Reuters UK Business

By Iain Withers, Paul Sandle and David Milliken LONDON (Reuters) – The Confederation of British Industry said on Friday that it was suspending all policy and membership work until June, after a slew of businesses quit following a new media report about another alleged rape at the trade association. Major British corporate names including NatWest, …

Britain’s CBI group suspends work as businesses quit over rape allegations Read More »

MILAN (Reuters) – Italy’s antitrust authority said on Friday it had taken measures against Meta Platforms over allegations it abused its position in the country, part of an investigation of music rights. Meta, the U.S. company which owns Facebook, WhatsApp and Instagram, last month failed to reach a deal with the Italian society of authors …

Italy’s antitrust authority moves against Meta in music rights case Read More »

(Corrects name in lede to ‘Fidelity International’) By Nell Mackenzie PARIS (Reuters) -The biggest threat to the economic outlook is a credit squeeze that has not finished filtering through the financial system, a senior official at Fidelity International told a European equities conference on Wednesday. For asset managers, hedge funds and traders gathered in Paris …

Credit squeeze ‘biggest threat’ to economic outlook, Fidelity International says Read More »

By Vera Eckert FRANKFURT (Reuters) – Germany is getting nearer to goals for developing a green hydrogen market by the end of the decade, one of the country’s biggest utilities E.ON said on Friday, updating a less optimistic briefing issued six months ago. Germany, which wants to achieve 10 gigawatts of green hydrogen capacity by …

Germany improving efforts to meet 2030 hydrogen goals, says E.ON Read More »

By Shubham Batra (Reuters) -European shares struggled for direction on Friday, set to close the week flat after a fourth weekly gain, as investors eyed more corporate earnings for cues on sector rebound, while the euro zone’s economic recovery unexpectedly gathered pace this month. The pan-European STOXX 600 index edged 0.1% lower, but hovered close …

European shares tepid despite surprise regional economic recovery Read More »

By Jonathan Cable and Indradip Ghosh (Reuters) -The euro zone economic recovery has unexpectedly gathered pace this month as the bloc’s dominant services industry saw already-buoyant demand rise, more than offsetting a deepening downturn in manufacturing, surveys showed. The strong services performance could mean that wage pressures continue in the region, complicating the European Central …

Euro zone recovery gathers pace on services boost in April -PMI Read More »

By Suban Abdulla LONDON (Reuters) – British businesses reported a bounce in activity this month and the slowest input cost inflation in over two years, an industry survey showed on Friday, but price pressures still look strong enough for the Bank of England to raise rates again next month. The preliminary or “flash” reading of …

Britain’s economy grows at fastest pace in a year: PMI Read More »

OSLO (Reuters) – Norway’s $1.4 trillion sovereign wealth fund, one of the world’s largest investors, on Friday posted a profit of 893 billion Norwegian crowns ($83.89 billion) for the first quarter of 2023, boosted by a rise in the value of its global stock portfolio. “The rise of the equity market was to a great …

Norway’s wealth fund posts $84 billion first-quarter profit Read More »

By Matthew Chye (Reuters) – Chile’s President Gabriel Boric announced on Thursday he would nationalise the country’s vast lithium industry to boost the economy and protect the environment. The shock announcement is the latest in a trend as countries look to assert greater control over key resources amid intensifying competition for materials that are crucial …

Factbox-Chile lithium move latest in global resource nationalism trend Read More »