Reuters

By Mike Dolan

LONDON (Reuters) - Big public debts typically stem from big economic and political junctures that require government to spend big - but reining them back risks 'creative' solutions markets may struggle to price.

The cumulative cost of post-pandemic public spending amid new geopolitical realities - including anything from green energy investment, chip-making security or Ukraine-related defence bills for example - are now... (continue reading...)

BERLIN (Reuters) - Europe's largest tour operator TUI narrowed its operating loss in the second quarter as its typically weak winter season in the Northern Hemisphere ended better than expected.

The loss in the January-March period came in at 189 million euros ($204.52 million), 54 million euros less than in the comparable period last year.

Analysts polled by LSEG expected a loss of 246 million euros.

Travel firms are... (continue reading...)

STOCKHOLM (Reuters) - Amazon Web Services (AWS) said on Wednesday it plans to invest 7.8 billion euros ($8.44 billion) in Germany through 2040 as it builds a cloud computing infrastructure specifically for Europe.

AWS last year announced plans to store data on servers located in the European Union to protect data privacy for government and customers in highly regulated industries.

The company said it will launch several data centres in... (continue reading...)

COPENHAGEN (Reuters) - Novo Nordisk does not expect a shortage of its Wegovy weight-loss drug in Denmark despite an earlier warning by the Danish Medicines Agency of strained supply of two separate doses in the coming weeks, the company said.

The Danish regulator on Monday issued two statements saying the country faced a shortage of the Wegovy Flextouch 1 mg injection pen from late May to mid-June and the 0.5 mg Wegovy Flextouch injection pen between... (continue reading...)

FRANKFURT (Reuters) - Germany's Allianz posted a better-than-expected 22% rise in first-quarter net profit, helped by strength in its property and casualty insurance business, the company said on Wednesday.

Net profit attributable to shareholders of 2.475 billion euros ($2.68 billion) in the three months through March compares with profit of 2.032 billion euros a year earlier. The figure surpassed a 2.353 billion euro consensus forecast.