LONDON (Reuters) – Prime Minister Keir Starmer was forced on Monday to defend his finance minister, Rachel Reeves, saying she would make sure day-to-day spending was covered by taxes while securing the growth needed to support the government’s reform plans. At a speech when Starmer hoped to talk about what he called measures to make …
UK’s Starmer forced to defend finance minister, fiscal rules Read More »
MADRID (Reuters) -Spain plans to raise taxes on holiday rentals so that they pay “like a business”, Prime Minister Pedro Sanchez said on Monday, as residents of the country’s main cities grappled with soaring rents. “It isn’t fair that those who have three, four or five apartments as short-term rentals pay less tax than hotels …
Spain eyes tax hike for holiday rentals in bid to lower rents Read More »
By Virginia Furness LONDON (Reuters) – Barclays’ group head of sustainability Laura Barlow has stepped down to pursue other opportunities, a spokesperson told Reuters, the latest senior reshuffle among Britain’s top banks as the sector faces increased scrutiny over its climate efforts. In November, the sustainability chief at rival HSBC departed after her role was …
Exclusive-Barclays sustainability chief exits in latest bank reshuffle Read More »
By Gianluca Lo Nostro and Leo Marchandon (Reuters) – Telecoms group VEON is moving forward with its plan to float its unit Kyivstar in the U.S., in a move that would make it the first Ukrainian firm to be listed in the United States. Dubai-based VEON has signed a letter of intent with Cohen Circle …
VEON moves ahead with planned US listing for Ukraine’s top telco Kyivstar Read More »
STOCKHOLM (Reuters) – Sweden’s SBB said on Monday it had learned that one of its creditors, U.S. hedge fund Fir Tree Partners, will end remaining legal proceedings against the real estate group, boosting its share price. Fir Tree has since 2023 sought immediate debt repayment from SBB, citing what it said was a breach of …
Swedish real estate group SBB says creditor drops lawsuit Read More »
LONDON (Reuters) – Britain will go its own way on artificial intelligence regulation, Prime Minister Keir Starmer said on Monday. “I know there are different approaches (to AI regulation) around the world but we are now in control of our regulatory regime so we will go our own way on this,” Starmer said. “We will …
UK’s Starmer says Britain will go its own way on AI regulation Read More »
LONDON (Reuters) – Britain will keep to the fiscal rules set out in finance minister Rachel Reeves’ October budget, Prime Minister Keir Starmer said Monday. “We’re going to stick to our fiscal rules,” Starmer said. “We set out those fiscal rules very early on… because we knew that the missing ingredient in recent years has …
UK’s Starmer says Britain will stick to fiscal rules Read More »
By Joanna Plucinska DUBLIN (Reuters) -AirBaltic’s initial public offering (IPO) could be pushed back to early 2026, the Latvian airline’s chief executive said on Monday, adding that ongoing issues with engine deliveries were hampering the airline’s growth prospects. The airline, whose IPO was initially planned for last year, said this month that it would have …
AirBaltic IPO could be pushed back to early 2026, CEO says Read More »
By Yamini Kalia (Reuters) -Online trading platform Plus500 forecast full-year revenue ahead of market consensus on Monday, helped by a significant expansion of its client base and financial market volatility. Israel-based Plus500 offers equity, commodity and options trading services and is active in more than 60 countries. It has invested heavily in new products and …
Plus500 expects 2024 revenue to top expectations as client numbers surge Read More »
FRANKFURT (Reuters) – Euro zone households reduced their savings a touch in the third quarter of last year but still set aside an exceptionally large portion of their disposable income, highlighting a key challenge holding back growth, data from Eurostat showed on Monday. The euro zone savings rate dipped to 15.3% in the third quarter …
Euro zone savings rate dips in Q3 but stays exceptionally high Read More »
