NEW YORK (Reuters) -Citigroup may issue its own stablecoin in an effort to facilitate digital payments, the bank’s CEO, Jane Fraser, told analysts on a post-earnings conference call on Tuesday. “We are looking at the issuance of a Citi stablecoin, but probably most importantly is the tokenized deposit space, where we’re very active,” she said. …
Citigroup considers issuing its own stablecoin, CEO says Read More »
WARTON, England (Reuters) -The likelihood of a new country joining the British, Italian and Japanese project to develop a fighter jet is diminishing, said a BAE Systems executive, amid long-held speculation Saudi Arabia could become a fourth partner. “To be part of the core programme today in the same way as Japan, Italy and the …
By Dominique Patton PARIS (Reuters) -Renault named finance chief Duncan Minto as interim CEO on Tuesday, and said it will step up cost cutting measures after lowering its forecast for full year operating margins. The French carmaker said its first half free cash flow would amount to just 47 million euros ($54.49 million), hit by …
Renault lowers 2025 guidance, names finance chief Minto as interim CEO Read More »
(Reuters) -German automaker Volkswagen has resumed deliveries of its ID.Buzz electric minibus to the United States, a company spokesperson said on Tuesday, confirming a report by Focus magazine. The exports were halted due to a technical recall and the issue of tariffs imposed by President Donald Trump’s administration, a Handelsblatt media report had said last …
VW resumes exports of ID.Buzz bus to US, Focus reports Read More »
By Marleen Kaesebier and Javi West Larrañaga (Reuters) -The outlook for European corporate health has deteriorated, the latest earnings forecasts showed on Tuesday, as U.S. President Donald Trump’s most recent tariff statements created further uncertainty for businesses. European companies are expected to report a drop of 0.7%year-on-year in second-quarter earnings, on average, accordingto LSEG I/B/E/S …
European second-quarter corporate profits expected to fall 0.7% Read More »
By Kate Abnett and Jan Lopatka BRUSSELS/PRAGUE (Reuters) -The European Union failed to approve a new package of sanctions against Russia on Tuesday, as Slovakia demanded more guarantees that it would not be harmed by a separate EU plan to phase out Russian gas. The European Commission, the EU’s executive arm, had said in a …
EU fails to win Slovakia’s backing for new Russia sanctions Read More »
By Virginia Furness LONDON (Reuters) -Britain on Tuesday ditched plans to release a “taxonomy” for guiding companies and investors on what is a green investment, the latest sign governments are stalling on sustainability reporting requirements for companies. Taxonomies set out conditions for labelling an activity sustainable to help economies meet net zero targets. They were …
Britain scraps ‘taxonomy’ plan for green investments Read More »
By David Milliken LONDON (Reuters) -The Bank of England could soon announce an end to the sale of most of the long-dated gilts it holds in an effort to soothe the government bond market and reduce taxpayer losses from its quantitative easing programme, a former policymaker said. Michael Saunders, who served on the BoE’s Monetary …
BoE could soon end most long-dated gilt sales, former policymaker says Read More »
By Foo Yun Chee BRUSSELS (Reuters) -Elon Musk’s X social media platform has been hit by complaints by nine civil society organisations to EU and French regulators over what they say is its use of users’ data for targeted advertising that may breach EU tech rules. The organisations – AI Forensics, the Centre for Democracy …
X hit by complaints to EU over user data and targeted advertising Read More »
By Ankita Yadav (Reuters) -The UK’s FTSE 100 retreated from record highs touched earlier in the session on Tuesday as rising U.S. inflation raised concerns about the impact of tariffs, while investors also focused on the Bank of England’s monetary policy path. The blue-chip FTSE 100 dropped 0.7% to 8,938.32, having crossed the 9,000 mark …
FTSE 100 retreats from record high as tariff worries resurface Read More »
