By Simon Jessop and Virginia Furness LONDON (Reuters) -The Net-Zero Banking Alliance is to cease operations after a vote to wind up the group which had already lost many of its members amid allegations from some U.S. lawmakers that membership breached antitrust regulations. The alliance, set up in 2021, was the banking industry’s main body …
Net-Zero Banking Alliance folds after mass exodus by members Read More »
(Reuters) -The pound firmed slightly against a broadly weaker dollar on Friday, with traders digesting news that business activity growth was slowing while they awaited remarks from Bank of England governor Andrew Bailey. They were also looking ahead to British finance minister Rachel Reeves’ budget due in eight weeks. At 1040 GMT, the pound was …
Sterling firms as traders digest PMIs, await Bailey speech Read More »
By David Milliken LONDON (Reuters) -British business activity grew at the slowest pace in five months in September as companies and consumers put big spending decisions on hold as they waited to see if they would be hit by tax rises in November’s budget, a survey showed on Friday. The S&P Global Purchasing Managers’ Index …
UK business activity grows at slowest pace in 5 months, PMI shows Read More »
By Amy-Jo Crowley, Dominique Patton and Mathieu Rosemain LONDON (Reuters) -Armani representatives have approached potential buyers over a minority stake in the renowned Italian fashion group, three sources told Reuters, starting a de facto auction for a slice of one of the world’s best-known fashion empires weeks after the designer’s death. L’Oreal is among those …
Exclusive-Armani has approached potential buyers over stake sale, sources say Read More »
TURIN (Reuters) -European Commission President Ursula von der Leyen called on Friday for a continent-wide push to develop self-driving cars, saying artificial intelligence could help revive the region’s struggling automotive sector and improve road safety. Speaking at the Italian Tech Week in Turin, Italy’s automotive hub, von der Leyen urged the European Union to adopt …
EU’s Von der Leyen urges European push on AI-driven cars Read More »
(Reuters) -British pub chain JD Wetherspoon on Friday reported a slower start to its new financial year and highlighted sustained cost pressures in a difficult consumer climate, sending the pub group’s shares down nearly 5% in early trading. The company reported like-for-like sales growth of 3.2% in the nine weeks to September 28 of fiscal …
JD Wetherspoon hit by slower sales and higher costs Read More »
(Reuters) -Tesla has now begun selling its Cybertruck in Qatar, the U.S. electric vehicle maker said in a post on X on Friday, following the launch of its operations in Saudi Arabia earlier this year. The Elon Musk-led carmaker marked its first foray into the Middle East in 2017 with a launch in the United …
Tesla begins selling Cybertrucks in Qatar, company says Read More »
By Yadarisa Shabong and DhanushVignesh Babu (Reuters) -Italian-owned Princes Group is planning an initial public offering on the London Stock Exchange for its British food and beverage company, it said on Friday, in a boost for London’s struggling IPO market. The Liverpool-based company, which owns brands such as Princes Tuna, Napolina Pasta and Naked Noodle, is …
Canned tuna and Napolina owner Princes Group plans $2 billion London IPO Read More »
WARSAW (Reuters) -Poland said on Friday that its plan to link to a NATO pipeline network, which is designed to supply troops with fuel in the event of war, will cost 20 billion zlotys ($5.5 billion). Earlier in the day, the ministry and Polish pipeline operator PERN signed a preliminary deal to extend the country’s …
Poland’s link with strategic NATO fuel pipeline to cost $5.5 billion Read More »
By Giuseppe Fonte ROME (Reuters) -Italy’s public debt will only start falling as a proportion of economic output from 2027, the Treasury said in its multi-year budget plan, while economic growth will take a significant hit next year due to U.S. trade tariff policy. The debt — the second highest in the euro zone after …
Italy’s budget sees rising debt as growth hit by US tariffs Read More »
