BRUSSELS (Reuters) – The United States and the European Union agreed a joint statement on the framework trade deal struck at the end of July to end months of uncertainty for industries and consumers. Here are the main elements of the statement, produced after weeks of wrangling, spelling out what both sides have agreed to. …
By Jaspreet Kalra August 21(Reuters) -Sterling gained against the dollar on Thursday after a survey showed that British businesses are having their best month in a year due to a rebound in the services sector, while investors also kept their focus on the Fed’s Jackson Hole symposium. Sterling rose 0.2% against the dollar to $1.3483 …
Sterling firms against dollar after strong business activity data Read More »
LONDON (Reuters) -British manufacturers have suffered a fresh setback with orders falling heavily in the three months to August and further weakness expected ahead, according to a survey published on Thursday by the Confederation of British Industry. The CBI’s monthly balance for manufacturing new orders slipped to -33 in August from -30 in July, taking …
UK factories report new downturn and weak outlook, CBI says Read More »
FRANKURT (Reuters) -Austrian Post on Thursday joined other European postal services groups in stopping standard parcel shipments to the United States as U.S. customs services are set to charge duties for low-value packages. The Austrian state-controlled group said in a statement it would no longer take consignments for U.S.-bound standard parcels from next Tuesday. U.S. …
Austrian postal group joins European peers in halting parcel shipments to US Read More »
LONDON (Reuters) -British supermarket group Waitrose said on Thursday its boss James Bailey will quit the business at the end of next month. Bailey has held the managing director role at the upmarket grocer, which is part of the employee-owned John Lewis Partnership, since 2020, steering it through the pandemic and the cost of living …
UK supermarket Waitrose says boss James Bailey to step down Read More »
By Andrew Osborn MOSCOW (Reuters) -A Russian state-backed messenger application called MAX, a rival to WhatsApp that critics say could be used to track users, must be pre-installed on all mobile phones and tablets from next month, the Russian government said on Thursday. The decision to promote MAX comes as Moscow is seeking greater control …
BERLIN (Reuters) -Germany’s DJV journalists’ association appealed on Thursday to investors in ProSiebenSat.1 not to sell their shares to Italian suitor MFE, warning it could impose a “right-wing populist agenda” on the German media company. Owned by the family of late Italian Prime Minister Silvio Berlusconi, MFE is courting ProSieben shareholders to sell over the …
German journalists press Pro7 investors not to sell to Berlusconi’s MFE Read More »
MILAN (Reuters) -Shareholders of merchant bank Mediobanca have rejected the proposal of its chief executive Alberto Nagel to buy Banca Generali, daily la Stampa reported on Thursday, dashing a takeover that would have created Italy’s largest wealth manager. Opposition to the plan was led by the two main investors in Mediobanca, Italy’s billionaire del Vecchio …
Mediobanca shareholders reject Banca Generali bid, la Stampa reports Read More »
OSLO (Reuters) -Norway’s DNO said on Thursday it has restarted oil production at its Tawke and Peshkabir fields in Iraq’s semi-autonomous region of Kurdistan, which were halted last month due to drone strikes in the area. Shares of the company, which also raised its dividend payment on Thursday, surged 11.6% in morning trade. Repeated drone …
Norway’s DNO resumes Kurdistan oilfield output after drone strikes Read More »
(Reuters) -British engineering firm Renishaw forecast annual profit towards the top end of its outlook range helped by measures to cut costs and despite U.S. tariffs, driving the shares up as much as 9% on Thursday. The company expects annual revenue around the middle of the 700 million pounds to 720 million pounds ($941.57 million …
UK’s Renishaw sees annual profit towards top end of outlook range Read More »
