LONDON (Reuters) -British finance minister Rachel Reeves met euro zone counterparts for the first time on Monday, pushing for co-operation to boost growth without getting into the details on tricky issues that may hinder a reset in relations. Britain’s Labour government is pushing to reset ties with the EU after coming to power in July. …
Britain’s Reeves looks for growth boost from EU reset Read More »
BRUSSELS (Reuters) -Sixteen EU countries asked the European Commission on Monday to propose a new law in the coming months on taxing tobacco in the bloc to include new products such as electronic cigarettes – vapes – which are not covered under existing legislation. The initiative, led by the Netherlands, has the support of Croatia, the …
EU countries want vaping included in bloc’s tobacco tax law Read More »
By Nora Eckert DETROIT (Reuters) – Stellantis’ former head of Ram is returning to the company just months after announcing his retirement, as the automaker seeks to strengthen its leadership team following the unexpected resignation of CEO Carlos Tavares. Stellantis confirmed on Monday that Timothy Kuniskis would resume his position as CEO of Ram, one …
Stellantis’ former head of Ram returns to run the brand Read More »
MILAN (Reuters) – Three private equity firms are left in the race to buy Italy’s Forgital, which manufactures forged components mainly for the aerospace sector, two sources close to the matter said on Monday. The binding offers are expected by the end of the business day on Monday, one of the sources added. Private equity …
LONDON (Reuters) -The Bank of England will be vigilant over the possibility that investors will take greater risks after a year of relative stability in markets, Deputy Governor Dave Ramsden said on Monday. Ramsden, who is head of markets at the BoE and in charge of its balance sheet, said there had been no major …
Bank of England will be vigilant towards greater risk-taking, Ramsden says Read More »
By Elvira Pollina and Giuseppe Fonte MILAN (Reuters) – Italy plans to begin tests as early as January to see if the satellite-based connectivity offered by Elon Musk’s Starlink is a viable solution to boosting the rollout of high-speed internet in the country, two sources close to the matter said. Officials in Giorgia Meloni’s right …
Italy to test Starlink in January in bid to boost high-speed internet, sources say Read More »
By Dhara Ranasinghe and Stefano Rebaudo LONDON (Reuters) -The European Central Bank looks set to cut rates again on Thursday as inflation heads down, and financial markets are keen for a sense of whether a more challenging environment will spark speedier moves ahead. Since the October meeting, a U.S. election win for Donald Trump has …
(Reuters) – Unilever said on Monday CFO Fernando Fernandez would take on more responsibilities, including overseeing supply chain and procurement, as the company overhauls its operations to focus on its “power” brands. The FTSE 100 company said Fernandez would also look into digital, technology and business services, and would get a 7.5% fixed pay rise. …
Unilever CFO takes on additional responsibility amid operational overhaul Read More »
By Emilio Parodi MILAN (Reuters) – French luxury goods group Kering is negotiating with the Italian tax authorities to settle a tax probe centred on its Alexander McQueen fashion brand, two sources with direct knowledge of the matter told Reuters on Monday. Prosecutors in Florence had opened an investigation for omitted tax declarations for the …
(Reuters) – House prices in England grew increasingly unaffordable in 2023 with an even worse picture in London, according to figures published on Monday that underlined the scale of Britain’s housing crisis. The average house price was equivalent to 8.6 years’ worth of household income, at 298,000 pounds ($380,337.40), up from 8.4 years in 2022, …
English house prices grew more unaffordable in 2023, ONS data shows Read More »
