Reuters UK Business

By Claudia Cristoferi and Emilio Parodi MILAN (Reuters) – When Cristian Coccia agreed to buy a three-bedroom flat off-plan for 600,000 euros ($650,000), the 51-year-old businessman hoped to move his family swiftly into the swanky high-rise overlooking an artificial lake in Milan’s western suburbs. After prosecutors seized the three-tower development in July, his dream of …

How a construction boom in Italy’s financial capital stalled Read More »

By John O’Donnell, Tom Sims and Christoph Steitz FRANKFURT/BERLIN (Reuters) – A political crisis at home threatens further pain for Germany’s car, banking and energy industries, as they grapple with an increasingly hostile world following the election of Donald Trump and trade tensions with China. Germany is bracing for months of uncertainty after its governing …

Analysis-After Trump, German political crisis engulfs industry Read More »

(Reuters) – Barclays expects the Bank of England to hold interest rates at its December meeting, revising its prior forecast of a cut, citing the central bank’s cautious tone that emphasized uncertainty and gradual policy moves. The Bank of England cut interest rates on Thursday for only the second time since 2020 and said future …

Barclays says Bank of England to hold rates in December meeting Read More »

BRUGG, Switzerland (Reuters) – The Swiss National Bank is wary about cryptocurrencies like Bitcoin and Ether, Chairman Martin Schlegel said on Thursday, adding physical cash would retain an important role in the Swiss payments system in future. “Bitcoin and other virtual currencies have grown enormously in recent years,” Schlegel told an event organised by the …

Swiss National Bank Chairman wary of cryptocurrencies Read More »

By Giuseppe Fonte ROME (Reuters) – Italy has extended its domestic tax on digital services to small and medium-sized enterprises (SMEs) to try to overcome U.S. objections that the levy is discriminatory, Economy Minister Giancarlo Giorgetti said on Thursday. Addressing lawmakers on the government’s 2025 budget, Giorgetti said other European Union countries were likely to …

Italy to change web tax in bid to overcome US objections, minister says Read More »

By Byron Kaye and Sameer Manekar SYDNEY (Reuters) -ANZ, Australia’s No. 4 lender by mortgages, said annual profit tumbled as fierce competition ate away margins while late loan repayments surged, underscoring the pressure on banks and their customers as they hold out for an interest rate cut. The country’s seventh-largest listed company by market value …

Australian lender ANZ’s annual profit shrinks as late repayments rise Read More »

(Reuters) – Boohoo on Thursday questioned Frasers’ interests and sought undertakings that would limit the top investor’s influence, a day after it urged the British online retailer to refrain from any asset sale without prior approval. Boohoo said that it was committed to an “open and transparent” engagement with its shareholders over the strategic review …

UK’s Boohoo seeks to limit Frasers’ influence as it questions investor Read More »