When a company tells its shareholders it expects to make €9bn of losses over the next five years that will more than wipe out all its provisions and equity, it would usually trigger an existential...
Credit Suisse provided an emergency $140mn loan to Greensill Capital based partly on invoices to companies who deny ever doing the business stated on the documents.Source: Financial Times
12/12/2022
Britain's main opposition Labour leader, Keir Starmer, pledged to business on Thursday his party would work in partnership with companies to spur economic growth, criticising the government for...
09/12/2022
European Central Bank Governing Council member Peter Kazimir signaled support for a third straight 75 basis-point interest-rate increase next week — even after inflation in the currency bloc cooled...
08/12/2022
On the day when Margrethe Vestager lost her latest state aid case before the EU courts, the competition and digital chief for the 27-nation bloc insisted that regulators were ready to strike back....
07/12/2022
Temperatures hovering near zero in coming days will test the resilience of France's power network, even as President Emmanuel Macron urged the French not to panic amid warnings of possible blackouts....
06/12/2022
EU countries cut gas demand by a quarter in November even as temperatures fell, in the latest evidence that the bloc is succeeding in reducing its reliance on Russian energy since Moscow’s invasion...
05/12/2022
The unemployment rate in the eurozone has fallen to a new record low of 6.5 per cent after the biggest drop in jobless numbers for almost a year.Source: Financial Times
02/12/2022
New data today showed inflation was 10 per cent in November, down from 10.6 per cent last month. The dip has fuelled speculation that the European Central Bank might slow its programme of interest...
01/12/2022
Germany's inflation cooled slightly in November, but remained near a record high, suggesting that while cost pressures have eased in Europe's largest economy they are unlikely to weaken the European...
30/11/2022