By Rachel More BERLIN, Dec 17 (Reuters) – Continental has appointed Christian Koetz, a three-decade veteran of its tyre business, to become its next CEO as the German autos supplier looks to complete an overhaul to focus on its core tyre operations. Nikolai Setzer, 54, is stepping down as CEO by mutual agreement after more …
Continental picks tyre veteran as CEO to focus on core business Read More »
By David Milliken and Suban Abdulla LONDON, Dec 17 (Reuters) – British inflation fell much more sharply than forecast in November to 3.2%, its lowest since March, from 3.6% in October, official data showed on Wednesday, cementing market expectations that the Bank of England will cut interest rates on Thursday. The decline in inflation reflected …
UK inflation unexpectedly tumbles, firming Bank of England rate cut bets Read More »
LONDON, Dec 17 (Reuters) – British industrial orders fell again in December but by the smallest amount since September, while the expected decline in output was also less severe, the Confederation of British Industry said on Wednesday. The CBI’s monthly order book balance rose to -32 in December from -37 in November after weakening in …
Decline in UK industrial orders eases slightly, CBI says Read More »
(Fixes headline tag) By Joice Alves LONDON, Dec 17 (Reuters) – Sterling was set for its biggest one-day drop in weeks on Wednesday as investors added to bets that the Bank of England will cut rates on Thursday after data showed British inflation unexpectedly fell sharply in November. British consumer price inflation fell to 3.2% …
Sterling tumbles as declining inflation cements BoE cut bets Read More »
(Corrects paragraph 7 to clarify that analysts had expected a slight improvement in margins, not that those were the company’s previous expectations) Dec 17 (Reuters) – Bunzl’s warning of a drop in its operating margin next year in the face of continuing cost pressures sent the business supplies distributor’s shares down as much as 8% …
By Leo Marchandon Dec 17 (Reuters) – A privacy advocacy group, noyb, filed complaints to Austria’s data protection authority on Wednesday against TikTok, Grindr and AppsFlyer, alleging these companies breached regional privacy laws, risking exposure of sensitive data. Vienna-based organization None of Your Business, or noyb, alleged the companies violated European Union privacy laws by …
TikTok monitored Grindr activity through third-party tracker, privacy group alleges Read More »
By Maria Martinez BERLIN, Dec 17 (Reuters) – German business morale unexpectedly fell in December, a survey showed on Wednesday, as Europe’s largest economy continues to struggle to growth. The Ifo institute said its business climate index fell to 87.6 this month from a slightly downwardly revised 88.0 in November. Analysts polled by Reuters had …
German business sentiment unexpectedly falls in December, Ifo survey finds Read More »
By Sergio Goncalves LISBON, Dec 17 (Reuters) – Portugal’s centre-right minority government has said it will amend labour reform legislation to appease trade unions following the country’s first general strike in more than a decade. The proposed overhaul of over 100 articles of the labour code is an important part of the government’s agenda to …
Portugal’s government to amend labour reform after general strike Read More »
LONDON, Dec 17 (Reuters) – British house prices in October were 1.7% higher than a year earlier, the smallest annual rise since September 2024 and down from a downwardly revised increase of 2.0% in September, data from the Office for National Statistics showed on Wednesday. Private-sector rental growth slowed to 4.4% in the 12 months …
Growth in UK house prices and private rents slows Read More »
By Kate Abnett BRUSSELS, Dec 17 – The European Union will expand its carbon border levy – a fee charged on imports of high-emission goods – to cover car parts and washing machines, under European Commission proposals published on Wednesday. The plans would also tighten loopholes that the Commission worries could allow foreign firms to …
EU to strengthen carbon levy on high-emission imports, crack down on attempted evasion Read More »
