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BERLIN (Reuters) -Germany wants to boost the state loans available to struggling energy companies by drawing on credit authorisations already created for a relief fund during the COVID-19 pandemic, the Finance Ministry said on Tuesday. Some 67 billion euros ($67.94 billion) in credit authorisations are to be transferred from the WSF economic stabilisation fund to …

Germany to step up state bank credit for struggling energy firms Read More »

BERLIN (Reuters) – Germany’s outlook has “dramatically worsened” and the economy could stagnate or contract in the second half of the year, an economy ministry report said on Tuesday. A rising number of companies are going insolvent but there is no “insolvency wave” as such, the report said, adding that Germany’s labour market has defied …

German economy could contract in H2 – economy ministry report Read More »

MADRID (Reuters) -Spanish consumer prices rose 10.5% year-on-year in August, slightly higher than the flash estimate released last month but down from 10.8% during the period through July, final data released by the National Statistics Institute showed on Tuesday. Analysts polled by Reuters had seen 12-month inflation to August at 10.4%. Although inflation has softened …

Spain August final 12-month inflation at 10.5% Read More »

By Dave Graham MEXICO CITY (Reuters) -Mexico’s President Andres Manuel Lopez Obrador on Monday struck a conciliatory note on a major dispute with the United States over Mexican energy policy, saying Washington had adopted a “different tone” and respectful attitude toward his position. He spoke on the same day senior U.S. officials led by Secretary …

Mexican president welcomes U.S. ‘tone’ on energy dispute as Blinken visits Read More »

(Reuters) – A look at the day ahead in Asian markets from Jamie McGeever Investors get the latest U.S. inflation figures on Tuesday, which will set the seal – or not – on a third consecutive 75 basis point rate hike from the Fed, and set the tone for global markets for the next several …

U.S. inflation day Read More »

PARIS (Reuters) -France is still targeting a public deficit of 5% despite increased spending to protect households from rising inflation, finance and economy minister Bruno Le Maire said on Monday. “We need to make firm decisions to meet the 5% deficit target in 2023,” Le Maire told LCI television, when asked whether the target was …

France to meet 2023 deficit target despite increased spending, says Le Maire Read More »

By Katharine Jackson WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen on Sunday said Americans could experience a spike in gas prices in the winter when the European Union significantly cuts back on buying Russian oil, adding that a proposed Western price cap on Russia’s oil exports is being designed to keep prices in check. “It’s …

U.S. Treasury’s Yellen says oil prices could spike in winter Read More »

(Reuters) – The United Arab Emirates’ tourism revenues were 19 billion dirhams ($5.17 billion) in the first half of 2022, its vice president said on Sunday in a tweet. Numbers of hotel guests rose 42% year on year to 12 million, and the expectations is for “a strong tourism recovery in the upcoming winter season” …

UAE H1 tourism revenues top $5 billion – vice president Read More »

ATHENS (Reuters) – Greek Prime Minister Kyriakos Mitsotakis said on Saturday the minimum wage would rise again next year and pensions would be increased for the first time since the financial crisis erupted more than a decade ago. During his annual economic policy speech from the northern city of Thessaloniki, Mitsotakis said about 1.5 million …

Greek PM says pensions to rise for first time in more than a decade Read More »