Dec 11 (Reuters) – Britain has promised the United States that spending on National Health Service (NHS) medicines will rise by 1.5 billion pounds ($2 billion) over the next three years, the Financial Times said on Thursday. The pledge is part of a deal to win exemption from drug import levies threatened by U.S. President …
UK pledges extra $2 billion NHS spend to avert Trump tariffs, FT says Read More »
By Juveria Tabassum Dec 10 (Reuters) – Coca-Cola named insider Henrique Braun as its new CEO on Wednesday, replacing James Quincey, as packaged food companies try to adjust their strategies to consumers looking for healthier and more affordable drinks and snacks. The company’s portfolio of zero-sugar beverages, as well as its more premium product lines …
Coca-Cola names insider Henrique Braun as CEO, replacing James Quincey Read More »
By Phoebe Seers LONDON, Dec 11 (Reuters) – Britain will ease rules on how financial advice is given to consumers by April to help boost the country’s weak investment culture, the financial regulator said on Thursday. The new regime, dubbed “targeted support”, will allow advisers to guide consumers on whether and how to invest or …
Britain’s looser investment advice rules to take effect in April Read More »
MANCHESTER, England, Dec 11 (Reuters) – Britain’s housing market slowed after finance minister Rachel Reeves’ budget last month, according to a survey of chartered surveyors that showed buyer enquiries falling at the fastest rate in over two years. The Royal Institution of Chartered Surveyors’ monthly gauge of new buyer enquiries fell in November to -32% …
UK housing market slows after tax-raising budget, RICS survey shows Read More »
LONDON, Dec 11 (Reuters) – Britain will strengthen its trade defences by handing its business secretary the power to direct rapid investigations into unfair practices under new rules designed to deal with rising global protectionism, according to draft guidance seen by Reuters. Britain launched the Trade Remedies Authority after it left the European Union, but …
Exclusive-UK to adopt new powers to bolster trade defences against dumping Read More »
By Tim Hepher, David Shepardson and Dan Catchpole PARIS/WASHINGTON, Dec 10 (Reuters) – Europe’s Airbus conceded likely defeat in the annual order race against Boeing on Wednesday, saying its arch-rival looked set to win a higher share for the first time in six years, helped by settlements over U.S. tariff disputes. Airbus remains ahead in …
Airbus CEO says Boeing likely to win order race this year Read More »
By Maria Martinez and Sabine Siebold BERLIN, Dec 10 (Reuters) – Germany has turned down the idea of a new multilateral defence bank, dealing the latest blow to duelling proposals to create a global state-backed lender to help rearm European and NATO member countries. Berlin’s finance ministry told Reuters on Wednesday that the German government …
Exclusive-Germany turns down idea of new multilateral defence bank Read More »
By Sabine Siebold and Alexander Hübner BERLIN, Dec 10 (Reuters) – Germany’s powerful IG Metall union has warned it will stop cooperating on a Franco-German fighter jet programme if France’s Dassault Aviation remains involved, escalating tensions ahead of ministerial talks on Thursday. The union’s stance adds to signs of worsening relations between German and French …
Powerful German union calls for Dassault’s expulsion from fighter jet programme Read More »
By Caroline Valetkevitch NEW YORK, Dec 10 (Reuters) – Major stock indexes added to gains while U.S. Treasury yields extended declines on Wednesday after the Federal Reserve cut interest rates and signalled it will likely pause further reductions in borrowing costs. The U.S. dollar stayed lower. Projections issued after the U.S. central bank’s two-day meeting …
Stocks add to gains, yields extend declines as Fed cuts rates Read More »
By Nell Mackenzie, Tala Ramadan and Utkarsh Shetti ABU DHABI, Dec 10 (Reuters) – Big investors attending Abu Dhabi Finance Week voiced concern over the high valuations attached to AI-related companies but said that investment in the infrastructure crucial to the sector’s long-term success cannot be dismissed. Technology leviathans such as Alphabet, Meta and Oracle …
Big global investors see gold in AI but don’t buy the rush Read More »
