Reuters UK Business

UK jobs market slows further as Bank of England considers rate cut

16 Dec 2025

By William Schomberg and David Milliken LONDON, Dec 16 (Reuters) – Britain’s unemployment rate hit its highest since the start of 2021 and private sector pay growth was the weakest in nearly five years in the run-up to finance minister Rachel Reeves’ annual budget last month, official figures showed on Tuesday. The downbeat data reinforced the chances …

UK jobs market slows further as Bank of England considers rate cut Read More »

‘Shadow banking’ growing at double the rate of traditional lenders, FSB says

16 Dec 2025

By Tommy Reggiori Wilkes LONDON, Dec 16 (Reuters) – The non-bank financial sector’s share of global assets grew to 51%, or $256.8 trillion, last year and expanded at double the rate of the traditional banking industry, the Financial Stability Board said on Tuesday. Non-bank financial intermediaries involved in what is commonly referred to as the …

‘Shadow banking’ growing at double the rate of traditional lenders, FSB says Read More »

KNDS, Leonardo to develop new mobile artillery system together

16 Dec 2025

BERLIN, Dec 16 (Reuters) – Franco-German defence supplier KNDS and Italy’s Leonardo agreed on Tuesday to jointly develop a mobile artillery system that they plan to offer for the Italian army’s upcoming procurement program, according to a joint statement. The new system will combine KNDS’s artillery gun module with an enhanced version of Leonardo’s protected …

KNDS, Leonardo to develop new mobile artillery system together Read More »

German business activity growth loses further momentum in December, PMI shows

16 Dec 2025

BERLIN, Dec 16 (Reuters) – Germany’s private sector growth decelerated for the second consecutive month in December, as stagnating new business inflows and declining manufacturing output weighed on the economy, a survey showed on Tuesday. The HCOB preliminary German flash composite Purchasing Managers’ Index, compiled by S&P Global, fell to 51.5 in December from 52.4 …

German business activity growth loses further momentum in December, PMI shows Read More »

French private sector growth slows to a crawl in December, flash PMIs show

16 Dec 2025

PARIS, Dec 16 (Reuters) – French private sector business growth slowed to a near halt in December, according to a monthly survey from S&P Global, which said ongoing political uncertainty was continuing to weigh on the euro zone’s second-biggest economy. The HCOB France composite flash PMI for December edged down to 50.1 points from 50.4 …

French private sector growth slows to a crawl in December, flash PMIs show Read More »

World Bank, Vakifbank to mobilise up to $1.7 billion for Turkey’s small businesses

16 Dec 2025

ANKARA, Dec 16 (Reuters) – The World Bank is partnering with Turkey’s Vakifbank to mobilise up to 1.5 billion euros ($1.76 billion) to expand access to finance for the country’s micro, small and medium enterprises, the multilateral lender said on Tuesday. The project will leverage a 750-million-euro International Bank for Reconstruction and Development guarantee to …

World Bank, Vakifbank to mobilise up to $1.7 billion for Turkey’s small businesses Read More »

UK’s Serica Energy to buy Southern North Sea assets for $76 million

16 Dec 2025

Dec 16 (Reuters) – Britain’s Serica Energy said on Tuesday it had agreed to acquire a portfolio of Southern North Sea assets from Spirit Energy for an upfront consideration of 57 million pounds ($76.19 million). ($1 = 0.7482 pounds) (Reporting by DhanushVignesh Babu in Bengaluru; Editing by Rashmi Aich)

EU weighs scheme to allow combustion-engine vehicles after 2035, Handelsblatt reports

16 Dec 2025

BERLIN, Dec 16 (Reuters) – The European Commission is weighing a new compensation scheme that could allow car makers to sell combustion-engine vehicles beyond 2035, Germany’s Handelsblatt newspaper reported on Tuesday, citing senior Commission sources. Under the proposed framework, up to 30% of climate targets could be met through alternative fuels, while approximately 70% would …

EU weighs scheme to allow combustion-engine vehicles after 2035, Handelsblatt reports Read More »

Close Bitnami banner
Bitnami