Reuters UK Business

BERLIN (Reuters) -Germany’s antitrust watchdog has approved Lufthansa’s acquisition of a minority stake in Latvia-based carrier airBaltic, it said on Monday. “We had to clear the merger because on the whole, the routes affected constitute so-called minor markets with very low domestic sales volumes,” antitrust agency head Andreas Mundt said in a statement. (Reporting by …

German antitrust watchdog clears Lufthansa stake in airBaltic Read More »

By Amy-Jo Crowley and Andres Gonzalez LONDON/MADRID (Reuters) -Santander is among bidders that submitted a binding offer for Spanish lender Sabadell’s British unit TSB, two sources with knowledge of the matter told Reuters. The offer would value the British bank at more than 2.3 billion pounds ($3.15 billion), one of the people said. Sabadell may …

Exclusive-Santander submits binding bid for Sabadell’s TSB, sources say Read More »

By Sam Tobin LONDON (Reuters) -Britain’s decision to allow the export of F-35 fighter jet components to Israel, despite accepting they could be used in breach of international humanitarian law in Gaza, was lawful, London’s High Court ruled on Monday. Al-Haq, a group based in the Israeli-occupied West Bank, had taken legal action against Britain’s …

UK court rejects Palestinian NGO’s case over F-35 parts to Israel Read More »

By Federico Maccioni and Hadeel Al Sayegh DUBAI (Reuters) -Saudi Arabia’s sovereign wealth fund’s assets exceeded $1 trillion in 2024, but its net profit slumped 60% from a year earlier, it reported on Monday, hurt by high interest rates and inflation as well as impairments on some projects. The Public Investment Fund’s net profit fell …

Saudi wealth fund annual profit tumbles 60% as high rates, inflation bite Read More »

By Pietro Lombardi MADRID (Reuters) -The chair of Spanish electricity grid operator Redeia defended the company after a massive blackout in April and pledged record investment at a tense shareholder meeting on Monday, where she survived an impromptu vote on her removal. Redeia has faced criticism over a massive power outage that left most of …

Spain’s power grid rejects blame for blackout, pledges record investment Read More »

By Francesco Canepa SINTRA, Portugal (Reuters) – The European Central Bank said on Monday it was bracing for five more years of economic upheaval as disruptions from geopolitical rifts to artificial intelligence take their toll, potentially requiring “forceful” action to keep inflation in check. The ECB was updating its five-year strategy after a rollercoaster period …

ECB ready for ‘forceful’ action in world of inflation swings Read More »