Reuters UK Business

LONDON (Reuters) -British finance minister Rachel Reeves said on Wednesday she still intended to stick to her self-imposed fiscal rules until the end of the government’s term of office in 2029, despite global economic turmoil. Asked by a reporter if the government’s fiscal rules would remain unchanged for the whole parliament, Reeves replied: “Yes. Those …

UK’s Reeves says she still intends to keep fiscal rules for whole parliamentary term Read More »

By Sinead Cruise LONDON (Reuters) – Britain’s hopes of an equity capital market revival are weighing heavily on a secondary share trading platform that is sowing discord in the finance sector months before its launch. The Private Intermittent Securities and Capital Exchange System (PISCES) will give private company owners opportunity to sell their shares on …

Analysis-Banks to battle exchanges for fees on Britain’s new private share trading platform Read More »

By Elena Fabrichnaya and Gleb Bryanski MOSCOW (Reuters) -Russia’s Central Bank Governor Elvira Nabiullina won rare praise in parliament on Wednesday for shielding the economy from Western sanctions imposed in response to Moscow’s military operations in Ukraine, a sign she has cemented her position. Nabiullina has faced criticism in recent months over her handling of …

Russian central bank’s Nabiullina receives rare praise in parliament Read More »

By Alessandro Parodi, Gianluca Lo Nostro and Charlie Conchie (Reuters) – German unicorn 1Komma5 Grad has joined Sweden’s Klarna in reassessing plans for a U.S. float as President Trump’s renewable energy and trade policies have roiled markets. The energy startup, which uses AI to provide solar power, energy storage and e-mobility solutions, says after recent …

German tech startup 1Komma5 joins Klarna in shelving US IPO plans Read More »

By James Davey LONDON (Reuters) -British sportswear retailer JD Sports forecast little or no profit growth this year, even before any potential impact from U.S. tariffs, with the trading environment in its key markets expected to be “volatile”. Prior to Wednesday’s update, shares in FTSE 100-listed JD had lost over a third of their value …

Britain’s JD Sports flags little profit growth even without tariff hit Read More »

By Angeliki Koutantou and STAMOS PROUSALIS ATHENS (Reuters) – Thousands of Greeks gathered in Athens on Wednesday to demand higher wages to cope with rising living costs and a one-day strike left ferries docked at ports, flights grounded and trains at a standstill. Along with air traffic controllers, seafarers and train workers, municipal workers and …

Thousands protest in Athens as strike over wages halts ships, planes and trains Read More »

BEIJING (Reuters) – China on Wednesday vowed to take resolute and effective measures to safeguard its rights and interests, after U.S. President Donald Trump’s 104% duties on Chinese imports kicked in. “The U.S. continues to abuse tariffs to pressure China, China firmly opposes this and will never accept this kind of bullying,” Chinese foreign ministry …

China vows resolute measures as Trump’s 104% tariffs kick in Read More »