LONDON (Reuters) -The Bank of England will make changes to explain in more detail its decisions on interest rates and other monetary policy issues from next month, BoE Chief Economist Huw Pill said on Friday. The BoE was taking concrete steps in response to a review of how its forecasting should adapt to greater uncertainty …
Bank of England to explain rates decisions in more detail from November Read More »
ROME (Reuters) -Italy’s 2026 budget contains tax cuts and spending hikes worth 18.7 billion euros ($21.86 billion), Prime Minister Giorgia Meloni said on Friday. The government will assess tapping an EU escape clause aimed at boosting defence spending, and will avoid cutting welfare spending, Meloni told reporters after the cabinet approved the budget law that will …
Italy’s 2026 budget entails tax cuts and spending hike worth 18.7 billion euros Read More »
(Reuters) -Autoliv, the world’s largest producer of airbags and seatbelts, reported a third-quarter adjusted operating profit above market expectations on Friday and said it had recouped around 75% of the tariff-related costs it had incurred during the quarter. “We continue to closely monitor the situation, and remain adaptive and agile,” CEO Mikael Bratt said in …
Autoliv beats profit estimates, recoups 75% of tariff costs in Q3 Read More »
(Reuters) -Stellantis and Chinese autonomous driving firm Pony.ai said on Friday that they had signed an agreement to jointly develop and test self-driving vehicles in Europe. The partnership will combine Pony.ai’s autonomous driving software with Stellantis’ battery-electric medium-sized van platform designed for SAE Level 4, or hands-off, eyes-off, driving. Pony.ai, founded in 2016 in China …
Stellantis, Pony.ai to develop self-driving vehicles in Europe Read More »
RIO DE JANEIRO (Reuters) -Brazil’s state development bank has approved 1.7 billion reais ($312.3 million) in financing for the export of 13 Embraer aircraft to U.S. SkyWest Airlines, it said in a statement on Friday. The financing will be paid in U.S. dollars by SkyWest, BNDES said, adding that the aircraft are expected to be …
Brazil’s BNDES approves $312 million financing for Embraer jet exports to SkyWest Read More »
(Reuters) -Porsche on Friday named Michael Leiters, former chief executive of McLaren, as a potential successor to CEO Oliver Blume in a move which could end Blume’s dual leadership role after criticism from investors. Blume took the helm at Porsche 10 years ago but for the past three years has also been CEO of parent …
Factbox-Who is Michael Leiters, potential new CEO of Porsche? Read More »
By Sarah Young and Nora Buli WEST CHILTINGTON, England/OSLO (Reuters) -English winemakers are betting that surging exports can sustain their once novelty product after domestic sales growth slowed, hoping for a boost from Britain’s warmest summer on record this year as climate change optimised conditions. Days before pickers started to harvest this year’s crop, sparkling …
English winemakers hope for export boost as they toast warmest summer Read More »
LONDON (Reuters) -Bank of England Chief Economist Huw Pill said on Friday that interest rates will probably need to be cut more slowly because of stubborn inflation pressures still in the economy. Pill, who is one of the Monetary Policy Committee members who has been most vocal about inflation risks, said there were still signs …
Bank of England’s Pill supports more cautious pace of rate cuts Read More »
By Jesus Calero (Reuters) -Swedish truckmaker Volvo expects trucking demand in North America to remain under pressure into next year, it said on Friday, as weak freight activity and U.S. President Donald Trump’s tariffs weigh on the market. The Gothenburg-based group, which also makes construction equipment and engines, lowered its forecast for the North American …
Volvo Group expects North America weakness through 2026 amid freight slump Read More »
PARIS (Reuters) -Prosecutors in the price manipulation and corruption trial of French supermarket group Casino and its former CEO, have requested a three-year suspended prison sentence and one-year under house arrest for Jean-Charles Naouri. Prosecutors also asked on Thursday evening for Naouri, who led Casino for three decades, to be fined 2 million euros ($2.3 …
French prosecutors request prison sentence for former Casino boss in corruption trial Read More »
