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Bulgaria will resubmit draft 2026 budget after protests

SOFIA (Reuters) -Bulgaria’s government will resubmit to parliament for approval its 2026 budget plan, the first drafted in euros before the country adopts the currency on January 1, the prime minister said late on Thursday, following protests in the capital Sofia. The aim is to allow more time for consultations with opposition parties, trade unions and …

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Factbox-Highlights of Germany’s 2026 budget

By Maria Martinez BERLIN (Reuters) -Germany’s parliament will pass the 2026 budget on Friday with soaring borrowing levels, marking a dramatic shift away from decades of fiscal discipline. Here are the highlights: THE KEY NUMBERS IN GERMANY’S 2026 CORE BUDGET The budget approved by Germany’s budget committee features total spending of 524.5 billion euros ($607.69 …

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Russian court awards EuroChem $2.19 billion in lawsuit against Italy’s Tecnimont

MOSCOW (Reuters) -A Russian court has awarded fertiliser producer EuroChem more than 171 billion roubles ($2.19 billion) in a lawsuit against Italian engineering firm Tecnimont and its subsidiary, the Russian unit of EuroChem said on Thursday. EuroChem North-West-2 had sought 202.7 billion roubles, claiming Tecnimont and its Russian unit failed to fulfil obligations to build …

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Unite Group flags lower 2026 earnings on weak student housing demand, shares slump (Nov 27)

(Corrects November 27 story to say Unite is grappling with slower growth, not a fall, in rental income in paragraph 1 and that it reported a drop in number of late-cycle Chinese postgraduate tenants, not overall number of students in paragraph 3) (Reuters) -Britain’s Unite Group warned of lower earnings in 2026 on Thursday, as …

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Spain October retail sales rise 3.8% y/y

(Reuters) -Spanish retail sales rose 3.8% in October from a year earlier on a calendar-adjusted basis and excluding the effects of inflation, after falling from a revised 4.1% in September, the National Statistics Institute (INE) said on Friday. The September figure was revised down from a preliminary increase of 4.2%, INE said. (Reporting by Tiago …

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UK’s Mitchells & Butlers beats profit view, posts robust start to new year

(Reuters) -British pub and restaurant operator Mitchells & Butlers reported annual profit above expectations on Friday, helped by tighter cost control and robust demand for food and drinks, which also bolstered sales in the new fiscal year. The company has been relying on price increases and cost cuts to boost margins and refurbishing venues to …

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Sabadell’s David Martinez steps down from board after failed BBVA bid

MADRID (Reuters) – David Martinez, the third-largest shareholder at Sabadell with a 3.86% stake, stepped down from the Spanish bank’s board, the lender said on Thursday evening. CONTEXT In September, Martinez accepted BBVA’s improved hostile takeover for smaller lender Sabadell which in the end failed as it was just accepted by those holding 25.47% of …

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Spain’s 12-month EU-harmonised inflation falls to 3.1% in November

(Reuters) -Spain’s European Union-harmonised 12-month inflation rate fell to 3.1% in November, from 3.2% in the period through October, preliminary data from the National Statistics Institute (INE) showed on Friday. The 12-month EU-harmonised inflation was above the 2.9% expected by analysts polled by Reuters. Core inflation, which strips out volatile fresh food and energy prices, …

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French economic growth confirmed at 0.5% in third quarter – INSEE

(Reuters) -France’s economy grew in the third quarter, final data from statistics office INSEE showed on Friday, confirming the preliminary reading of 0.5% that showed resilience in the euro zone’s second-largest economy. The result was in line with an average forecast of 0.5% in a Reuters poll of 25 economists. Exports grew to 3.2% after …

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Swedish GDP grew 1.1% in the third quarter, final data shows

STOCKHOLM (Reuters) -Sweden’s gross domestic product grew 1.1% in the third quarter of 2025 from the previous three month period and grew 2.6% compared to the same quarter a year earlier, final figures from the Statistics Office showed on Friday. “The economic upturn was broad-based with contributions from exports, gross fixed capital formation and household …

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