BERLIN (Reuters) -The agreement between the United States and European Union on tariffs serves only as a burden to companies due to its lack of clarity, according to a poll of German businesses calling for tougher action from Brussels. The German Chambers of Industry and Commerce (DIHK) said on Wednesday that its poll of firms …
German firms want tough action from EU in U.S. tariff talks, DIHK says Read More »
LONDON (Reuters) -British producer output price inflation rose to a two-year high of 1.9% in June, up from 1.3% in May, according to preliminary official data which adds to signs of inflationary pressures facing the British economy. Britain’s Office for National Statistics suspended the publication of PPI data in March after discovering calculation errors dating …
UK producer price inflation rises to two-year high in June Read More »
(Reuters) -Lawyers for Elon Musk have asked a U.S. judge to block ChatGPT-owner OpenAI from obtaining documents from Meta Platforms related to a previous $97.4 billion bid for OpenAI’s assets, a court filing showed. OpenAI said last week Musk had tried to enlist his rival Mark Zuckerberg in his bid for the AI company earlier …
Musk’s lawyers try to stop OpenAI obtaining bid documents from Meta, filing shows Read More »
BERLIN (Reuters) -Unit labour costs in German industry were 22% higher last year than the average of 27 industrialized countries examined by the Germany Economic Institute IW in a report seen by Reuters on Wednesday. Unit labour costs in Germany were 15% higher than in the euro zone average in 2024, the study showed. Only …
German labour costs higher than in other industrialised countries, study shows Read More »
By Marleen Kaesebier (Reuters) -Aroundtown, one of Germany’s largest listed landlords, posted a half year profit, benefiting from a recovery in German commercial and residential property prices after years of declines. The company reported a first half profit of 578 million euros ($677 million) having made a 330 million euro loss in the same period …
Landlord Aroundtown continues recovery, posts H1 profit Read More »
(Reuters) -Britain’s Hochschild Mining slashed full-year production forecast for its Mara Rosa mine by more than half on Wednesday, months after a shutdown due to lacklustre gold output, sending shares down nearly 20%. The gold mine – Hochschild’s first operation in Brazil – has faced contractor and weather-related disruptions, leading to production delays and reduced …
By Susanna Twidale LONDON (Reuters) -Millions of British households already grappling with strained budgets will see higher energy bills from October after regulator Ofgem increased its price cap by 2%, even as the government has been seeking to drive down energy costs. The price hike by the regulator, a non-ministerial government department, comes after inflation …
Millions of Britons face higher energy bills as price cap rises 2% Read More »
By James Davey LONDON (Reuters) -JD Sports Fashion reported a steeper decline in second quarter underlying sales, reflecting weakness in the UK, though there were signs of stabilisation in its key U.S. market after a sharp decline in the previous quarter. The sportswear retailer, which makes nearly 40% of its revenue in the United States …
JD Sports’ quarterly sales fall on weak UK but US shows improvement Read More »
By Mateusz Rabiega (Reuters) -Belgian insurer Ageas raised its annual core profit forecast on Wednesday to as much as 1.35 billion euros ($1.58 billion), as benign weather and low tax impact in China helped it surpass market expectations. The group, which previously targeted 1.3 billion euros of net operating profit in 2025, ended the first …
Belgian insurer Ageas hikes outlook as one-offs boosted H1 beat Read More »
(Reuters) -British sportswear and fashion retailer Frasers said on Wednesday it had entered the leisure activity market with the acquisition of a minority stake in We Do Play, the operator of gaming and socialising venues Activate and Rumble Rooms. Frasers, owned by British retail tycoon Mike Ashley, did not disclose the size of its investment, but …
Mike Ashley’s Frasers taps UK leisure market with We Do Play stake Read More »
