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Vonovia shares drop as $7 billion loss lays bare German property crisis
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Nissan and Honda consider partnership on EVs, AI
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Oil prices rise as revised IEA forecasts suggest tighter market
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Shell weakens climate targets with growing bet on gas
Dollar ticks up before US data, bitcoin hits record high
Date: March 14, 2024
Dollar ticks up before US data, bitcoin hits record high By Harry Robertson LONDON (Reuters) -The dollar inched higher on Thursday as investors waited for U.S. economic data, while bitcoin rose to a record high above $73,800. The dollar index, which gauges the currency against six major peers, rose 0.1% to 102.83. It has largely...
Bank of England to start cutting in Q3 but strong chance of Q2 move: Reuters poll
Date: March 14, 2024
Bank of England to start cutting in Q3 but strong chance of Q2 move: Reuters poll By Jonathan Cable LONDON (Reuters) – The Bank of England will start cutting borrowing costs in the third quarter although 40% of economists saw an earlier trim, according to a Reuters poll which showed it was more likely the...
Croatia’s tourist pearl Dubrovnik seeks to reclaim city for locals
Date: March 14, 2024
Croatia’s tourist pearl Dubrovnik seeks to reclaim city for locals By Antonio Bronic DUBROVNIK, Croatia (Reuters) – Croatia’s historic city of Dubrovnik aims to lure back locals priced out by high tourist prices with a plan next month that includes banning new private rental permits, following the example of other popular destinations across Europe. Dubrovnik,...
Rheinmetall hails ‘new decade’ as defence spending drives up sales
Date: March 14, 2024
Rheinmetall hails ‘new decade’ as defence spending drives up sales By Rachel More BERLIN (Reuters) -German arms manufacturer Rheinmetall said on Thursday it expected record sales and increased profitability this year, as the war in Ukraine drives up defence spending in the NATO bloc, in a trend set to buoy the company for years to...
UBS’s rescue of Credit Suisse has created new risks for Switzerland, OECD says
Date: March 14, 2024
UBS’s rescue of Credit Suisse has created new risks for Switzerland, OECD says ZURICH (Reuters) – UBS’s rescue takeover of Credit Suisse a year ago has created “new risks and challenges” for the Swiss economy, the Organisation for Economic Cooperation and Development said on Thursday, the latest international forum to raise concerns about the deal....
EU parliament to extend new medicine data protection to 7.5 years, document says
Date: March 14, 2024
EU parliament to extend new medicine data protection to 7.5 years, document says By Julia Payne BRUSSELS (Reuters) – EU lawmakers have gone part of the way to meeting pharmaceutical industry concerns about the exclusivity period for new medicines after reaching a compromise on the biggest overhaul of EU pharmaceutical rules in 20 years, a...