Reuters UK/EU

By Balazs Koranyi DUBROVNIK, Croatia (Reuters) – Another two rate hikes from the European Central Bank are still on the cards but moves further out remain open to debate as inflation is still stubborn, Irish central bank chief Gabriel Makhlouf said. The ECB has raised rates by a combined 375 basis points since last July, …

ECB’s Makhlouf ready for two more rate hikes, open-minded beyond that Read More »

By David Shepardson WASHINGTON (Reuters) -The Transportation Security Administration screened 2.658 million passengers on Thursday, the highest number since the beginning of the COVID-19 pandemic, as U.S. holiday travel got off to a smooth start. “So far so good,” Transportation Secretary Pete Buttigieg told CNBC on Friday. Despite the record travel Thursday “the system held …

U.S. screens highest number of air passengers since 2019 Read More »

By Dominique Vidalon and Chiara Elisei PARIS (Reuters) -French retailer Casino on Friday said it was officially starting court-backed negotiations with its creditors as the heavily indebted group seeks a way out of its financial woes while weighing two tie-up bids from wealthy investors. Casino shares, which had been suspended since Monday evening, were down …

Retailer Casino enters court-backed talks with creditors Read More »

By John Revill ZURICH (Reuters) -Credit Suisse was ordered to pay $926 million to Georgia’s former prime minister on Friday for losing part of his fortune, in a Singapore court ruling that represents one of the biggest legal awards made against the bank.  Singapore’s International Commercial Court said a unit of Credit Suisse had not …

Georgian billionaire wins $926 million from Credit Suisse after fraud Read More »

By Kate Abnett BRUSSELS (Reuters) – Austria, France, Ireland and the Netherlands have called on the European Union to toughen laws to curb the impact of private jet travel on the climate, a document showed. The countries are home to some of the busiest airports in Europe, including Amsterdam’s Schiphol and Charles de Gaulle airport …

France, Netherlands call for EU climate clampdown on private jets Read More »

By Francesco Canepa and Tom Sims FRANKFURT (Reuters) – As banks came under mounting pressure in March, Deutsche Bank used big trades to give its cash buffers a temporary boost, employing a method that European regulators have raised concerns over, two sources familiar with the situation said. Deutsche swapped billions of euros in securities for …

Exclusive-Deutsche Bank used big trades to raise cash in March turmoil -sources Read More »

MADRID (Reuters) – Allegations of voter fraud in small towns and an unprecedented case of kidnapping marked the last day of campaigning before local and regional elections in Spain on Sunday. The voting is taking place in 12 regions and 8,000 towns and cities, most of them currently governed by the Socialist Party (PSOE). Opinion …

Voter fraud allegations mark last day of election campaigning in Spain Read More »

By Benjamin Mallet and America Hernandez PARIS (Reuters) – TotalEnergies shareholders rejected an activist resolution on Friday urging faster cuts to the oil major’s greenhouse gas emissions programme after police intervened to stop climate protesters disrupting its annual general meeting. The resolution, filed by climate group Follow This and 17 institutional investors with a total …

Tear gas taints the air as TotalEnergies AGM rejects climate activist resolution Read More »