By Andy Bruce MANCHESTER, England (Reuters) -“We won’t have to do a budget like this ever again,” Britain’s finance minister Rachel Reeves declared a year ago, insisting she had restored stability to the public finances on her first attempt and would not be coming back for more tax rises. When Reeves presents her second annual …
UK’s Rachel Reeves nears moment of truth with tax-heavy budget Read More »
By Gleb Stolyarov (Reuters) -Russia’s depressed car market has shown weak signs of recovery as 2025 draws to an end, but is set to hit near-record lows early next year as higher scrappage fees drive up prices, dealers and experts say. Far from signalling a genuine rebound, a jump in sales of new cars in …
Russia’s car market faces bleak 2026 as scrappage fees drive prices up Read More »
MILAN (Reuters) -Shell has signed a long-term deal to supply Ferrari with renewable energy until the end of 2034 to help the luxury carmaker to reduce carbon emissions, the oil and gas group said on Tuesday. Such power purchase agreements – long-term contracts under which a company buys electricity directly from a producer – have …
Shell and Ferrari sign long-term green power supply deal Read More »
WARSAW (Reuters) -Poland’s anti-monopoly office UOKiK is investigating whether Apple is restricting competition in the mobile advertising market through its privacy policy, it said on Tuesday. The regulator suspects that the tech giant’s App Tracking Transparency (ATT) framework, introduced in iOS 14.5 and later versions, could limit third-party apps’ ability to collect user data for …
Polish antitrust watchdog investigates Apple over privacy policy Read More »
(Reuters) -Britain’s Hilton Food said on Tuesday Steve Murrells is stepping down as its chief executive officer, with Mark Allen transitioning to an executive chair role, as the meat and seafood supplier considers CEO succession. The company has faced severe operational challenges in its seafood division and persistent inflation, leading to a profit warning and …
By Joanna Plucinska and Yamini Kalia LONDON (Reuters) -British carrier easyJet reported better-than-expected full-year operating profit on Tuesday and upgraded its medium-term target for its holidays business after meeting the previous goal early. European airlines have reported mixed results in the final quarters of the year as spiraling costs and repercussions from air traffic control …
UK’s easyJet beats annual profit expectations, lifts target for holidays business Read More »
(Reuters) -The European Central Bank is examining claims that Deutsche Bank underplayed risks in its balance sheet and gave a misleading picture of its financial health, the Financial Times reported on Tuesday. The ECB is reviewing allegations made by former employee Dario Schiraldi, who is suing the bank, including claims about Deutsche’s use of so-called …
ECB reviews claims Deutsche Bank downplayed financial risks, FT reports Read More »
By Vladimir Soldatkin MOSCOW (Reuters) -Igor Sechin, one of the most influential men in Russia’s energy sector, said on Tuesday that sanctions imposed by the United States, European powers and their allies on Russia and China will trigger an economic crisis in the West. The West has slapped waves of sanctions on Russia since it …
Russia’s Sechin says the West could face economic crisis due to sanctions Read More »
(Reuters) -Britain’s Domino’s Pizza Group said on Tuesday that its CEO Andrew Rennie had stepped down, and would be replaced by Chief Operations Officer Nicola Frampton, on an interim basis. The move comes at a time when the pizza chain operator is broadening its focus beyond its core pizzas to drive growth in a challenging …
UK’s Domino’s Pizza CEO steps down as strategy shift takes hold Read More »
(Reuters) -ABN Amro plans to cut 5,200 full-time jobs by 2028, it said on Tuesday ahead of its capital markets day, as the Dutch bank seeks to deliver on its cost-cutting promises and focus on its mortgage business. The lender also announced the sale of its personal loan business Alfam to domestic peer Rabobank, and …
