(Reuters) -HSBC said on Tuesday that it has appointed former NatWest executive David Lindberg as CEO of its UK business, months after the British banking group initiated a search to lead its ring-fenced division. Lindberg, set to begin his new role from December 8, has previously held positions in major Australian banks such as the …
HSBC hires banking veteran David Lindberg to lead its UK business Read More »
By Stefano Rebaudo (Reuters) -Sterling snapped a three-day winning streak against the dollar and fell versus the euro on Monday, as concerns over the British economy weighed on sentiment. Economists expect Wednesday’s UK services inflation data to undershoot the Bank of England’s projection, with a mild bearish impact on the pound. “That (inflation data) can …
Sterling snaps 3-day rising streak versus dollar, awaits inflation data Read More »
By Roberto Samora SAO PAULO (Reuters) -Danish shipping company Maersk is testing a blend of Brazilian ethanol with methanol and marine diesel – known as “bunker” – for its vessel engines as part of its efforts to further decarbonize operations, the company announced on Monday. WHY IT’S IMPORTANT The initiative could open a new market …
Maersk tests Brazilian ethanol mix to make cleaner maritime fuel Read More »
By Maria Martinez BERLIN (Reuters) -Germany’s federal and state government tax revenues were up 2.6% in September from the same month a year ago, the finance ministry said in a report on Tuesday, adding that tax revenues will not get a boost from economic momentum in the short term. Germany, Europe’s largest economy, contracted in …
German tax revenues up 2.6% in September, finance ministry says Read More »
(Reuters) -General Dynamics said on Monday that its Europe unit has secured a contract for about 3 billion euros ($3.50 billion) to deliver next-generation reconnaissance vehicle for the German Army Reconnaissance Corps. The contract was commissioned to General Dynamics European Land Systems by the Federal Office of Bundeswehr Equipment, Information Technology and In-Service Support (BAAINBw). …
General Dynamics gets $3.5 billion scout vehicle contract from Germany Read More »
VIENNA (Reuters) -Austrian former property billionaire Rene Benko has lodged an appeal against his conviction last week for insolvency-related fraud and the two-year prison sentence it incurred, his lawyer said on Monday. The case stemmed from a sweeping investigation into crimes prosecutors suspect were committed in connection with the collapse beginning in 2023 of Benko’s …
Austrian ex-billionaire Benko appeals against insolvency fraud conviction Read More »
LONDON (Reuters) -Pizza Hut UK will shut 68 restaurants and 11 delivery sites, resulting in the loss of 1,210 jobs, after the company behind its British venues entered administration, according to administrator FTI Consulting. FTI was announced on Monday as administrator of DC London Pie Limited, the operator of Pizza Hut’s UK restaurants. However, in …
Pizza Hut UK to close 68 restaurants, 1,210 jobs to go Read More »
By Amina Niasse NEW YORK (Reuters) -WeightWatchers said on Monday it will partner with Amazon to deliver medications including injectable GLP-1 obesity treatments for its members, driving the telehealth provider’s shares up 9% as investors expected financial benefits from making it easier to fill prescriptions. WeightWatchers customers will be able to check whether medications are …
WeightWatchers partners with Amazon for easy weight-loss drug delivery Read More »
By Tim Hepher and Allison Lampert CASTELLON DE LA PLANA, Spain (Reuters) -At Castellon airport in eastern Spain, workers in hazmat suits wriggle through hatches of a nearly new Airbus jet, stripping out parts as if gutting a mechanical whale. Once a semi-deserted airport, Castellon has become a graveyard for aircraft caught in a global …
How engine shortages sent almost-new Airbus jets to the scrapyard Read More »
By Deborah Mary Sophia and Arpan Varghese (Reuters) -Global companies have flagged more than $35 billion in costs from U.S. tariffs heading into third-quarter earnings, but many are lowering their initial forecasts as new trade deals reduce exposure to President Donald Trump’s levies. Trump’s trade war has hiked U.S. tariffs to their highest levels since …
Global companies hit by more than $35 billion in US tariffs, but outlook stabilizing Read More »
