Reuters UK Business

By Phoebe Seers LONDON (Reuters) -Britain’s financial regulator set out plans on Tuesday to encourage asset managers to “tokenise” their funds on blockchain, in a bid to attract younger investors. Under the proposals, UK asset managers would be permitted to issue crypto tokens representing shares in their funds, using public blockchains such as Ethereum. Until …

UK regulator backs ‘tokenised’ funds to attract younger investors Read More »

(Corrects headline to clarify CEO called for government to undo stamp duty changes for first-time buyers) By Raechel Thankam Job (Reuters) -Britain’s major homebuilders are urging the government to eliminate stamp duty and establish a long-term deposit scheme for first-time buyers to boost market sentiment, Bellway’s chief executive said on Tuesday. The housing sector has …

Bellway CEO urges UK government to bring back stamp duty relief for first-time buyers Read More »

FRANKFURT (Reuters) -Euro zone economic growth will hold up despite a drag from U.S. tariffs but this will come at a cost of higher government spending and rising debt, the International Monetary Fund said on Tuesday in an update of its World Economic Outlook. The 20 nation currency bloc has been surprisingly resilient to trade …

European growth to hold up but at an increasing fiscal cost, IMF says Read More »

By Elisa Anzolin MILAN (Reuters) -The Giorgio Armani Foundation, key to the Italian fashion house’s future and eventual planned sale, will be led by the late designer’s partner and close confidante Pantaleo Dell’Orco as chair, a document seen by Reuters on Tuesday showed. Dell’Orco was left the largest portion of the company and main voting …

Armani’s partner Dell’Orco to head foundation that will play key role in sale, document shows Read More »

(Reuters) -Oracle will offer cloud services using Advanced Micro Devices’ upcoming MI450 artificial intelligence chips, the companies said on Tuesday, as they rush to tap the booming demand for infrastructure to support tools such as ChatGPT. The companies will first deploy 50,000 MI450 processors in the third quarter of 2026 and further expand in 2027 …

Oracle to offer cloud services using AMD’s upcoming AI chips Read More »

By Maria Martinez (Reuters) -German investor morale improved less than expected in October, weighed down by sluggish current economic performance and further delays in long-awaited recovery in Europe’s biggest economy, a monthly survey showed on Tuesday.  The ZEW economic institute said its economic sentiment index based on a survey of financial analysts rose to 39.3 …

German investor morale rises less than expected in October, ZEW survey shows Read More »