Reuters UK Business

MOSCOW (Reuters) -The number of Russian companies planning to expand their headcount has more than halved since the end of last year, while those planning to make job cuts have risen slightly, an employer survey showed on Thursday. Unemployment is at record lows in Russia and there are unfilled vacancies in some sectors after hundreds …

Number of Russian firms planning to hire more staff halves in nine months, survey shows Read More »

FRANKFURT, Sept 11 (Reuters) – Following is the statement from the European Central Bank following its policy meeting. The Governing Council today decided to keep the three key ECB interest rates unchanged. Inflation is currently at around the 2% medium-term target and the Governing Council’s assessment of the inflation outlook is broadly unchanged. The new …

TEXT-Statement from the ECB following policy meeting Read More »

MOSCOW (Reuters) -Russian oil production increased in August to 9.173 million barrels per day, up 50,000 bpd from July, OPEC monthly data showed on Thursday. That was still less than Russia’s August quota of 9.344 million bpd under an OPEC+ agreement. The OPEC figure was in contrast with the International Energy Agency’s assessment, which showed …

Russian oil output rises in August, OPEC data shows Read More »

DUBLIN (Reuters) -Ryanair may not return to Israel when violence related to the Gaza war recedes, Group Chief Executive Michael O’Leary said on Thursday, saying the airline was being “messed around” by airport authorities there. “I think there’s a real possibility that we won’t bother going back to Israel… when the current violence” recedes, O’Leary …

Ryanair says it may not return to Israel Read More »

FRANKFURT (Reuters) -German automotive supplier ZF Friedrichshafen will replace Chief Executive Holger Klein at the end of the month after he decided to step down early by mutual agreement, the company said on Thursday. ZF, which is undergoing a restructuring that includes shedding thousands of jobs in response to the sluggish car industry, said that …

German auto supplier ZF to replace CEO at end of month Read More »

By Maria Martinez BERLIN (Reuters) -A commission of experts tasked with modernising a cap on public borrowing in Europe’s biggest economy met on Thursday for the first time, Germany’s finance ministry said. The government included in its coalition agreement the establishment of an expert commission to develop a proposal for modernising the debt brake, which …

Experts commission starts working on Germany’s debt brake reform Read More »

By Dave Graham ZURICH (Reuters) -Switzerland is proposing that its gold industry builds a refinery in the United States or increases its processing capacity there as part of a plan to reduce U.S. trade tariffs, according to two people familiar with the matter. President Donald Trump on August 7 slapped 39% tariffs on Swiss goods …

Swiss add lustre to Trump trade deal with gold refining plan, sources say Read More »

ROME (Reuters) -Francesco Trapani, the former Bulgari CEO who led the Italian luxury brand for three decades and orchestrated its sale to French conglomerate LVMH, has died at the age of 68, a public relations agency representing him said on Thursday. Trapani “passed away peacefully” on Wednesday at home in Rome, Barabino & Partners said …

Former Bulgari CEO Francesco Trapani dies aged 68 Read More »

(Reuters) -The pound fell against a broadly stronger dollar on Thursday as markets focused on impending key U.S. inflation data and a European Central Bank policy meeting, as well as next week’s Federal Reserve and Bank of England meetings. Sterling was down 0.2% at $1.3505 at around 1000 GMT. The pound was 0.1% lower against …

Sterling slips as traders await US inflation print Read More »