By William Schomberg WASHINGTON (Reuters) – Britain’s economic growth forecast for 2025 received the sharpest downgrade of any major European economy from the International Monetary Fund on Tuesday as the UK braces for the global fallout from U.S. President Donald Trump’s trade tariffs. The Fund also said British inflation would be higher this year than …
IMF chops UK growth forecast as Trump tariffs hit global economy Read More »
(Reuters) -Euro zone consumer confidence fell by 2.2 points in April from the March number, figures released on Tuesday showed. The European Commission said a flash estimate showed euro zone consumer morale decreased to -16.7 this month from -14.5 in March. Economists polled by Reuters had expected a fall to -15.5. In the European Union …
Euro zone consumer confidence falls to -16.7 in April Read More »
By John Revill ZURICH (Reuters) – Roche said on Tuesday it would invest $50 billion in the United States over the next five years, creating more than 12,000 new jobs, in the latest massive investment by companies reacting to President Donald Trump’s tariff policy. The announcement comes as drugmakers unveil investments to deal with tariffs …
Roche to invest $50 billion in US to avoid Trump tariffs, create 12,000 jobs Read More »
(Reuters) -Economic gains from artificial intelligence will boost global output by around 0.5% a year between 2025 and 2030, outweighing the costs of rising carbon emissions by the data centres needed to run AI models, the International Monetary Fund said on Tuesday. An IMF report released at its annual spring meeting in Washington nonetheless noted …
AI economic gains likely to outweigh emissions cost, says IMF Read More »
(Reuters) – Britain’s Marks & Spencer said on Tuesday it has been managing a cyber incident over the past few days, and had made some temporary changes to its store operations. The more than 140-year-old clothing and food company said it is managing and investigating the incident with external experts. In the meanwhile, its stores …
British food and clothing group M&S discloses cyber incident Read More »
By Karin Strohecker and Rodrigo Campos WASHINGTON (Reuters) -The International Monetary Fund on Tuesday cut its 2025 growth outlook for emerging economies including Mexico and China, warning that tighter funding conditions and a scarcity of development cash could inflict pain on developing nations. Waves of tariffs announced by the administration of U.S. President Donald Trump …
Emerging economies face test from tighter funding as growth slows, says IMF Read More »
(Reuters) -Swedish medical equipment maker Getinge said U.S. tariffs would not undo decades of global supply chains, after it reported quarterly core earnings just below market expectations on Tuesday. Shares of the company, whose products include ventilators and equipment for operating rooms, were down nearly 7% by 1135 GMT. U.S. President Donald Trump’s import duties …
Getinge says tariffs will not change established supply chains Read More »
By Valentina Za MILAN (Reuters) -UniCredit said on Tuesday its ability to make “sound” decisions could be impaired by the conditions Italy set to clear the bank’s bid for Banco BPM, and it could not proceed further unless its concerns are addressed. Growing uncertainty over the fate of UniCredit’s 13 billion-euro ($15 billion) all-share bid …
UniCredit says Banco BPM bid can’t go ahead with government’s conditions Read More »
By America Hernandez PARIS -French oil major TotalEnergies will shut its oldest steam cracker in Antwerp by end-2027, the company said on Tuesday, citing a “significant surplus of ethylene expected in Europe”. The unit shutdown will not result in layoffs, but 253 employees will be offered a retirement package or an internal transfer. The chemical …
TotalEnergies to shut Antwerp steam cracker end-2027 Read More »
OSLO (Reuters) -The board of Norway’s Equinor must explain how the company’s plan to raise oil and gas production aligns with its stated commitment to the Paris agreement on curbing climate change, a group of minority shareholders said on Tuesday. Equinor, which is 67% government owned, this year joined the likes of Shell and BP …
Oil group Equinor must explain climate discrepancy, minority owners say Read More »
