ROME (Reuters) -Italian Prime Minister Giorgia Meloni on Tuesday said high energy costs are the most pressing economic issue for her administration. “The main issue we have to face … are energy costs,” Meloni told the annual assembly of business lobby Confindustria in the northern city of Bologna. Meloni said her government was conducting an …
Italy’s Meloni says high energy prices are main economic challenge Read More »
By Pavel Polityuk and Yuliia Dysa KYIV (Reuters) -Ukraine’s energy regulator has approved a gas import mechanism that will avoid high transit fees when supplying gas through the Transbalkan pipeline from Greece to Ukraine, the Ukrainian energy ministry said on Tuesday. Ukraine has faced a serious gas shortage since a series of devastating Russian missile …
Ukraine hopes to import gas via Transbalkan pipeline at lower transit fee Read More »
By Andrew Gray BRUSSELS (Reuters) -The European Union on Tuesday approved the creation of a 150 billion-euro ($170.7 billion) EU arms fund, driven by fears of a Russian attack in the coming years and doubts about U.S. security commitments to the continent. The approval, by ministers from EU countries meeting in Brussels, was the final …
EU ministers approve new 150 billion-euro arms fund Read More »
By Jesus Calero (Reuters) -Tesla’s sales in Europe fell 49% in April from a year earlier, even though battery-electric car sales rose 27.8%, as the U.S. EV maker’s upgrade of its Model Y shows little sign of reviving the brand’s fortunes in the region. Overall car sales in Europe dipped 0.3%, with the strongest growth …
Tesla misses out on European EV growth as Model Y fails to revive sales Read More »
MILAN (Reuters) -Italy’s main business lobby Confindustria on Tuesday called on the European Union to speed up trade agreements with other countries while it negotiates on tariffs with US President Donald Trump. Trump last week ratcheted up his trade war, announcing a 50% tariff on EU goods starting June 1. He later deferred the deadline …
Italy’s business lobby urges EU to expedite trade deals beyond US Read More »
LONDON (Reuters) -Confidence among British retailers fell at the sharpest pace in five years and a decline in sales volumes gathered pace as stores expect conditions to worsen, a Confederation of British Industry survey showed on Tuesday. The CBI’s quarterly gauge of business sentiment plunged in May with a net balance of firms expecting their …
UK retail sentiment plummets in May and sales fell more sharply, CBI says Read More »
By Holger Hansen BERLIN (Reuters) -Germany will ramp up public investment to 110 billion euros ($125 billion) this year as part of efforts to modernise the economy and put it back on track for growth, Finance Minister Lars Klingbeil said on Tuesday. “At the same time, we will implement comprehensive structural reforms and continue to …
German minister earmarks 110 billion euros for 2025 investment surge Read More »
By Gianluca Lo Nostro (Reuters) – French inflation fell to its lowest level since December 2020 in May, driven by a sharper decline in energy prices and a slowdown in service costs, preliminary data from statistics agency INSEE showed on Tuesday. France’s harmonized consumer prices, adjusted for comparison with other euro zone countries, increased 0.6% …
French inflation slows to 0.6% in May, lowest since 2020 Read More »
MILAN (Reuters) -Italian industries need lower energy costs in order to survive and compete effectively with European peers, the head the country’s main business lobby Confindustria said on Tuesday. “Our companies continue to suffer from an energy (price) surcharge of more than 35% over the European average, even reaching peaks of 80% when compared to …
Italy business lobby asks for urgent measures to lower energy costs Read More »
LONDON (Reuters) -Yum Brands’ KFC plans to invest 1.49 billion pounds ($2.0 billion) in Britain and Ireland over the next five years, creating over 7,000 jobs within its business and across its supply chain, it said on Tuesday. The fried chicken fast food chain, which currently operates over 1,000 outlets across the UK and Ireland, …
KFC to invest $2 billion in UK and Ireland over five years Read More »
