(Reuters) – Britain’s iconic brand Debenhams has made a comeback after online fashion retailer Boohoo said on Tuesday it was rebranding itself as Debenhams and pivoting to a marketplace model to drive growth, profitability and cash generation. Here is a timeline of how the department store chain Debenhams went from the highs of being a …
Britain’s iconic Debenhams’ path to resurrection Read More »
LONDON (Reuters) – Britain will not impose retaliatory trade tariffs in response to U.S. duties on all steel and aluminium imports which are due to come into force on Wednesday, a British government official said on Tuesday. While the European Union plans to hit back against the 25% US tariffs on imports of the metals, …
UK will not respond to US steel tariffs, British official says Read More »
By Gergely Szakacs BUDAPEST (Reuters) – Central Europe’s export-dependent economies face risks from slowing world trade growth, which could be mitigated with reforms and the removal of remaining trade barriers in the EU, the International Monetary Fund said. Central European nations are among the European Union’s most reliant on foreign trade, with exports as a …
Central Europe’s economies should reform to respond to slowing trade growth, IMF says Read More »
(Reuters) – Global ratings agency Fitch said on Tuesday that Boeing Co made early progress in resuming production post-strike, reducing legacy inventory, and managing supply chains. Fitch added that it believes the initial post-strike operational progress paves the way for the planemaker to produce 38 units per month in the third quarter. (Reporting by Nathan …
Fitch says Boeing made progress in resuming production post-labor strike Read More »
DUBAI (Reuters) – Deutsche Bank has raised the parental leave entitlement in its Middle East and Africa regional offices in a bid to offer attractive benefits to employees in an increasingly competitive environment. The new policy, effective since the start of the year, gives primary caregivers of newborns or newly-adopted children up to 26 weeks …
Deutsche Bank boosts Middle East, Africa employee benefits Read More »
LONDON (Reuters) – Britain will invest 1.8 billion pounds ($2.33 billion) in energy efficiency upgrades such as insulation, solar panels and heat pumps to help families in social housing save money and curb emissions, it said on Tuesday. The government has made reducing energy bills one of its major aims and is also seeking to …
Britain to invest 1.8 billion pounds on home energy saving upgrades Read More »
HOUSTON (Reuters) – ConocoPhillips CEO Ryan Lance said on Tuesday that the United States and Europe should coordinate their regulations on methane, a powerful greenhouse gas. “We can’t have the European Union and the U.S. trying to do something different, because they’re interpreting the rules completely different,” he said at the CERAWeek energy conference in …
ConocoPhillips says US, Europe should coordinate on methane Read More »
By Victoria Waldersee WOLFSBURG, Germany (Reuters) – Volkswagen, Europe’s top carmaker, forecast another challenging year of ramping up EV sales, cutting costs, and navigating trade tensions as it seeks to streamline its operations in Europe and catch up with cheaper and faster rivals in China. The carmaker is in the midst of deep changes in …
Volkswagen sees flat margin as cost cuts, trade tensions weigh Read More »
SEATTLE (Reuters) – Boeing said on Tuesday it delivered 44 aircraft in February, up from 27 in the same month a year ago, as it works to stabilize and then increase production of its 737 MAX and 787 models. It was only slightly behind January when the planemaker’s 45 deliveries were the company’s best for …
Boeing deliveries rise 63% in February from a year earlier Read More »
By Alberto Chiumento and Alessandro Parodi (Reuters) – Italy’s five listed asset managers reported combined net inflows of 6.03 billion euros ($6.57 billion) in February, up from 2.57 billion euros in the same month of 2024. Net inflows into more lucrative managed assets increased to a combined 4 billion euros, from 721 million last year, …
Italian asset managers’ net inflows double y/y to 6 billion euros in February Read More »
