Reuters UK Business

At Labour Party conference, PM Starmer’s rival steals the limelight

29 Sep 2025

By Andrew MacAskill LIVERPOOL, England (Reuters) -British Prime Minister Keir Starmer hopes to use his Labour Party’s annual conference to reset his ailing political brand, but immediately faced sharp criticism from one of his main internal rivals over the direction his government is headed. Andy Burnham, Labour mayor of Manchester, told a packed event on …

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SWIFT and top global banks working on blockchain-based overhaul

29 Sep 2025

By Marc Jones LONDON (Reuters) -Global financial messaging network SWIFT and more than 30 global banks announced on Monday they were now working “at pace” on making cross-border payments instantaneous and on a system capable of handling the various new forms of digital money. SWIFT, a key part of the world’s financial architecture, said the …

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EU states rally around Dutch chips coalition in bid for Chips Act 2.0

29 Sep 2025

By Nathan Vifflin (Reuters) -All of the European Union’s member states have entered a Dutch-led chips coalition that is pushing for revisions to the EU’s Chips Act, the Dutch government said on Monday. The group, known as the “Semicon Coalition”, was formed in March by the Netherlands together with eight other member states. It handed …

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Prosthetics maker Ottobock expects up to $4.9 billion valuation in German IPO

29 Sep 2025

By Alexander Hübner MUNICH (Reuters) -German prosthetics company Ottobock expects a market valuation of up to $4.9 billion from its planned initial public offering (IPO), the company said on Monday. The world’s largest manufacturer of artificial limbs said that up to 12.35 million shares would be offered at a price range of 62-66 euros per …

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Riksbank finished easing after September cut, minutes of meeting show

29 Sep 2025

STOCKHOLM (Reuters) -A monetary policy easing cycle in Sweden that has seen eight interest rate cuts since spring last year, including a quarter-point cut last week, is probably over, minutes of the Riksbank’s most recent monetary policy meeting showed on Monday. The Riksbank cut its policy rate to 1.75% from 2.00% on September 23 arguing …

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SNB, ECB explore linking up instant payment systems

29 Sep 2025

ZURICH (Reuters) -The Swiss National Bank and the European Central Bank are exploring interlinking their instant payment services, Switzerland’s central bank said on Monday. “This initiative supports the general goal of making cross-border payments faster, cheaper, more transparent and more accessible,” the SNB said in a statement. The exploration phase will evaluate interlinking the Swiss …

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Spain expects Mercosur agreement to be ratified by the end of the year

29 Sep 2025

MADRID (Reuters) -Spain expects the agreement with the South American trading bloc Mercosur to be ratified by the end of the year, Economy minister Carlos Cuerpo said on Monday. Under the proposed deal, Mercosur will remove duties on 91% of EU exports,  while the EU will progressively remove duties on 92% of Mercosur exports over …

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Investors look past AI hype to long-term opportunities from government spending

29 Sep 2025

By Divya Chowdhury MUMBAI -Some of the world’s biggest investors are looking beyond a boom in artificial intelligence to longer-term spending by governments tackling geopolitical, technological and demographic pressures set to reshape markets over the next few years. Asset managers are spreading bets across infrastructure, energy transition, healthcare and defence, to capitalise on fiscal stimulus from …

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