Reuters UK Business

Analysis-For Europe, 30% US tariff would hammer trade, force export model rethink

15 Jul 2025

By Philip Blenkinsop and Francesco Canepa BRUSSELS (Reuters) -The 30% tariff on European goods threatened by U.S. President Donald Trump would, if implemented, be a game-changer for Europe, wiping out whole chunks of transatlantic commerce and forcing a rethink of its export-led economic model. European ministers meeting in Brussels on Monday remained convinced they can …

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Don’t panic: Europe Inc cautions calm as bloc tries to avert 30% US tariffs

15 Jul 2025

By Christoph Steitz, Emma Rumney and Maggie Fick FRANKFURT/LONDON (Reuters) -European firms called on trade negotiators to redouble efforts to strike a deal with Washington after U.S. President Donald Trump threatened a 30% tariff on EU imports from August, though firms were avoiding panic, holding out hope that Trump would back off his threats as …

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Ireland’s Dalata Hotel Group agrees to 1.4 billion euro Scandinavian takeover

15 Jul 2025

(Reuters) -Scandinavian property companies Pandox AB and Eiendomsspar AS have agreed to buy Ireland’s largest hotel group Dalata for 1.4 billion euros ($1.64 billion), the companies said on Tuesday. Dalata, which operates 56 hotels under the four-star Maldron and Clayton brands, mainly in Ireland and the United Kingdom, had rejected an initial bid from Pandox …

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UK’s BAE Systems confident on winning new Typhoon orders

15 Jul 2025

Warton, ENGLAND (Reuters) -British defence company BAE Systems is confident on winning new orders for Typhoon military jets from countries such as Qatar, Saudi Arabia and Turkey, its European air sector boss told reporters on Tuesday. “We’re working with the UK government on a number of those campaigns presently,” Richard Hamilton, Managing Director for Europe …

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Portugal expects large non-EU airlines to also show interest in TAP

15 Jul 2025

By Sergio Goncalves LISBON (Reuters) -Portugal expects the privatisation of flag carrier TAP to attract interest from large airlines both inside the European Union and outside the bloc, given its untapped potential, Prime Minister Luis Montenegro said on Tuesday. Portugal re-launched the long-delayed privatisation of TAP on Thursday, aiming to sell a 44.9% stake to …

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European project Eurosky aims to reduce reliance on US tech giants

15 Jul 2025

(In lead paragraph, removes reference to “government-backed;” in paragraph 7, changes government backing reference to “strong expressions of interest” from four European governments.) By Thomas Escritt BERLIN (Reuters) -A group of European technology entrepreneurs has unveiled the Eurosky initiative, a project to create infrastructure for social media offerings and reduce reliance on U.S. tech giants. …

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ECB to test banks’ resilience to political risk amid war, tariffs

15 Jul 2025

By Francesco Canepa and Jesús Aguado FRANKFURT/MADRID (Reuters) -The European Central Bank will test banks’ resilience to geopolitical turmoil next year, chief ECB supervisor Claudia Buch said on Tuesday, as part of a growing focus on risks, from tariffs to sanctions. The ECB has long warned that geopolitics is one of the biggest risks for …

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Rolls-Royce expands US manufacturing with investment in South Carolina plant

15 Jul 2025

(Reuters) -Britain’s Rolls-Royce said on Tuesday it was expanding U.S. manufacturing with a $75 million investment in its South Carolina engine plant. “The increased investment strengthens our ability to serve our U.S. customers – especially in the fast-growing American data center industry,” Adam Wood, managing director for Rolls-Royce’s Power Systems division in America, said in …

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ECB supervisors focus on risks from tariffs to cyber attacks, central bank sources say

15 Jul 2025

By Francesco Canepa and Jesús Aguado FRANKFURT/MADRID (Reuters) -European Central Bank supervisors are focusing on issues ranging from tariffs to cyber attacks and a possible dollar shortage as they assess potential risks to the region’s banking industry, five senior central bank officials told Reuters. The ECB is looking into these risks amidst a global trade …

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