Reuters UK Business

By Christoph Steitz and Alexander Hübner FRANKFURT/MUNICH (Reuters) – German business leaders called for the swift formation of a new government after Sunday’s election, saying Europe’s largest economy could not afford to waste any time as companies suffer from high costs, red tape and rising competition from abroad. The conservative CDU/CSU bloc won the national …

German CEOs say new government must be formed quickly to boost economy Read More »

By Christoph Steitz and Matthias Inverardi FRANKFURT/DUESSELDORF (Reuters) -Rheinmetall, Europe’s top ammunition maker, intends to repurpose two of its automotive plants in Germany to mostly make defence equipment, highlighting the impact of an expected surge in spending in the region amid U.S. tensions over the Ukraine war. Europe’s political leaders, sidelined in U.S.-Russia talks over …

Rheinmetall to convert German factories to make defence equipment Read More »

LONDON (Reuters) -Bank of England Monetary Policy Committee member Swati Dhingra has been reappointed to her role as an external member of the central bank’s rate-setting body for a second three-year term, the British government said on Monday. Dhingra joined the MPC in August 2022 and will now hold the post until August 8, 2028. …

Bank of England’s Dhingra reappointed to Monetary Policy Committee Read More »

By Yoruk Bahceli and Samuel Indyk LONDON (Reuters) -An election win for Germany’s conservatives has eased concerns of political gridlock in Europe’s biggest economy, but failed to lift uncertainty around whether a new government can deliver fiscal reforms seen as vital to boosting sluggish growth. Germany’s domestically-focused mid-cap stock index was poised for its biggest …

German election brings relief to European markets, debt brake in focus Read More »

By Greta Rosen Fondahn (Reuters) – The pound traded lower against the euro on Monday after Germany’s conservatives won a national election as expected. The euro initially rose to its highest in more than two weeks against the pound, but pared some of those gains and was last up 0.1% with one euro at 82.91 …

Sterling edges down against euro after German election Read More »

ATHENS (Reuters) -Piraeus Bank, Greece’s third-largest lender by market value, on Monday reported a double-digit rise in 2024 earnings on higher net interest income and lending, and said it expected a similar profit figure through to 2028. The bank posted a net profit of 1.1 billion euros ($1.15 billion), up from 788 million euros in …

Piraeus Bank reports jump in 2024 profit Read More »