Reuters UK Business

MADRID (Reuters) -Spain’s Santander on Tuesday said “categorically” that after a thorough investigation it had not found any breach of U.S. sanctions against Iran following a Financial Times report on Iranian-linked accounts. The Financial Times (FT) newspaper reported last week that Iran used accounts held at Santander and at Lloyds in the United Kingdom to …

Santander says internal review found no breach of US sanctions against Iran Read More »

By Foo Yun Chee, Bart H. Meijer and Martin Coulter BRUSSELS (Reuters) -Apple has won an exemption for its iMessage and Microsoft for its Bing search engine from new EU tech rules after the companies convinced antitrust regulators their services are not gateways for businesses to reach end-users. The European Union’s Digital Markets Act (DMA), …

Apple, Microsoft win exemptions for iMessage, Bing from EU rules Read More »

By Joanna Plucinska and Ilona Wissenbach LONDON (Reuters) – Europe’s largest travel operator TUI on Tuesday reported far better-than-expected first quarter results as it swung to a profit on the back of robust travel demand, sending its shares 7.4% higher in early trading in Frankfurt. The company reported an operating profit of 6 million euros …

TUI swings to surprise first-quarter profit on robust travel demand Read More »

By William Schomberg and Suban Abdulla LONDON (Reuters) -British pay grew at the weakest pace in more than a year at the end of 2023 but the labour market slowdown was probably not significant enough to spur the Bank of England into quicker action towards cutting interest rates. Sterling strengthened against the U.S. dollar and …

UK wage growth slows again but BoE likely to remain on alert Read More »

BERLIN (Reuters) – Germany is not in recession and its economy is expected to grow in 2024, Chancellor Olaf Scholz’s chief of staff, Wolfgang Schmidt, said on Tuesday. “We don’t have a recession. We are not seeing anything that normally accompanies a recession, such as unemployment. The labour market is very stable, real wages are …

German economy expected to grow in 2024, official says Read More »

BRUSSELS (Reuters) – More than eight in 10 companies say the time it takes to secure permits is a barrier to investing in Europe and accelerating this process should be a top EU priority, business lobby BusinessEurope said on Tuesday. In its survey of 240 companies, 83% found the complexity and duration an obstacle to …

EU must make accelerating permits a priority, says business group Read More »

By Marc Jones LONDON (Reuters) – Rating agency Fitch fired a warning shot across Britain’s bows on Monday, urging the country’s government to keep a tight rein on spending at its upcoming budget or risk another downgrade. Fitch has an AA- grade and a negative outlook – effectively a downgrade warning – on its UK …

Fitch fires credit rating warning shot across UK’s bows Read More »