Reuters UK Business

Ford offers across-the-board discounts, jumping on recent tariff-induced sales bump

3 Apr 2025

By Nora Eckert and Kalea Hall DETROIT (Reuters) -Ford Motor announced discounts across multiple models starting Thursday, leaning on its healthy inventory to offer customers thousands of dollars off as competitors hike prices to absorb tariff costs. Ford will offer employee pricing – a discounted rate available to its workers – to all customers, the …

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Sweden sees US tariff announcement as start of negotiations

3 Apr 2025

STOCKHOLM (Reuters) – Sweden sees the U.S. announcement of tariffs as the start of negotiations, in which the Nordic country aims to ultimately get as low tariffs as possible, Prime Minister Ulf Kristersson said on Thursday. U.S. President Donald Trump on Wednesday stoked a global trade war by imposing sweeping tariffs on imports from allies …

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Italy leans towards approving UniCredit bid for Banco BPM, sources say

3 Apr 2025

By Giuseppe Fonte and Valentina Za ROME (Reuters) – Italian bank UniCredit is on course to secure a conditional green light from the government in Rome over its plan to take over smaller rival Banco BPM, three sources familiar with the matter told Reuters. So-called golden powers allow Italy’s government to block or set conditions …

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EU Parliament votes to freeze sustainability rules

3 Apr 2025

By Kate Abnett BRUSSELS (Reuters) -European Union politicians on Thursday gave themselves more time to negotiate changes to exempt smaller businesses from sustainability reporting rules that European industry says put it a disadvantage. The European Commission in February proposed legal changes it named the “Simplification Omnibus” that would exempt thousands of smaller European businesses from …

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Nintendo Switch 2 to launch in June with $449.99 price tag

3 Apr 2025

By Sam Nussey TOKYO (Reuters) -Nintendo said it will launch its Switch 2 gaming device on June 5, with the long-anticipated successor to its hit hybrid home-portable Switch retailing for $449.99. The Kyoto based-company on Wednesday announced more details about the Switch 2 after a reveal in January. Analysts expect a smooth transition to the …

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Ukraine’s corn could benefit from US tariffs, analyst says

3 Apr 2025

By Pavel Polityuk KYIV (Reuters) -Ukrainian corn, a key element in the country’s grain sector, could benefit from the tariffs imposed by the U.S., as it is able to partially substitute for U.S. corn if retaliatory sanctions are imposed, analysts said on Thursday. U.S. President Donald Trump announced a 10% minimum tariff on most imports, with …

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Italy ends antitrust probe into Otis after elevator maker agrees to pay $1.6 million

3 Apr 2025

ROME (Reuters) -Italy’s competition authority (AGCM) has closed its investigation into Otis, it said on Thursday, after the U.S. elevator maker said it would refund Italian customers to the tune of around 1.45 million euros ($1.6 million). The company agreed to the payment without admitting any guilt, AGCM said in its ruling. The regulator’s investigation …

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UK publishes list of goods for potential US tariff response

3 Apr 2025

LONDON (Reuters) – Britain on Thursday published a list of goods that could be included in any retaliatory tariff response to U.S. President Donald Trump’s decision to impose import tariffs of 10% on the country. The government published the list as it opened a four-week consultation with businesses on the implications of any retaliatory tariffs. …

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Tariff fears were centre stage at ECB’s March meeting, accounts show

3 Apr 2025

FRANKFURT (Reuters) -ECB policymakers were already counting the potential cost of U.S. tariffs long before their introduction, arguing they would weigh on growth but have a more uncertain impact on inflation, the accounts of the bank’s March 5-6 meeting showed on Thursday. The bank cut interest rates for the sixth time since last June at …

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