ROME, Dec 4 (Reuters) – The defence business of truck-maker Iveco sees an acceleration in its orders in the short term, pushed by the European Union’s Security Action for Europe (SAFE) programme, the head of the unit said on Thursday. “The upcoming launch of the SAFE programme could generate a non-linearity in our order intake …
Iveco’s defence business sees order boost in short term from EU’s SAFE plan Read More »
MILAN, Dec 4 (Reuters) – Italy’s Edison said on Thursday it would start working next year on renewable projects with a combined capacity of over 500 megawatts (MW), investing more than 600 million euros ($700 million) after adding about 200 MW of green capacity this year. The new projects, which include about 300 MW of …
Edison to launch 600 million euro renewable projects in Italy next year Read More »
Dec 4 (Reuters) – Shares of European carmakers jumped between 2.5% and 5% in early Thursday trading after U.S. President Donald Trump proposed slashing fuel economy standards finalised by his predecessor Joe Biden. The Trump administration cast the change, aimed at making it easier for automakers to sell gasoline-powered cars, as a way to lower consumer …
Trump’s U-turn on fuel economy rules lifts European carmakers’ shares Read More »
LONDON, Dec 4 (Reuters) – British businesses expect to reduce staff numbers but raise prices at a similar rate to before, according to a survey of more than 2,000 firms on Thursday by the Bank of England that was conducted before finance minister Rachel Reeves’ annual budget. The Decision Maker Panel conducted between November 7 …
UK firms to cut jobs but raise prices, BoE survey shows Read More »
By Lawrence White LONDON, Dec 4 – HSBC’s appointment of Brendan Nelson as chairman on a permanent basis raises questions about the Asia-focused bank’s succession planning and long-term vision, corporate governance experts, analysts and investors said. Nelson’s elevation from interim chairman after HSBC spent more than a year searching for external candidates is something of …
HSBC’s long-term vision questioned after Nelson appointment Read More »
By Soren Jeppesen COPENHAGEN, Dec 4 (Reuters) – Denmark on Thursday sharply raised its economic growth forecast for 2025, due in part to the pharmaceuticals industry, which is performing well, its economy minister said, despite recent layoffs at drug maker Novo Nordisk. Danish GDP is now seen growing by 2.6% this year, up from a …
Denmark raises growth outlook despite Novo Nordisk woes Read More »
By Simone Lobo Dec 4 (Reuters) – Investment platform AJ Bell on Thursday warned of added costs from Britain’s Individual Savings Accounts (ISA) reforms and said its fiscal 2026 revenue margin would moderate after increased forex dealings this year, sending shares down 7%. Its stock declined on the dim outlook even as the company reported …
AJ Bell warns of moderating revenue margins, added costs from ISA reforms Read More »
LONDON, Dec 4 (Reuters) – British construction activity contracted last month at the fastest pace since May 2020, with steep falls in civil engineering, residential, and commercial building, partly due to uncertainty ahead of the government’s budget, a survey showed on Thursday. S&P Global’s monthly purchasing managers’ index for the construction industry fell to 39.4 …
UK construction output plummets in November, business confidence erodes, PMI shows Read More »
BRUSSELS, Dec 4 (Reuters) – U.S. tech giant Meta is set to face a European Union antitrust investigation into use of artificial intelligence in its chat platform Whatsapp, a source told Reuters. The investigation could come on Thursday, the source said. (Reporting by Foo Yun Chee, Inti Landauro;Editing by Sudip Kar-Gupta)
BERLIN, Dec 4 (Reuters) – Germany’s Chancellor Friedrich Merz has come out in favour of giving Belgium assurance that the risks of a planned use of frozen Russian state assets to support Ukraine would be borne fairly by all European Union countries. In an opinion piece published by German newspaper Frankfurter Allgemeine Zeitung on Wednesday, …
Germany’s Merz wants EU states to share risks of Russian asset plan alongside Belgium Read More »
