LONDON (Reuters) -Britain’s finance ministry said on Friday that finance minister Rachel Reeves plans to raise around 500 million pounds ($655 million) a year by removing an exemption from tariffs for imports of individual goods costing under 135 pounds. Reeves has pledged not to increase the cost of living for British households in her annual …
UK to levy $655 million of new tariffs on low-value imports Read More »
(Reuters) -British finance minister Rachel Reeves’ budget tax raid on salary sacrifice schemes is set to raise 3 billion pounds to 4 billion pounds ($3.93 billion to $5.24 billion), hitting businesses and encouraging employers to cut pension payments to staff, the Financial Times reported on Friday. Reeves is expected to need to raise tens of …
UK budget pensions tax raid to raise over 3 billion pounds, FT reports Read More »
By Tassilo Hummel and Emilio Parodi PARIS/MILAN (Reuters) -Kering’s new CEO Luca De Meo plans to set up a new unit to scout for up-and-coming brands to invest in, documents seen by Reuters show, as he seeks to tap new revenue streams and trim the group’s reliance on struggling Gucci. The move would see the …
LONDON (Reuters) -An independent director on the BBC’s board, Shumeet Banerji, has quit on Friday in the wake of what the public broadcaster said was an incorrect edit of a speech by President Donald Trump and which has prompted the threat of a $5 billion lawsuit. Banerji, who also serves on the board of Indian …
BBC board member Banerji resigns after Trump documentary edit Read More »
(Corrects paragraph 4 to say capital increase will be used for sustainability programme, not reorganization plans) (Reuters) -Abu Dhabi state oil firm ADNOC and Germany’s Covestro have received the final outstanding regulatory approval from the German economy ministry for their 14.7 billion euro ($16.9 billion) takeover deal, the chemicals company said on Friday. Covestro said …
ADNOC’s Covestro takeover gets final regulatory approval in Germany Read More »
By May Angel and Marcelo Teixeira NEW YORK (Reuters) -Global coffee prices plunged on Friday after U.S. President Donald Trump removed 40% tariffs on imports of many Brazilian agricultural products, including green coffee beans. U.S. retail coffee prices rose an annual 40% in September, due in part to tariffs. Rising food prices are a major …
Global coffee prices plunge after Trump removes tariffs on Brazil Read More »
(Reuters) -Independent proxy advisory firm Glass Lewis on Friday recommended Teck Resources shareholders to vote in favor of a deal to combine with Anglo American. The planned merger, which was first announced in September, marks the copper mining sector’s second-biggest M&A deal ever, with the combined market capitalisation exceeding $53 billion. Glass Lewis said in …
Glass Lewis recommends Teck Resources to vote in favor of deal with Anglo American Read More »
By Emma Farge GENEVA (Reuters) -The International Committee of the Red Cross will reduce its 2026 budget by nearly a fifth to 1.8 billion Swiss francs ($2.2 billion) and cut 2,900 jobs, it said in a statement on Friday, as its top donor the United States and others pare back support. Aid budgets face a huge …
Red Cross to shed nearly 3,000 jobs, scale back budget amid donor fatigue Read More »
PARIS/BERLIN (Reuters) -Germany and France are piling pressure on industrial leaders to find a solution for the troubled joint fighter jet project FCAS – or SCAF – by mid-December, two sources briefed on the matter told Reuters on Friday. Speaking on condition of anonymity, one of the sources said the CEOs of the companies involved …
Berlin, Paris push companies for fighter jet agreement by mid-December Read More »
By Charlie Conchie LONDON -The operator of the Swiss and Spanish stock markets is weighing acquisitions and the launch of a pan-European equity exchange for small and medium-sized firms, its chief executive told Reuters. SIX Group, which owns the SIX Swiss stock exchange in Zurich, BME in Madrid and Aquis in London, is eyeing a number of …
SIX Group weighs pan-European SME exchange, acquisitions Read More »
