(Reuters) -Euro zone consumer confidence rose by 1.4 points in May from the April number, figures released on Tuesday showed. The European Commission said a flash estimate showed euro zone consumer morale improved to -15.2 this month from a revised -16.6 in April. Economists polled by Reuters had expected a rise to -16.0. In the …
Euro zone consumer confidence rises to -15.2 in May Read More »
By Olga Popova and Gleb Bryanski MOSCOW (Reuters) -High temperatures and a lack of rain over the coming months are expected to deplete the harvest in Russia’s largest grain region Rostov, the head of the local grain lobby group said after a farming emergency was declared. Rostov Governor Yuri Slyusar issued a decree on May …
Weather set to hit harvest in Russia’s largest grain region Read More »
MILAN (Reuters) -Italian police said on Tuesday they arrested a Chinese national for alleged labour exploitation and shut down a workshop in the Milan area producing items for the fashion industry. Checks are currently under way on the branded clothing products found in the workshop, police said, without disclosing which brands were involved. The announcement …
Italy arrests Chinese workshop owner over labour exploitation in fashion supply chain Read More »
(Reuters) -German vaccine maker BioNTech said on Tuesday that it plans to expand its investment in the United Kingdom by up to 1 billion pounds ($1.33 billion) over the next ten years to broaden its research and development activities. The company said its subsidiary BioNTech UK signed a grant agreement with the UK government that …
BioNTech expands UK partnership with up to $1.33 billion investment Read More »
By Anant Chandak BENGALURU (Reuters) – Britain’s economy will grow a bit faster this year than thought a month ago, a Reuters poll of economists predicted, partly due to unexpectedly strong growth in the first quarter that was not expected to persist. Sentiment has improved following a basic trade deal with the United States, which …
UK economy to grow 1.0% in 2025; sentiment improves slightly: Reuters poll Read More »
MILAN (Reuters) -French automaker Renault is willing to supply technology to other carmakers to help increase the total output of vehicles with shared features that make them cheaper to manufacture, CEO Luca De Meo said on Tuesday. De Meo, an Italian national, told a parliamentary hearing in Rome that Renault was not discouraged by its …
Renault still open to supply technology to rivals to make cars cheaper, CEO says Read More »
By Tristan Veyet (Reuters) -Swiss Life expects real estate fair value changes to boost 2025 results, driven by its Swiss property portfolio, finance chief Marco Gerussi said in a call following the insurer’s quarterly trading update. Switzerland’s largest life insurance provider and a major owner of real estate in Europe said that fair value of …
Swiss Life says improved real estate values will boost results in 2025 Read More »
By Lucy Raitano (Reuters) -The pound held steady against the dollar on Tuesday but stayed close to a near three-week high hit on Monday after Britain agreed a major trade and defence reset with the European Union. At 1138 GMT, the pound was flat against the dollar at $1.33640, having earlier risen around 0.25%. The …
Sterling steady against dollar, traders digest UK-EU reset deal Read More »
MILAN (Reuters) -Italian electricity bills will include additional costs due to be imposed on utilities to secure licence extensions, Italy’s largest power provider, Enel, said on Tuesday. The government last year extended electricity distribution licences, which were due to expire in 2030, by up to 20 years, but in return asked utilities to make a …
Italian electricity bills to include additional costs for licences, Enel says Read More »
By Christian Kraemer BERLIN (Reuters) -Ongoing trade disputes with the United States should be resolved as quickly as possible for the benefit of all, German Finance Minister Lars Klingbeil said on Tuesday, ahead of meeting his counterparts from other Group of Seven countries. “Tariffs and uncertainties are a burden on our economy and therefore also …
Trade disputes should be resolved as quickly as possible, Germany says ahead of G7 Read More »
