By Duncan Miriri NAIROBI (Reuters) -The European Union will likely miss its target of directing a quarter of aid spent on expanding trade to the least developed countries by 2030, a study by the EU’s auditors showed on Tuesday, a finding the bloc said it would assess. The “Aid for Trade” initiative, launched in 2005 …
EU billions of euros short on ‘aid for trade’ to poorest nations, auditors say Read More »
BERLIN (Reuters) -Germany’s engineering companies expect production to recover only slightly next year from the pummelling that high costs, global uncertainty and a trade war are set to have on this year’s level, according to the VDMA sector lobby on Tuesday. Production will grow by only 1.0% in 2026, said the VDMA, with the caveat …
German engineering production to recover slightly in 2026, says lobby Read More »
By Jonathan Cable LONDON (Reuters) – British first-time home buyers will see affordability improve as prices rise slower than previously thought over the next few years – particularly in London – as uncertainty over government policy counteracts lower borrowing costs, according to a Reuters poll of property analysts. An overwhelming 92% of respondents to an …
UK house prices to rise more slowly than expected, helping first-time buyers Read More »
By Francesca Landini and Valentina Za MILAN (Reuters) -Italiana Petroli’s founding family has signed an agreement to sell the oil refiner to State Oil Company of Azerbaijan (SOCAR), handing over control of one of Italy’s largest petrol station networks, a document showed on Tuesday. In an internal memo to employees, Italiana Petroli President Ugo Brachetti …
SOCAR inks deal to buy oil refiner Italiana Petroli, document shows Read More »
By Pratima Desai LONDON (Reuters) -Mercuria has indicated it plans to take almost 100,000 metric tons of aluminium from London Metal Exchange warehouses, three sources familiar with the matter told Reuters, a move that could reduce the commodity trader’s dominant position. Swiss-based Mercuria has for much of the time since May held more than 90% …
Mercuria plans to take large amounts of aluminium from LME storage, sources say Read More »
ZURICH (Reuters) -UBS is looking at every option to respond to capital requirements proposed by the Swiss government and intends to publish formal comments before the end of the month, CFO Todd Tuckner said on Tuesday. The capital proposals are part of a plan to tighten Swiss banking rules following the 2023 collapse of Credit …
UBS reviewing all options to respond to Swiss capital proposals, CFO says Read More »
By Seher Dareen LONDON (Reuters) – The decline in output from mature global oil and gas fields is accelerating amid greater reliance on shale and deep offshore resources, the International Energy Agency said on Tuesday, meaning companies need to invest more just to keep output flat. The IEA, which advises industrialised countries, is under fire …
Decline in global oil and gas field output accelerating, IEA says Read More »
By Elizabeth Howcroft PARIS (Reuters) -Malta’s financial watchdog is opposed to a push by other countries to give the European Union’s securities regulator more powers to supervise crypto companies, a spokesperson said on Tuesday. On Monday, France, Italy and Austria called for the Paris-based European Securities and Markets Authority (ESMA) to take over supervision of …
Malta’s financial regulator opposes push to centralise EU crypto supervision Read More »
By Steve Holland and Bhargav Acharya LONDON (Reuters) -The United States and Britain plan to announce more than $10 billion in economic deals this week as part of U.S. President Donald Trump’s state visit, senior U.S. officials said on Monday. The two governments are expected to seal a trade agreement with three pillars: a new …
COPENHAGEN (Reuters) -Denmark’s defence minister said on Tuesday the country’s military may buy a fleet of Boeing P-8 submarine-hunting maritime patrol aircraft to help boost the surveillance of the Faroe Islands and Greenland. Denmark could potentially spend an amount corresponding to billions of dollars on an acquisition, Troels Lund Poulsen said, part of the Nordic …
Denmark may buy Boeing aircraft for Arctic surveillance, defence minister says Read More »
