Reuters UK Business

By Joanna Plucinska LONDON (Reuters) – The European Union’s executive body is set to provide permits, regulatory support and easier access to public and private funding for certain strategic green technologies, according to a draft document seen by Reuters. The draft regulation is designed to ensure “the net-zero technology manufacturing capacity in the Union is …

EU to propose new rules, support for certain green industries, document shows Read More »

LONDON (Reuters) – The British public’s expectations for inflation over the coming year and five to 10 years ahead rose unexpectedly in February, U.S. bank Citi said after publishing a monthly survey conducted by market research company YouGov. The Bank of England closely watches surveys of inflation expectations as it believes they influence businesses’ pricing …

UK public inflation expectations rise unexpectedly, Citi/YouGov survey shows Read More »

By Pratima Desai and Eric Onstad LONDON (Reuters) – An enforcement action launched on Friday by a British financial watchdog over a nickel crisis at the London Metal Exchange last year may exclude the most contentious issue – the cancellation of billions of dollars of trades, lawyers said. The tight remit of Britain’s Financial Conduct …

UK watchdog may not probe LME cancelled nickel trades, lawyers say Read More »

MILAN (Reuters) -The executive chairman of Italian brake maker Brembo ruled out on Friday any short-term plans for a tie-up with tyre manufacturer Pirelli. “There is nothing on the table,” Matteo Tiraboschi told Reuters when asked about a possible merger. Long-running speculation about a combination of the two premium auto parts suppliers was rekindled this …

Brembo chairman says Pirelli merger deal not on the table Read More »

HAMBURG (Reuters) -Volkswagen’s supervisory board will on Friday discuss plans for two new factories in North America, one production plant and one battery cell factory, two people familiar with the matter said. While the committee is expected to approve a site for its Scout brand in the United States, discussions around a gigafactory are open-ended, …

Volkswagen board discusses two new North America plants at meeting – sources Read More »

FRANKFURT (Reuters) – The European Central Bank needs more interest rate increases after a planned 50 basis point hike in March as inflation remains far too high, Slovenian central bank Governor Bostjan Vasle said on Friday. Euro zone inflation slowed far less than expected last month while underlying figures, a key measure on durability of …

ECB still needs more rates hikes beyond March, Vasle says Read More »

ROME (Reuters) – Italy’s economy shrank 0.1% in the fourth quarter of last year from the previous three months, national statistics bureau ISTAT said on Friday, confirming a flash estimate issued on Dec. 31. On a year-on-year basis, fourth quarter gross domestic product was up 1.4%, revised from an originally estimated 1.7% issued on December 31. Growth …

Italy’s economy contracts by 0.1% in Q4, confirming flash estimate Read More »