Italy eyes 19 bln euros in energy investments as it reviews post-COVID plan
Italy in talks with EU to overhaul post-COVID planSome 2.3 bln euros would go to power and gas gridsItaly reiterates...
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Ukraine completes nationalisation of Sense bank
KYIV, July 24 (Reuters) - The Ukrainian government has completed the takeover of Sense Bank, the country's top commercial lender,...
Exclusive: Audit fails to win U.S. backing for release of Afghan central bank funds – U.S. officials
WASHINGTON/ISLAMABAD, July 21 (Reuters) - A U.S.-funded audit of Afghanistan's Taliban-run central bank has failed to win Washington's backing for...
Exclusive: EU’s highest inflation to slow to 7-8% by December, Hungary’s finance minister says
No steps on spending needed to contain deficit for now-VargaBut gov't will review in Sept and act if necessaryVarga says he'd like to leave 3.9% deficit target intactStable forint crucial for economic players to plan-ministerCEE states can again be fastest growing EU region-VargaBUDAPEST, July 20 (Reuters) - Hungary's annual inflation will slow to 7-8% by December from 20.1% in June, helping the economy rebound, Finance Minister Mihaly Varga told Reuters, adding that no further measures were needed to contain the budget deficit for now.Prime Minister Viktor Orban's government is struggling...
EU launches talks on 20 billion euro Ukraine military fund
BRUSSELS, July 20 (Reuters) - The European Union's foreign policy chief on Thursday proposed a 20 billion euro ($22.4 billion) fund to pay for weapons, ammunition and military aid for Ukraine over four years, but the plan will need more scrutiny from EU governments before any decision is made.High Representative Josep Borrell presented the proposal to EU foreign ministers meeting in Brussels as part of an effort to put European support for Kyiv on a longer-term footing after more than a year of scrambling to respond to Russia's invasion.The proposal...
EU proposal on using frozen Russian funds delayed to September
BRUSSELS, July 20 (Reuters) - A European Commission proposal to use frozen public Russian assets to help finance Ukraine will...
U.S. sanctions 14 Iraqi banks in crackdown on Iran dollar trade- WSJ
WASHINGTON/BAGHDAD July 19 (Reuters) - The United States has barred 14 Iraqi banks from conducting dollar transactions, the Wall Street...
UK’s access to EU financial markets post-Brexit still unclear, says EU official
LONDON, July 18 (Reuters) - It is too early to tell if Britain's financial rules post-Brexit will diverge too far...
UN asks Putin to extend Black Sea grain deal in return for SWIFT access -sources
UNITED NATIONS, July 12 (Reuters) - U.N. Secretary-General Antonio Guterres has proposed to Russian President Vladimir Putin that he extend...
European firms look for footing in China-U.S. spat, French execs say
Renault's chairperson Jean-Dominique Senard looks on during a visit by the French President to the site of the future factory of Japan-based battery maker Envision AESC group, where Renault SA develops an electric-vehicle manufacturing hub, in Douai, France June 28, 2021. Ludovic Marin/Pool via... Read moreAIX-EN-PROVENCE, France, July 9 (Reuters) - European firms are concerned they could get caught in the cross-fire of rising economic rivalry between the United States and China, with some officials at a French business conference also frustrated at Europe's slowness in crafting a response.Rising trade...