Reuters UK Business

By Olena Harmash KYIV (Reuters) -Ukraine’s parliament gave its initial approval on Wednesday to an extra $9.8 billion in budget spending for the army and defence this year as the war against Russia drags on with no end in sight. Parliament passed the budget amendments in the first reading, raising the 2025 budget’s record defence …

Ukraine parliament backs $9.8 billion boost to defence spending as war drags on Read More »

(Reuters) -British spirits maker Diageo said CEO Debra Crew has stepped down after two years in the role and will be replaced by finance chief Nik Jhangiani on an interim basis. (Reporting by Yadarisa Shabong in Bengaluru; Editing by Tasim Zahid)

By Susanna Twidale LONDON (Reuters) -Analysts have kept their forecasts for prices in the European Union’s carbon market roughly steady with the spectre of tariffs from the United States and weak industrial output weighing on expectations. The EU’s Emissions Trading System (ETS) is Europe’s main tool for curbing emissions. It forces manufacturers, power companies and …

Analysts’ EU carbon price forecasts steady as US tariff concerns linger Read More »

By Elena Fabrichnaya MOSCOW (Reuters) -Prolonged high interest rates in Russia may drive mergers and acquisitions of distressed assets, a study by leading law firms showed, though Western-led sanctions and a liquidity shortage among buyers are likely to restrain growth in deals for now. Russia’s M&A market grew by just 2% in 2024 to $39.2 …

High interest rates in Russia could prompt distressed asset M&A surge, study shows Read More »

By Elvira Pollina and Giuseppe Fonte MILAN (Reuters) -Italy wants state-backed Poste Italiane and the state mint to revive talks to buy PagoPA, the Treasury-owned platform that handles digital payments to the public administration, two sources familiar with the matter said. Under a plan drafted last year, Poste – which has expanded beyond its core …

Italy asks Poste, state mint to revive talks over PagoPA deal Read More »

By Giulia Segreti ROME (Reuters) -The only acceptable tariff on European Union exports to the United States would be zero as the bloc is already facing a detrimental exchange rate, the head of Italy’s business lobby said on Wednesday. “The real issue is that, to date, not only do we have to consider the burden …

US tariffs and weak dollar threaten Italian exports, says industry chief Read More »

(Reuters) -Bulgaria has secured a partnership with U.S. bank Citi to finance the construction of nuclear power units at Kozloduy NPP, marking the country’s largest energy project in decades, its energy ministry said on Wednesday. Energy Minister Zhecho Stankov held final talks in New York with Citi’s leadership, agreeing on financing for units 7 and …

Bulgaria secures Citi to help finance nuclear expansion at Kozloduy site Read More »