LONDON (Reuters) -Britain’s statistics office said on Wednesday that government borrowing in the previous and current fiscal years was a combined 3 billion pounds ($4 billion) lower than previously reported after a value added tax receipt data error was found. The ONS said the error was in data provided by the government’s tax office and …
UK lowers borrowing estimates by 3 billion pounds after tax data error Read More »
By Foo Yun Chee and Inti Landauro BRUSSELS (Reuters) -The European Commission on Wednesday announced a 1-billion-euro ($1.1 billion) plan to ramp up the use of artificial intelligence in key industries amid a push to cut the European Union’s reliance on U.S. and Chinese technologies. The EU executive’s Apply AI strategy followed an action plan …
EU rolls out $1.1 billion plan to ramp up AI in key industries amid sovereignty drive Read More »
By Stefano Rebaudo (Reuters) -Bond markets remain focused on budget concerns in the U.S., euro zone and Japan, meaning the recent pullback in ultra-long sovereign yields may prove short-lived, potentially reigniting interest in this year’s popular curve steepening trade. Investors have been quick to react to governments that up their spending, or are not seen …
Analysis-Investors set to reignite yield curve steepening if fiscal worries worsen Read More »
BERLIN (Reuters) -Germany’s Helsing will acquire Australian underwater drone maker Blue Ocean, the defence startup said on Wednesday, as it looks to expand its AI-powered autonomous systems in the marine sector. Helsing, which did not give a transaction value, said that it would integrate Blue Ocean’s hardware and manufacturing capabilities with its own artificial intelligence …
Germany’s Helsing to acquire Australian underwater drone maker Read More »
(Corrects first paragraph to say the group is Irish, not British; removes reference to UK in headline) (Reuters) -Irish convenience food producer Greencore raised its annual profit forecast on Wednesday for the second time in less than three months, boosted by strong demand for sandwiches and sushi and tight cost-control measures. Greencore aims to expand …
Greencore raises annual profit forecast again as food-to-go demand surges Read More »
LONDON/MUMBAI (Reuters) -Britain said it was seeking urgent clarification on steel import quotas announced by the European Commission on Tuesday, with Prime Minister Keir Starmer saying his government was in talks with the bloc about the move. The European Commission proposed cutting tariff-free steel import quotas by almost half and a 50% duty for excess …
UK seeks clarification on EU steel quotas as industry warns of crisis Read More »
By Giuseppe Fonte and Elvira Pollina ROME (Reuters) -Italy plans to apply a single 30% threshold for mandatory takeover bids in listed companies, removing a lower threshold for larger companies, a draft decree seen by Reuters showed on Wednesday, part of a wider reform of the country’s decades-old financial code. Mandatory bids currently need to …
Italy to apply single 30% threshold for mandatory bids, draft shows Read More »
(Reuters) -Britain’s Serica Energy lowered its annual production forecast on Wednesday for the second time in a month, following a fresh disruption at the Triton floating production storage and offloading vessel. Production at the vessel, which is operated by Dana Petroleum, has been temporarily halted from September 30 due to a flare system issue, said …
UK’s Serica Energy cuts production forecast again after new Triton setback Read More »
PARIS (Reuters) -Any plans to modify France’s pension reforms – whose unpopularity is one of the reasons behind the country’s political crisis – would be very costly for the economy, said acting French finance minister Roland Lescure on Wednesday. “Modifying the pension reform will cost hundreds of millions in 2026, and billions in 2027,” Lescure …
Modifying pension reform would be very costly for France, says finance minister Read More »
(Reuters) -British pub group Marston’s on Wednesday said it expects to report annual pre-tax profit higher than market expectations, as revenue management and efficiency initiatives lift margins despite slowing sales. Faced with renewed pressures from consumers tightening their spending amid persistent inflation, Marston’s has turned to artificial intelligence to help manage the productivity of its …
UK pub group Marston’s forecasts annual profit above market view Read More »
