Reuters UK Business

Volkswagen cuts 2025 guidance after $1.5-billion tariff hit in first half

25 Jul 2025

By Rachel More BERLIN (Reuters) -Volkswagen reported a 1.3-billion-euro ($1.5-billion) first-half hit from tariffs and cut its full-year sales and profit margin forecasts in the German carmaker’s first assessment of the damage from U.S. President Donald Trump’s trade war. Global automakers have booked billions of dollars of losses and some have issued profit warnings due …

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Russian e-commerce firm Ozon says entrepreneur Chachava takes 28% stake

25 Jul 2025

MOSCOW (Reuters) -Russian e-commerce company Ozon said on Friday that businessman Alexander Chachava had acquired a 27.7% stake in the company from Vostok Investments. Chachava, the founder of venture fund LETA Capital, took part last year in one of Russia’s biggest deals since the February 2022 invasion of Ukraine, when he joined a consortium of …

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Euro zone economy holds up even as ECB speakers look to temper market view of no more cuts

25 Jul 2025

(Corrects paragraph 6 to say further rate cuts not hikes) By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) -The euro zone economy has remained resilient to the pervasive uncertainty caused by a global trade war, a slew of data showed on Friday, even as European Central Bank policymakers appeared to temper market bets on no …

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IMF sees risk that UK is knocked off course to fix public finances

25 Jul 2025

LONDON (Reuters) -The International Monetary Fund said Britain’s government risked being knocked off course for meeting its targets to repair the public finances and it urged finance minister Rachel Reeves to give herself more leeway through tax or spending measures. In a final version of an annual report on Britain’s economy, the IMF said changes …

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VW’s Traton slashes 2025 outlook as US uncertainty weighs on demand

25 Jul 2025

By Amir Orusov and Simon Ferdinand Eibach (Reuters) -Volkswagen’s truck unit Traton slashed its full-year guidance late on Thursday, citing global uncertainty and weak U.S. demand due to trade tensions, sending its shares falling 3.2% by 1030 GMT on Friday. Traton now expects unit sales and revenue to decline by up to 10%, compared to …

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Factbox-What’s in the EU’s countermeasures to US tariffs?

25 Jul 2025

By Julia Payne BRUSSELS (Reuters) -The European Union could hit the United States with counter-tariffs on 93 billion euros ($109 billion) worth of U.S. goods if the two sides fail to reach a trade deal by Washington’s August 1 deadline for imposing import levies. The European Commission has prepared two sets of possible counter-tariffs, which …

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Hexagon largely offsets tariff impact, but uncertainty clouds outlook

25 Jul 2025

By Marta Frackowiak (Reuters) -Hexagon’s operating profit fell less than expected after it managed to mitigate most of the negative tariff effects in the second quarter, the Swedish maker of measurement and positioning systems said on Friday. The impact of U.S. tariffs was just over 2 million euros ($2.35 million), said Executive Vice President Norbert …

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