COPENHAGEN (Reuters) -Maersk estimates companies pay effective U.S. import tariffs of on average 21% relative to container load, the Danish shipping group said on Wednesday, less than half the rate before Washington paused its sweeping tariffs in April. Maersk said in a regular global market update that at its peak, shortly after April 2 when President …
Maersk estimates effective US tariffs average 21% currently Read More »
By Conor Humphries DUBLIN (Reuters) -U.S. Trade Representative Jamieson Greer made clear in a meeting with Irish Trade Minster Simon Harris last month that Washington was open to “creative solutions” on pharmaceutical trade between the U.S. and European Union, Harris said on Wednesday. “He made it clear that he was open to creative solutions when …
US open to ‘creative solutions’ on pharma trade with EU, Irish minister says Read More »
MADRID (Reuters) -The potential sale of Sabadell’s British unit TSB to Santander could further complicate BBVA’s hostile takeover bid for the lender, Sabadell CEO Cesar Gonzalez-Bueno told analysts on Wednesday. The decision to dispose of TSB offers Sabadell a potential defensive play as it seeks to stop BBVA’s takeover approach, aimed at creating Spain’s second-biggest …
Sabadell’s CEO says sale of TSB would complicate BBVA’s bid for lender Read More »
By Suban Abdulla and Andy Bruce LONDON (Reuters) -Bank of England policymaker Alan Taylor said on Wednesday that a soft landing for Britain’s economy is now at risk and that economic data had recently argued for five interest rate cuts in 2025 rather than four. “Previously, I had seen a UK soft landing in the …
BoE’s Taylor warns soft landing for UK economy at risk, sees more rate cuts Read More »
(Reuters) -Nvidia reclaimed the top spot among the most valued companies worldwide in June, as its shares were supported by renewed optimism over its leadership in artificial intelligence and expectations of surging demand for its AI chips. The chipmaker’s market value stood at $3.86 trillion at the end of June, about 4.3% higher than Microsoft …
Nvidia reclaimed market value pole position in June Read More »
SINTRA, Portugal (Reuters) -The European Central Bank should keep its deposit rate at the current 2% level unless new shocks materially change the inflation outlook, Alfred Kammer, head of the IMF’s European Department, said on Wednesday. The ECB has cut rates by two percentage points since June 2024 but signalled a pause for this month, …
ECB should keep rates at 2% unless new shocks hit, IMF says Read More »
BERLIN (Reuters) -Germany’s cabinet on Wednesday gave its backing to a deal with the Netherlands to support gas extraction from a cross-border reservoir in the North Sea, the economy ministry said, as Berlin seeks to boost domestic gas production. Following the turmoil of the Ukraine war and Germany’s decision to halt Russian imports, the government …
Germany backs cross-border gas agreement with Netherlands Read More »
(Corrects to say delayed customer decisions, not ‘delayed customer payments’, in paragraph 1) (Reuters) -Shares of UK’s Bytes Technology plunged over 27% on Wednesday after the IT firm said its operating profit for the first half of fiscal 2026 would be marginally lower due to delayed customer decisions and longer-than-expected readjustments from internal restructuring. Trading …
UK’s Bytes Tech plunges 27% after profit warning Read More »
By Andy Bruce MANCHESTER, England (Reuters) -Prime Minister Keir Starmer’s U-turns to pass welfare reforms mean they will no longer save taxpayers any money and have shredded the margin Britain relies on to meet its fiscal rules, analysts said on Wednesday. Starmer won a vote in parliament on his welfare plans on Tuesday, but only …
U-turns wipe out UK welfare savings and strain budget, analysts warn Read More »
WARSAW (Reuters) -Four companies of the Polish Armaments Group (PGZ) will receive 2.4 billion zlotys ($664.80 million) in financing from the state assets ministry for a project to build three ammunition factories, the ministry said on Wednesday. Poland is leading a European push to boost its defence readiness to deter any possible attack from Russia …
Poland to invest $665 million to boost ammunition output Read More »
