By William Schomberg LONDON (Reuters) -British public borrowing nearly halved in the first eight months of the 2021/22 financial year compared with a year earlier when finance minister Rishi Sunak was deep in his emergency pandemic spending programme. Borrowing between April and November fell to 136 billion pounds ($180 billion), down by almost 116 billion …
UK borrowing falls by almost 50% as pandemic spending eases Read More »
AMSTERDAM (Reuters) – TomTom NV, the Dutch digital mapmaking company, said on Tuesday it would extend a supply partnership with Volkswagen, integrating its mapping and navigation technology into Volkwagen’s cars, including electric vehicles. “This multi-year deal between TomTom and the Volkswagen Group covers all markets globally excluding China and is the continuation of a successful …
Dutch digital mapmaker TomTom says it will extend Volkswagen partnership Read More »
(Reuters) -Britain’s antitrust watchdog launched on Monday an in-depth probe into the 13 billion euro ($14.67 billion) merger of Veolia and Suez after the French waste and water management groups did not offer concessions over its concerns. Earlier this month, the Competition and Markets Authority (CMA) said the deal could lessen competition and mean higher …
Britain to launch in-depth probe into $14.6 billion Veolia-Suez merger Read More »
By David Shepardson WASHINGTON (Reuters) -Boeing Chief Executive Dave Calhoun and Airbus Americas CEO Jeffrey Knittel on Monday urged the Biden administration to delay planned deployment of new 5G wireless services, saying it could harm aviation safety. The executives in a joint letter seen by Reuters asked U.S. Transportation Secretary Pete Buttigieg to support postponing …
Boeing, Airbus executives urge delay in U.S. 5G wireless deployment Read More »
(Reuters) -British insurer Hiscox Ltd said on Tuesday it has appointed industry veteran Paul Cooper as its group chief financial officer. The appointment comes at a time the Lloyd’s of London insurer is benefiting from strong premiums written this year, helped in part by a jump in cyber premiums in the wake of rising ransomware …
LONDON (Reuters) – British money manager Schroders plc said on Tuesday it has reached an agreement to buy 75% of renewable investor Greencoat Capital Holdings Limited in a bid to grow its sustainable investment offering . Schroders has agreed to pay 358 million pounds ($473.17 million) for the majority stake, it said in a statement, …
Schroders to buy renewable investor Greencoat for $473 million Read More »
By John O’Donnell FRANKFURT (Reuters) – Towering above a nondescript office quarter of downtown Frankfurt, a 47th floor three-bedroom apartment is on sale for 9 million euros ($10 million), a lofty price some see as a warning. Dubbed “Mainhattan” by locals in a nod to its skyscrapers and location on the Main river, Germany’s financial …
Sky no longer the limit for Germany’s ‘Mainhattan’ skyscraper boom Read More »
By Tim Hepher PARIS (Reuters) – Qatar Airways said on Monday it had started proceedings in a UK court against planemaker Airbus in a bid to resolve a dispute over skin flaws on A350 passenger jets, bringing the two sides closer to a rare legal showdown over aviation safety. The companies have been locked in …
Qatar Airways sues Airbus in A350 jet damage dispute Read More »
By David Milliken LONDON (Reuters) – British business confidence began to feel the impact of the Omicron variant of coronavirus this month, alongside further upward pressure on prices and staffing costs, a survey showed on Tuesday. Lloyds Bank said its monthly business confidence survey, conducted between Nov. 26 and Dec. 10, held steady at 40% …
UK businesses feel pressure from Omicron – Lloyds survey Read More »
(Reuters) – UK-based Barclays Plc said on Monday it had received approval from Australia’s prudential regulator to operate as a foreign bank in the country, as the lender continues its expansion into high-growth markets. Barclays, Britain’s third-biggest bank by market value, in August pumped money into its India arm to tap rising corporate and investment …
Barclays gets Australian banking licence in expansion push Read More »
