Reuters UK Business Archives - Page 729 of 3179

ECB should consider mildly supportive stance as on low growth, inflation, Wunsch says

2 Jul 2025 2 Jul 2025

By Balazs Koranyi SINTRA, Portugal (Reuters) -Euro zone inflation is at risk of falling short of the ECB’s target and there is a case for the bank to provide a mildly supportive policy stance, Belgian central bank Governor Pierre Wunsch said on Wednesday. The ECB has cut rates by two full percentage points since last …

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Italy could lose 20 billion euros in exports, 118,000 jobs with US tariffs, industry head says

2 Jul 2025 2 Jul 2025

MILAN (Reuters) -Italy risks losing 20 billion euros ($23.6 billion) in exports and 118,000 jobs next year if the U.S. imposes tariffs of 10% on all European products, the head of the main Italian business lobby said on Wednesday. “Italy does not just export luxury products – with a demand that isn’t very sensitive to …

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Russian pipeline gas exports to Europe down 18% m/m in June, data shows

2 Jul 2025 2 Jul 2025

MOSCOW (Reuters) -Russian energy giant Gazprom’s average daily natural gas supplies to Europe via the TurkStream undersea pipeline fell by 18.3% in June from a month earlier amid maintenance of the infrastructure, Reuters calculations showed on Wednesday. Turkey is the only transit route left for Russian gas to Europe after Ukraine chose not to extend …

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Joint European defence borrowing could bolster euro’s global role, ECB’s Rehn says

2 Jul 2025 2 Jul 2025

By Balazs Koranyi SINTRA, Portugal (Reuters) -Europe should pool its defence investments since that would reduce cost, expedite the process and create a new safe financial asset that could bolster the international role of the euro currency, ECB policymaker Olli Rehn said. ECB President Christine Lagarde has argued that erratic U.S. economic policy creates room …

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Italy May unemployment rate jumps to 6.5% but 80,000 jobs created in month

2 Jul 2025 2 Jul 2025

ROME (Reuters) -Italy’s unemployment rate rose sharply to 6.5% in May from an upwardly revised 6.1% in April, national statistics bureau ISTAT reported on Wednesday, but a net 80,000 jobs were created during the month. A Reuters survey of nine analysts had forecast a May jobless rate of 6.0%. April’s rate had been previously reported …

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Spain’s June jobless figure at lowest in 17 years

2 Jul 2025 2 Jul 2025

(Reuters) -The number of people registered as unemployed in Spain fell in June to the lowest figure since May 2008, before the bursting of a real estate bubble led to a deep crisis in the country. According to data from the Labour Ministry released on Wednesday, a total of 2.41 million people were registered as …

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Luxembourg brewer loses fight against EU scrutiny of drink distributor deal

2 Jul 2025 2 Jul 2025

By Foo Yun Chee BRUSSELS (Reuters) -Luxembourg’s largest brewery Brasserie Nationale on Wednesday lost its challenge against EU antitrust scrutiny of its proposed buy of wholesale drinks distributor Boissons Heintz as Europe’s second-highest court sided with EU regulators. The case underscores the growing trend among companies willing to fight EU review of deals that do …

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Santander bolsters presence in UK with acquisition of TSB for $3.64 billion

2 Jul 2025 2 Jul 2025

By Jesús Aguado MADRID (Reuters) -Spain’s Santander on Tuesday said it had reached an agreement to acquire smaller rival Sabadell’s British unit TSB for initially 2.65 billion pounds ($3.64 billion) in an all-cash deal, subject to approval by Sabadell shareholders. Sabadell’s decision to dispose of TSB offers the lender a potential defensive play as it …

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UK’s Topps Tiles posts 10% rise in quarterly sales; shares soar

2 Jul 2025 2 Jul 2025

(Reuters) -British tile retailer Topps Tiles posted a boost in third-quarter adjusted sales on Wednesday, supported by strong demand from builders and contractors and signs of recovery from homeowners, sending its shares 9% higher. The company, which has over 300 stores across the UK and sells its products to homebuilders and homeowners, posted a 10.1% …

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DWS venture gets German finance regulator’s approval for euro stablecoin

2 Jul 2025 2 Jul 2025

FRANKFURT (Reuters) -AllUnity, a joint venture that includes Deutsche Bank’s asset manager DWS, said on Wednesday it had received a license by the German regulator BaFin to issue a euro stablecoin. The plans for the stablecoin have been in the works for more than a year. Stablecoins are digital tokens designed to keep a constant …

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