FRANKFURT (Reuters) -Montenegro hopes to join the European Union and the euro zone in 2028, Prime Minister Milojko Spajic said on Tuesday, in what would mark some progress in the EU’s stalled eastward expansion. Spajic told reporters the small Balkan nation, whose economy almost doubled in the last five years, was also looking to sell …
Montenegro hopes to join EU and euro in 2028, eyes bond sales Read More »
(Reuters) -German sportswear maker Adidas will become the apparel partner of the Audi Formula One team from next year in a multi-year partnership, Audi announced on Wednesday. Swiss-based Sauber are becoming the factory Audi team in 2026, when Formula One starts a new engine era with major rule changes and an 11th team on the …
Motor racing-Adidas to become official apparel partner of Audi F1 team Read More »
LONDON (Reuters) -Google said on Wednesday it had scrapped data transfer fees for organisations processing workloads “in parallel” across two or more cloud platforms in the European Union and Britain ahead of the EU Data Act coming into effect on Friday. Regulators in the EU and Britain have been trying to increase competition in the …
Google scraps some cloud data transfer fees in EU and UK Read More »
(Reuters) – British homebuilder Vistry on Wednesday said economic uncertainties could continue to weigh on demand after its first-half profit dropped by a third, sending its shares down as much as 8.9%. Persistent inflation has delayed interest rate cuts, leaving Britain’s housing market under continued pressure from affordability concerns as buyers grapple with elevated borrowing …
British homebuilder Vistry warns of challenges after interim profit drop Read More »
STOCKHOLM (Reuters) -Sweden’s government will cut taxes on small businesses as part of a 7 billion crown ($747 million) package in the 2026 budget to help boost jobs and growth, Deputy Prime Minister Ebba Busch said on Wednesday. “Sweden should be a country where it is easy both to start and grow your company,” Busch …
Swedish government announces $747 million package for businesses in election year 2026 Read More »
By Helen Reid LONDON (Reuters) – Zara owner Inditex reported a better start to its autumn sales on Wednesday, an encouraging sign as the world’s biggest listed fast-fashion retailer grapples with the impact of a weak dollar and U.S. tariffs on consumer spending. Sales from August 1 to September 8 grew 9% in currency-adjusted terms …
Zara owner Inditex reports better start to autumn sales, boosting shares Read More »
(Reuters) – ExxonMobil expects the European Union to sign multi-decade U.S. gas contracts under its pledge to buy billions of dollars of American energy, the Financial Times reported on Wednesday. The EU in July pledged to buy $750 billion of U.S. energy by 2028 as part of a sweeping trade pact with Washington. “Long-term contracting …
Exxon expects EU to sign long-term US gas deals, FT reports Read More »
STRASBOURG (Reuters) -The European Union got the best trade deal available with the United States and secured EU businesses an advantage over many foreign rivals, the head of the European Commission said on Wednesday. “We ensured that Europe got the best possible deal out there. We have put our companies at a relative advantage. Because …
EU secured best possible trade deal with US, says EU chief Read More »
By Ilona Wissenbach and Joanna Plucinska FRANKFURT (Reuters) -Lufthansa group is making progress with its turnaround plan, though 2025 and 2026 will be transitional years as it works to stem spiralling costs, Chief Executive Carsten Spohr told reporters in Frankfurt. The airline group issued two profit warnings in 2024 as its core airline struggled with …
Lufthansa making progress with turnaround plan, CEO says Read More »
LONDON (Reuters) -Contactless card payments in Britain could exceed a 100-pound ($135.35) limit under new proposals outlined by the markets regulator on Wednesday. The Financial Conduct Authority (FCA) said it was proposing giving card providers the flexibility to decide the right limit for them and their customers, noting that people could benefit from more convenient …
British regulator proposes scrapping limit on contactless card payments Read More »
