OSLO (Reuters) -Norway’s Labour Party government plans to spend more than originally planned from the country’s sovereign wealth fund in 2025 to pay for increased support to Ukraine and other priorities, it said in a proposal to parliament on Thursday. Cash spending from the $1.8 trillion sovereign wealth fund is now expected to reach 542.4 …
Norway to raise 2025 wealth fund spending to $52 billion Read More »
ZURICH (Reuters) – Siemens Chief Executive Roland Busch has high hopes of the new German government, he said on Thursday, but called on Chancellor Friedrich Merz to “act responsibly in these difficult times”. The government should do everything it can to promote growth, as well as defend democracy, Busch told reporters after Siemens reported its …
Siemens CEO calls on German government to support growth Read More »
GDANSK (Reuters) -Polish supermarket chain Eurocash reported on Thursday a 7.6% year-on-year decline in consolidated sales to 6.87 billion zlotys ($1.82 billion) in the first quarter of 2025, attributing the drop to the country’s economic slowdown, reduced consumer purchasing power, and rising operational costs. WHY IT’S IMPORTANT Eurocash is Poland’s third-largest supermarket chain. As of …
Poland’s Eurocash Q1 sales drop 7% amid economic slowdown, inflation pressures Read More »
(Reuters) -German wholesale prices rose by 0.8% in April compared with the same month last year, according to data released by the federal statistics office on Thursday. The office offers more detailed economic data on its website. (Reporting by Amir Orusov and Tristan Veyet, Editing by Rachel More)
(Reuters) -European broadcaster RTL Group reported declining revenue for the first quarter of 2025 on Thursday, as it generated less from content production unit Fremantle and TV advertising. The company, majority-owned by German media group Bertelsmann, said its quarterly revenue fell 2% year-on-year to 1.29 billion euros ($1.44 billion). RTL confirmed its outlook for 2025, …
FRANKFURT (Reuters) – Germany’s largest utility RWE on Thursday said first-quarter core earnings (adjusted EBITDA) fell by nearly a quarter, hurt by a weak commodity trading business as well as poor wind conditions that weighed on the group’s offshore business. First-quarter adjusted EBITDA came in at 1.307 billion euros ($1.46 billion), RWE said, also below …
RWE posts Q1 profit decline on weak trading, poor winds Read More »
NICOSIA (Reuters) -Cyprus wants to postpone or limit new carbon taxes this year to avert a double hit to consumers from tariffs on water and fuel, President Nikos Christodoulides told television station Omega TV in an interview. The new levies on water and fuel bills are expected as part of a so-called Recovery and Resilience …
Cyprus rethinks EU green taxes to avoid double whammy on water, fuel Read More »
FRANKFURT (Reuters) – Germany’s Allianz on Thursday posted a worse-than-expected 2.1% fall in first-quarter net profit but confirmed its target for the full year. Net profit attributable to shareholders of 2.423 billion euros ($2.71 billion) in the three months through March compares with profit of 2.475 billion euros a year earlier. The figure fell short …
Allianz posts 2.1% fall in Q1 net profit but confirms 2025 target Read More »
By Samuel Indyk and Danilo Masoni LONDON (Reuters) -Europe Inc has weathered the turbulence sparked by U.S. President Donald Trump’s tariff policies to deliver resilient first-quarter earnings, but in spite of the newly-minted trade truce, investors still face a fog of uncertainty. According to LSEG I/B/E/S, first quarter earnings are expected to have increased 1.9% …
Trump’s tariff fog clouds outlook for Europe Inc after robust first quarter Read More »
A look at the day ahead in European and global markets from Rae Wee The euphoria from this week’s mix of market tailwinds appears to have run its course, with investors left searching for the next catalyst. That could come later in the day from U.S. retail sales and Walmart’s earnings. Asian stocks drifted and …
