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German government monitoring tariff fallout ‘very closely’, spokesperson says

7 Apr 2025

BERLIN (Reuters) – Germany’s outgoing Chancellor Olaf Scholz is in touch with European leaders and German companies to make sense of U.S. President Donald Trump’s sweeping tariff regime and its impact on financial markets, a government spokesperson said on Monday. “We are of course monitoring the situation on the international financial markets very closely,” the …

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Ferrexpo’s iron ore pellet output slumps 26% as Ukraine halts VAT refund

7 Apr 2025

(Reuters) -Ukraine-focused miner Ferrexpo reported a 26% drop in first-quarter iron ore pellet production on Monday, as a suspension of its VAT refunds in the country cut liquidity and forced it to scale back operations. Shares in the London-listed company pared some earlier losses to trade 4.9% lower at 45.5 pence by 0910 GMT, amid …

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UK to consult on cutting red tape for asset managers

7 Apr 2025

LONDON (Reuters) – Britain on Monday began a consultation on changing the rules governing Alternative Investment Fund Managers as it looks to remove barriers to investment and boost economic growth. City Minister Emma Reynolds said changes to the system would remove “costly regulation that prevents asset management firms from growing and provide capital for businesses …

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Exclusive-Fearing further market meltdown, Germany’s Merz calls for swift action on tariffs

7 Apr 2025

By Andreas Rinke BERLIN (Reuters) – Chancellor-in-waiting Friedrich Merz called on Monday for swift action to secure Germany’s competitiveness in response to sliding stock and bond markets, following U.S. President Donald Trump’s announcement of sweeping tariffs. Major stock indexes plunged on Monday as Trump showed no sign of backing away from his tariff plans, and …

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UK’s FCA considers tailored rules for investment firms

7 Apr 2025

(Reuters) – Britain’s Financial Conduct Authority said on Monday it is considering creating bespoke rules in the UK for investment trusts and venture capitalists to make it easier for such firms to enter the asset management market. (Reporting by Raechel Thankam Job in Bengaluru; Editing by Saumyadeb Chakrabarty)

MTN teams up with UK’s Synamedia to launch African streaming platform

7 Apr 2025

JOHANNESBURG (Reuters) – MTN Group, Africa’s biggest mobile operator, said on Monday it has entered into a strategic partnership with UK video software maker Synamedia to develop a new streaming platform tailored for mobile and fibre subscribers across Africa. Launched in 1994, MTN Group has diversified from just providing voice calls and data, to being …

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Britain to relax EV targets as automakers reel from tariffs

7 Apr 2025

By Sarah Young and Janaki Venugopalan LONDON (Reuters) -Britain softened demands on automakers to switch to production of electric vehicles on Monday, seeking to alleviate pressure on an industry left reeling from U.S. President Donald Trump’s tariffs. The sector welcomed the move, but said the government needed to go further to protect it from the …

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Ireland sees EU consensus for ‘calm, measured’ response to Trump tariffs

7 Apr 2025

DUBLIN (Reuters) – Ireland’s trade minister on Monday said he believes there is a strong consensus among European Union countries for a “calm, measured” response to U.S. President Donald Trump’s tariffs and that U.S. digital services will not be targeted at this point. “I’ve spoken to most of my European counterparts… and my strong sense …

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EU’s Sejourne: hopes bourbon will be spared in response to Trump tariffs

7 Apr 2025

PARIS (Reuters) – European Commissioner for Industrial Strategy Stephane Sejourne said the European Union’s response to U.S. tariffs should be “proportionate” and hoped bourbon will be dropped from a list of U.S. imports that could be slapped with additional tariffs. The European Commission, which coordinates EU trade policy, will propose to members late on Monday …

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