LONDON (Reuters) – The Bank of England raised interest rates on Thursday for the fourth meeting running, taking borrowing costs to their highest since 2009 at 1%. Here are comments from BoE Governor Andrew Bailey and some of his top officials as they e…
Volkswagen boosts electric car investment in Spain to 10 billion euros
By Emma Pinedo SAGUNTO, Spain (Reuters) -German carmaker Volkswagen AG and partners will invest 10 billion euros ($10.6 billion) to make electric vehicles and batteries in Spain, its chief executive said on Thursday, 3 billion euros more than it had pr…
Moncler says 2022 sales forecast doable despite China snag
MILAN (Reuters) – Italian luxury group Moncler is confident it can meet analyst expectations that sales will reach 2.4 billion euros ($2.53 billion) this year despite a new round of lockdowns impacting sales in China, its chief corporate and supply off…
Bank of England raises rates to 1% despite recession risk
LONDON (Reuters) – The Bank of England raised interest rates to their highest since 2009 on Thursday, hiking by a quarter-point to 1% to counter inflation now heading above 10%, even as it sent a warning that Britain risks falling into recession. REACT…
COVID took 15 million lives globally, not the 5 million reported – WHO
By Jennifer Rigby (Reuters) -Almost three times as many people have died as a result of COVID-19 as official data show, according to a new World Health Organization (WHO) report, the most comprehensive look at the true global toll of the pandemic so fa…
Audi Formula One deal with McLaren becoming unlikely – source
HAMBURG (Reuters) – An agreement for Volkswagen’s premium brand Audi to join Formula One by investing in British luxury sports carmaker McLaren is becoming increasingly unlikely, a person familiar with the project told Reuters on Thursday. “The price e…
Exclusive-Gazprom Germania trustee: Rehden gas storage unit is being filled
FRANKFURT (Reuters) -Germany’s Rehden gas storage facility, the biggest in western Europe, is being filled from May 5 to help Europe’s top economy build up supplies and soften the blow from potential Russian supply stops, the trustee of Gazprom Germani…
Germany ramps up capacity for LNG imports to replace Russian gas
(Inserts dropped word ‘time’ in 2nd paragraph) By Vera Eckert FRANKFURT (Reuters) -Germany took steps to ramp up liquefied natural gas (LNG) imports on Thursday as it moves away from piped Russian supply, renting four floating storage and regasificatio…
German industrial orders fall as Ukraine war dampens demand
BERLIN (Reuters) -German industrial orders fell more than expected in March, driven mainly by a reduction in orders from abroad as the war in Ukraine hit manufacturing demand in Europe’s biggest economy, data showed on Thursday. Orders for industrial g…
Adecco recruits former Sodexo boss Machuel as new CEO
By John Revill ZURICH (Reuters) -Adecco has recruited the former boss of French multinational food service company Sodexo as its next chief executive, the staffing company said on Thursday, as it announced first-quarter results which trailed rivals. De…