Reuters UK Business

(Reuters) – Spain’s Tecnicas Reunidas and Egypt’s Orascom have secured a $2.6 billion contract to expand a 3 gigawatt combined cycle gas-fired power plant in Saudi Arabia, the Egyptian engineering company said on Monday. The agreement, a 50-50 joint venture, will include readying carbon capture infrastructure and will include a 380-kilovolt (kV) electrical substation, Orascom …

Tecnicas Reunidas, Orascom secure $2.6 billion contract in Saudi Arabia Read More »

By Elisa Martinuzzi, Jesús Aguado, Balazs Koranyi, Stefania Spezzati, John O’Donnell (Reuters) -Some European central banking and supervisory officials are questioning whether they can still rely on the U.S. Federal Reserve to provide dollar funding in times of market stress, six people familiar with the matter said, casting some doubt over what has been a …

Some European officials weigh if they can rely on Fed for dollars under Trump Read More »

PARIS (Reuters) – LVMH label Loewe said on Monday that Jack McCollough and Lazaro Hernandez, the co-founders behind the New York fashion label Proenza Schouler, were appointed as the creative directors of the Spanish luxury house, effective April 7. They will replace creative director Jonathan Anderson who recently left Loewe after 11 years in the …

LVMH brand Loewe names two creative directors to replace Anderson Read More »

By William Schomberg LONDON (Reuters) -Britain will stick to its fiscal rules despite global upheaval, finance minister Rachel Reeves said on Sunday, raising the prospect of thousands of public sector job cuts in this week’s budget update which is likely to include further savings. Last October, in her first full budget, Reeves sought to win …

UK finance minister Reeves says she will stick to fiscal rules despite global turmoil Read More »

LONDON (Reuters) -British finance minister Rachel Reeves is eyeing spending cuts for government officials who work in departments to the value of over 2 billion pounds ($2.58 billion) a year by 2029-30, a cabinet office source said on Saturday. Reeves will likely announce belt-tightening measures to get back on track to meet her fiscal rules …

UK’s Reeves to set out 2 billion pounds civil service spending cuts Read More »

By Andy Bruce and Suban Abdulla LONDON (Reuters) -London’s Heathrow Airport resumed full operations on Saturday and ordered a probe into how it dealt with a power outage that shut Europe’s busiest air hub for almost a day as airlines warned of further delays and cancellations. British Airways, whose main hub is Heathrow, said it …

Heathrow Airport orders probe into shutdown as travellers endure days of disruption Read More »