Reuters UK Business

LONDON (Reuters) – Britain’s new finance minister Rachel Reeves said she will consider giving inflation-busting pay increases for almost 2 million government employees later this month to avoid crippling public sector strikes. Two pay review bodies who advise the government have recommended a 5.5% wage rise for 460,000 teachers and 1.4 million staff in the state-run National Health …

UK finance minister hints at above-inflation pay rises for public sector workers Read More »

ROME (Reuters) – Italy’s carrier ITA Airways expects its revenues to exceed 4 billion euros ($4.35 billion) in 2025, earlier than forecast, its chairman was quoted as saying, after it reorganises operations under an agreement to sell part of the business. Earlier this month, German airline Lufthansa won European Union antitrust approval to buy 41% …

ITA Airways expects revenues to exceed $4 billion in 2025, chairman says Read More »

LONDON (Reuters) – Britain’s new Labour government is reviewing the pensions system to look at ways to shift more investment into productive assets with the aim of boosting economic growth and improving retirement incomes, it said on Saturday. Prime Minister Keir Starmer has made tackling the country’s anaemic growth one of his government’s core aims …

UK launches pensions system review aimed at boosting economic growth Read More »

RAF FAIRFORD, England (Reuters) – The United States has resumed taking delivery of F-35 jets with an interim upgrade after a months-long halt due to software delays, and will withhold some payments until remaining enhancements are ready, senior officials said on Saturday. Lockheed Martin and key suppliers have been upgrading the jets under a programme …

US resumes taking F-35 after delays over software upgrade Read More »

DUBLIN (Reuters) -A U.S. court ruled that Booking.com violated the Computer Fraud and Abuse Act by accessing part of Ryanair’s website without permission, court documents showed. The Irish airline, Europe’s largest by passenger numbers, said the ruling would help end unauthorised screen scraping by booking sites. Booking.com said it was disappointed with the decisions and …

U.S. court rules against Booking.com in Ryanair screen-scraping case Read More »

By Allison Lampert (Reuters) – Boeing expects delayed suppliers to catch up on parts that have slowed production of its 787 jets to below a rate of five a month, as the U.S. planemaker works to restore output of two key commercial programs by the year’s end. Boeing and its European rival Airbus are struggling …

Boeing expects 787 suppliers to catch up by year’s end, restoring output Read More »

MOSCOW (Reuters) – Russia increased imports tariffs for consumer goods, including wine, beer, candies, biscuits and shampoo, produced in countries that support sanctions against Moscow, according to a government order published late on Friday. Russian imports from nations that imposed sanctions against Moscow over its military conflict with Ukraine slumped in 2022 and the price …

Russia hikes import tariffs for consumer goods from ‘unfriendly countries’ Read More »

(Reuters) -Finland’s Nokian Tyres has appointed Paolo Pompei as its new chief executive officer, the company said on Saturday. Pompei will start in the position on Jan. 1, 2025, the company added. He will replace Jukka Moisio who announced his retirement in March this year. Pompei was most recently the President of Yokohama TWS, formerly …

Finland’s Nokian Tyres names Paolo Pompei as new CEO Read More »