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German carmakers vow to keep factories in Hungary running, Hungary PM Orban says

6 Dec 2024

BUDAPEST (Reuters) – German carmakers have agreed to not shut down their factories in Hungary, the Central European country’s Prime Minister Viktor Orban said on Friday. A slew of automotive companies across Europe have announced plant closures and big layoffs recently as they struggle with weak demand, high costs, competition from China and a slower-than-expected …

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Russia’s Sberbank to open offices in Russian-controlled Ukrainian regions this month

6 Dec 2024

MOSCOW (Reuters) – Russia’s largest lender Sberbank plans to open offices in Russian-controlled parts of the Ukrainian regions of Kherson and Zaporizhzhia this month, Alexander Vedyakhin, first deputy chairman of Sberbank’s board, said on Friday. Russian President Vladimir Putin moved to annex Ukraine’s Donetsk, Luhansk, Kherson and Zaporizhzhia regions in September 2022, following what Ukraine …

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German industrial output unexpectedly falls in October

6 Dec 2024

By Miranda Murray BERLIN (Reuters) -German industrial production unexpectedly fell in October, owing mainly to declines in energy production and in the automotive industry, the federal statistics office said on Friday. Production was down by 1.0% in October from the previous month, the office said. Analysts polled by Reuters had predicted a 1.2% rise after …

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Airbus delivers 84 planes in November

6 Dec 2024

(Reuters) – Airbus delivered 84 planes in November as the planemaker moved back towards end-year targets after a downturn over the summer. Industry sources told Reuters this week deliveries rose sharply to above 80 in November, after engine maker CFM and Airbus reached a deal over short-term engine supplies last week. The 643 deliveries year-to-date …

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Aviva sweetens Direct Line bid to $4.33 billion, Bloomberg News reports

6 Dec 2024

(Reuters) -Insurance company Aviva has sweetened its bid for UK’s Direct Line to about 3.4 billion pounds ($4.33 billion), or 261 pence per share, Bloomberg News reported on Thursday, citing people familiar with the matter. The new offer is about 4% higher than Aviva’s initial offer, according to the Bloomberg report. The revised proposal comes …

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UK homebuilder Berkeley cautious on near-term demand after HY profit fall

6 Dec 2024

(Reuters) -Britain’s Berkeley struck a cautious tone on the near-term demand environment after the high-end homebuilder posted a nearly 8% fall in half-year profit on Friday, as affordability concerns continue to weigh on sentiment in the sector. The British housing sector has been marked by caution in recent months due to concerns about the slowing …

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UK ‘will think carefully’ on retaliating if hit by Trump tariffs, business minister tells FT

6 Dec 2024

(Reuters) -Britain will think very carefully about retaliating if U.S. President-elect Donald Trump’s incoming administration hits the country with fresh tariffs, the country’s business and trade minister Jonathan Reynolds told the FT in an interview published on Friday. Trump has floated blanket tariffs of 10% 20% on virtually all imports when he returns to the …

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