(Reuters) -Rolls-Royce Holdings is set to axe about 2,500 staff as soon as Tuesday as part of a cost-cutting drive by its new chief executive, Sky News reported on Monday. The job cuts will be distributed across the engine maker’s global operations and are likely to affect hundreds of UK staff, the report said citing …
Rolls-Royce to cut 2,500 jobs in cost cutting drive -Sky News Read More »
TIRANA (Reuters) – The European Union wants to bring six Western Balkan countries closer to membership of the bloc but wants them first to implement reform and create their own single market, European Commission President Ursula von der Leyen said on Monday. Having been promised EU membership years ago, the accession process across the region …
EU urges reforms, single market in Western Balkans to boost membership bids Read More »
OTTAWA (Reuters) – Canada and the province of Ontario will give up to C$1 billion to a unit of Belgium’s Umicore to help it build a plant that will produce components for electric vehicle batteries, Ottawa said on Monday. The facility, in the Ontario town of Loyalist Township, will manufacture cathode active materials and precursor …
Canada to give Belgium’s Umicore up to C$1 billion for new battery components plant Read More »
By Sarah Young BOXLEY, England (Reuters) – For hundreds of years Britons have celebrated by drinking French Champagne. But with vineyards now dotted across hills in southern England and sustainability concerns growing, local fizz is emerging as the drink of choice. Britain is still the world’s second-biggest importer of Champagne, a favourite tipple of Winston …
English sparkling wine gets extra fizz from sustainability Read More »
By Siddarth S and Bansari Mayur Kamdar (Reuters) -UK’s FTSE 100 rose on Monday, boosted by a jump in commodity-linked stocks, ahead of a slew of economic data this week that will further guide the Bank of England’s interest rate path. The blue-chip FTSE 100 and the mid-cap index closed 0.4% higher. Industrial metal miners …
UK’s FTSE 100 starts new week higher on commodity boost Read More »
By Ludwig Burger BERLIN (Reuters) – Shares in Germany’s BioNTech fell on Monday after it flagged write-downs of up to 900 million euros ($947 million) reflecting similar charges its partner Pfizer announced on their COVID-19 vaccine business last week. Hit by a plunge in use of pandemic-related products, Pfizer on Friday said it would take …
BioNTech warns of write-off of up to 900 million euros on COVID vaccine Read More »
By Amruta Khandekar (Reuters) -European shares were flat on Monday as prospects of an escalation in the Middle East conflict kept investors on the sidelines, though equities in Poland climbed following Sunday’s parliamentary election. The STOXX 600 was steady at 448.39 points by 8:41 GMT, with risk sentiment on shaky grounds over concerns that the …
Geopolitical concerns pressure European stocks, Polish equities shine Read More »
LONDON (Reuters) – The Bank of England still has “some work to do” to make sure inflation falls back to the central bank’s 2% target and stays there, BoE Chief Economist Huw Pill said on Monday. “We still have some work to do in order to get back to 2%. And we probably have some …
Bank of England has some work to do still on inflation, Pill says Read More »
MILAN (Reuters) – Italian fashion group Aeffe said on Monday that former Gucci’s head designer of womenswear Davide Renne would be the new creative director of its Moschino brand starting on Nov. 1. Renne will take the place of Jeremy Scott, who stepped down after a decade as Moschino’s creative director, the group said. He …
Moschino names former Gucci designer Renne creative director Read More »
LONDON (Reuters) – Poland’s ruling nationalists appeared on Monday to have lost their parliamentary majority in the nation’s most pivotal election in decades, raising the possibility of a huge political shift that cheered Polish financial markets. Below the latest market and analyst reaction to the election: + Poland’s blue chip index WIG20 jumped nearly 5% …
Polish markets cheer after election flags major political shift Read More »
