Reuters UK Business

Swiss central bank chief sticks with forex tool, unperturbed by Trump

1 Mar 2025

ZURICH (Reuters) – The Swiss National Bank will not refrain from using interest rates and currency interventions to steer monetary policy despite the risk of being branded a “currency manipulator” by the United States, its chairman said on Saturday. Switzerland was labelled a currency manipulator by the U.S. Treasury in 2020 under the previous Donald …

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S&P upgrades Portugal rating on strong external financial position

1 Mar 2025

(Reuters) – Global ratings agency S&P upgraded Portugal to “A” from “A-” with a positive outlook, citing improvements in the country’s external financial position and reduced liquidity risks. Despite geopolitical uncertainty, particularly around potential U.S. tariffs on the EU, S&P remains optimistic about Portugal’s economic growth. While Portugal has limited direct exposure to tariffs, it …

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Trump compares UK’s demand for Apple user data to Chinese monitoring

1 Mar 2025

(Reuters) -U.S. President Donald Trump likened the UK government’s demand that Apple grant it access to some user data as “something that you hear about with China,” in an interview with The Spectator political magazine published Friday. Trump said that he had told British Prime Minister Keir Starmer that he “can’t do this”, referring to …

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S&P revises outlook on France to negative

1 Mar 2025

PARIS (Reuters) – Global credit ratings agency S&P revised its outlook on France to negative from stable on Friday, citing rising debt, political gridlock on budget deficits and uncertain growth. The agency also affirmed its rating for France at ‘AA-/A-1+’ after cutting it from AA last May. France’s public finances spiralled out of control last …

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Sweden’s Autoliv sells Russian business to buyer of former Mercedes-Benz plant

28 Feb 2025

(Reuters) -Swedish auto supplier Autoliv has sold its Russian business to local automotive group Avtodom, which has already snapped up German carmaker Mercedes-Benz’s former plant in the country, Russian corporate records showed on Friday. Autoliv said the transaction had now been finalised, declining to disclose the price. More than a thousand Western companies have exited …

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Talgo posts net loss of 108 million euros due to Renfe penalty

28 Feb 2025

(Reuters) – Spanish train maker Talgo posted a full-year net loss of 107.9 million euros on Friday, dampened by a 116 million euro penalty imposed by state-owned railway company Renfe following delivery delays. The firm had reported a net profit of 12.2 million euros a year earlier Basque steel maker Sidenor earlier this month agreed …

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Lenovo wins appeal in UK fight with Ericsson over interim patent licence

28 Feb 2025

LONDON (Reuters) -Lenovo on Friday won an appeal in Britain in its attempt to get an interim licence to use Ericsson’s patents, the latest ruling in the companies’ global licensing dispute. English courts have recently permitted parties to pursue short-term patent licences pending trial, including in Amazon’s dispute with Nokia. Lenovo sued Ericsson at London’s …

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