Reuters UK Business

By David Milliken LONDON (Reuters) – British manufacturing activity slowed sharply in September, though less steeply than the month before when it shrank at the fastest rate in more than three years, a survey showed on Monday. The S&P Global/CIPS manufacturing Purchasing Managers’ Index (PMI) remained well below the 50 level dividing growth from contraction, …

UK factory activity slows sharply in September – PMI Read More »

BERLIN (Reuters) – German financial regulator BaFin will send a special monitor to Deutsche Bank following problems at its Postbank unit, German daily Handelsblatt reported on Sunday citing sources close to the matter. Both BaFin and Deutsche Bank declined to comment. The issues at Postbank included disruptions in online offerings, difficulty in reaching customer service …

German regulator BaFin to send special monitor to Deutsche Bank – Handelsblatt Read More »

BERLIN (Reuters) – Germany has welcomed a show of support from China for the G20 debt restructuring framework for poorer countries in a joint statement after their financial dialogue in Frankfurt over the weekend. “We welcome the fact that the Chinese side is also committed to this in our Joint Statement, because solutions are inconceivable …

Germany welcomes China’s support for G20 debt restructuring framework Read More »

MILAN (Reuters) – Glencore Plc may look at alternative options for a recycling hub in Europe for electric car batteries after the Italian region of Sardinia rejected a fast-track approval process for its pilot project, the mining company said. Glencore and battery recycler Li-Cycle Holdings Corp said in May they planned to develop a recycling …

Glencore may look elsewhere for recycling hub after Italy rejects fast-track approval Read More »

MANCHESTER, England (Reuters) – British Prime Minister Rishi Sunak said on Sunday that the government is making “good progress” on bringing down inflation as he laid out his priorities at the start of the governing Conservatives’ annual conference. Britain’s inflation rate is forecast to fall to about 5% by the end of the year – …

UK PM Sunak says we are making “good progress” on bringing down inflation Read More »

LONDON (Reuters) – Some 88 UK retail leaders, including the bosses of Tesco, Sainsbury’s and Marks & Spencer, have signed a letter to interior minister Suella Braverman, demanding action over rising rates of retail crime. Rising crime is increasingly becoming a political issue in Britain ahead of an expected national election in 2024. Industry lobby …

UK retailers demand government action on rising crime Read More »

By Juby Babu (Reuters) – Apple on Saturday said it has identified a few issues which can cause new iPhones to run warmer than expected, including a bug in the iOS 17 software which will be fixed in an upcoming update. After complaints that the new phones are getting very warm, Apple has said that …

Apple identifies issues causing overheating in the iPhone 15 Read More »