By Maria Martinez BERLIN (Reuters) -The new German government does not expect the European Union’s debt rules to put the brakes on the country’s planned spending spree, German Finance Minister Lars Klingbeil said on Monday. “I am very optimistic and confident that we will be able to find a common path with the commission,” Klingbeil …
Germany can boost spending despite EU fiscal rules, finance minister says Read More »
MOSCOW (Reuters) -Russia’s central bank sees oil prices stabilizing at $60 per barrel going forward as it expects global demand to rebound as trade restrictions ease, the bank said in minutes of its April 25 board meeting, published on Monday. The central bank kept its key interest rate on hold at 21% at the meeting …
Russian central bank sees oil prices stabilizing at $60 per barrel Read More »
By Medha Singh (Reuters) -The pound slumped against a stronger dollar on Monday but firmed against the euro and yen as the United States and China temporarily cut reciprocal tariffs following negotiations over the weekend. The U.S. and China agreed to temporarily slash tariffs in a deal that surpassed expectations as the de-escalation in the …
Sterling falls against dollar, firms versus euro, yen after US-China tariff deal Read More »
FRANKFURT (Reuters) -Bayer said on Monday it would shrink the Crop Science division’s production, research and development activities in Germany, citing pressure from cheap generic products, stricter regulation and export barriers. “These steps are urgently needed to counteract the significant overcapacity and a hopeless price competition with generics manufacturers from Asia,” the company said in …
Bayer scales back German agriculture activities amid Asian competition Read More »
By Abigail Summerville NEW YORK (Reuters) -Danone said on Monday it has agreed to buy a majority stake in Kate Farms, a U.S. maker of plant-based organic drinks that will fit into the French food giant’s specialized nutrition portfolio. Santa Barbara, California-based Kate Farms makes formulas and shakes for everyday needs as well as for …
Danone plans to acquire U.S. plant-based organic formula maker Kate Farms Read More »
FRANKFURT (Reuters) – Ford workers at the U.S. automaker’s two plants in Cologne, Germany, will go on strike on Wednesday, their works council head said on Monday, as tensions rise over planned job cuts across its European operations. Ford said in November last year it would cut around 14% of its European workforce, mostly in …
Ford’s German workers to strike as tensions rise over planned cuts Read More »
By Paul Sandle LONDON (Reuters) -Britain’s Virgin Media O2 said it was creating a new business-to-business company by combining its enterprise unit with IT and telecoms provider Daisy Group, with the aim of offering more products and services to customers ranging from single traders to large public and private groups. The new company will be …
UK’s Virgin Media O2 targets enterprise growth with Daisy deal Read More »
ROME (Reuters) -Automaker Stellantis aims to start producing the hybrid version of its Fiat 500 city car in November, it said on Monday. The model, built at the historic Mirafiori plant in Turin, is meant to revitalise the Fiat brand in Europe as well as to boost flagging production levels in Italy. Assembly of the …
Stellantis eyes November for start of hybrid Fiat 500 production Read More »
(Reuters) -British semiconductor company Alphawave IP Group on Monday said the UK takeover panel had extended the deadline for a takeover offer by U.S. chipmaker Qualcomm to May 27. The deadline to make an offer was previously extended to May 12, on Monday, Alphawave said both parties remained in talks and had consented to extend …
UK takeover panel gives Qualcomm till May 27 to make a bid for Alphawave Read More »
(Reuters) -Fincantieri reported a 53.5% rise in first-quarter core profit to 154 million euros ($170.72 million) driven by strong performance across all segments, particularly in shipbuilding, and increased revenues in the defence business. Revenues jumped to 2.38 billion euros, up 35% from the same period in 2024, and Fincantieri’s total backlog amounted to 57.6 billion …
Italy’s Fincantieri Q1 core profit jumps 53.5%, confirms 2025 forecasts Read More »
