(Reuters) -Sweden’s Volvo Cars said on Wednesday it would start producing its XC60 mid-size SUV in its plant in South Carolina, United States from late 2026. The shift highlights the automaker’s exposure to U.S. President Donald Trump’s auto tariffs, as it imports most of its hybrid and electric models from Europe. XC60’s sales in the …
Volvo Cars to start mid-size SUV production at US plant next year Read More »
MUNICH (Reuters) -German packaging and medical equipment maker Gerresheimer has ended discussions on a potential sale of the company after months of talks since the start of 2025, it said on Wednesday evening. In February the Duesseldorf-based company had said it was in early discussions with private equity investors over a potential sale, with KPS …
Gerresheimer calls a halt to discussions on potential takeover Read More »
(Reuters) -UK-based global cybersecurity specialist NCC Group said on Wednesday it is in the early stages of reviewing strategic options for its cyber business, if the sale of its Escode unit goes ahead. The review is at a very early stage and could lead to a range of outcomes, including a potential sale of the …
BRUSSELS (Reuters) -Following are some reactions to the European Commission’s proposal on Wednesday for a 2 trillion euro ($2.31 trillion) EU budget for 2028-2034. The proposal places a new emphasis on economic competitiveness and defence while aiming to reform the rules around farm and economic development subsidies. An agreement on the new EU budget requires …
Reactions to the European Commission’s new EU budget proposal Read More »
By Lefteris Papadimas NAOUSSA (Reuters) -July is harvest time in Greece’s northern peach orchards, where pickers mount wooden ladders and carefully place the fruit in crates ready for factories that peel, slice and can them, often for consumers in the United States. But this year, the harvest is filled with uncertainty after U.S. President Donald …
Trump tariffs send chill through Greek peach harvest Read More »
By Francesco Canepa FRANKFURT (Reuters) -The French government thinks the country has too many days off for its own good, but its proposal to cull some public holidays may not produce much of an economic benefit. Prime Minister Francois Bayrou has proposed scrapping two of the country’s 11 public holidays as part of a deeply …
Analysis-France’s plan to cull public holidays may not help the economy Read More »
LONDON (Reuters) -Bank of England interest rate-setter Catherine Mann said on Wednesday that strong demand without corresponding supply-side growth risks creating a “sugar high” for the economy that could end poorly. “When I think about growth as a central banker, what I want to see is supply side growth, and the demand will come along …
BoE’s Mann warns demand surge without supply growth risks inflation setback Read More »
MADRID (Reuters) -Spanish beauty company Puig, known for its perfume brands Rabanne, Carolina Herrera and Jean Paul Gaultier, said on Wednesday its quarterly sales excluding currency fluctuations rose 8% from a year ago, in line with the growth it expects for the full year. Puig reported 1.09 billion euros ($1.27 billion) in sales during the …
Beauty firm Puig’s quarterly sales rise a steady 8% Read More »
By Sanchayaita Roy, Sukriti Gupta and Twesha Dikshit (Reuters) -European shares fell on Wednesday, with chip stocks hit hard after ASML flagged a hit to its revenue growth, while reports of U.S. President Donald Trump considering firing Federal Reserve Chair Jerome Powell also hit sentiment. The pan-European STOXX 600 index closed 0.6% lower, marking its …
Chip stocks drag European shares lower after ASML’s warning Read More »
(Reuters) -Britain’s financial regulator fined Barclays 42 million pounds ($56 million) on Wednesday for failing to evaluate money laundering risks while providing services to its clients Stunt & Co and WealthTek. The biggest portion of the fine is related to its banking relationship with gold bullion business Stunt & Co, a customer of Fowler Oldfield, …
UK fines Barclays $56 million for lapses in financial crime control Read More »
