By Howard Schneider and David Milliken WASHINGTON (Reuters) -Bank of England chief economist Huw Pill said on Friday that so far he had seen only “quite modest and tentative evidence” that inflation would fall back to and stay at the central bank’s 2% target, due to strong underlying domestic price pressures. “I do think that …
Bank of England’s Pill wants more evidence of fading price pressure Read More »
(Reuters) -British trade unions Unite and Community, which represent thousands of members at Tata Steel Ltd’s Port Talbot steelworks, said on Friday they will begin the balloting process for industrial action. The move comes after Tata Steel said last month that it would close its two blast furnaces in Britain by the end of this …
British unions announce strike ballot for Tata Steel workers Read More »
By Abigail Summerville (Reuters) – The Children’s Place said on Friday it had received an offer for a $130 million loan that could help it stay afloat, after the ailing U.S. retailer announced earlier this week that Saudi Arabia’s wealthy AlRajhi family had amassed a 54% stake in the company in the open market via …
Children’s Place eyes $130 million in new debt after Saudi family swoop Read More »
MILAN (Reuters) – Juventus said on Friday its net loss widened to 95.1 million euros ($102 million) in the first half of its 2023-24 fiscal year as its ban from lucrative European competition this season over financial irregularities weighed on the Italian soccer club’s revenue. The result compares with a loss of 29.5 million euros …
Juventus first half financial loss widens to 95 million euros Read More »
MILAN (Reuters) – Italy’s Newlat said on Friday it had halted talks to buy British food group Princes as Japanese seller Mitsubishi Corp rejected a revised proposal for the asset. Sky News reported in December that British buyout firm Epiris and Newlat were competing to purchase Princes, with Mitsubishi seeking a price of 400 million …
Italy’s Newlat halts talks to buy UK food group Princes Read More »
By Foo Yun Chee BRUSSELS (Reuters) -Europe’s attempt to give workers at Uber, Deliveroo and other online platforms more social and labour rights failed a second time after France and three other countries abstained from voting on the watered-down political deal. Belgium, the current holder of the rotating EU presidency, is unlikely to muster enough …
Europe’s bid to boost gig workers’ rights fails again Read More »
By Riham Alkousaa BERLIN (Reuters) -The German government will earmark some 4 billion euros ($4.31 billion) for subsidies to support energy-intensive firms switching to green production, a government source told Reuters on Friday. As part of Germany’s ambitions to become climate-neutral by 2045, Berlin plans to award companies in industries such as steel, glass, paper …
Germany to earmark 4 billion euros for industry decarbonisation subsidies – source Read More »
By Andrea Mandala (Reuters) -Italian financial group Unipol announced on Friday an offer for the 14.75% of UnipolSai it does not own, valuing the insurer at 7.64 billion euros ($8.2 billion) in a deal to simplify the group’s structure. Shares in Unipol jumped as much as 23.5% after the long-awaited move, hitting their highest level …
Italy’s Unipol makes buyout offer valuing UnipolSai at $8.2 billion Read More »
ROME (Reuters) – Italy’s communications authority AGCOM on Friday said it had forced social media app TikTok to remove some videos showing young people performing a dangerous practice known as the “French scar”. The “French scar” challenge involves pinching your cheek to leave a lasting bruise on your cheekbone. It became popular among young Italian …
Italy watchdog forces TikTok to remove ‘French scar’ challenge videos Read More »
By Shristi Achar A (Reuters) -UK shares advanced on Friday, driven by gains in miners and banks, with the indexes posting weekly gains as investors remained optimistic about potential interest rate cuts from the Bank of England after recent economic data. The FTSE 100 ended up 1.5%, logging its biggest daily gain in four months. …
London stocks boosted by miners, banks; post weekly gains Read More »
