Reuters UK Business

BERLIN (Reuters) – Germany’s economy minister and its autos association slammed Donald Trump’s newly-announced 25% tariff on imported vehicles to the U.S. as bad for European and U.S. economies, calling for urgent negotiations to ward off a spiralling trade war. Shares in Volkswagen, the most exposed among German carmakers to tariffs because of its large …

German minister, autos lobby call for urgent EU-US talks over tariffs Read More »

By Catarina Demony LONDON (Reuters) – Welfare cuts announced by Britain on Wednesday will drive 250,000 into relative poverty by the end of the decade and leave millions of families with less cash, according to the government’s own estimates. However, it said the estimates did not take into account new government policies that will support …

UK government’s own estimate says welfare cuts to push 250,000 into poverty Read More »

(Reuters) -UK’s Warehouse REIT said on Thursday it could recommend Blackstone’s 489 million-pound ($631.5 million) final all-cash takeover proposal if the asset manager comes up with a firm offer. Earlier this week, the warehousing specialist said it was evaluating the 115 pence-per-share proposal, which was a 4% increase from the previous one made jointly by …

UK’s Warehouse REIT could back Blackstone’s $632 million bid in case of a firm offer Read More »

By Kate Holton and William James LONDON (Reuters) -U.S. President Donald Trump emerged as one of the biggest threats hanging over the British economy on Wednesday, when the country’s fiscal watchdog said slow growth and a heavy debt burden made it especially vulnerable to his proposed tariffs. Finance minister Rachel Reeves delivered a politically unpopular …

Trump tariffs loom over Britain’s debt-laden economy Read More »

(Reuters) – U.S. President Donald Trump said on Thursday that larger tariffs could be placed on the European Union and Canada if they both work together “to do economic harm to the USA.” “If the European Union works with Canada in order to do economic harm to the USA, large scale tariffs, far larger than …

Trump says larger tariffs could be imposed on Canada, EU if they cause US ‘economic harm’ Read More »

(Reuters) -Britain’s vehicle output, including those of electric and hybrid automobiles, fell in February, industry data showed on Thursday, underscoring the persistent challenges faced by the auto sector amid escalating global economic uncertainties. Total car and commercial vehicle production fell nearly 12% from a year ago to 82,178 units last month, according to data from …

UK vehicle output falls in February, industry data shows Read More »