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Italy's 2025 deficit-GDP ratio confirmed at 3.1%, in blow to PM Meloni

Italy's 2025 deficit-GDP ratio confirmed at 3.1%, in blow to PM Meloni

ROME, April 22 (Reuters) - Italy posted a budget deficit of 3.1% of gross domestic product last year, statistics bureau ISTAT reported on Wednesday, confirming previous data and dashing Rome's hopes of exiting an EU disciplinary procedure for its "excessive" deficit.
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Italy to cut growth forecasts as Eurostat delivers deficit verdict

Italy to cut growth forecasts as Eurostat delivers deficit verdict

By Giuseppe Fonte and Gavin Jones ROME, April 22 (Reuters) - Italy is set to cut its economic growth forecasts on Wednesday due to the turmoil in the Middle East and surging energy costs, government officials said, with the outlook for public finances dependent on a ruling from Eurostat on Rome's
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Italy to confirm 2026 deficit around 2.8% of GDP despite weaker growth

Italy to confirm 2026 deficit around 2.8% of GDP despite weaker growth

By Giuseppe Fonte ROME, April 21 (Reuters) - Italy aims to bring its budget deficit below the European Union's 3% of GDP ceiling this year despite a weakening growth outlook due surging energy costs and Middle East turmoil, sources close to the matter said.
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EU touts temporary energy subsidies, but costs risk ballooning

EU touts temporary energy subsidies, but costs risk ballooning

By Kate Abnett and Jan Strupczewski BRUSSELS, April 23 (Reuters) - When the European Union outlines looser state aid rules next week to help governments cushion the blow from energy prices driven higher by the Iran war, it will pitch targeted measures aimed at avoiding further strain on fragile
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EU may let startups claim innovation benefits in M&A if Big Tech not involved

EU may let startups claim innovation benefits in M&A if Big Tech not involved

By Foo Yun Chee BRUSSELS, April 22 (Reuters) - Startups claiming innovation benefits for their deals will likely secure speedy EU antitrust approval, but not if Big Tech is involved, a draft revamp of merger rules due to be announced in the coming weeks shows.
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New Zealand says oil shock delays economy's recovery but does not derail it

New Zealand says oil shock delays economy's recovery but does not derail it

By Lucy Craymer and Renju Jose WELLINGTON, April 23 (Reuters) - New Zealand's economic recovery has been delayed but not derailed, Finance Minister Nicola Willis said on Thursday after the Iran conflict lifted fuel costs and dented business and consumer sentiment.
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Exclusive-Ukraine says some Russian missiles fly near Chornobyl, risking major accident

Exclusive-Ukraine says some Russian missiles fly near Chornobyl, risking major accident

By Tom Balmforth LONDON, April 22 (Reuters) - Russia has repeatedly launched drones and missiles on a flight path near the disused Chornobyl nuclear plant during attacks on Ukraine, elevating the risk of a major accident, Ukraine's top state prosecutor told Reuters.
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STMicroelectronics' beats on results and guidance boost shares

STMicroelectronics' beats on results and guidance boost shares

By Nathan Vifflin April 23 (Reuters) - STMicroelectronics reported first-quarter results above market expectations on Thursday, pointing to signs of recovery in its key semiconductor markets, and forecast further growth in the second quarter.
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Thailand can borrow $15.55 billion by October without raising debt ceiling, minister says

Thailand can borrow $15.55 billion by October without raising debt ceiling, minister says

BANGKOK, April 22 (Reuters) - Thailand's government has room to borrow up to 500 billion baht ($15.55 billion) by October without raising the public debt ceiling, its finance minister said on Wednesday.  
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Governments worldwide shield households from rising energy costs

Governments worldwide shield households from rising energy costs

April 21 (Reuters) - Governments worldwide are trying to shield consumers from soaring energy costs resulting from the U.S.-Israeli war on Iran. 
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3M beats quarterly profit estimates as cost-control push swells margins

3M beats quarterly profit estimates as cost-control push swells margins

April 21 (Reuters) - Industrial giant 3M posted a rise in first-quarter profit on Tuesday, as cost-control measures helped offset inflationary and tariff-linked pressures in an uncertain economic environment.
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EU weighs more US jet fuel, cleaner aviation amid Iran war strains

EU weighs more US jet fuel, cleaner aviation amid Iran war strains

By Julia Payne BRUSSELS, April 21 (Reuters) - European Commissioner Apostolos Tzitzikostas said on Tuesday the Commission will provide guidance to airlines on how to handle airport slots, anti-tankering, passenger rights and public service obligations in the event of jet fuel shortages due to the