Reuters UK Business

By David Lawder WASHINGTON (Reuters) -Global economic growth will remain “resilient” this year after a stronger-than-expected 2023, the International Monetary Fund said on Thursday, but work is needed to boost global growth rates above an anemic 3% range in the medium term. IMF spokesperson Julie Kozack told a news briefing that the global economy appeared …

IMF sees global economy staying ‘resilient’ but growing too slowly in 2024 Read More »

BERLIN (Reuters) – Global trade declined by 1.3% from November to December 2023 as militant attacks on merchant vessels in the Red Sea led to a plunge in the volumes of cargo transported in that key region, a German economic institute said on Thursday. Currently around 200,000 containers are being transported via the Red Sea …

Global trade drops 1.3% on Red Sea attacks – IfW Kiel institute Read More »

By Nina Chestney LONDON (Reuters) – The British government aims to speed up action on new nuclear projects by introducing a time frame requiring an investment decision every five years from 2030 to 2044 and will also explore the potential of a new large-scale nuclear plant, it said on Thursday. Britain aims to have up …

Britain aims for faster investment decisions on new nuclear projects Read More »

BRUSSELS (Reuters) – Alphabet unit Google’s 2.42-billion-euro ($2.65 billion) EU antitrust fine should be upheld by Europe’s top court, an adviser to the court said on Thursday. The European Commission handed down the fine to the company in 2017 for using its own price comparison shopping service to gain an unfair advantage over smaller European …

EU court should back Google’s $2.7 billion EU antitrust fine, court adviser says Read More »

(Reuters) -Britain’s Darktrace on Thursday raised its forecast for annual revenue and core profit margins, as the cybersecurity company bets on strong demand for its artificial intelligence-powered products. Shares in the FTSE midcap firm were up 7% at 359.1 pence at 0849 GMT, and were among top gainers across all London stocks. While IT spending …

Britain’s Darktrace raises annual forecasts as AI demand booms Read More »

BRUSSELS (Reuters) – Europe’s top court on Thursday dismissed Hungarian low-cost airline Wizz Air’s appeal against 36.66 million euros of rescue aid granted by Romania to its pandemic-hit carrier TAROM in 2020. “The Court dismisses Wizz Air’s appeal concerning the rescue aid granted by Romania to TAROM. That aid, amounting to 36,660,000 euros, is compatible …

EU top court rejects Wizz Air appeal against rescue aid for Romanian rival Read More »

By Foo Yun Chee BRUSSELS (Reuters) – Austrian privacy activist Max Schrems’ advocacy group Noyb on Thursday expanded its complaint about Meta Platforms’ paid no-ads subscription service as it urged the Austrian privacy watchdog to investigate the difficulty users face when they want to withdraw their consent to being tracked. The additional complaint came nearly …

Austrian activist Schrems broadens complaint about Meta’s paid ad-free service Read More »