By Giulia Segreti ROME (Reuters) – Europe’s top missile maker MBDA will invest in production and hire more workers at its Italian unit this year in order to lift output and speed up deliveries, seeking to hold on to its central position in the sector and fend off new competitors. In a booming defence industry, …
Missile maker MBDA to invest in Italy unit to boost production Read More »
(Reuters) -British medical device maker Niox Group said on Thursday it had received a sweetened buyout proposal from Parisian private equity firm Keensight Capital, valuing the company at 322.4 million pounds ($417.48 million). Shares of Niox rose as much as 25%. The new proposal of 81 pence per share, from 78 pence previously, represents a …
UK’s Niox Group receives sweetened buyout proposal from Keensight Capital Read More »
ZURICH (Reuters) – Financial stability would be best served by UBS fully capitalising its foreign units, Swiss National Bank Vice Chairman Antoine Martin said on Thursday, weighing in on a debate that has fed uncertainty about the rules the nation’s sole global bank faces. In response to the 2023 collapse of Credit Suisse, the Swiss …
BERLIN (Reuters) – Germany, lagging in its building goals to alleviate a housing shortage, needs to construct 320,000 new apartments each year by 2030, a study on Thursday showed. Authorities granted permits for the building of just under 216,000 apartments in 2024, as Europe’s largest economy navigates its worst real-estate crisis in decades, keeping a …
Germany must build 320,000 apartments yearly to meet housing demand, study shows Read More »
(Reuters) – The Bank of England on Thursday allotted a record 62.509 billion pounds ($80.94 billion) in seven-day funds in its weekly short-term repo operation, higher than a previous record of 61.146 billion pounds set last week. ($1 = 0.7723 pounds) (Reporting by Andy Bruce; editing by Suban Abdulla)
FRANKFURT (Reuters) -Europe’s dependence on American payment providers leaves it open to economic coercion, European Central Bank chief economist Philip Lane said on Thursday, outlining a key risk in the deteriorating relationship between Europe and the U.S. Europe has been reevaluating its ties with the U.S. since President Donald Trump said the EU had been …
Europe exposed to economic coercion via payment schemes, ECB warns Read More »
BERLIN (Reuters) – Around 3,000 workers at Tesla’s German plant signed a union petition for longer breaks and more staff, even as the company said most workers were satisfied with their jobs, in a sign of ongoing strife between unions and the U.S. EV maker. At a works council meeting on Thursday, representatives of the …
By John Revill ZURICH (Reuters) -The Swiss National Bank cut its main interest rate to just above zero on Thursday and flagged increased uncertainty over the global impact of U.S. President Donald Trump’s trade policies. The SNB reduced its policy rate by a quarter point to 0.25%, its fifth successive cut since it started lowering …
Swiss National Bank flags economic uncertainty after latest rate cut Read More »
(Reuters) – German meal-kit maker HelloFresh sees a potential impact in the lower double digit euro million number from U.S. tariffs, its finance chief said on Thursday. The company sources certain vegetables from Mexico, for example, Chief Financial Officer Christian Gaertner said, so tariffs would have some impact. “It would be a lower double digit …
HelloFresh sees potential hit from US tariffs, CFO says Read More »
allowed the MPC to withdraw gradually some degree of policy restraint, while maintaining Bank Rate in restrictive territory so as to continue to squeeze out persistent inflationary pressures. Since the MPC’s previous meeting, global trade policy uncertainty has intensified, and the United States has made a range of tariff announcements, to which some governments have …
