EU may waive state-subsidy rules to bolster virus-hit economy

BRUSSELS (Reuters) – European Union officials are considering temporarily suspending its rules on state subsidies and financial support to economic segments hit hardest by the coronavirus outbreak, an official said on Friday. Euro zone growth is likely to be slower this year than the 1.2% forecast just last month because Continue Reading

EU antitrust regulators to rule on $69 billion Aramco, SABIC deal by February 27

The logo of Aramco is seen as security personnel stand before the start of a press conference by Aramco at the Plaza Conference Center in Dhahran, Saudi Arabia November 3, 2019. REUTERS/Hamad I Mohammed BRUSSELS (Reuters) – EU antitrust regulators will decide by Feb. 27 whether to clear state energy Continue Reading

Exclusive: EU industry chief to dismiss fears strict security rules could delay 5G

PARIS (Reuters) – European industrial policy chief Thierry Breton is set to dismiss claims that relying on European companies to build a 5G network would delay its rollout, weighing in on an increasingly tense debate in Germany over the risk posed by China’s Huawei. FILE PHOTO: A logo of the Continue Reading

U.S. importers stockpile Parmigiano, Provolone as tariffs on EU cheeses loom

By Andrea Shalal and Aleksandra Michalska Parmesan cheese is seen packaged in the warehouse at Ambriola Co Inc, a unit of Gennaro Auricchio SpA, one of Italy’s largest cheese producers, in West Caldwell, New Jersey, U.S., October 4, 2019. REUTERS/Shannon Stapleton WASHINGTON/WEST CALDWELL, New Jersey (Reuters) – Ambriola Co Inc’s Continue Reading

Overdone? Short EU equities ‘most crowded’ trade for first time

LONDON (Reuters) – Fund managers have named bearish bets in European equities as the “most crowded” trade in Bank of America Merrill Lynch’s survey for the first time in its history, suggesting sentiment for one of the world’s most shunned markets may rise from here. FILE PHOTO: The German share Continue Reading