(Reuters) – German retail sales rose more than expected in May from the previous month, data showed on Friday, though analysts said the surprise rise does not indicate a change in depressed spending. The Federal Statistics Office said retail sales were up 0.4% month-on-month in real terms, beating expectations by analysts polled by Reuters that…
By Kirsty Needham SYDNEY (Reuters) – Australian and European Union trade ministers spoke on Thursday evening, a source familiar with the matter told Reuters, as optimism builds that sticking points over a free trade agreement (FTA) can be overcome with more negotiation. A trade deal with the EU, a market of around 450 million consumers,…
By Marc Jones LONDON (Reuters) – The first six months of 2023 have been eventful for financial markets – from an artificial intelligence (AI) inspired tech stock surge, commodity market capitulations, cryptocurrency comebacks to the worst banking crash since Lehman Brothers. Linking it all has been the relentless rise in interest rates, which was exactly…
By Andrew Gray and Julia Payne BRUSSELS (Reuters) -European Union leaders declared on Thursday they would make long-term commitments to bolster Ukraine’s security as President Volodymyr Zelenskiy urged them to start work on a new round of sanctions against Russia. At a summit in Brussels, the leaders restated their condemnation of Russia’s war against Ukraine…
By Jose Luis Gonzalez and Steve Gorman TRUTH OR CONSEQUENCES, New Mexico (Reuters) -A three-man crew from Italy soared more than 50 miles (80 km) above the New Mexico desert on Thursday aboard a Virgin Galactic rocket plane, the company’s first flight of paying customers to the edge of space since British billionaire Richard Branson…
By Yoruk Bahceli AMSTERDAM (Reuters) – An overhaul of the private pensions system in the Netherlands – the biggest in the European Union – is leading asset managers there to rethink how they invest 1.5 trillion euros ($1.64 trillion) of retirement savings. Asset managers for top Dutch pension funds said the reform, which takes effect…
A look at the day ahead in European and global markets from Ankur Banerjee After German inflation bucked the trend and rose more than expected in June, the spotlight will firmly be on euro zone and French inflation reports, with investors wondering if the German data was just a blip or something worse. Economists polled…
WASHINGTON (Reuters) – Human Rights Watch (HRW) said on Friday that it uncovered new evidence of the indiscriminate use by Ukrainian forces of banned anti-personnel landmines against Russian troops who invaded Ukraine in 2022. The group called on Ukraine’s government to follow through with a commitment made earlier this month not to employ such weapons,…
By Andy Bruce LONDON (Reuters) – Major British lenders on Thursday announced another increase in mortgage rates offered via brokers, pushing many products above the 6% mark in painful news for many homeowners and potential buyers. Lenders have re-priced home loan offerings repeatedly in recent weeks in a scramble to keep up with soaring funding…
By Layli Foroudi and Noemie Olive NANTERRE, France (Reuters) -France saw unrest spread to major cities in a third night of riots on Thursday as President Emmanuel Macron fought to contain a mounting crisis triggered by the deadly police shooting of a teenager of Algerian and Moroccan descent during a traffic stop. Forty thousand police…
