ZURICH (Reuters) -Talks over trade between the Swiss government and the Trump administration will hopefully yield a result by the beginning of July, Swiss Economy Minister Guy Parmelin said on Tuesday. Switzerland was stunned to be saddled with steeper tariffs than its neighbours in the European Union when U.S. President Donald Trump early last month …
Swiss minister hopes for result on US trade talks by July Read More »
By Maria Martinez BERLIN (Reuters) -The German economy is expected to contract by 0.3% this year, shrinking for a third consecutive year, the German Chamber of Commerce and Industry (DIHK) said on Tuesday, forecasting the longest period of weakness in Germany’s post-war history. The risk of recession persists, the DIHK said, but following a promising …
German economy expected to contract by 0.3% this year, DIHK says Read More »
FRANKFURT (Reuters) -Flix on Tuesday awarded a 2.4 billion euro ($2.72 billion) train order to Siemens and Spain’s Talgo, as the German bus and train operator banks on growing demand for high-speed services in Europe. Talgo said in a statement that, under the order, it agreed in principle to supply 65 high-speed Talgo 230 train …
Flix orders trains worth €2.4 billion from Talgo, Siemens Read More »
PARIS (Reuters) -The normalisation of interest rates in the euro zone is probably not complete, European Central Bank (ECB) policymaker Francois Villeroy de Galhau said on Tuesday. “This normalisation is probably not complete, and we are likely to see this at our governing council next week,” Villeroy – who is also head of the Bank …
ECB’s Villeroy: normalisation of interest rates in euro zone probably not complete Read More »
By Stine Jacobsen and Nerijus Adomaitis OSLO (Reuters) -Norwegian oil and gas investments are expected to hit a record this year, and to decline next year, a statistics office survey of industry players showed on Tuesday. The country’s biggest business sector expects to invest 269.1 billion crowns ($26.62 billion) in 2025, up from a 253.8 …
Norway oil industry set to invest record amount in 2025 Read More »
(Reuters) -British shop prices fell slightly overall this month but food price inflation accelerated, according to a survey on Tuesday from the British Retail Consortium which warned price pressures are on the rise again. Overall shop prices fell by 0.1% in annual terms, as they did in April, the BRC said, as non-food prices declined …
UK shop prices ease in May but cost pressures are building, BRC says Read More »
STOCKHOLM (Reuters) -Swedish consumer confidence rose in May, increasing to 83.1 points from 81.6 points the previous month, data from the National Institute of Economic Research (NIER) showed on Tuesday. Overall sentiment, which includes industry, construction and retailers, was broadly unchanged at 93.6 points compared to 94.8 points the previous month. (Reporting by Simon Johnson …
Consumer confidence rises in May, NIER data shows Read More »
(Reuters) -Premier Inn owner Whitbread on Tuesday said it has appointed Christine Hodgson, the current chair of British water utility Severn Trent, as its new chair, effective September 1. Hodgson succeeds Adam Crozier who will step down as Whitbread chair after seven years. (Reporting by Anandita Mehrotra in Bengaluru; Editing by Eileen Soreng)
A look at the day ahead in European and global markets from Rae Wee Markets in Britain will likely return from the long weekend with a bang on Tuesday after Donald Trump’s backflip over his threatened 50% tariff on the European Union, although worries about his erratic policy shifts could make the lift short-lived. FTSE …
Morning Bid: Chaotic US trade shifts leave markets wary Read More »
By Marie Mannes and Anna Ringstrom STOCKHOLM (Reuters) -Volvo Cars will cut 3,000 mostly white-collar jobs as part of a restructuring announced last month as it grapples with high costs, a slowdown in electric vehicle demand and trade uncertainty, it said on Monday. The layoffs come as the Swedish automaker tries to resurrect its rock-bottom …
Volvo Cars to slash 3,000 jobs in white-collar cutback Read More »
