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Germany to skirt recession this year – institutes
BERLIN (Reuters) - Germany is expected to narrowly escape recession and post modest growth in the first quarter of the year, according to the forecasts of leading economic institutes published on Wedn...
Apr 05, 2023
Italy probes Meta over abuse of position in music rights case
MILAN (Reuters) - Italy's antitrust authority said on Wednesday it would investigate Meta Platform over the possible abuse of its position in talks over the rights to music posted on Meta's platforms ...
Apr 05, 2023
UK service firms report second month of growth as prospects improve -PMI
LONDON (Reuters) - Britain's economy looks set to have grown in early 2023 after firms in the dominant service sector in March reported the strongest new business expansion in a year and the best expo...
Apr 05, 2023
UBS Chairman addresses shareholders on milestone Credit Suisse takeover
BASEL (Reuters) - UBS's Chairman told the bank's annual shareholder meeting on Wednesday that the takeover of rival Credit Suisse was a significant milestone for Switzerland and for the global financi...
Apr 05, 2023
German exports expected to grow despite challenging start
BERLIN (Reuters) - German exports started the year as a drag on the economy but a recovery is expected thanks to easing supply chain constraints and high industrial orders, German economic institutes ...
Apr 05, 2023
Euro zone recovery gathered pace in March on demand for services -PMI
LONDON (Reuters) - The euro zone recovery picked up pace last month but the upturn was uneven across industries and countries, according to a survey which showed price pressures remained elevated in t...
Apr 05, 2023
Foxconn Q1 sales edge up, but Q2 outlook poor
TAIPEI (Reuters) - Taiwan's Foxconn, the world's largest contract electronics maker and major iPhone assembler for Apple Inc, said on Wednesday that revenue in the first quarter rose 3.9% year-on-year...
Apr 05, 2023
German services sector activity picks up in March -PMI
BERLIN (Reuters) - German services sector activity grew in March at the fastest pace since last May as demand strengthened and spurred job creation, a business survey showed on Wednesday. S&P Global's...
Apr 05, 2023
Volvo Car’s sales up 10% in March
COPENHAGEN (Reuters) - Sweden-based Volvo Car AB said on Wednesday its sales increased by 10% year-on-year in March to 162,938 cars, helped mainly by the company's fully electric cars. Volvo Cars, maj...
Apr 05, 2023
Swiss regulator calls for more power after Credit Suisse debacle
BERN (Reuters) - Switzerland's financial regulator FINMA called for more power to penalise and name and shame banks that break the rules, following the collapse of the country's second-biggest bank, C...
Apr 05, 2023
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