Reuters UK Business

Hungary’s central bank must be patient despite risks to growth, governor says

11 Apr 2025

By Gergely Szakacs BUDAPEST (Reuters) -Hungary’s central bank must remain patient amid inflation risks, despite a weaker growth outlook, Governor Mihaly Varga said on Friday, as parliament prepared to confirm former debt agency leader Zoltan Kurali as one of his new deputies. Varga, Prime Minister Viktor Orban’s former finance minister, took over as central bank …

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Mercedes to end engagement in small vans segment

11 Apr 2025

BERLIN (Reuters) -Mercedes-Benz said on Friday it is shifting focus towards midsize and large vans and ending engagement in the smaller category, after the Automobilwoche magazine reported the planned discontinuation of its Citan and T-Class models. “In line with our Mercedes-Benz Vans strategy ‘Growth in profitable segments’, we are targeting our investments and further optimizing …

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Trade war could cut German GDP more than 1%, economic institute says

11 Apr 2025

BERLIN (Reuters) – A trade conflict based on blanket 25% tariffs could cut economic growth in Germany by more than 1 percentage point, according to calculations from an economic institute. That duty would reduce gross domestic product by 1.2% one year after coming into effect, according to the study by the IAB Institute for Employment …

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Exclusive-Greece to repay first bailout loans by 2031, 10 years early

11 Apr 2025

By Lefteris Papadimas ATHENS (Reuters) – Greece will pay off loans granted under the first of three debt-crisis bailouts by 2031, two government officials told Reuters, as the country seeks to lose its label as the most indebted country in the European Union. The payments, which will come in 5-billion-euro ($5.7 billion) annual increments, will …

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Motor racing-Barilla makes pasta go faster with F1 sponsorship

11 Apr 2025

SAKHIR, Bahrain (Reuters) -Italian pasta maker Barilla became an official partner of Formula One on Friday in a multi-year deal that also represented a rare example of a former driver returning as a sponsor of the sport. The company’s vice-president Paolo Barilla, a Le Mans 24 Hours sportscar winner in 1985, raced in Formula One …

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German Birkenstocks, beer, and Riesling wine caught in US tariff crosshairs

11 Apr 2025

By Maria Martinez and Helen Reid BERLIN (Reuters) – In the Barbie movie, the iconic doll faces a pivotal decision: opt for her trademark but impractical sky-high stilettos or embrace the down-to-earth comfort of the quintessentially German Birkenstock sandal? Now, however, Barbie may have another consideration: price. U.S. President Donald Trump’s sweeping tariffs are poised …

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European markets functioning well, ECB attentive to FX movements, Lagarde says

11 Apr 2025

WARSAW (Reuters) – Euro zone financial markets are functioning well despite global turbulence and the European Central Bank is ready to deploy its financial instruments to maintain financial stability if necessary, ECB President Christine Lagarde said on Friday. Markets have endured a brutal week, marked by the eruption of an all-out trade war and a …

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