LONDON (Reuters) -Britain’s Prime Minister Keir Starmer on Wednesday declined to commit to a previous pledge not to raise taxes on working people ahead of a budget next month, saying upcoming forecasts would show the economy was in a worse state than thought. Economists have said finance minister Rachel Reeves may have to break the …
UK’s Starmer does not commit to tax pledges ahead of budget Read More »
(Reuters) -Britain’s finance minister, Rachel Reeves, could scrap a windfall tax on the country’s oil and gas industry a year earlier than planned, the Financial Times reported on Wednesday. Reeves is believed to be considering a range of options to remain on course for her target of balancing day-to-day spending with tax revenues by the …
UK’s Reeves looks at early scrapping of windfall tax on oil and gas sector, FT reports Read More »
By Foo Yun Chee BRUSSELS (Reuters) -Anglo American’s $500 million sale of its Brazilian nickel assets to a unit of Hong Kong-listed MMG faces an EU antitrust investigation after regulators rejected the companies’ proposed remedies, two people with direct knowledge of the matter said on Wednesday. The companies had offered to buy ferronickel from MMG …
Anglo-American’s $500 million MMG deal faces EU antitrust probe, sources say Read More »
By Angelo Amante ROME (Reuters) -Italy’s Court of Auditors on Wednesday refused to authorise a landmark government plan to build a bridge connecting Sicily to the mainland, casting serious doubt on the viability of the 13.5 billion euro ($15.7 billion) project. Prime Minister Giorgia Meloni denounced the ruling as an “intolerable interference” in the work …
Italy’s auditors court rejects Sicily bridge plans, govt vows to fight back Read More »
(Corrects 2nd subhead and paragraphs 14 and 15 to show that the Teacher Retirement System of Texas has not yet disclosed how it will vote at Tesla, instead of saying that the TRS had supported the CEO compensation.) By Ross Kerber (Reuters) – Tesla critics hope to block the stratospheric compensation proposed for CEO Elon Musk …
By Tim Hepher PARIS (Reuters) -Europe’s Airbus lowered a production target for its smallest jetliner on Wednesday, taking the gloss off forecast-beating quarterly profits at the rest of its commercial jetliner business as well as gains in helicopters and defence. The world’s largest planemaker said it aims to speed up assembly for the Canadian-designed A220 …
Airbus cuts production rate target for its A220 jet Read More »
MILAN (Reuters) -Central banks must remain on top of developments in the finance and payments industries and play an active role in order to protect the monetary systems that underpin all modern economies, a top European Central Bank said. In a speech delivered in Florence where the ECB’s governing council on Wednesday started its two-day …
ECB must have active role in payments’ evolution to protect public trust in money Read More »
BELGRADE (Reuters) -Serbia’s only oil refinery will continue operating only until November 25 without new crude oil supplies, which have been halted due to U.S. sanctions against Russian-owned plant operator NIS, Tanjug news agency reported on Wednesday, quoting the energy minister. NIS, in which Gazprom Neft owns 44.9%, Gazprom 11.3% and the Serbian government 29.9%, …
By Harshita Mary Varghese (Reuters) -Cable TV pioneer John Malone will step down as chair of Formula 1-owner Liberty Media and Liberty Global and become chairman emeritus, the companies said on Wednesday, after a career spanning decades of dealmaking. Liberty Media Vice Chairman Robert Bennett will become chairman of the board, while Liberty Global CEO …
John Malone to step down as chair of Liberty Media, Liberty Global boards Read More »
(Reuters) -Italian hearing aid group Amplifon reported a 27.7% drop in its third-quarter adjusted net profit to 19.2 million euros ($22.4 million) on Wednesday. The company confirmed the 2025 guidance it had already lowered in July. CONTEXT Amplifon said it saw a material improvement in revenue trend in the third quarter, with a return to …
Amplifon posts Q3 profit fall, confirms 2025 guidance Read More »
