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Fashion retailer Zalando loses key EU court battle over online content rules

3 Sep 2025

By Foo Yun Chee BRUSSELS (Reuters) -Fashion retailer Zalando lost a court battle against EU online content rules on Wednesday, boosting EU tech regulators’ efforts to force online platforms to do more to tackle illegal and harmful content on their platforms. Zalando, Europe’s biggest online fashion retailer, sued the European Commission after it was designated …

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Ryanair cuts capacity in Spain after airport fee hike in move operator calls ‘blackmail’

3 Sep 2025

MADRID (Reuters) -Irish airline Ryanair said on Wednesday it was cutting its passenger capacity in Spain for next winter by 1 million seats in response to what it called a “shameless” fee hike announced by the airport operator Aena. Aena’s CEO Maurici Lucena responded by accusing Ryanair of “self-righteousness”, “rudeness”, “blackmail” and greed, as the …

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Sterling edges up off four-week low as traders assess impact of bond selloff

3 Sep 2025

By Joice Alves LONDON (Reuters) -Sterling edged up off a four-week low on Wednesday as traders paused to assess the impact of a two-day bond market rout that has highlighted Britain’s fiscal challenges as the government prepares its annual budget. Long-dated government borrowing costs across the world, including Britain’s 30-year bond yields, touched multiyear highs …

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Dutch fund PFZW reduces BlackRock ties over clash on sustainability

3 Sep 2025

By Bart H. Meijer and Simon Jessop AMSTERDAM (Reuters) -Dutch pension fund PFZW has stopped investing in stock funds managed by BlackRock, in part because of concerns over the U.S. firm’s voting record on sustainability issues, its lead asset manager PGGM said on Wednesday. The move comes amid a wider activist campaign in the Netherlands …

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UK’s Reeves sets November 26 budget date as markets scrutinise British debt

3 Sep 2025

By David Milliken LONDON (Reuters) -British finance minister Rachel Reeves said on Wednesday she would deliver her annual budget on November 26, insisting the economy was not “broken” and that she would keep a grip on spending to help lower inflation and borrowing costs. Britain is facing renewed market concern over its ability to keep …

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Czech government approves buying 44 Leopard 2A8 tanks

3 Sep 2025

PRAGUE (Reuters) -The Czech government on Wednesday gave its approval for army plans to buy Leopard 2A8 tanks from Germany as part of its modernisation efforts, Defence Minister Jana Cernochova said. The NATO member Czech Republic will agree a framework agreement with the German defence ministry for the purchases, Cernochova said. A binding order could …

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UK competition watchdog to probe PHP’s $2.4 billion takeover of Assura

3 Sep 2025

(Reuters) -Britain’s competition regulator said on Wednesday it has initiated a probe into the $2.4 billion purchase of British healthcare real estate investor Assura by rival Primary Health Properties. The Competition and Markets Authority (CMA) said it was considering whether the deal could lead to “substantial lessening of competition within any market or markets in …

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Analysis-UK budget speculation adds to risks for the economy

3 Sep 2025

By William Schomberg LONDON (Reuters) -Britain’s budget rumour mill was already in full swing well before a date was set on Wednesday, with speculation about tax increases posing a further risk to confidence among businesses and households already anxious about inflation and job losses. Media reports have suggested finance minister Rachel Reeves is considering new …

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Finland’s IQM Quantum Computers raises $320 million in new funding round

3 Sep 2025

By Sudip Kar-Gupta BRUSSELS (Reuters) -Finnish-headquartered company IQM Quantum Computers has raised $320 million in a new funding round, the company said on Wednesday, as Europe tries to keep pace with global leaders in the field from the United States. IQM said the funding round had brought in a U.S. investor for the first time, …

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