Reuters UK Business

By Allison Lampert, Tim Hepher and Valerie Insinna PARIS (Reuters) – For dealmakers, this week’s Paris Air Show will showcase the boom in demand for commercial planes and military technology. What won’t be on display is the problem that has consumed time and attention of executives and consultants for the past two years: the long …

Analysis-Behind aviation recovery, suppliers struggle to keep up Read More »

LONDON (Reuters) -Average two-year fixed mortgage rates for home buyers in Britain hit 6.01% on Monday, property data provider Moneyfacts said, taking the key borrowing cost for the housing market to its highest since December 2022. The rate stood at 5.98% on Friday, Moneyfacts said. The Bank of England is expected to raise its borrowing …

UK 2-year mortgage rates top 6%, adding to housing strains Read More »

By Huw Jones LONDON (Reuters) -The Bank of England has launched its first system-wide “stress test” to establish how big banks, insurers, clearing houses and investment funds collectively behave during extreme stresses in markets, it said on Monday. The BoE had said in December that investment funds and other non-bank financial institutions would face their …

Bank of England launches first sector-wide ‘stress test’ Read More »

DUBAI (Reuters) – Saudi defence company SCOPA Industries and Airbus have signed an agreement to jointly produce civil and military helicopters in the kingdom, SCOPA CEO Fawaz Alakeel told Saudi state TV on Monday. The deal was announced on the sidelines of a Saudi-French investment forum being held during a visit by Saudi Arabia’s Crown …

Saudi SCOPA and Airbus agree to produce helicopters in the kingdom -SCOPA CEO Read More »

By Rachna Uppal and Yousef Saba DUBAI (Reuters) – Buoyed by a swift economic rebound post-COVID, Dubai is racing to attract people and capital to drive long-term growth, betting it can avoid past debt crises that dented its global ambitions. The approach pursued by the glitzy Gulf city-state is a reboot of a flamboyant economic …

Dubai chases long-term growth as property booms, seeks to blunt debt risk Read More »

(Reuters) – The largest union of UK’s Royal Mail will resume voting on an agreement reached with the British postal firm on June 22, after updating its terms to focus on restoring the quality of services and increasing the one-off lump sum payout to employees. The Communication Workers Union (CWU) put out a joint agreement …

Royal Mail’s largest union to resume vote on deal with postal company on June 22 Read More »

By Noele Illien ZURICH (Reuters) -Voters in Switzerland on Sunday approved the introduction of a global minimum tax on businesses and a climate law that aims to cut fossil fuel use and reach zero emissions by 2050, public broadcaster SRF reported. The results showed almost 80% of those who voted in Sunday’s national referendum backed …

Swiss voters approve global minimum corporate tax, climate goals Read More »

PARIS (Reuters) – Boeing expects to increase production of its best-selling 737 MAX to 38 jets a month “pretty soon,” but the company is likely to see supply chain instability at every rate increase, the head of Boeing Commercial Airplanes (BCA) said Sunday. Boeing had planned to bolster 737 MAX production from its current 31 …

Boeing to lift 737 MAX output to 38/month ‘pretty soon’ Read More »

By Valerie Insinna and Tim Hepher WASHINGTON/PARIS (Reuters) – European hopes of winning at the second attempt a groundbreaking U.S. military order for refueling planes are fading after the Pentagon scaled back its potential order, cooling the prospect of a new transatlantic “Tanker War,” industry sources said. Aerospace titans Airbus and Boeing clashed in an …

Analysis-Lockheed-Airbus face lengthening odds in U.S. tanker re-run Read More »