ECB Has Found ‘Equilibrium' on Rates, Prices, Growth, Stournaras Says

European Central Bank Governing Council member Yannis Stournaras says it seems the euro area has reached an equilibrium when it comes to inflation, banking-sector developments and economic growth.

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Bloomberg

19 minutes ago

• Bloomberg

Turkey Boosts Reserve Rules on Some Deposits to Support Lira

Turkey raised the amount of cash lenders must park with the central bank against some deposits, as part of measures to support the lira after it became the worst-performer in the Europe, Middle East and Africa region. Reserve requirement ratio for so-called KKM accounts, which compensate depositors for lira depreciation, has been increased to 40% from 33%, the monetary authority said in a statement on Saturday. It also reduced the minimum interest rate such accounts earn to 40% of the policy rate, from 50% earlier.

Yahoo

an hour ago

• Yahoo

Luxury East Devon hotel wins awards for its vineyard and gin

A vineyard at a luxury hotel has won awards at the International Wine and Spirits Competition (IWSC). Lympstone Manor Estate, part of Michael Caines' Devon country house hotel, secured a silver medal for its gin and a bronze for its Eau de Vie de Marc. This achievement comes from the 2025 IWSC, known as the world's largest and most influential spirits awards. This year's competition saw entries from four continents, showcasing excellence in various spirit categories. The judges at the IWSC awarded silver to Lympstone Manor Estate's gin, scoring 93 points. The gin was praised for its "notes of almond, cherry pie, and nuances of amaretto, with sweet almond flavours to the fore, complemented by juicy fruit and subtle citrus." The Eau de Vie de Marc was awarded bronze, and its "rich aromas of juicy cherry" and "smooth palate of floral marzipan and sweet cherry pieces" were appreciated. Michael Caines MBE said: "These awards from the most prestigious spirits competition in the UK mean an immense amount to me and my team. "From the very start, I believed in the potential not just to produce outstanding wines from our vineyard, but also to craft exceptional spirits that reflect the quality and character of Lympstone Manor. "These results are a true testament to the care and craftsmanship that go into every bottle, and to the vision we share with our partners at Lyme Bay Winery and Leigh Kearle." Steve Edwards, director of operations and vineyard management, said: "I am immensely proud of the Lympstone Manor Estate vineyard and our ever-expanding range of beautifully crafted wines and spirits. "It is no small achievement that every single release thus far has been recognised at the very highest level, and is testament to the quality of both the vineyard site and the team of people associated with it." In 2018, Michael Caines planted 17,500 vines in the estate parkland to produce high-quality English wines from Champagne varietals - Pinot Noir, Chardonnay, and Meunier. To mark the hotel's seventh birthday in April 2024, the estate expanded into spirits with the launch of a barrel-fermented Chardonnay, a gin, and an Eau de Vie de Marc. The Spirit of Lympstone is distilled in partnership with Leigh Kearle using the grape pomace left after pressing the estate's Pinot Noir, Meunier, and Chardonnay, resulting in an aromatic spirit with floral and cinnamon notes and cherry fruit flavours. The gin, The Essence of the Spirit of Lympstone, is crafted from the marc spirit and flavoured with botanicals, including juniper, orris root, coriander, angelica root, and lemon verbena, creating a refined London dry style.

Yahoo

an hour ago

• Yahoo

Liverpool 'drops' $80M Darwin Nunez asking price as Napoli wants transfer

Liverpool has reportedly dropped its asking price for Darwin Nunez, and would accept a fee of around €50 million ($58 million) plus add-ons for the Uruguayan striker. Nunez is widely expected to leave Liverpool this summer, three years on from a big-money transfer from Benfica. Liverpool knocked back approaches for Nunez from clubs in Saudi Arabia during the January transfer window, but there remains a strong market for the Reds' No. 9 during the ongoing summer window. Advertisement The interest from Saudi Arabia remains, while Atletico Madrid, Napoli and AC Milan are also being linked with the 25-year-old. It's claimed that Napoli has made a verbal offer of around €43 million ($50 million) for Nunez, with Napoli said to be keen to provide support to Romelu Lukaku in its front line. READ MORE: Milos Kerkez can give Arne Slot what wanted as Liverpool transfers prove Virgil van Dijk right READ MORE: Liverpool transfer news LIVE: Florian Wirtz medical, Alexander Isak deal, Marc Guehi interest Foot Italia reports that Nunez has no intention of moving to Saudi Arabia, as he wants to remain playing at a high level in Europe. Advertisement Napoli boss Antonio Conte is said to be a fan of Nunez and believes he has a higher chance of realizing his potential away from the Premier League. Transfer guru Fabrizio Romano gave an update on Napoli's interest in Nunez earlier this week, saying that concrete talks have been taking place ahead of a possible move. "We are keeping the names that have been mentioned in recent days regarding Napoli's attack," Romano said, as quoted by Tutto Napoli. "I told you about Darwin Nunez, who has moved from phone calls to serious, direct and concrete contacts. "Napoli is working on the Darwin Nunez operation, but it is not an easy operation. There is competition from other clubs, including some from Saudi Arabia. We will understand more in the next few days, but it is a move that the Azzurri certainly want to try to make. Advertisement "There have also been calls from AC Milan to be informed about the situation, but the Italian club that is working hard on the Uruguayan striker - also with the player's agents - is Napoli. "Now we will have to understand if it will be feasible from an economic and competition point of view, but the certainty is that Darwin Nunez will leave Liverpool." Nunez is leaving Liverpool -Credit:Getty Images Meanwhile, former Liverpool midfielder Dietmar Hamann wants to see Liverpool chance its arm with an audacious swap offer involving Nunez and Atletico Madrid striker Julian Alvarez. "I'd love to see Julian Alvarez at Liverpool and I think Darwin Nunez being part of the deal would make a lot of sense," Hamann told "I think Nunez is tailor-made for Atletico Madrid as a physical centre forward, someone who will work so hard, which is what Diego Simeone wants. Advertisement "Alvarez would also be a fantastic addition at Liverpool. He played in the shadow of Erling Haaland at Manchester City, but really added to his reputation in Madrid. "He led the line, scored goals, and made life a nuisance for the back lines he played against. I think he would be a brilliant signing. "There are rumors about other forwards, but Alvarez would be a great addition to Liverpool, and Nunez might just be an even better signing for Atletico."