Reuters UK Business

LONDON (Reuters) -Britain’s Prudential Regulation Authority (PRA) is proposing changes to help insurers accelerate investment in the country, responding to the government’s call to cut red tape in favour of economic growth. Finance minister Rachel Reeves, whose pre-election promise of driving faster economic growth is looking increasingly challenged, has been urging regulators to develop policies …

UK regulator aims to speed up insurance investment to boost growth Read More »

VILNIUS (Reuters) – Lithuania’s central bank has fined Britain’s most valuable start-up Revolut 3.5 million euros ($3.83 million) for failures in money-laundering prevention, the bank said on Monday. The British fintech company, which is headquartered in London, is operating in the European Union under a Lithuanian licence and is under the supervision of the European …

Lithuania fines Revolut 3.5 million euros for money-laundering prevention failures Read More »

By Foo Yun Chee BRUSSELS (Reuters) – An EU decision on whether Apple and Meta have breached landmark tech rules aimed at curbing their market power will be issued in the coming weeks, antitrust chief Teresa Ribera told European Parliament lawmakers on Tuesday. The European Commission has been investigating Apple and Meta Platforms since March …

EU decisions on Apple, Meta due in coming weeks, antitrust chief says Read More »

MILAN (Reuters) – Stellantis’ Italian auto production dropped further in the first quarter after output in the country fell to an almost 70-year low in 2024, the FIM Cisl union said on Tuesday, as new models will not support activity before next year. Vehicle production in the January-March period, comprising passenger cars and vans was …

Stellantis output in Italy fell further in first quarter, union says Read More »

ATHENS -European Central Bank policymaker Yannis Stournaras said on Tuesday that likely higher inflation and a global trade war following U.S. President Donald Trump’s imposition of tariffs could delay normalization of euro zone monetary policy. “Any further resurgence in inflation or inflation expectations could delay or even halt the process of monetary policy normalization, worsening financial …

ECB’s Stournaras says higher inflation due to tariffs could delay monetary policy normalisation Read More »