Sam Reeves

Frankfurt am Main

News Editor, Malaysia and Singapore at Agence France-Presse (AFP)

AFP correspondent in Frankfurt. Adapting to chilly Europe after earlier stints in Malaysia, Indonesia, Hong Kong

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Articles

New Eurozone Rate Cut Expected As Trump Trade War Weighs

3 weeks ago | barrons.com | Sam Reeves

US President Donald Trump's tariff blitz, persistent growth worries and slowing inflation are expected to prompt eurozone rate-setters to lower borrowing costs again on Thursday. It would be the European Central Bank's seventh consecutive interest rate cut, with officials having shifted focus from taming consumer price rises to easing pressure on the sluggish eurozone economy.
ECB cuts rates again but pause seen ahead

3 weeks ago | enca.com | Sam Reeves

President Christine Lagarde said the European Central Bank was in a "good place" to deal with global uncertainty as it cut interest rates again Thursday, fuelling expectations it might soon hit pause after a lengthy easing cycle. The ECB cut its key deposit rate a quarter point to two percent, as widely expected, its seventh consecutive reduction and eighth since June last year when it began lowering borrowing costs.
ECB Expected To Cut Rates Again As Trump Trade War Rumbles On

3 weeks ago | barrons.com | Sam Reeves

The European Central Bank is expected to deliver its seventh-straight interest rate cut this week as US President Donald Trump's volatile trade policies add to headwinds for the sluggish eurozone. Even before Trump unleashed his on-off tariff onslaught on the world, the ECB had been bringing borrowing costs down as inflation eased.
German industrial titan, Thyssenkrupp, prepares for a major shake-up-raising concerns over job cuts and a looming break-up

1 month ago | fortune.com | Sam Reeves

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Struggling German Steel Giant Thyssenkrupp Plans Major Overhaul

1 month ago | barrons.com | Sam Reeves

Thyssenkrupp said Monday it planned a major overhaul that will split the vast conglomerate into several standalone businesses, fuelling fears about further job losses and a looming break-up of the historic German industrial titan. Once a symbol of German manufacturing might, Thyssenkrupp has fallen into crisis in recent years as high costs at home, falling prices for its products and fierce competition from Asian rivals hammered its traditional steel business in particular.
German Growth Upgraded On Pre-tariff Export Surge

1 month ago | barrons.com | Sam Reeves

Germany's economy grew more than previously thought at the start of the year, as its exports surged before US President Donald Trump imposed sweeping tariffs, official data showed Friday. Gross domestic product (GDP) in Europe's biggest economy increased 0.4 percent from January to March compared to the previous quarter, according to final figures from federal statistics agency Destatis. An initial estimate had put the expansion at 0.2 percent, and analysts had not been expecting any change.
Merz to visit Lithuania as Germany helps bolster NATO's eastern flank

1 month ago | yahoo.com | Sam Reeves

Chancellor Friedrich Merz visits Lithuania on Thursday to mark the official formation of Germany's first permanent overseas military unit since World War II, aimed at bolstering NATO's eastern flank against a hostile Russia. The decision to build up a 5,000-strong armoured brigade in Lithuania over the coming years came in response to Russia's full-scale invasion of Ukraine in 2022.
Merz To Visit Lithuania As Germany Helps Bolster NATO's Eastern Flank

1 month ago | barrons.com | Sam Reeves

Chancellor Friedrich Merz visits Lithuania on Thursday to mark the official formation of Germany's first permanent overseas military unit since World War II, aimed at bolstering NATO's eastern flank against a hostile Russia. The decision to build up a 5,000-strong armoured brigade in Lithuania over the coming years came in response to Russia's full-scale invasion of Ukraine in 2022.
Struggling steel giant Thyssenkrupp's shares slump after profit hit

1 month ago | bilyonaryo.com | Sam Reeves

By Sam ReevesThyssenkrupp’s shares slumped Thursday after it reported worse-than-expected earnings and its steel business took a fresh hit, in more bad news for the struggling German industrial titan. The group said quarterly operating profits plunged about 90 percent from a year earlier to just 19 million euros ($21 million) — far worse than analyst forecasts.
Germany Arrests Three Ukrainians Over Russian Sabotage Plot

1 month ago | barrons.com | Sam Reeves

German prosecutors said Wednesday they had arrested three Ukrainians accused of plotting sabotage attacks on goods transports for Russia, amid soaring tensions between Moscow and Berlin. The suspects, detained in Germany and Switzerland, had told individuals "believed to be acting on behalf of Russian state authorities" that they were ready "to commit arson and explosive attacks on goods transport in Germany", federal prosecutors said.