LONDON (Reuters) – Britain approved the expansion of London’s Luton Airport on Thursday, giving the green light to the building of a new terminal which will allow passenger numbers at the capital’s fourth busiest hub to jump by almost 80%. Britain’s Labour government, elected last July, has put speeding up the planning process to deliver …
By Mark John, Francesco Canepa and Leika Kihara LONDON/TOKYO (Reuters) -The latest round of U.S. trade tariffs unveiled on Wednesday will sap yet more vigour from a world economy barely recovered from the post-pandemic inflation surge, weighed down by record debt and unnerved by geopolitical strife. Depending on how President Donald Trump and leaders of …
Analysis-Trump tariffs pile stress on ailing world economy Read More »
BRUSSELS (Reuters) – Belgian Prime Minister Bart De Wever called a U.S.-EU trade war following the announcement of U.S. import tariffs “wealth-destroying protectionist madness” during a parliament session on Thursday, and said “stupidity should not be met with stupidity”. In a later interview with Belgian public broadcaster VRT, he added that while countermeasures are necessary, …
Belgian PM calls a U.S.-EU trade war wealth-destroying madness Read More »
(Reuters) -Tesla sales in Germany dropped in March compared with the same time last year and were marginally lower in the UK, despite a spike in overall EV sales in both markets, data showed on Thursday. Elon Musk’s all-electric brand sold 2,229 cars in Germany and 7,220 in Britain, down respectively 42.5% and 0.6% from …
Tesla’s March sales dive in Germany, edge down in UK Read More »
COPENHAGEN (Reuters) -Danish jeweller Pandora said on Thursday it estimates the total impact of U.S. tariffs on the company to be around 1.2 billion Danish crowns ($178.34 million) per year, before any mitigating actions by the company. Pandora’s share price plunged 12% on Thursday to a 15-month low after U.S. President Donald Trump hiked duties …
Jeweller Pandora sees annual U.S. tariff impact of $178 million Read More »
MILAN (Reuters) – Italian coffee maker Lavazza plans to press ahead with expansion in the U.S. market, it said on Thursday, adding it would assess the potential impact of tariffs on its Brazilian beans before making a decision on boosting local production. The group currently produces locally around half of what it sells in the …
Lavazza plans US expansion amid Brazil coffee tariff concerns Read More »
ZURICH (Reuters) – Regulatory uncertainty is weighing on the valuation of UBS and other European lenders and the Swiss bank’s integration of its former rival Credit Suisse has placed an added burden on it, UBS CEO Sergio Ermotti said on Thursday. “European banks have a 20% discount for regulatory uncertainty,” Ermotti said at an event …
Regulatory uncertainty weighing on UBS, CEO Ermotti says Read More »
By Niket Nishant (Reuters) – U.S. crypto stocks declined on Thursday after President Donald Trump’s latest round of sweeping tariffs rattled investor confidence due to rising global trade tensions, sparking a sell-off in riskier assets. Crypto exchange Coinbase Global fell about 7.7%, while major bitcoin holder Strategy dropped 5.6%. Among miners, MARA Holdings, Riot Platforms …
U.S. crypto stocks slide as Trump’s sweeping tariffs jolt markets Read More »
By Jan Lopatka PRAGUE (Reuters) – Czech-based defence firm CSG expects a surge in demand as Europe seeks to rearm, predicting on Thursday further double-digit growth after revenue and profits more than doubled last year. European countries are hastening to boost defence spending and maintain support for Ukraine after U.S. President Donald Trump froze U.S. …
Czech defence group CSG expects European rearmement to drive growth Read More »
LONDON (Reuters) -Britain on Wednesday published a 400-page list of U.S. goods it could include in any possible retaliatory tariff response to President Donald Trump’s levies on British imports, even as it pressed ahead with talks to reach an economic deal with Washington. The “indicative long list” of products included everything from binoculars and bourbon …
UK lists thousands of US goods which could face any retaliatory tariffs Read More »
