By Rajesh Kumar Singh CHICAGO (Reuters) -Pilots at Delta Air Lines have ratified a new contract, widely expected to be a benchmark for contract negotiations at rival airlines, that includes over $7 bi[...]
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March 1, 2023
US subsidies appealing to German companies, survey shows
BERLIN (Reuters) -The Biden administration’s effort to promote climate-friendly technologies through the Inflation Reduction Act (IRA) is attracting German companies to the United States, a surv[...]
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UBS loses bid to stop Chinese businessman’s $500 million London lawsuit
By Sam Tobin LONDON (Reuters) – UBS faces a $500 million lawsuit in London brought by an exiled Chinese businessman after an appeal court on Wednesday rejected the Swiss bank’s latest attempt to[...]
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Italy posts firm growth in 2022, but budget deficit overshoots
By Antonella Cinelli and Valentina Consiglio ROME (Reuters) – Italy posted firm economic growth of 3.7% last year but the budget deficit far exceeded official forecasts due to the cost of tax in[...]
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China’s factories power ahead, inflation ticks up in Europe
By Jonathan Cable and Leika Kihara LONDON/TOKYO (Reuters) -China’s factory sector grew in February at the fastest pace in more than a decade in a boost for global economy recovery hopes, while d[...]
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ECB’s Villeroy sees inflation peak in first half of year, no risk of recession
By Marine Strauss Paris (Reuters) -Inflation in France is likely to reach its peak in the first half of the year and, barring a major world event, the risk of recession could be ruled out, French Euro[...]
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Bundesbank posts first loss in over four decades as higher rates bite
FRANKFURT (Reuters) – Germany’s Bundesbank recorded its first loss in over four decades last year as a string of European Central Bank rate hikes reduced the value of its bond holdings and[...]
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Factbox-Fed rate watch: Wall Street banks see longer hike cycle, higher rates
(Reuters) – As the U.S. economy holds up better than expected in the face of aggressive interest rate hikes, markets have started pricing in a higher peak rate as the Federal Reserve battles sti[...]
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German unemployment rate remains stable at 5.5% in February
BERLIN (Reuters) -Germany’s unemployment rate stayed stable in February as demand for workers remained strong despite a challenging economic environment marked by higher input prices and supply[...]
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