Cointreau on Wednesday abandoned its 2030 sales growth ambitions, saying tariffs and persistently slow U.S. sales could derail its plans for this financial year and beyond. However, shares in the maker of Remy Martin cognac and Cointreau liqueur, which has been grappling with tariffs and sliding …

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Romania must approve credible plan to lower deficit by end-June, president says

4 Jun 2025

By Luiza Ilie BUCHAREST (Reuters) -Romania must present a credible plan to lower the EU’s highest budget deficit by the end of June, President Nicusor Dan said on Wednesday, as many state spending cuts being discussed would need at least six months to be enacted. Centrist Dan, who won a divisive presidential vote last month …

Romania must approve credible plan to lower deficit by end-June, president says Read More »

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