Reuters UK Business

Euro zone business activity expands at fastest pace in 30 months in November, PMI shows

3 Dec 2025

Dec 3 (Reuters) – Business activity in the euro zone expanded at its fastest pace in two-and-a-half years in November as a robust service sector more than offset manufacturing weakness, a survey showed on Wednesday. HCOB’s Eurozone Composite Purchasing Managers’ Index (PMI), compiled by S&P Global and seen as a good gauge of overall economic …

Euro zone business activity expands at fastest pace in 30 months in November, PMI shows Read More »

ECB says EU use of Russian assets for Ukraine loans is a stretch

3 Dec 2025

FRANKFURT, Dec 3 (Reuters) – The European Commission’s proposal to use Russian central bank assets to extend reparations loans to Ukraine is a stretch from a legal and financial point of view, European Central Bank President Christine Lagarde said on Wednesday. The European Commission presented EU member states with two options to give Ukraine 90 …

ECB says EU use of Russian assets for Ukraine loans is a stretch Read More »

Tod’s granted delay to ad ban ruling after it pledges tougher supply-chain checks

3 Dec 2025

By Emilio Parodi MILAN, Dec 3 (Reuters) – An Italian judge has granted a request by Tod’s to postpone a hearing on whether its advertising should be banned for six months due to concerns over alleged labour abuses by subcontractors, after the luxury shoemaker pledged to strengthen checks on its supply chain. The hearing, originally …

Tod’s granted delay to ad ban ruling after it pledges tougher supply-chain checks Read More »

Russian central bank expected to cut key rate by 50 bps to 16% at December meeting

3 Dec 2025

By Elena Fabrichnaya and Gleb Bryanski MOSCOW, Dec 3 (Reuters) – The Russian central bank is seen cutting its key interest rate by 50 basis points at a meeting on December 19 as inflation is slowing faster than expected, a Reuters poll of 15 analysts showed on Wednesday.  Analysts also cut their full-year inflation estimates …

Russian central bank expected to cut key rate by 50 bps to 16% at December meeting Read More »

Ukraine’s Parliament approves 2026 budget, focuses on defence

3 Dec 2025

By Olena Harmash KYIV, Dec 3 (Reuters) – Ukraine’s Parliament approved the 2026 budget on Wednesday, planning to allocate nearly a third of the country’s gross domestic product to defence as the war with Russia rages on. Ukraine has been rocked by a political crisis following an investigation into corruption in the energy sector. The …

Ukraine’s Parliament approves 2026 budget, focuses on defence Read More »

Siemens CEO Busch’s annual compensation rises by nearly a third

3 Dec 2025

ZURICH, Dec 3 (Reuters) – Siemens CEO Roland Busch has joined the ranks of top earners in Germany’s DAX blue-chip index in the past fiscal year, after his total compensation rose 32% to 12.33 million euros ($14.38 million), according to the company’s annual report published on Wednesday. The compensation for fiscal 2024/25, which ended in …

Siemens CEO Busch’s annual compensation rises by nearly a third Read More »

Nebius leverages Microsoft, Meta contracts for AI expansion 

3 Dec 2025

By Toby Sterling and Lucy Raitano AMSTERDAM/LONDON, Dec 3 (Reuters) – Netherlands-based data centre operator Nebius will leverage recent multi-billion dollar contracts with Microsoft and Meta to build its business with traditional firms and emerging AI companies that could be future tech titans, its co-founder said. A $17 billion deal with Microsoft in September and another …

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ECB’s Lane flags ‘upside surprises’ to euro zone inflation

3 Dec 2025

FRANKFURT, Dec 3 (Reuters) – Euro zone inflation has delivered some “upside surprises” recently, raising some questions about the European Central Bank’s expectations for a dip early next year, the ECB’s chief economist Philip Lane said on Wednesday. Inflation in the 20 nations sharing the euro has been hovering around the ECB’s 2% target for …

ECB’s Lane flags ‘upside surprises’ to euro zone inflation Read More »

EU agrees to end Russian gas imports by late 2027; Hungary, Slovakia oppose

3 Dec 2025

By Philip Blenkinsop and America Hernandez BRUSSELS, Dec 3 (Reuters) – The European Union agreed on Wednesday to phase out Russian gas imports by late 2027 as part of an effort to end the bloc’s decades-long dependency on Russian energy, though legal challenges from its members already loom. Representatives for EU governments and the European …

EU agrees to end Russian gas imports by late 2027; Hungary, Slovakia oppose Read More »

World Bank warns developing world ‘not out of danger’ as debt costs hit record

3 Dec 2025

By Libby George LONDON, Dec 3 (Reuters) – The gap between developing nations’ debt servicing costs and new financing hit a more than 50-year high of $741 billion between 2022 and 2024, the World Bank said on Wednesday, urging countries to use the more relaxed global financing conditions to bring their houses in order.  In …

World Bank warns developing world ‘not out of danger’ as debt costs hit record Read More »

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