By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) – The European Central Bank raised interest rates by 25 basis points to 3.25% as expected on Thursday and signalled more tightening to come as it fights inflation, but slowed the pace of its moves as a peak in rates comes within sight. The central bank for …
ECB slows rate hike pace but signals more to come Read More »
CHISINAU (Reuters) – Moldova will close its airspace to civilian aircraft on June 1 for safety reasons while hosting a summit of European leaders, its civil aviation authority said on Thursday. Moldova expects up to 47 heads of state, government and European Union institutions to attend the summit of the European Political Community (EPC), which …
Moldova to close airspace for June 1 European leaders summit Read More »
By Giuseppe Fonte ROME (Reuters) – Italy’s Treasury aims to limit the annual pay and golden handshakes of top bosses in listed state-controlled firms, a draft proposal seen by Reuters showed on Thursday. Prime Minister Giorgia Meloni’s right-wing government plans to include the commitment in broader legislation on welfare and labour measures approved this week, …
Italy pushes to limit executive pay in listed state-run firms Read More »
BRUSSELS (Reuters) – Microsoft has offered to set a price differential for its Office product with and without its Teams app to stave off a possible EU antitrust investigation and fine, two people familiar with the matter said. The European Commission, which has been looking into the case following a complaint by Slack in 2020, …
Microsoft offers to charge for Teams to address EU antitrust concerns, sources say Read More »
BERLIN (Reuters) – Inflation has passed its peak in Germany as energy prices have eased, German Economy Minister Robert Habeck said on Thursday, adding that the downward trend is expected to continue. Energy prices have eased from a 23% increase in January to a 19% rise in February and a 3.5% rise in March. “That …
Inflation has passed its peak in Germany as energy prices ease – Econ Min Read More »
BERLIN (Reuters) – Former Chancellor Gerhard Schroeder, derided by many Germans for his friendship with Russian President Vladimir Putin, on Thursday lost his legal bid to keep a government-funded office after being stripped of it last year. Schroeder, 79, had filed a lawsuit against a decision by the budget committee of the Bundestag lower house …
Germany’s former chancellor Schroeder loses case to get Bundestag office back Read More »
By Dan Williams JERUSALEM (Reuters) – An Israeli-designed missile detection system that would give Ukrainians more time to take shelter from Russian missile attacks is being tested in Kyiv and may be activated within two months, Ukraine’s ambassador to Israel said on Thursday. Israel, which has been honing its own air defences since coming under …
Ukraine hopes to protect Kyiv with Israeli alert system by summer Read More »
KYIV (Reuters) – Ukrainian anti-corruption prosecutors said on Thursday that Odesa mayor Hennadii Trukhanov had been detained in connection with an investigation into suspected corruption. Trukhanov was elected mayor of the Black Sea port city in 2014 and has been under investigation since 2017 over embezzlement allegations which he has denied. The prosecutors said on …
Ukrainian anti-corruption prosecutors detain Odesa mayor Read More »
By Philip Blenkinsop BRUSSELS (Reuters) -Anheuser-Busch InBev, the world’s largest brewer, reported higher than expected first-quarter earnings on Thursday as sharp price increases failed to put customers off. The Belgium-based company, which makes around a quarter of all beer drunk globally, said its results confirmed the resilience of the beer market in the face of …
Bud maker’s profit jumps as customers absorb higher prices Read More »
MILAN (Reuters) – Italy’s OTB said on Thursday it acquired a majority stake in leather goods manufacturer Frassineti, long-term supplier of the Jil Sander brand that the fashion group owns. In the last few years a growing number of luxury groups have invested in companies that are part of their supply chain to preserve valuable …
Italy’s fashion group OTB buys leather manufacturer Frassineti Read More »
