LONDON (Reuters) -British finance minister Rachel Reeves is seeking to intervene in a landmark car loan mis-selling case in an effort to shield the motor finance industry as it faces a potential multi-billion pound payout to consumers. Britain’s Treasury is worried that a court judgment handed down in October, if allowed to stand on appeal, …
UK’s Reeves seeks to shield lenders in car loan mis-selling case Read More »
BERLIN (Reuters) -Germany and Europe need to become more independent and competitive to face challenges posed by U.S. President Donald Trump, the head of Germany’s auto association said on Tuesday. “We need a change to our mentality and a change to politics,” Hildegard Mueller said at the association’s annual news conference. “After Trump’s inauguration, it …
Germany’s auto association calls for “economic strength” in face of Trump Read More »
By Samuel Indyk LONDON(Reuters) – The pound fell against a rebounding dollar on Tuesday even as U.S. President Donald Trump stopped short of implementing tariffs as signs of a softening British labour market reinforced expectations for a February rate cut from the Bank of England. Trump did not immediately impose tariffs on U.S. imports on …
Sterling falls against rebounding dollar on Trump tariff outlook Read More »
ZURICH (Reuters) – ABB sees good growth momentum in 2025 due to long term trends like electrification and automation and booming demand from data centres, Chief Executive Morten Wierod said on Tuesday. “We will see for 2025, still a good growth momentum in line with our long term (target) of 5 to 7% growth,” Wierod …
ABB CEO sees good growth momentum in 2025, looking at acquisitions Read More »
STOCKHOLM (Reuters) – Legislation is needed in Sweden to protect the status of cash, usage of which has been declining for a long time in the Nordic country, central bank Deputy Governor Aino Bunge said on Tuesday. “The digitalisation of the payments market has helped make payments faster and more convenient for most people,” the …
Legislation needed in Sweden to protect status of cash, Riksbank’s Bunge says Read More »
By Arunima Kumar (Reuters) -Serica Energy said on Tuesday it would return to focus on growing oil and gas operations in the British North Sea, reversing earlier plans to shift overseas in the face of rising taxes on the sector. North Sea producers have warned a UK windfall tax on the industry, first imposed in …
Serica Energy shifts M&A focus back to UK despite higher tax Read More »
By Maria Martinez BERLIN (Reuters) -German investor morale fell more than expected in January, the ZEW economic research institute said on Tuesday, after the German economy contracted for the second consecutive year. The institute’s economic sentiment index fell to 10.3 points from 15.7 points in December, well below the 15.3 forecast by analysts. “A lack …
German investor morale falls more than expected in January, survey finds Read More »
(Reuters) – Britain’s Marston’s reported on Tuesday higher overall sales over the 16 weeks to Jan. 18, driven by Christmas drinking, although cold and stormy weather in November and this month slowed growth. CEO Justin Platt in a statement said the company was still on track to meet market expectations for 2025. Shares in the company, …
Marston’s sales growth slowed by harsh UK weather Read More »
DAVOS, Switzerland (Reuters) – Britain is and will remain a core market for Santander, its executive chair Ana Botin said at the World Economic Forum annual meeting in Davos on Tuesday. “We love the UK, it is a core market and will remain a core market for Santander. Punto (fullstop), that’s it,” Botin said when …
Santander’s Botin says loves Britain and it will remain a core market Read More »
By Victoria Waldersee and Christina Amann BERLIN (Reuters) -Volkswagen on Tuesday warned against the “harmful economic impact” of tariffs that U.S. President Donald Trump is proposing on imports from Mexico, where Europe’s top carmaker operates a major factory. The comments by the German autos giant, already grappling with high costs and cheap Chinese competition at …
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