Reuters UK Business

ABB evaluating impact of Trump orders on diversity, equity and inclusion

ZURICH (Reuters) – ABB is evaluating the impact of U.S. President Donald Trump’s executive orders on diversity, equity and inclusion policies, the engineering company said on Thursday, although it has made no changes to its operations. “We will comply with all laws and regulations wherever we operate,” the Swiss company said on Thursday. (Reporting by …

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Shell aims to bring gas from Venezuela to Trinidad in 2026, sources say

By Curtis Williams HOUSTON (Reuters) – Shell Plc is aiming to begin producing natural gas at Venezuela’s Dragon gas field and exporting it to neighboring Trinidad and Tobago in 2026, a year ahead of the original 2027 start date, according to two people familiar with the project. The project illustrates industry hopes that there will …

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Analysis-North American biofuels sector contracts amid trade and policy uncertainty

By Karl Plume and Ed White CHICAGO/WINNIPEG (Reuters) – U.S. and Canadian biofuel companies are throttling back production to limit losses amid uncertainty over U.S. President Donald Trump’s approach to green fuel subsidies and the potential for a worsening trade war. The splintering relationship between the North American neighbors could upend a multi-year biofuel industry boom …

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Ukraine prepares to ease wartime capital controls further to help exporters

By Olena Harmash KYIV (Reuters) – Ukraine’s central bank is preparing to further ease some of its wartime capital controls, it said on Thursday, as it looks for ways to support exporters in generating economic growth. Kyiv imposed tight capital controls and restrictions on the foreign exchange market to prevent capital flight and maintain macroeconomic …

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Traders trim UK rate cut bets as Bank of England flies blind on tariffs

By Harry Robertson and Naomi Rovnick LONDON (Reuters) -UK markets dialled down wagers on further Bank of England rate cuts on Thursday after the central bank held borrowing costs and stressed the high levels of uncertainty facing policymakers over potential U.S. tariffs. Gilt yields rose and the pound initially trimmed its losses. Investors also had …

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Monte dei Paschi expects necessary approvals for Mediobanca bid by end-June, CEO says

MILAN (Reuters) -Monte dei Paschi expects to receive all the relevant approvals to launch its takeover offer for Mediobanca by the end of June, Chief Executive Luigi Lovaglio said on Thursday. Speaking at Morgan Stanley’s European Financials Conference in London, Lovaglio also said the stake in Generali which makes Mediobanca the biggest investor in the …

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Insurer Prudential’s annual profit rises, company bullish on future growth

By John Biju and Adwitiya Srivastava (Reuters) – Prudential PLC posted a solid increase in annual profit on Thursday, propelled by strong growth in most of its segments, and robust demand for insurance products in Hong Kong and Singapore. The London- and Hong Kong-listed insurer expects to grow new business profit and basic earnings per …

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