Reuters UK Business

By Sergio Goncalves LISBON (Reuters) -Portugal’s soon-to-be-privatised airline TAP is well-positioned to tap into strong growth potential in Brazil and Africa, Chief Executive Luis Rodrigues said on Wednesday. The airline operates routes to 13 Brazilian cities and 14 destinations in Africa, including Portuguese-speaking countries such as Angola and Mozambique. “We are fortunate to be well-positioned …

Portugal’s TAP sees strong growth potential in Brazil, Africa Read More »

MILAN (Reuters) -Unsustainable debt levels among the world’s poorest countries pose a risk to economic development and social stability and require innovative solutions, Italy’s central bank governor Fabio Panetta said on Wednesday. Speaking at a conference in Rome, Panetta said schemes such as debt‑for‑development swaps could channel resources into education, health and climate policies, and …

Italy’s central bank chief urges ‘innovative’ action on poor countries’ debt Read More »

By Stefano Rebaudo (Reuters) -Sterling slipped against a strong dollar but rose versus the euro and the yen on Wednesday, while concerns over the British economy and next month’s budget kept investors on edge. The common currency and the yen were on track for a third straight day of losses against the dollar on Wednesday, …

Sterling rises versus euro, reaches fresh 15-month high against yen Read More »

By Gianluca Lo Nostro (Reuters) -Most European small and mid-sized enterprises are prioritizing artificial intelligence systems over basic digital tools across their businesses, losing ground to bigger firms investing in core digital systems, a study published on Wednesday showed. WHY IT’S IMPORTANT While large corporations are steadily adopting AI software and scaling up investments, small …

European small businesses rush into AI without basic digital tools, study shows Read More »

(Reuters) -Billionaire Nikolay Storonsky, the CEO and co-founder of financial technology business Revolut, has changed his residence from the UK to the United Arab Emirates, according to filings in Britain’s corporate registry. Storonsky, who was born in Russia, changed his residence status in October 2024, a Companies House filing published on Tuesday shows. A spokesperson …

Revolut co-founder Storonsky leaves UK to move residence to UAE Read More »