(Reuters) -London’s main stock indexes closed higher on Thursday as political tensions appeared to ease after finance minister Rachel Reeves said she’s “totally” up for the job, drawing support from Prime Minister Keir Starmer. The blue-chip FTSE 100 was up 0.6%, while the midcap index gained 1.2%. Main FTSE stock indexes had declined on Wednesday …
UK stocks stabilise a day after selloff on fiscal concerns Read More »
By Dave Graham ZURICH (Reuters) -Switzerland is exploring what concessions it can make to secure a deal with Washington on trade, but it must tread carefully to protect its interests with key trading partner, the European Union, politicians and people familiar with the matter said. The Swiss cabinet last month approved its biggest trade policy …
Switzerland seeks trade deal with Trump without getting into EU bind Read More »
(Reuters) -AstraZeneca is in talks with Summit Therapeutics to license an experimental lung-cancer drug under a deal worth as much as $15 billion, Bloomberg News reported on Thursday, citing people familiar with the matter. Shares of Summit Therapeutics surged 9.7% to $25.81 in morning trade. The Menlo Park, California-based drug developer did not immediately respond …
MILAN (Reuters) -International food delivery platform Glovo has suspended a heatwave bonus for its couriers in Italy, it said on Thursday, after criticism from labour unions and politicians. Glovo recently introduced the bonus, worth just a few euro cents per delivery and rising in step with temperatures, to compensate riders working during extreme heat. However, …
Glovo suspends contested heatwave bonus for couriers in Italy Read More »
PARIS (Reuters) -France’s antitrust agency said on Thursday it had fined China-founded fast-fashion retailer Shein 40 million euros ($47.17 million) for alleged deceptive business practices including misleading discounts, following a nearly year-long probe. The agency, in charge of consumer protection as well as competition, said Infinite Style E-Commerce Co Ltd, which handles sales for the …
France fines retailer Shein 40 million euros for misleading discounts Read More »
BERLIN (Reuters) -Reducing fossil fuel subsidies in Germany could help it achieve around a third of its climate targets without relying on additional tools such as carbon pricing, a German research institute said on Thursday. The Mannheim-based Center for European Economic Research (ZEW) also said in a study that about one in three countries could …
Germany could hit third of climate goals by cutting fossil fuel subsidies, study finds Read More »
By Marc Jones LONDON (Reuters) -Europe’s largest asset manager has raised concerns that a boom in dollar-backed stablecoins in the wake of the United States’ GENIUS Act could cause a major shift in money flows that destabilises the global payment system. The U.S. Senate passed the GENIUS Act a bill last month to create a …
Amundi warns US stablecoin policy could destabilise global payments system Read More »
By Elena Fabrichnaya ST PETERSBURG, Russia (Reuters) -The Russian central bank sees no risk of a looming crisis in the country’s banking system as rising bad debts are well covered by banks’ $100 billion in capital, Governor Elvira Nabiullina said on Thursday. The share of bad and restructured loans in Russian banks’ portfolios has been …
Russian central bank sees no risk of looming banking crisis Read More »
By Emma-Victoria Farr, Svea Herbst-Bayliss and Tom Sims FRANKFURT (Reuters) -Deutsche Bank has revamped some leadership roles in its deal-making business, the latest reshuffle at the German lender’s global investment bank as it seeks to meet a series of ambitious targets this year. The bank said last month that its deal-making business had not performed …
Deutsche Bank revamps advisory roles at global investment bank Read More »
(Reuters) -International Distribution Services said on Thursday Royal Mail and the Communication Workers Union (CWU) have agreed on a three-year pay deal. Royal Mail, whose iconic red post boxes with the Royal Crest dot the country, has struggled with labour strikes, competition and loss of market share. CWU, the largest union of the UK’s Royal …
Royal Mail reaches three-year pay deal with workers union Read More »
