MADRID (Reuters) – U.S. tech giant Cisco will open a new chip design center in the northeastern Spanish city of…
EU executive to outline gas price ‘correction mechanism’ on Friday -sources
By Gabriela Baczynska BRUSSELS (Reuters) – The European Commission will propose a gas “correction mechanism” to the 27 EU states…
Swiss National Bank still sees no case for central bank digital currency
ZURICH (Reuters) – The Swiss National Bank currently sees “no compelling advantage” to introducing digital central bank money for the…
ECB’s Schnabel flags inflation risk from wages, expectations
LJUBLJANA (Reuters) – Euro zone wages are rising “significantly” and underlying inflation show strong momentum, two factors that raise the…
Greek central bank cuts growth estimate for 2023- report
ATHENS (Reuters) – Greece’s economy will grow by an annual 1.5% clip in 2023, the country’s central bank said in…
Russia’s central bank: short-term inflationary risks are balanced
MOSCOW (Reuters) – Russia’s inflationary and disinflationary risks are balanced in the short term, central bank governor Elvira Nabiullina said…
Pakistan to get $500 million from Asian Infrastructure Investment Bank for development program
ISLAMABAD (Reuters) – Pakistan will receive $500 million as co-financing for the BRACE development program from the Asian Infrastructure Investment…
Zurich Insurance sees $550 million hit from Hurricane Ian
ZURICH (Reuters) – Zurich Insurance Group expects a net $550 million pre-tax hit from Hurricane Ian, it said on Thursday…
UK hiring falls as political upheaval adds to employers’ worries
By Suban Abdulla LONDON (Reuters) – British employers cut their hiring of permanent staff via recruitment firms for the first…
Fed’s Kashkari: talk of pivot ‘premature,’ on good policy path
By Ann Saphir (Reuters) -Minneapolis Federal Reserve Bank President Neel Kashkari on Wednesday said it’s “entirely premature” to discuss any…