ROME (Reuters) – The European Commission will forecast Germany’s economic growth this year at 0.2%, while projecting a 1.2% rate for Italy, Italian daily La Stampa reported on Monday, citing Brussels-based sources. The Commission will issue its spring forecasts at 0900 GMT on Monday. The 0.2% rise in gross domestic product forecast for Germany would…
BERLIN (Reuters) – Germany’s wholesale price index fell slightly in April compared to the same month last year, the first year-on-year drop since December 2020, according to data released on Monday. Wholesale prices fell by 0.5% on the year and 0.4% on the previous month, compared to March readings of 2.0% and 0.2%, the federal…
(Reuters) – The U.S. cryptocurrency enforcement tsar has said that the country was stepping up scrutiny of crypto exchanges to target illicit behavior on the platforms, the Financial Times reported on Monday. The Department of Justice (DOJ) is targeting crypto companies that engage in crimes themselves or allow crimes like money laundering to happen, Eun…
By Angeliki Koutantou and Lefteris Papadimas ATHENS (Reuters) – Fourteen years after a debt crisis that saw Greece nearly crash out of the euro, single parent Niki Klaoudatou says she worries more about money now than she did during the worst years of the country’s economic meltdown. Ahead of an election on May 21, a…
By Orhan Coskun, Ece Toksabay and Ali Kucukgocmen ANKARA (Reuters) -Turkey headed for a runoff vote after President Tayyip Erdogan led over his opposition rival Kemal Kilicdaroglu in Sunday’s election but fell short of an outright majority to extend his 20-year rule of the NATO-member country. Neither Erdogan nor Kilicdaroglu cleared the 50% threshold needed…
A look at the day ahead in European and global markets from Kevin Buckland. Politics has the spotlight at the start of a new week, falling chiefly – still – on the U.S. debt ceiling standoff. Talks between President Joe Biden and lawmakers look likely to resume on Tuesday, after getting postponed on Friday. Despite…
(Reuters) – Belarusian President Alexander Lukashenko, who has not been seen in public since Tuesday, did not appear on Sunday at a ceremony in the capital, Minsk, triggering speculation that the veteran leader is seriously ill. The BelTA state news agency reported that Prime Minister Roman Golovchenko read a message from Lukashenko during an annual…
By Laura Sanicola NEW YORK (Reuters) – Oil prices settled more than 1% lower on Friday, falling for the fourth consecutive week, as the market balanced supply fears against renewed economic concerns in the United States and China. Brent crude futures settled down 81 cents, or 1.1%, to $74.17 while West Texas Intermediate (WTI) U.S….
(Reuters) – U.S. fighter jets intercepted six Russian aircraft operating in international airspace near Alaska, the North American Aerospace Defense Command (NORAD) said on Sunday. The Russian planes included TU-95 bombers, IL-78 tankers and SU-35 fighter jets, NORAD said in a written statement. NORAD described the interception as “routine” and said they happen roughly six…
By Trevor Hunnicutt and Andreas Rinke WASHINGTON/BERLIN (Reuters) – Leaders of the Group of Seven (G7) nations plan to tighten sanctions on Russia at their summit in Japan this week, with steps aimed at energy and exports aiding Moscow’s war effort, said officials with direct knowledge of the discussions. New measures announced by the leaders…
