Reuters UK Business

BRUSSELS (Reuters) -U.S. tech giant Amazon plans to invest 1 billion euros ($1.16 billion) in Belgium from 2025 to 2027, newspaper L’Echo reported on Wednesday. The company said it will develop infrastructure and strengthen its partnership with Belgian mail operator Bpost and local small and medium companies, the newspaper reported. The company aims to enhance …

Amazon to invest $1.16 billion in Belgium by 2027, L’Echo reports Read More »

By Can Sezer ISTANBUL (Reuters) -Turkey could meet more than half of its gas needs by the end of 2028 by ramping up production and increasing U.S. imports, in a shift that threatens to shrink the last major European market for Russian and Iranian suppliers. Washington has publicly pressured allies, including NATO member Turkey, to …

Analysis-Turkey’s gas shift threatens Russia and Iran’s last big European market Read More »

BRUSSELS (Reuters) -A new EU plan to sharply cut steel import quotas goes too far and threatens European automakers with higher input and administrative costs, the European Automobile Manufacturers’ Association (ACEA) said on Wednesday. ACEA said European carmakers source about 90% of their direct steel purchases in the EU and were “most concerned” about the …

EU steel import quota plan goes too far, says European auto lobby Read More »

LONDON (Reuters) -Rising asset prices have widened the wealth gap between the most well off 10% of British households and the average, a think tank said on Wednesday, highlighting the country’s growing wealth inequality. The Resolution Foundation, which focuses on issues facing lower- and middle-income Britons, said the richest 10% of households held around half …

UK workers face growing wealth gap challenge, think tank says Read More »

By Jamie McGeever ORLANDO, Florida (Reuters) -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist  A burst of profit-taking and economic jitters knocked U.S. and world stocks off their record-high perches on Tuesday as investors digested the ongoing political gridlock in the U.S. and France, while gold futures reached …

Trading Day: A ‘melt up’ time out (except gold) Read More »

(Reuters) -Tesla unveiled more affordable versions of its best-selling Model Y SUV and Model 3 sedan on Tuesday at $39,990 and $36,990, respectively, as the electric-vehicle maker seeks to reverse falling sales and waning market share amid rising competition. (Reporting by Zaheer Kachwala in Bengaluru and Juby Babu in Mexico City; Editing by Pooja Desai)