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Swiss Lost Cash Racks Up $1.1 Billion Windfall for Government
Lost banknotes from the 1970s are set to give Switzerland a windfall.
$$ bloomberg.com — 2 hours ago
Germany Says Trump and Merz Agree on Need for Swift Trade Accord
Germany's new chancellor, Friedrich Merz, and US President Donald Trump agreed that trade disputes should be resolved quickly and discussed the need for close cooperation between the two nations.
$$ bloomberg.com — 2 hours ago
Landlord LondonMetric Buys Urban Logistics in £699 Million Deal
LondonMetric Property Plc agreed to buy Urban Logistics Reit Plc in a deal valuing the company at about £699 million ($925 million).
$$ bloomberg.com — 2 hours ago
ECB's Rehn Favors a Rate Cut in June If Justified by Forecasts
The European Central Bank should cut its interest rate next month if its new forecasts confirm an outlook of disinflation and waning growth momentum, according to Governing Council member Olli Rehn.
$$ bloomberg.com — 2 hours ago
Germany's Banks See Income Boost From Massive Defense Bet
Germany's biggest banks are expecting to see a substantial windfall from the country's plan to turbocharge its military.
$$ bloomberg.com — 2 hours ago
Polish Policymakers Intend to Go Slow With Further Rate Cuts
Poland shouldn't rush to reduce interest rates further after this week's cut because inflation risks remain high, according to two policymakers.
$$ bloomberg.com — 2 hours ago
Spain Blackout Shows Need for Batteries in Renewable-Heavy World
Companies are working on technologies from batteries to AI that can help ensure renewables and more electricity demand don't threaten the grid.
$$ bloomberg.com — 2 hours ago
Indonesia to Cut Fuel Imports From Singapore in Favor of US
Indonesia will cut its fuel imports from Singapore and source supplies from the US and Middle Eastern countries instead, according to the country's energy minister.
$$ bloomberg.com — 2 hours ago
EU Plan to Water Down ESG Rules Risks Wave of Litigation, Legal Scholars Warn
The European Union's plan to slash the scope of new ESG regulations opens the door to a wave of litigation, as companies would no longer be required to act in a way that lives up to the bloc's climate law.
$$ bloomberg.com — 2 hours ago
German Cops Seize 34 Million of Crypto Assets in 'eXch' Swoop
German authorities closed down the crypto-swapping service "eXch" located in the nation and seized assets worth 34 million ($38 million).
$$ bloomberg.com — 2 hours ago
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