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EU delays deforestation ban but discards changes
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Dutch airline KLM urges government to rethink Schiphol flight cap
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Fall of government leaves France without clear path on cutting deficit -S&P
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DS Smith flags persisting weak demand after H1 profit fall
French debt risk premium falls after government collapses
Date: December 5, 2024
By Stefano Rebaudo (Reuters) – The risk premium investors demand to hold French debt rather than German Bunds dropped from its highest levels in over 12 years on Thursday after the widely expected collapse of the French government. Far-right and left-wing lawmakers joined forces early this week to back a no-confidence motion against Prime Minister...
Prime Minister Barnier to resign as France’s political crisis deepens
Date: December 5, 2024
By Bertrand Boucey and Sudip Kar-Gupta PARIS (Reuters) -French Prime Minister Michel Barnier will resign on Thursday after far-right and leftist lawmakers voted to topple his government, plunging the euro zone’s second-largest economy deeper into political crisis. Barnier, a veteran politician who was formerly the European Union’s Brexit negotiator, will be the shortest-serving prime minister...
German industrial orders fall 1.5% in October
Date: December 5, 2024
(Reuters) – German industrial orders fell in October, declining by 1.5% on the previous month on a seasonally and calendar adjusted basis, the federal statistics office said on Thursday. A Reuters poll of analysts had pointed to a fall of 2.0%. The statistics office publishes more economic data on its website. (Reporting by Elizaveta...
Analysis-China automakers pivot to hybrids for Europe to counter EV tariffs
Date: December 5, 2024
SHANGHAI (Reuters) – Automakers in China are ramping up exports of hybrid vehicles to Europe and planning more models for the key market, exposing the limits of the European Union’s electric vehicle tariff scheme. The bloc’s latest EV tariffs to protect its auto industry from a flood of cheap Chinese imports do not apply to...
Prosecutors open investigation into South Korean president over martial law, Yonhap reports
Date: December 5, 2024
SEOUL (Reuters) – South Korean prosecutors have opened an investigation into President Yoon Suk Yeol, his interior minister, and the now-former defence minister over their roles in an attempt to impose martial law, Yonhap news agency reported on Thursday. Kim Yong-hyun, who resigned as South Korean defence minister over his involvement in Tuesday’s martial law...
UK and Qatar pledge to grow investment ties
Date: December 5, 2024
LONDON (Reuters) – British Prime Minister Keir Starmer and Qatar’s emir, Sheikh Tamim bin Hamad Al Thani, pledged to deepen their investment relationship during a meeting on the final day of a Qatari state visit to Britain. The visit comes as Starmer seeks to deepen ties with wealthy Gulf states in search of investment to...