BRUSSELS (Reuters) – The EU Commission on Tuesday said it will present plans to make Europe’s ailing steel sector more competitive and to shield it from looming U.S. trade tariffs in the spring. Its action plan will follow a ‘strategic dialogue’ with key representatives of the sector chaired by commission president Ursula von der Leyen …
EU promises support for steel sector as US trade tariffs loom Read More »
LONDON (Reuters) – The pound held just shy of a two-month high against the dollar on Tuesday, and was little changed against the euro in fairly calm trading as markets looked to remarks from the Bank of England’s chief economist. The pound was last at $1.2632, flat on the day, having touched $1.269, its highest …
Sterling steady before Bank of England economist remarks Read More »
FRANKFURT (Reuters) – Germany’s gas hub Trading Hub Europe (THE) and industry representatives are in talks with the German government on loosening rules on the country’s gas storage filling levels, a Uniper official said on Tuesday. “We are talking to THE,” said chief commercial officer Carsten Poppinga at an earnings press conference, adding that among …
German gas hub, industry in talks about loosening storage rules, Uniper says Read More »
(Reuters) – European planemaker and aerospace company Airbus said on Tuesday it will build the communications network for the French air and naval force under a contract with a maximum value of 480 million euros ($502.46 million). Airbus Defence and Space will work on the project for up to 10 years with France-based warship contractor …
Airbus to build communication network for French air and naval forces Read More »
(Reuters) – Medical products maker Smith+Nephew’s wound business will take a hit from U.S. tariffs on imports from China, as the British company has “significant” manufacturing in the Asian country for that division, its CEO said on Tuesday. U.S. President Donald Trump’s administration has pushed for more American made products, proposing higher tariffs on everything …
US tariffs on China to hit Smith+Nephew’s wound division, says CEO Read More »
By Alessandro Parodi (Reuters) – Sales of fully electric car sales In Europe were up 37.3% in January, industry data showed on Tuesday, although the sharp rise was not enough to compensate for a drop in petrol and diesel vehicles, leaving overall sales down by 2.1%. Figures from the European Automobile Manufacturers Association (ACEA) showed …
European car sales drop in January as falling combustion engines outweigh EV gains Read More »
KABUL (Reuters) – A British couple in their 70s was arrested by the Taliban due to a “misunderstanding” that they had fake Afghan passports, Abdul Mateen Qaniee, the spokesman for the Afghan Taliban interior ministry said on Tuesday. Barbie and Peter Reynolds, 75 and 79, were detained by the Taliban’s interior ministry on February 1, …
LONDON (Reuters) – British retailers plan to cut investment by the most in more than five years against a generally weak backdrop for consumer spending and rising costs, the Confederation of British Industry said on Tuesday. The CBI’s quarterly survey of retailers showed that an investment intentions balance – the difference between the percentage of …
UK retailers plan to cut investment by most since 2019, CBI says Read More »
FRANKFURT (Reuters) – The European Central Bank has room to cut its interest rates further if inflation eases to its 2% goal this year as it expects, ECB policymaker Joachim Nagel said on Tuesday, adding the outlook for prices was “encouraging”. The ECB is widely expected to cut rates for a fifth straight time next …
ECB’s Nagel sees more rate cuts as inflation outlook encouraging Read More »
By Marianna Parraga and Curtis Williams HOUSTON/PORT OF SPAIN (Reuters) – Trinidad and Tobago plans to ask U.S. President Donald Trump’s administration to extend a license for Shell and Trinidad’s National Gas Company to develop a key gas project in Venezuela, four sources close to the preparations said. The U.S. license was first granted in …
Exclusive-Trinidad to seek US extension for Shell’s gas project in Venezuela Read More »
