By David Milliken and William Schomberg LONDON (Reuters) -Bank of England Governor Andrew Bailey urged the United States on Wednesday to settle its concerns about the global economy through dialogue rather than the kind of import tariffs that U.S. President Donald Trump has imposed this week. Bailey, speaking to British lawmakers, said he had addressed …
Bank of England’s Bailey urges US to step back from trade wars Read More »
By Tim Hepher and Anna Peverieri (Reuters) -The head of French warplane maker Dassault Aviation delivered a blunt assessment of Europe’s turnaround on defence spending on Wednesday, saying the continent’s leaders had talked for decades about co-operation to little effect. CEO Eric Trappier said he was closely watching budget discussions and that the Rafale manufacturer …
French warplane maker Dassault blasts European defence record Read More »
By Nikhil Sharma and Purvi Agarwal (Reuters) -European shares bounced back on Wednesday from steep declines logged in the previous session with German stocks leading gains after the country’s leaders agreed to overhaul borrowing rules to boost defence spending and revive growth. The continent-wide STOXX 600 recovered 0.9% after logging its worst day since August …
PRAGUE (Reuters) – The Czech government has decided to gradually raise its defence spending to 3% of gross domestic product by 2030, from around 2% now, Prime Minister Petr Fiala said on Wednesday. Defence expenditure should rise by 0.2% of GDP each year starting in 2026, when it should reach 2.2%, he said. Fiala has …
Czech Republic to lift defence spending to 3% of GDP by 2030, PM says Read More »
By Marc Jones LONDON (Reuters) -Germany’s plan for a massive ramp-up in defence and infrastructure spending will be a “positive” for its prized triple-A sovereign credit rating, S&P Global said on Wednesday. The parties hoping to form Germany’s next government have just agreed a tectonic spending shift with a plan to create a 500 billion …
Germany’s defence spending boom ‘positive’ for triple-A rating, S&P Global says Read More »
(Reuters) -British shares stabilised on Wednesday after a sell-off in the previous session, as investors looked for any possible reprieve from U.S. tariffs. The blue-chip FTSE 100 closed flat, while the domestically focussed FTSE 250 climbed 0.9% after notching its worst session in seven months on Tuesday. The small cap index gained 0.7%. Helping limit …
UK stocks stabilise after sell-off, eyes on US tariff moves Read More »
LONDON (Reuters) -The Bank of England’s Prudential Regulation Authority (PRA) is consulting on raising the retail deposits leverage ratio threshold, a move designed to allow smaller lenders to avoid the leverage rules which cover the country’s major banks. The ratio is aimed at indicating what level of capital Britain’s major banks, building societies and investment …
Bank of England consults on exempting more small lenders from leverage rule Read More »
By Giuseppe Fonte and Elvira Pollina ROME (Reuters) – Italy has shelved for now the sale of a stake in Poste Italiane while the national post office focuses its attention on how to revamp Telecom Italia (TIM), two people with knowledge of the matter told Reuters on Wednesday. State-backed financial conglomerate Poste last month became …
Italy halts Poste stake sale as post office shifts focus to TIM revamp Read More »
DUESSELDORF, Germany (Reuters) -A German court on Wednesday ruled that Pfizer and its partner BioNTech violated a COVID-19 vaccine patent held by Moderna. In a statement, the court in the city of Duesseldorf said that Pfizer and BioNTech would have to provide information on earnings derived from the use of the patent and that they …
German court rules Pfizer, BioNTech violated Moderna’s COVID-19 vaccine patent Read More »
(Reuters) -Saudi Aramco is in the early stages of considering a potential bid for BP’s lubricant business Castrol, according to a person with knowledge of the matter. BP has been exploring all options around its Castrol business, including a possible sale, as part of a strategic review. The business would be expected to be worth …
Saudi Aramco exploring initial bid for BP’s Castrol unit, source says Read More »
