Reuters UK Business

BERLIN (Reuters) -German consumer sentiment is set to edge lower heading into July as households’ increased willingness to save counteracts improving income prospects, a survey indicated on Thursday. The consumer sentiment index, published by GfK market research institute and the Nuremberg Institute for Market Decisions (NIM), fell to -20.3 points from a slightly revised -20.0 …

German consumer sentiment dips in July due to rising savings appetite, finds GfK Read More »

LONDON (Reuters) -Living standards in Britain look set to barely grow over the rest of the decade and poorer households are likely to suffer a drop, in part due to a welfare squeeze, according to a report published by a think tank on Thursday. Median household incomes after taxes, benefits including pensions and housing costs …

UK living standards set to stagnate for rest of 2020s, think tank says Read More »

LONDON (Reuters) -Almost one third of small and medium-sized British employers have made staff redundant or are thinking about job cuts as a direct result of the increase in their social security bills, an industry group said on Thursday. The British Chambers of Commerce said 13% of more than 570 member firms it surveyed had …

UK employers group says tax hike has hit hiring hard Read More »

By Lucy Raitano LONDON (Reuters) -Corporate distress levels in Europe rose to a nine-month high in the three months to the end of May, an index compiled by law firm Weil, Gotshal & Manges shows, driven by an uncertain economic outlook hampered by U.S. trade and geopolitical risks. The Weil European Distress Index (WEDI) uses …

European corporate distress index rises to nine-month high, Weil index shows Read More »

STOCKHOLM (Reuters) -Tech lobbying group CCIA Europe, whose members include Alphabet, Meta and Apple, on Thursday urged European Union to pause implementation of the AI Act, saying a rushed roll-out risks jeopardizing the continent’s AI aspirations. Europe’s landmark AI rules entered into force in June last year with various provisions to be implemented in a …

Tech lobby group urges EU leaders to pause AI Act Read More »