Reuters UK Business

By Makiko Yamazaki TOKYO (Reuters) – A Japanese labour union group representing major manufacturers said on Thursday its members are demanding a record increase in their base pay for this year, building on last year’s momentum amid rising living costs. The Japan Council of Metalworkers’ Unions (JCM) is considered a pace-setter for annual wage negotiations …

Japanese manufacturing sector union members demand record pay hike in 2025 Read More »

FRANKFURT (Reuters) – Lending growth in the 20-nation euro zone accelerated last month, suggesting that a string of interest rate cuts have started to transmit through to the real economy, European Central Bank data showed on Thursday. Credit to businesses expanded by 2.0% in January, the highest rate since July 2023, and above the 1.7% …

Euro zone lending growth accelerates after rate cuts Read More »

NEW DELHI (Reuters) – European Union leaders are likely to urge India to lower its tariffs on cars and alcoholic beverages, and expand market access during European Commission President Ursula von der Leyen’s visit to New Delhi. Talks for an India-EU free trade agreement, stalled for eight years, resumed in 2021, now cover investment protection …

Factbox-India-EU trade talks: tariffs, market access, regulatory clashes in focus Read More »

By Susanna Twidale LONDON (Reuters) – British power company Drax Group on Thursday reported a 5.5% increase in annual profit, in line with forecasts and due to an increase in renewable power generation and an improved performance from its pellet division. Drax, which has converted coal plants to run on biomass, provides around 6% of …

UK’s Drax reports higher annual profit, helped by rising renewable power Read More »