(Reuters) -German retail sales fell unexpectedly in October, decreasing by 0.3% compared with the previous month, data showed on Friday. Analysts polled by Reuters had predicted a 0.2% increase. The federal statistics office publishes more details on its website. (Reporting by Tristan Veyet in Gdansk, editing by Miranda Murray)
MOSCOW (Reuters) -Russia’s second-largest lender VTB on Friday reported a 0.6% year-on-year increase in net profit for January-October 2025, to 407.2 billion roubles ($5.20 billion). In October, VTB’s net profit fell by 11.1% from a year earlier to 26.4 billion roubles. ($1 = 78.2455 roubles) (Reporting by Oksana Kobzeva)
PARIS (Reuters) -The French government will continue to oppose plans to nationalise the French sites of steelmaker ArcelorMittal, whose workers face the risk of job cuts due to tough market conditions in the industry, it said on Friday. Finance Minister Roland Lescure reiterated in a statement the government’s aim to avoid any nationalisation after the …
France keeps up opposition to nationalising ArcelorMittal sites Read More »
A look at the day ahead in European and global markets from Ankur Banerjee On perhaps the slowest trading day of the year, investors are dealing with an outage on CME Group platform affecting currencies, commodities and equities futures, spicing up what has so far been a tepid session. While traders are able to execute …
By Ariane Luthi ZURICH (Reuters) -Switzerland will vote on a proposed wealth tax on Sunday that will be a litmus test of appetite for wealth redistribution in one of the world’s richest countries. The proposal from the youth wing of the leftist Social Democrats, or JUSOs, is for a 50% tax to be levied on …
Swiss wealth tax proposal to test public appetite for redistribution Read More »
(Reuters) -Britain’s car production fell 23.8% to 59,010 units in October as the sector continued to feel the impact of an unprecedented cyberattack at Jaguar Land Rover, the country’s largest automaker, industry data showed on Friday. The British luxury carmaker, owned by Tata Motors, resumed production in early October, after shutting down systems to contain …
UK’s October car output falls 24% as impact from JLR cyberattack lingers Read More »
By Philip Blenkinsop BRUSSELS (Reuters) -The European Commission should resist automakers’ calls to allow cars to run on biofuels beyond 2035 because they are in short supply and not truly carbon-neutral, campaign group T&E said on Thursday. New vehicles in the European Union must have no carbon dioxide emissions from 2035 under rules designed to …
EU should reject automakers’ biofuel plea, says campaign group Read More »
FRANKFURT (Reuters) -German drone maker Quantum Systems has raised an additional 180 million euros ($208.67 million) in a new funding round, tripling its valuation to more than 3 billion euros, the company said on Thursday. The startup, whose new drone Jaeger is designed to intercept hostile unmanned aircraft, has seen demand surge following recent drone …
German drone maker Quantum Systems triples valuation after new funding round Read More »
By Valentina Za and Alvise Armellini MILAN (Reuters) -Italy’s Monte dei Paschi di Siena (MPS) and its top two shareholders are facing an investigation in Milan in relation to the Tuscan bank’s takeover of Mediobanca, two judicial sources told Reuters on Thursday. MPS, which has been led by Luigi Lovaglio since early 2022, confirmed it …
Italy’s MPS bank faces investigation over Mediobanca takeover Read More »
By Giulia Segreti ROME (Reuters) -Italy’s defence and aerospace group Leonardo on Thursday presented plans for a new multi-layered air defence system, as European countries step up military capabilities to bolster defences against Russia and other threats. The “Michelangelo Dome” is designed to protect critical infrastructure and key areas of national or international interest from …
Italian defence group Leonardo unveils ‘Michelangelo Dome’ air defence system Read More »
