By Victoria Waldersee BERLIN (Reuters) – Volkswagen is working on back-up plans for how its passenger car brand could tackle U.S. tariffs on imports from Mexico, while BMW is preparing to absorb the cost, as the auto industry reels from U.S. President Donald Trump’s chaotic trade policy. Last week, the White House granted some of …
VW readies back-up plans, BMW ready to absorb extra costs as US tariffs loom Read More »
By Victoria Waldersee BERLIN (Reuters) -Volkswagen is working on back-up plans for how its passenger car brand could tackle U.S. tariffs on imports from Mexico, while BMW is preparing to absorb the cost, as the auto industry reels from U.S. President Donald Trump’s chaotic trade policy. Last week, the White House granted some of the …
VW readies back-up plans, BMW ready to absorb extra costs as US tariffs loom Read More »
By Lucy Raitano (Reuters) – The British pound fell slightly against a firmer dollar on Thursday but remained close to four-month highs, bolstered by the UK’s relatively measured approach to U.S. trade ructions. The pound was last down 0.15% at $1.2941, having hit $1.299 on Wednesday, its highest level since November 7. “It’s mostly a …
Sterling stays near four-month highs as UK avoids tariff tit-for-tat Read More »
By Anna Peverieri and Alban Kacher (Reuters) -Dutch tank storage company Vopak on Thursday doubled its planned investments in gas and industry, committing another 1 billion euros ($1.1 billion) to the sectors through 2030. Vopak, which provides storage and handling services to key energy and manufacturing end markets, said its growth strategy was supported by …
Vopak to invest further 1 billion euros in industrial and gas terminals by 2030 Read More »
By Tom Sims and Alexander Hübner FRANKFURT (Reuters) – Deutsche Bank on Thursday labelled the auto sector as a key risk, a bleak warning from Germany’s largest lender as the nation lines up big spending in defence and infrastructure. The bank pointed to potential U.S. tariffs, a challenging economy, a slow transition to electric vehicles, …
Deutsche Bank flags auto sector as key risk as Germany pivots to defence Read More »
MILAN (Reuters) – Italian prosecutors said on Thursday they had wrapped up their initial investigation of 12 people from Telecom Italia (TIM) and two content providers over alleged fraud through the unauthorised activation of services to customers. The act of closing a probe is the final step before a prosecutor’s office can request the trial …
Italy concludes first stage of probe into former TIM employees over alleged phone scams Read More »
By Amy Tennery NEW YORK (Reuters) -The National Football League has signed its first-ever pharmaceutical partner in a multi-year deal with Switzerland-based firm Novartis, a league source told Reuters on Thursday. The partnership focuses on the NFL’s health initiatives, including its annual health and safety summit, as well as its “Crucial Catch” cancer awareness program. …
NFL signs Novartis as first pharmaceutical partner-source Read More »
By Karol Badohal WARSAW (Reuters) – The European Investment Bank expects to at least double or triple the funding it provides for defence projects in 2025, its vice president said on Thursday, as the EU races to boost security spending by at least 800 billion euros over four years. U.S. President Donald Trump’s upending of …
European Investment Bank expects to double or triple defence spending in 2025 Read More »
By Iain Withers and Naomi Rovnick LONDON (Reuters) -Britain’s biggest asset manager Legal & General will buy more defence stocks and supports the prospective launch of EU-wide defence bonds, its chief investment officer said on Thursday, as geopolitical tensions drive cash into the sector. The defence sector has come into sharper focus as Europe steps …
UK investor Legal & General to buy more defence stocks Read More »
By Elena Fabrichnaya MOSCOW (Reuters) – Moscow is unwilling for now to discuss the unblocking of foreigners’ funds in Russia while its own sovereign and private assets remain frozen overseas, Deputy Finance Minister Ivan Chebeskov said on Thursday. Around $300 billion of Russian financial assets, such as major currencies and government bonds, were frozen abroad, …
Too early to discuss unblocking foreign funds in Russia, finance ministry says Read More »
