By Philip Blenkinsop BRUSSELS (Reuters) – U.S. President Donald Trump has promised to address a longstanding trade deficit with the European Union, saying he will reverse that by imposing tariffs or making the EU buy more U.S. oil and gas. In an “America First Trade Policy” memo issued on his first day back in the …
Explainer-Trump’s complaints about trade deficit with the EU and what may come next Read More »
KYIV (Reuters) – Ukraine’s biggest steelmaker, ArcelorMittal Kryvyi Rih, increased raw steel output by almost 70% to 1.65 million metric tons in 2024, the company said on Tuesday, though production remained far below its pre-war capacity. The company gave no explanation of the jump, but steel producers’ union has said an increase domestic and foreign …
Ukraine’s ArcelorMittal boosts steel output by 70% in 2024 Read More »
By Foo Yun Chee BRUSSELS (Reuters) -U.S.-based International Paper is set to get EU approval for its 5.8 billion pound ($7.12 billion) purchase of UK rival DS Smith after agreeing to sell assets to address competition concerns, people with direct knowledge of the matter said on Tuesday. The deal announced last April will boost International …
Exclusive-International Paper to win EU approval for $7.1 billion DS Smith deal Read More »
MOSCOW (Reuters) -The Russian rouble surged past the 100 mark against the U.S. dollar on Tuesday, supported by forex sales by the central bank and exporting companies as well as by market optimism over the easing of Russia-U.S. tensions. The rouble had strengthened by 1.2% to trade at 99.75 to the dollar by 1500 GMT, …
Russian rouble surges past 100 mark vs US dollar on Trump hopes Read More »
MADRID/LONDON (Reuters) -Spanish airline Air Europa has hired adviser PJT Partners to raise cash through debt, and possibly a capital increase, to pay back debt owed to the government, a spokesperson for the airline said on Tuesday. The airline, which is 20% owned by British Airways owner IAG Group, is seeking funds to pay an …
Air Europa hires PJT Partners to raise money to repay government debt Read More »
WARSAW (Reuters) – GPS navigation interference in Eastern Europe is a “relatively small problem” for Ryanair at the moment, its chief commercial officer said on Tuesday, after a couple of its flights were diverted because of GPS problems. Estonia and Finland last year blamed Russia for jamming GPS navigation devices in the region’s airspace. Russia …
Ryanair says GPS interference a ‘relatively small problem’ at the moment Read More »
By Tim Hepher PARIS (Reuters) – The CEO of Europe’s Airbus has told staff that the group ended 2024 in better shape than it feared when cutting profit targets last summer, while warning of increased risks to its business from a worsening international environment. Referring to group-wide performance, Guillaume Faury said in a New Year …
Airbus in better shape than feared but risks ahead, CEO tells staff Read More »
By Elena Fabrichnaya, Alexander Marrow and John O’Donnell MOSCOW (Reuters) – A Russian court’s order for Austria’s Raiffeisen Bank International to pay 2 billion euros ($2.1 billion) in damages for a collapsed deal shows Moscow’s determination to strike back at the West, with companies bearing the brunt of the fallout. Monday’s ruling, delivered to a …
Analysis-Russia hits back with multi-billion penalty on Austrian bank Read More »
By Giulio Piovaccari MILAN (Reuters) -Stellantis Chairman John Elkann has spent four days in Washington meeting with incoming U.S. President Donald Trump and several top administration officials, two people familiar with the matter told Reuters on Tuesday. The talks underscore the efforts of business leaders, such as Elkann, to build ties with the new U.S. …
Stellantis Chair Elkann met Trump and top US officials in Washington Read More »
DAVOS, Switzerland (Reuters) – Holcim would like to make 15 to 20 acquisitions this year Chief Executive Miljan Gutovic said on Tuesday, with the building materials company open to large deals. “Last year we said we would acquire 15 to 20 companies, and this is the range we would like to operate at in the …
