Reuters UK Business

By Ahmad Ghaddar and Olesya Astakhova LONDON/MOSCOW (Reuters) -Eight OPEC+ countries are likely to further raise oil output on Sunday with the group’s leader Saudi Arabia pushing for a large increase to regain market share and Russia suggesting a more modest rise, four people with knowledge of OPEC+ talks said. Russia and Saudi Arabia, the …

OPEC+ set for another oil hike as Saudi and Russia debate size, sources say Read More »

LISBON (Reuters) -Portuguese economist Alvaro Santos Pereira will take over as governor of the Bank of Portugal and member of the European Central Bank’s Governing Council as of Monday, succeeding Mario Centeno, the government said on Friday. In July, the centre-right minority administration nominated Santos Pereira, who served as economy minister in 2011-2013 and has …

New Bank of Portugal governor to take over on Monday Read More »

LONDON (Reuters) -Bank of England Governor Andrew Bailey warned on Friday of the danger of rolling back financial regulation as memories of past crises faded, and said central banks needed to keep close track of new potential threats. “There is … a growing risk that because of this, as the pro-cyclical tide turns, we are …

Bank of England’s Bailey warns against rolling back financial regulation Read More »

By Charlie Conchie LONDON (Reuters) -A flurry of listings on the London Stock Exchange this week has raised hopes of a revival after one of the most sluggish years on record, bankers and advisers said. In the nine months to the end of September, London hosted only three IPOs on its main market, putting it …

Could London’s late IPO flurry mark a turning point? Read More »

ROME (Reuters) -Italy plans to increase its borrowing by 12 billion euros ($14 billion) between 2026 and 2028, slowing the reduction of the deficit to allow measures including tax cuts for middle-income earners, the Treasury showed in its multi-year budget plan. The government has targeted the deficit to fall to 2.8% of gross domestic product …

Italy plans to increase borrowing by $14 billion from 2026-2028 Read More »

(Reuters) -Tesla’s UK car sales were nearly flat in September, compared with a year earlier, while the overall UK electric vehicle market saw strong growth, data from New AutoMotive showed on Friday. There were 8,038 new Tesla UK registrations in September, up just 0.11% from a year earlier, the data showed. Backlash against Tesla CEO …

Tesla’s UK car sales barely grew in September, New Automotive data shows Read More »

TURIN (Reuters) -The European Union plans to propose a single set of rules for startups next year to help the bloc’s innovative companies grow and operate across the region and find it easier to retain talent, the head of EU’s executive said on Friday.  Speaking at the Italian Tech Week in Turin, European Commission President …

EU to propose uniform rules for startups to help them grow, von der Leyen says Read More »