Reuters UK Business

By Andrea Shalal and David Lawder WASHINGTON (Reuters) – New forecasts by the International Monetary Fund point to a difficult future for the global economy marked by lackluster medium-term growth, escalating trade tensions and high levels of debt, IMF Managing Director Kristalina Georgieva said on Thursday. Georgieva painted a sobering picture in a speech ahead …

IMF chief expects lukewarm growth in medium term, urges reforms Read More »

LONDON (Reuters) – The number of women who hold executive reins in corporate Britain has fallen for the first time in eight years in an “unacceptable” reversal that could delay gender parity for another five generations, a consultancy said on Thursday. The Pipeline, which analyses gender diversity at senior corporate levels, said the average proportion …

Number of female business leaders in Britain falls in 2024, report says Read More »

By Ankika Biswas, Paolo Laudani and Johann M Cherian (Reuters) -European stocks closed less than 1% away from record high levels on Thursday after the European Central Bank delivered a widely expected 25-basis-point rate cut, even though it refrained from offering new clues about its next move. The continent-wide STOXX 600 index ended higher by …

European shares close higher after ECB lowers interest rates Read More »

By Pranav Kashyap and Sruthi Shankar (Reuters) -The UK’s FTSE 100 closed at a near five-month high on Thursday, as pest control group Rentokil announced an overhaul of its struggling North America business, while investors continued to bet on further policy easing by the Bank of England (BoE). The blue-chip index rose 0.7% to close …

FTSE 100 touches five-month closing high on optimism over rate cuts Read More »

COPENHAGEN (Reuters) -A co-founder of struggling Swedish battery maker Northvolt is willing to inject 100 million crowns ($9.50 million) in the group and may be joined by pension funds AMF and AP, broadcaster SVT reported late on Wednesday, citing unnamed sources. Northvolt is in talks with investors and lenders to secure short-term funding of some …

Northvolt co-founder, Swedish funds may inject cash, broadcaster reports Read More »

By Valentina Za MILAN (Reuters) -Italy’s second-biggest bank UniCredit has reached an agreement with labour unions to send 1,000 staff into early retirement and replace half of them with new hires, unions said on Thursday. The move, sources have previously told Reuters, forms part of CEO Andrea Orcel’s strategy aimed at slimming down the corporate …

UniCredit inks jobs deal with unions in corporate centre downsizing Read More »