Reuters UK Business

Germany’s hydrogen strategy requires overhaul to meet 2030 targets, audit office warns

28 Oct 2025

BERLIN (Reuters) -Germany’s federal audit office said on Tuesday that the nation’s hydrogen strategy is falling short of its objectives, calling for a course correction to avoid missing 2030 targets for domestic green hydrogen production. “It’s time for a reality check,” audit office president Kay Scheller said in the report, highlighting that both supply and …

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UK preparing to meet ‘inevitable’ increased drug costs after US talks

28 Oct 2025

By Alistair Smout LONDON (Reuters) -The British government is preparing to meet the “inevitable” increase in the cost of some drugs following talks over pharmaceutical sector pricing and tariffs with the United States, Science Minister Patrick Vallance said. U.S. President Donald Trump has pressured Europe to pay more for U.S. drugs, and major pharma companies …

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Sterling slips as UK’s fiscal hole brought into focus

28 Oct 2025

LONDON (Reuters) -The pound slipped versus the dollar and the euro on Tuesday as the UK’s fraught fiscal backdrop was brought into stark focus again, ahead of next week’s Bank of England meeting and a closely-watched budget just one month away. Britain’s budget watchdog is expected to cut a key productivity forecast by a larger-than-expected …

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Finland’s Wartsila believes in shipping decarbonisation despite IMO setback

28 Oct 2025

By Anne Kauranen and Marta Frackowiak HELSINKI (Reuters) -Wartsila still believes the decarbonisation of marine traffic will continue despite a delay to establishing a global carbon price for shipping, its CEO said on Tuesday, as it reported third-quarter order intake below market expectations. The Finnish engineering group, one of the world’s biggest ship engine makers, …

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Air Liquide expects better Q4, confirms margin goal

28 Oct 2025

By Olivier Cherfan (Reuters) -French industrial gases group Air Liquide expects a better performance in the fourth quarter than in the previous one, its chief executive Francois Jackow said on Tuesday after the company confirmed its margin outlook. The company, which supplies oxygen, nitrogen and hydrogen to factories and hospitals, expects momentum to continue in …

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Finland’s Nokian Tyres plans layoffs after slight Q3 profit miss

28 Oct 2025

(Reuters) -Finland’s Nokian Tyres on Tuesday reported quarterly earnings slightly below market expectations and said it was planning to cut some jobs in its domestic market and elsewhere as it seeks to improve efficiency of its operations. The tyre maker, which employs around 4,400 people worldwide, booked a comparable operating profit of 32.4 million euros …

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