(Reuters) -Dutch brewer Heineken will buy the beverage and retail businesses of Costa Rica’s Florida Ice and Farm Company for $3.2 billion in cash, it said late on Monday, boosting its presence across Central America. Heineken will gain ownership of Costa Rica’s century-old Imperial beer brand through the deal, as well as a soft drink …
Heineken to buy FIFCO businesses for $3.2 billion in Central America push Read More »
By Klaus Lauer and Holger Hansen BERLIN (Reuters) -Five leading German economic institutes have nudged their 2025 growth forecast for Europe’s largest economy up to 0.2%, sources familiar with the matter told Reuters on Tuesday. The institutes had predicted 0.1% growth this year and 1.3% next year in their previous April forecast. Plans by the …
Exclusive-German economic institutes revise up 2025 growth forecast to 0.2%, sources say Read More »
By John Revill ZURICH (Reuters) -Switzerland’s current account surplus more than halved during the second quarter of 2025, data showed on Tuesday, after big fluctuations in gold exports at the start of the year caused by U.S. President Donald Trump’s unpredictable trade policies. Switzerland, the world’s biggest bullion refining and transit hub that processes around …
Swiss surplus hit by gold export swings on Trump tariff fears Read More »
FRANKFURT (Reuters) -The European Central Bank eyes 2029 as a realistic timeline for launching a digital euro, essentially an online payment wallet backed by the central bank, ECB board member Piero Cipollone said on Tuesday. Cipollone said the European Parliament, the European Council and the executive European Commission may have their respective positions ready by …
ECB’s Cipollone eyes 2029 for digital euro launch Read More »
By Alexander Hübner and Linda Pasquini MUNICH (Reuters) -German automotive and industrial supplier Norma will sell its water management business to U.S. rival Advanced Drainage Systems in a deal valued at $1 billion, the companies said on Tuesday. As a result of the deal, Norma is set to lose roughly a quarter of its forecast …
Germany’s Norma sells water management business to US company for $1 billion Read More »
LONDON (Reuters) -Britain will ease the routes to bring high-skilled workers into the country, Finance Minister Rachel Reeves said on Tuesday, contrasting the UK as a place open for business with U.S. President Donald Trump’s decision to hike fees for visas. Trump on Friday announced a steep hike in the cost of the H1-B visa …
UK to ease path to ‘bring talent’ after Trump visa move, Reeves says Read More »
By Tommy Reggiori Wilkes LONDON (Reuters) -Britain’s Revolut said on Tuesday it was exploring buying a U.S. bank to accelerate global expansion and preparing to launch consumer credit in its home market, as the digital finance firm seeks to encroach further onto the turf of traditional lenders. The London-based company has emerged as the most …
UK’s Revolut weighs buying US bank in push for global expansion Read More »
By Gergely Szakacs BUDAPEST (Reuters) -Hungary’s central bank must maintain tight monetary conditions to curb inflation it now sees higher in the 2026 election year partly due to government measures fuelling consumption, it said on Tuesday after leaving its main rate unchanged. Earlier the bank left its base rate on hold at the European Union’s …
Hungary keeps EU’s highest base rate steady as inflation risks loom Read More »
BERLIN (Reuters) -German automotive supplier Kiekert has applied for insolvency, according to a court document seen by Reuters on Tuesday. Two core businesses – Kiekert AG and Kiekert Holding GmbH – have initiated insolvency proceedings and Joachim Exner has been appointed as administrator on an interim basis, the document showed. Kiekert, which specialises in locking …
German auto supplier Kiekert applies for insolvency, court document shows Read More »
By Stephen Nellis SAN FRANCISCO (Reuters) -Nvidia’s move to invest up to $100 billion into OpenAI at the same time it plans to supply millions of its market-leading artificial intelligence chips to the ChatGPT creator has little precedent in the tech industry. Under the deal, Nvidia will be taking a financial stake in one of its …
Analysis-More questions than answers in Nvidia’s $100 billion OpenAI deal Read More »
