A look at the day ahead in European and global markets from Stella Qiu: It is tariff deadline day and President Donald Trump delivered by slapping fresh levies on imports from dozens of countries, including those that do not have a trade deal yet. Rates were set at 35% for Canada, 25% for India, 20% …
Morning bid: ‘Tariffs – use this version, please’ Read More »
DUBLIN (Reuters) -Ireland’s manufacturing sector maintained strong growth in July, with output levels rising for the seventh successive month despite facing increased input cost pressures, a survey showed on Friday. The AIB Ireland Manufacturing Purchasing Managers’ Index (PMI) fell slightly to 53.2 from June’s near three-year high of 53.7 but was still above the 50.0 …
Irish manufacturing sees robust output growth in July, PMI shows Read More »
LONDON (Reuters) -Britain said the European Union will remove tariffs on key steel products under a quota system from Friday as part of a reset of ties and a recent deal to ease trade barriers. In May, Britain agreed the most significant reset of defence and trade ties with the European Union since Brexit, which …
Britain says EU is removing tariffs on steel under quota Read More »
By Foo Yun Chee BRUSSELS (Reuters) -The European Commission does not think that imposing a network fee on Big Tech companies is a viable solution to the debate over who should fund the rollout of 5G and broadband, a spokesman for the EU executive said on Thursday. The issue pits Deutsche Telekom, Orange, Telefonica and …
Network fee on Big Tech not a viable solution to boost EU digital rollout, EU says Read More »
(Reuters) -Elon Musk’s xAI on Thursday said it will sign a chapter on safety and security from the European Union’s code of practice, which aims to help companies comply with the bloc’s landmark artificial intelligence rules. Signing up to the code, which was drawn up by 13 independent experts, is voluntary, and companies that decline …
Musk’s xAI to sign chapter on safety and security in EU’s AI code of practice Read More »
By Sarah Young LONDON (Reuters) -Britain’s government will consider two competing, multi-billion-pound plans to build a runway to increase capacity at the country’s biggest airport Heathrow that it hopes will kickstart economic growth. Finance minister Rachel Reeves in January gave her backing to Heathrow expansion as she sought to end decades of indecision due to …
Seeking growth, Britain considers rival Heathrow expansion plans Read More »
By Milana Vinn and Amy-Jo Crowley NEW YORK (Reuters) -Blackstone Inc has emerged as the frontrunner to buy energy-focused data provider Enverus for around $6 billion, according to sources familiar with the matter. Reuters reported in May that Hellman & Friedman was looking to sell Texas-based Enverus. Blackstone recently returned to the process after dropping …
Exclusive-Blackstone emerges as frontrunner to buy Enverus, sources say Read More »
By Paul Sandle LONDON (Reuters) -The dominant position of Amazon and Microsoft in cloud computing is harming competition, with their impact exacerbated by technical and commercial barriers to switching, an inquiry group from Britain’s antitrust regulator said. The Competition and Markets Authority (CMA) group said on Thursday the regulator should investigate whether to designate the …
Dominance of Amazon and Microsoft in cloud harming competition, UK says Read More »
PARIS (Reuters) -Incoming Renault CEO Francois Provost will take the helm of the French automaker at a time when it is beginning to show cracks in its recent success, revising down its full year profit forecast earlier this month due to weaker sales volumes. Below are some of the challenges ahead for Provost when he …
What are the main issues facing new Renault CEO Provost? Read More »
MILAN (Reuters) -Italy’s Mediobanca said on Thursday it could bring forward a shareholder vote on its bid for Banca Generali, which it proposed in April to gain size and ward off a hostile takeover offer from Banca Monte dei Paschi di Siena (MPS). Mediobanca, which last month unveiled a plan to return 4.9 billion euros …
Mediobanca may speed up Banca Generali bid vote to fend off MPS Read More »
