Reuters UK Business

By Alexander Tanas CHISINAU (Reuters) -The European Union will provide 30 million euros ($31.5 million) to purchase and transport natural gas to Moldova’s breakaway region of Transdniestria, Moldovan Prime Minister Dorin Recean said on Monday. The self-styled president of the pro-Russian separatist region, gripped since the New Year by power and wintertime heating cuts, expressed …

EU provides 30 million euros for Transdniestria’s gas supply, Moldova’s PM says Read More »

PARIS (Reuters) -Stella McCartney is repurchasing the minority stake held by LVMH in the house she founded about five years after the luxury group bought it, LVMH and Stella McCartney said in a statement on Monday. McCartney will continue to advise LVMH chief executive Bernard Arnault and the group’s executive team on sustainability issues as …

Stella McCartney label leaves LVMH, designer remains sustainability ambassador Read More »

BUDAPEST (Reuters) -Central bank independence is being challenged in parts of the world and greater political influence could undermined banks’ ability to keep inflation down, risking economic volatility, European Central Bank President Christine Lagarde said on Monday. U.S. President Donald Trump said last week he would demand that the Federal Reserve lower borrowing costs, claiming …

ECB’s Lagarde warns over cost of losing independence Read More »

By Nikhil Sharma and Johann M Cherian (Reuters) – European tech shares came under pressure on Monday, after Chinese tech startup DeepSeek’s low-cost artificial intelligence model sparked worries about returns in the AI business and the need for costly chips. The pan-European STOXX 600 dropped as much as 0.8% earlier in the day, tracking a …

European tech shares tumble as China’s AI push spooks investors Read More »

MILAN (Reuters) – Italy signed agreements worth around $10 billion with Saudi Arabia as part of a strengthened strategic partnership, Italian Prime Minister Giorgia Meloni said after meeting Saudi Crown Prince Mohammed bin Salman. Among the deals, Italy’s credit export agency SACE said it would provide loan guarantees worth 3 billion dollars for Saudi Arabia’s …

Italy, Saudi Arabia ink partnership deals worth $10 billion Read More »

(Reuters) -British equities started the week on a subdued note, with industrial metal miners dragging the index lower, while investors brace for the Federal Reserve’s rate decision later in the week. The benchmark FTSE 100 ended flat after hitting a record high on Friday. Technology stocks were the decliners on the domestically-focussed midcap FTSE 250 …

London’s FTSE 100 pauses near record level as industrial metal miners weigh Read More »

By Andrea Mandala and Giulia Segreti MILAN/ROME (Reuters) -The discount to market prices represented by Monte dei Paschi’s bid (MPS) for Mediobanca widened further on Monday, signalling deepening investor doubts over the bailed out Tuscan bank’s offer for a bigger rival. On Friday, the state-backed lender launched a surprise 13.3 billion euro all-share ($13.9 billion) …

Bid discount indicates scepticism over MPS bid for Italian rival Mediobanca  Read More »

By Simon Jessop and Virginia Furness LONDON (Reuters) – International auditors have been given new guidance on what to check when assessing firms’ environmental, social and governance claims – and how – as part of efforts to increase rigour and consistency, the chair of the industry’s global ethics watchdog told Reuters. The move by the …

Auditors get tougher guidelines on judging firms’ environmental claims Read More »