Reuters UK Business

By Jesús Aguado MADRID (Reuters) -The board of Spain’s Bankinter on Wednesday said it would propose Gloria Ortiz as the bank’s new chief executive officer, replacing Maria Dolores Dancausa, to oversee a more diversified revenue strategy. Dancausa, who will cease holding executive powers, is to replace Pedro Guerrero as non-executive chair, the country’s fifth-biggest lender …

Gloria Ortiz to replace Dancausa as CEO of Spain’s Bankinter Read More »

COPENHAGEN (Reuters) -Danish dockworkers and lorry drivers have stopped unloading and transporting Tesla cars destined for Sweden as Danish labour union 3F on Wednesday joined Swedish mechanics in their strike action against Tesla. Tesla is facing a backlash from unions and some pension funds in the Nordic region as the U.S. carmaker refuses to accept …

Danish labour union joins Swedish strike action against Tesla Read More »

By Jan Strupczewski BRUSSELS (Reuters) – European Union finance ministers agreed on Wednesday changes to the EU’s fiscal rules updating them to the post-pandemic realities of high public debt and the need for massive public investment to fight climate change. Below are the main points of the new approach. FOCUS OF THE RULES The rules …

Factbox-Main elements of fiscal reforms agreed by EU governments Read More »

PRAGUE (Reuters) – The Czech industry minister on Wednesday called on the owners of steel maker Liberty Ostrava to return money lent to related parties to the firm. Liberty, which has an annual capacity of 3.6 million metric tons of steel and employs about 6,000, is on the brink of collapse after its energy supplier …

Czech minister calls on Liberty Ostrava steel owners to return cash to firm Read More »

By Jan Strupczewski BRUSSELS (Reuters) -European Union finance ministers agreed on Wednesday the latest reform of the bloc’s two-decade-old fiscal rules, allowing more time to cut public debt and creating incentives for public investment even during budget consolidation. The reform comes after national debt levels were pushed to record highs by pandemic recovery programmes and …

EU governments clinch deal for more lenient fiscal rules Read More »

MADRID (Reuters) -Spain’s Santander on Wednesday said it bought 20% of a U.S. real estate portfolio for $1.1 billion from the Federal Deposit Insurance Corporation (FDIC), which will retain 80% in a joint venture with the bank. Under the deal, Santander will service 100% of the assets in the portfolio. The $9 billion portfolio of …

Spain’s Santander to buy stake in US real estate portfolio for $1.1 billion Read More »

(Reuters) – The Spanish government will acquire a stake of up to 10% in telecoms giant Telefonica to counterbalance a large holding in the company built by Saudi Arabia’s STC. Economy Minister Nadia Calvino said on Tuesday the move was “in line with other big European countries such as France and Germany that have stakes …

Factbox-Government stakes in European companies Read More »