(Reuters) – The UK government said on Wednesday it had agreed to a 5 billion pound ($6.50 billion) deal with housebuilders to eradicate flammable cladding on buildings over 11 meters high. Removing the material became critical after the 2017 Grenfell Tower tragedy, when more than 70 people died in a fire in a high-rise block …
UK’s housebuilders commit $6.5 billion to fix cladding Read More »
BERLIN (Reuters) – German firms grappling with the impact of war in Ukraine face soaring energy costs and disrupted supply chains just as there were signs of recovery from the pandemic. In response, the government has loosened the purse strings, unveiling a package of five measures late last week to prevent companies from going bust …
Factbox-How Germany aims to help firms hit by the Ukraine crisis Read More »
(Reuters) – Office spaces in London could be expensive to rent next year due to a supply crunch, J.P. Morgan analysts said on Wednesday, as developers are being restricted from creating new spaces and leases have begun to shorten. Analyst Tim Leckie expects active demand for prime office space to grow 38% in 2030, but …
Renting office space in London to become costlier in 2023 – J.P. Morgan Read More »
By Andrea Shalal WASHINGTON (Reuters) – The International Monetary Fund hopes to mobilize around $45 billion for a new trust to help a broader range of countries, including some middle-income economies, deal with climate change and other longer-term challenges, a paper prepared by IMF staff and reviewed by Reuters shows. The IMF’s executive board is …
(Reuters) -The UK government said on Wednesday it had agreed to a 5 billion pound ($6.50 billion) deal with housebuilders to eradicate flammable cladding on buildings over 11 meters high. Removing the material became critical after the 2017 Grenfell Tower tragedy, when more than 70 people died in a fire in a high-rise block in …
UK’s housebuilders commit $6.5 billion to fix cladding Read More »
BERLIN (Reuters) -Germany would face a sharp recession if gas supplies from Russia are suddenly cut off, the country’s leading economic institutes said on Wednesday, and the government said the war in Ukraine poses “substantial risks” for Europe’s largest economy. A sudden stop in Russian energy supplies – an adverse scenario and not the institutes’ …
German economic institutes see sharp recession if Russian gas cut off Read More »
By Brenna Hughes Neghaiwi and Oliver Hirt ZURICH (Reuters) -Swiss judges found former Raiffeisen Switzerland Chief Executive Pierin Vincenz guilty of fraud on Wednesday, sentencing him to nearly four years in jail at the end of a trial which focused on his huge strip club bills and use of company expenses. After one of Switzerland’s …
Former Swiss ‘banker of the year’ convicted in fraud trial Read More »
PARIS (Reuters) -France is considering restructuring plans for debt-laden power firm EDF that include full nationalisation followed by the sale of its renewables business to focus on nuclear energy, BFM Business reported, citing unidentified sources. The website said the government was working with investment bank Goldman Sachs on several restructuring scenarios. The sale of the …
France’s EDF could sell renewables to focus on nuclear – BFM Read More »
LONDON (Reuters) – British house prices in February were 10.9% higher than a year earlier, up from a 10.2% increase in January and one of the biggest annual increases in more than 15 years, official figures showed on Wednesday. Annual house price inflation in Britain hit a record 13.5% in June 2021 and 11.5% in …
UK house prices rise at fastest pace since September – ONS Read More »
By Natalie Grover and Yadarisa Shabong (Reuters) -Britain’s GlaxoSmithKline sought to bolster its cancer business on Wednesday by agreeing a $1.9 billion deal to buy U.S. drug developer Sierra Oncology, the latest move to fend off pressure from activist shareholder Elliott. GSK has been facing mounting calls to shore up its drug pipeline since Elliott …
GSK to buy Sierra Oncology amid pressure to boost drug pipeline Read More »
