LONDON (Reuters) -British finance minister Rachel Reeves said on Friday that she had nominated the chair of the Office for Budget Responsibility Richard Hughes to serve a second five-year term. The OBR prepares twice yearly forecasts of British economic growth and public borrowing and assesses whether Reeves is on track to meet her budget goals. …
UK finance minister nominates budget watchdog chief for second term Read More »
BERLIN (Reuters) -German inflation eased further in May but slowing less than forecast to 2.1%, preliminary data from the federal statistics office showed on Friday. Analysts polled by Reuters had forecast a reading of 2.0%, after a year-on-year increase in consumer prices of 2.2% in April, based on data harmonised to compare with other European …
MOSCOW (Reuters) – Russian airlines carried 8.4 million passengers in April 2025, up 2.7% year-on-year, national aviation watchdog Rosaviatsia said on Friday on its Telegram channel. (Reporting by Reuters; Editing by Alison Williams)
By Sarah Qureshi and Kavya Balaraman (Reuters) – Analysts have revised down their oil price forecasts for the third consecutive month as swelling OPEC+ supply and lingering uncertainty around the impact of trade disputes on fuel demand weigh on prices, a Reuters poll showed. A survey of 40 economists and analysts in May forecasts Brent …
Oil price outlook weakens on OPEC+ hikes, lingering trade concerns: Reuters poll Read More »
By Corina Pons MADRID (Reuters) -Zara founder Amancio Ortega has bought an office building in Barcelona from Blackstone for 250 million euros ($283 million), two sources familiar with the transaction said on Friday. Blackstone sold the 28,000-square-metre building on Avenida Diagonal, currently rented by the Spanish editorial business Planeta, to Ortega’s investment vehicle Pontegadea, the …
Zara founder Ortega buys Barcelona office building for $283 million, sources say Read More »
MOSCOW (Reuters) -Russia expects a 50% rise in voyages by foreign vessels using the Northern Sea Route (NSR) along its Arctic coast this year, which Moscow sees as an alternative to the Suez Canal, state-controlled nuclear energy firm Rosatom told Reuters on Friday. Rosatom runs a fleet of icebreakers and is in charge of operations …
Russia’s Rosatom expects boom in foreign vessels using Arctic shipping route Read More »
BERLIN (Reuters) -Germany’s labour office foresees a shortfall of 11.9 billion euros ($13.48 billion) by 2029 amid rising unemployment that may have to be plugged with government loans, the agency said in a letter to parliamentary budget committee on Friday. For this year alone, the agency anticipates a deficit of 5.27 billion euros that will …
German labour office fears 12-billion-euro shortfall by 2029 amid rising unemployment Read More »
(Reuters) – Russian flag carrier Aeroflot on Friday reported an adjusted net loss of 3.4 billion roubles ($43.31 million) in the first quarter of 2025, down from net profit of more than 6 billion roubles in the same period a year ago. Revenues for the quarter rose 9.6% year-on-year to 190.2 billion roubles and earnings …
Russian flag carrier Aeroflot reports adjusted net loss in Q1 Read More »
PRAGUE (Reuters) -Czech Republic’s 2.2% year-on-year economic expansion in the first quarter was above the central bank’s forecast of 2.1% mainly thanks to more resilient investments and exports, but the uncertainty over the impact of U.S. tariffs cloud the outlook, the central bank said on Friday. The bank said increase in household consumption — which …
Czech growth helped by investment, exports, tariffs cloud outlook, central bank says Read More »
LISBON (Reuters) -Portugal’s economy shrank 0.5% in the first quarter from the previous three months, when it grew 1.4%, as exports fell and imports rose in anticipation of higher tariffs amid global trade tensions, official data showed on Friday, confirming the flash estimate. In its second reading of gross domestic product, the National Institute of …
Portugal’s first-quarter contraction confirmed, exports fall Read More »
