Euro zone business growth slumped in June as price hikes bite

Euro zone business growth slumped in June as price hikes bite

A shopping cart is pushed down the aisle in this photo illustration taken at Mercator shopping mall in Ljubljana, January 28, 2014. REUTERS / Srdjan Zivulovic Register now for FREE unlimited access to Reuters.com Register LONDON, June 23 (Reuters) – Eurozone business growth has slowed significantly this month – and by much more than expected … Read more

European stocks skid on gloomy business activity data, commodity weakness

European stocks skid on gloomy business activity data, commodity weakness

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 22, 2022. REUTERS / Staff Register now for FREE unlimited access to Reuters.com Register STOXX 600 on pace to confirm bear market European miners at six-month lows Aroundtown slumps after JPMorgan downgrade Norway central bank hikes by 50 … Read more

French June business activity was weaker than forecast -flash PMI

French June business activity was weaker than forecast -flash PMI

People walk through the financial and business district of La Defense in Puteaux near Paris, France, October 23, 2021. REUTERS / Sarah Meyssonnier Register now for FREE unlimited access to Reuters.com Register PARIS, June 23 (Reuters) – French business activity has grown less quickly than expected in June, a preliminary monthly survey by S&P Global … Read more

Fed’s Bullard: I hope US economy repeats outcome of 1994’s soft landing

St. Louis Federal Reserve Bank President James Bullard speaks at a public lecture in Singapore October 8, 2018. REUTERS / Edgar Su / File Photo Register now for FREE unlimited access to Reuters.com Register June 20 (Reuters) – The US Federal Reserve could raise interest rates swiftly this year and forge a “stellar” economy ahead … Read more

Norway oil sector union leader says wage deal is ‘good enough’

Equinor’s Johan Sverdrup oilfield platforms and accommodation jack-up rig Haven are pictured in the North Sea, Norway December 3, 2019. REUTERS / Ints Kalnins Register now for FREE unlimited access to Reuters.com Register OSLO, June 17 (Reuters) – The leader of a union representing Norwegian oil workers said she would recommend to members a wage … Read more

Tesla cuts job openings since Elon Musk’s economic warning

A Tesla service and sales center is shown in Vista, California, US, June 3, 2022. REUTERS/Mike Blake Register now for FREE unlimited access to Reuters.com Register SAN FRANCISCO, June 16 (Reuters) – Tesla (TSLA.O) has cut job postings by 14% since Chief Executive Elon Musk warned he was worried about the economy, needed to reduce … Read more

Porsche to pay $ 80 million to resolve fuel economy claims on US vehicles

June 16 (Reuters) – Volkswagen AG (VOWG_p.DE) and its Porsche AG unit have agreed to a class-action settlement worth at least $ 80 million to resolve claims it skewed emissions and fuel economy data on 500,000 Porsche vehicles in the United States, court documents show. The settlement, filed in US District Court in San Francisco, … Read more

Euro zone finance ministers fail to choose new head of bailout fund

European Commission Director-General for Economic and Financial Affairs (ECFIN) Marco Buti speaks during a news conference in London July 23, 2010. REUTERS/Stefan Wermuth/File Photo Register now for FREE unlimited access to Reuters.com Register LUXEMBOURG, June 16 (Reuters) – Euro zone finance ministers decided on Thursday to delay a vote to replace the outgoing head of … Read more

Analysis: Why us? Italy seeks way out of low-wage economy trap

Italy is the only European country where wages have fallen since 1990 Tried to compete with Asia by cutting costs Most new jobs on temporary, low paid contracts Country has no minimum wage ROME, June 16 (Reuters) – Diana Parini left her waitressing job at an Italian Alpine resort last month because she was fed … Read more

The ECB to discuss the market route in an unscheduled meeting

The European Central Bank (ECB) logo in Frankfurt, Germany, January 23, 2020. REUTERS / Ralph Orlowski / File Photo Register now for FREE unlimited access to Reuters.com Register FRANKFURT, June 15 (Reuters) – The European Central Bank’s rate-setting Governing Council will hold an unscheduled meeting on Wednesday morning to discuss the recent sell-off in government … Read more