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By Juliette Jabkhiro PARIS (Reuters) -Cement maker Holcim’s Lafarge unit goes on trial on Tuesday facing charges that its Syrian subsidiary financed terrorism and breached European sanctions to keep a plant operating in northern Syria during the country’s civil war. Investigative judges allege that Lafarge paid jihadist groups including Islamic State and the al Qaeda-affiliated …

French cement maker Lafarge faces trial on charges of financing jihadists in Syria Read More »

LONDON (Reuters) -British finance minister Rachel Reeves on Tuesday framed her upcoming second annual budget as one of “hard choices” to secure public spending while reducing Britain’s debt, signalling possible broad tax rises to avoid a return to “austerity”. Reeves, in a rare pre-budget speech, added that while progress had been made, “there is more …

Instant view: Britain’s finance minister vows to do what is necessary in Nov budget Read More »

(Reuters) -Deutsche Pfandbriefbank (PBB) shares fell further on Tuesday with traders citing no clear driver behind the slump amid markets growing concerned about broader credit conditions. The German property lender, which earlier this year warned of extraordinary costs linked to winding down its U.S. business, saw its shares drop over 10% at one point on …

Germany property bank PBB falls to near record lows Read More »

(Reuters) -French energy major TotalEnergies signed a 10-year agreement to supply renewable electricity to European data centre operator Data4’s sites in Spain, the company said on Tuesday. Starting in January 2026, the contract will deliver 610 gigawatt-hours (GWh) of clean electricity from Spanish wind and solar farms which will soon come online, the Paris-listed group …

TotalEnergies agrees renewable power deal with data centre operator Data4 Read More »

LONDON (Reuters) -Finance minister Rachel Reeves said on Tuesday Britain had faced increasing challenges since her first budget last year, as questions grow over which taxes she will raise to keep her budget on track. “Since that budget, the world has thrown even more challenges our way,” Reeves said in a pre-budget speech. She said …

Finance minister Reeves says UK faces more challenges since budget last year Read More »

SOFIA (Reuters) -Bulgarian inflation may jump when the euro currency is adopted on January 1 as retailers round up prices, but the impact will fade quickly and the benefits will be far greater, ECB President Christine Lagarde said on Tuesday. Around half of Bulgaria’s public oppose euro adoption, fearing that it will impinge on sovereignty …

Bulgarian inflation may jump with euro adoption, Lagarde says Read More »