By Anandita Mehrotra and Chandini Monnappa -Saga, Britain’s over-50s travel and insurance group, expects profit for fiscal 2025/26 to be lower than the prior year, due to weaker cash flow, higher financing and restructuring costs, it said on Wednesday. Saga has been taking steps to return its core focus to travel, which is experiencing a …
Holiday group Saga forecasts lower annual profit on higher costs Read More »
MUNICH (Reuters) – Germany’s Deutz, whose engines go into farming and construction vehicles, said it plans to fully add tariffs to prices it charges U.S. customers, partly because many of the group’s rivals are also based outside the United States. “It will have the effect that everything will be passed along to customers,” CEO Sebastian …
German engines maker Deutz will pass US tariffs on to customers, CEO says Read More »
By Dominique Vidalon and Sudip Kar-Gupta PARIS (Reuters) -The head of France’s Medef business lobby group warned on Wednesday that sweeping U.S. tariffs could hit economic growth and lead to a recession, and he urged authorities to act to make French businesses more competitive. “The risk is that growth will stall and that we go …
French lobby head urges action to make business more competitive as tariffs kick in Read More »
By Shashwat Awasthi (Reuters) -British recruiter PageGroup said it would cut costs by 15 million pounds ($19.3 million) after its first-quarter earnings fell 9%, and did not issue a financial forecast amid “increasingly unpredictable” conditions due to U.S. tariffs. “Given the recent introduction of tariffs and the resultant market uncertainty, we are not providing forward-looking …
UK’s PageGroup to slash costs by $19 million, withholds outlook amid tariffs Read More »
ZURICH (Reuters) – Swiss firms are concerned U.S. tariffs will hit demand in the United States, spark an economic downturn and put them at a disadvantage against rivals, a survey showed on Wednesday. The April 3-4 poll of 94 Swiss industry groups and companies by business group Economiesuisse showed that 49% were strongly or very …
Nearly half of Swiss firms expect major hit from U.S tariffs, survey shows Read More »
PARIS (Reuters) – French industry minister Marc Ferracci on Wednesday urged French companies to suspend their investments in the United States, given clashes between France and Europe with U.S. President Donald Trump’s administration over tariffs. “We are saying, suspend your investments, given this very complicated moment in time. We are currently in a situation of …
French minister urges French companies to suspend investments in U.S Read More »
AMSTERDAM (Reuters) -Dutch lender Rabobank said on Wednesday it had failed to reach a settlement with prosecutors in their investigation into the bank’s alleged failure to prevent money laundering. Prosecutors in a separate statement said they would now take the case to court. They said the bank had failed for years to properly vet its …
Dutch Rabobank to face court case over failure to stop money laundering Read More »
OSLO (Reuters) – Equinor’s trading unit will report relatively weak results from liquids and LNG trading in the first quarter of 2025, the Norwegian company said in a briefing to analysts on Wednesday. The Marketing, Midstream & Processing (MMP) unit also faces extra costs during the quarter of around $100 million from the drilling of …
Equinor sees weak liquids, LNG trading income in Q1 Read More »
By Libby George LONDON (Reuters) – A British lawmaker has introduced a private member’s bill that would set new rules around debt restructurings in a push to speed up negotiations for poor countries struggling with unsustainable debt. Bambos Charalambous, who introduced the bill late last year, said support from other members of parliament had grown …
UK bill aims to speed debt restructuring for poor countries Read More »
By Mimosa Spencer PARIS (Reuters) -Growing fears that Donald Trump’s tariff blitz will plunge the world into recession are dashing hopes in the $400-billion-a-year luxury industry that wealthy Americans might help to pull it out of the biggest slump in years. One Wall Street analyst now expects worldwide sales of luxury goods will fall by …
Global market rout darkens outlook for European luxury labels Read More »
