Reuters UK Business

LONDON (Reuters) – Britain attracted more foreign direct investment (FDI) projects in 2022/23 than the previous year, but they generated fewer new jobs, government figures showed on Tuesday. Data from the Department for Business and Trade showed that while the total number of FDI projects rose to 1,654 from 1,589, the new projects created 79,549 …

Britain records more foreign investment projects but fewer new jobs Read More »

DUBLIN (Reuters) – Ireland looked set to cut its shareholding in AIB Group below 50% for the first time since effectively nationalising it more than a decade ago, with plans to sell another 5% of the bank’s shares on Tuesday. The finance ministry said it plans to sell 132 million shares in an accelerated placement, …

Ireland to cut AIB stake below 50% in latest share sale Read More »

(Reuters) – Swedish carmaker Volvo Cars said on Tuesday it had signed an agreement with Tesla to give its electric vehicles (EVs) access to the EV maker’s Supercharger network in the United States, Canada and Mexico. The deal makes Volvo the first European automaker to adopt Tesla’s North American Charging Standard (NACS), adding to the …

Volvo EVs to now have access to Tesla superchargers Read More »

By Foo Yun Chee and Tassilo Hummel BRUSSELS (Reuters) -Orange and MasMovil’s planned merger of their Spanish operations may reduce competition and push up prices, EU antitrust regulators warned on Tuesday, indicating the telecoms operators may need to offer significant remedies to get the deal approved. Orange, the second largest telecoms provider in Spain, and …

Orange, MasMovil deal may reduce competition, push up prices, EU warns Read More »

By Amanda Cooper LONDON (Reuters) – The pound headed for its biggest daily gain against the dollar in two weeks on Tuesday, boosted by a modest return of risk appetite after an aborted mutiny by mercenaries in Russia at the weekend briefly threatened to upend markets. Investors are still trying to determine how Moscow will …

Sterling heads higher after Russia drama; yield appeal lures investors Read More »

By Stefano Rebaudo (Reuters) -The German yield curve was at its most inverted in nearly 31 years on Tuesday as investors bet that a flagging economy would lead the European Central Bank to cut interest rates after they reach their peak around 4%. Euro area borrowing costs barely moved after President Christine Lagarde said euro …

German bond yield curve most inverted in nearly 31 years Read More »

By Amruta Khandekar (Reuters) -European shares were muted on Tuesday as gains in shares of luxury giants and financial firms on hopes of more policy stimulus from China were countered by hawkish comments from European Central Bank President Christine Lagarde. The pan-European STOXX 600 index was down 0.05% by 8:40 GMT, following six straight sessions …

European shares subdued after hawkish remarks from ECB’s Lagarde Read More »

(Reuters) – The European Central Bank wants lenders to speed up their exit from Russia given the increased reputational, legal and financial risk of doing business there, supervisory chief Andrea Enria said on Tuesday. Though Europe’s top supervisor has for months said he hoped European financial bodies would cut ties with their Russian assets, the …

ECB’s Enria wants euro zone banks out of Russia faster Read More »

LONDON (Reuters) – Bank of England interest rate-setter Swati Dhingra said on Tuesday that there was a time lag between moves in inflation and that scale of demands by workers for increased pay. “There’s naturally a lag in terms of how wages are responding to consumer price inflation,” Dhingra told a conference organised by The …

UK wages are responding to inflation with a lag, BoE’s Dhingra says Read More »