Reuters UK Business

By Nora Eckert and Kalea Hall DETROIT (Reuters) – The chairman of Nissan Americas, Christian Meunier, said on Wednesday he is concerned that tariffs may drive already eye-popping vehicle prices even higher. “Cars are becoming completely unaffordable,” Meunier told Reuters. “It’s not fair for the middle class or the lower class, the people that can’t …

Nissan US chief says tariffs will hammer lower-income car shoppers Read More »

By Elvira Pollina MILAN (Reuters) -MFE-MediaforEurope, the TV group controlled by Italy’s Berlusconi family, on Wednesday proposed an 8% increase in its annual dividend and wrote down the value of its holding in German takeover target ProSiebenSat.1. The commercial TV company said it would distribute a dividend of 0.27 euro per share on its 2024 …

Berlusconi’s MFE lifts dividend, writes down ProSieben stake value Read More »

MOSCOW (Reuters) – Russia should develop its own stablecoins pegged to other currencies after Russia-linked digital wallets holding the popular USDT stablecoin were blocked last month, a senior Finance Ministry official said on Wednesday. Dollar-pegged stablecoins, which are a type of cryptocurrency designed to maintain a constant value, have ballooned in recent years as they …

Russia should have own stablecoins, finance ministry official says Read More »

(Reuters) -Energy shares led Britain’s benchmark stock index higher on Wednesday, as a softer-than-expected inflation print lifted investor sentiment. The blue-chip FTSE 100 index advanced 0.3%, recovering from early losses, while the midcap index was unchanged on the day. The gain for the FTSE 100 extended Tuesday’s rally, which followed U.S. President Donald Trump’s hints …

Energy shares drive FTSE 100 gains as inflation eases Read More »

By Ahmad Ghaddar and Robert Harvey LONDON/MOSCOW (Reuters) -Turkey’s largest oil refiner Tupras has returned to buying Russian Urals crude cargoes, after it stopped doing so earlier this year due to stronger U.S. sanctions on Moscow, according to three trading sources and shipping data. Tupras did not immediately reply to a Reuters request for comment. …

Exclusive-Top Turkish refiner Tupras resumes buying Russian Urals crude, sources say Read More »

(Reuters) -Italian luxury fashion group Brunello Cucinelli on Wednesday confirmed its expectations for sales growth of around 10% in both 2025 and 2026 despite looming U.S. tariffs. Starting from its Fall-Winter 2025 collections, the company will work on a new price list in the U.S. in response to the possible impact of tariffs but it …

Italy’s Cucinelli maintains sales growth forecasts for this year and next Read More »

By Giuseppe Fonte and Valentina Za ROME (Reuters) -Italy is likely to ask UniCredit to leave Russia as soon as possible among conditions the government can set to clear the proposed takeover of smaller rival Banco BPM, a source close to the matter said on Wednesday. UniCredit is among only a handful of international banks …

Italy seeks UniCredit’s departure from Russia to clear BPM deal, source says Read More »

BRUSSELS (Reuters) – European officials have dropped the idea of pushing for a ban on the bloc’s Russian liquefied natural gas imports in upcoming packages because of resistance from some governments and uncertainty about alternative sources, EU officials said. Instead, the Commission wants to iron out a new road map to end the bloc’s reliance …

EU shelves idea of sanctions on Russian LNG imports Read More »