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Russia’s flagship economic forum offers scant hope of foreign investment revival

19 Jun 2025

ST PETERSBURG, Russia (Reuters) -Foreign direct investment into Russia has fallen sharply, U.N. data published on Thursday showed, and Russia’s premier economic forum in St Petersburg this week is offering scant hope of a revival, with Western investors largely absent. Russia is hosting the St Petersburg International Economic Forum for the fourth time since invading …

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BoE’s Bailey says gradual rate cut view is not a prediction for August

19 Jun 2025

LONDON (Reuters) -The Bank of England’s expectation that interest rates will move gradually downwards is not a prediction for its next policy decision in August, Governor Andrew Bailey said on Thursday. “I expect that the path of interest rates will continue to be gradually downwards. Now I’m not giving you a prediction on August by …

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Explainer-BBVA’s battle for Sabadell faces Spanish government decision

19 Jun 2025

By Jesús Aguado MADRID (Reuters) -The Spanish government is set to decide next week on whether to impose additional conditions on BBVA’s 14 billion euro($16.23 billion) hostile bid for smaller rival Sabadell before giving it its approval. Madrid, which has opposed the deal since it was announced in April last year because of fears over …

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German firms to submit separate EU bids for AI data centre, newspaper reports

19 Jun 2025

BERLIN (Reuters) -Deutsche Telekom, Ionos and the Schwarz Group’s IT subsidiary will submit separate expressions of interest to the EU for an AI data processing centre after they could not agree on a common concept, Germany’s Tagesspiegel newspaper reported on Thursday. The European Commission this year unveiled plans to provide $20 billion in funding to …

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UK supermarket Morrisons’ sales growth picks up after cyberattack disruption

19 Jun 2025

By James Davey LONDON (Reuters) -British supermarket group Morrisons said sales growth improved in its second quarter after trading was dented in the previous quarter by the impact of a cyberattack at its technology provider. The UK’s fifth largest grocer, which has been owned by U.S. private equity firm Clayton, Dubilier & Rice since 2021, …

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Soccer-Juventus extend Adidas partnership to 2037 in $468 million deal

19 Jun 2025

ROME (Reuters) -Juventus have extended their technical partnership with German sportswear giant Adidas until June 2037, in a deal worth 408 million euros ($468 million) over a decade, the Serie A club said in a statement. The current agreement between the two parties, which runs until June 2027, will remain unchanged, the Italian club said. …

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Swiss National Bank flags economic uncertainty, supports Swiss capital proposals

19 Jun 2025

By Ariane Luthi ZURICH (Reuters) -The Swiss National Bank on Thursday warned the economic outlook is highly uncertain due to trade and geopolitical tensions, and said Swiss regulatory weaknesses should be addressed to make the nation’s top bank UBS more resilient. “Several risk factors could amplify the impact of potential negative shocks on global economic …

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Hays shares dive as permanent hiring falters amid fewer new job openings

19 Jun 2025

By Raechel Thankam Job and Pushkala Aripaka (Reuters) -Recruiter Hays warned on Thursday that a reduction in new job openings recently and ongoing delays in hiring decisions would lead to a bigger-than-expected drop in profit for the year, knocking down its shares and those of European rivals. Hays said its profit for the year through …

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Political feuding could harm Poland’s investment appeal, business leader says

19 Jun 2025

By Karol Badohal and Gergely Szakacs WARSAW (Reuters) -Poland’s appeal to foreign investors could suffer if a power struggle between its liberal government and newly elected conservative president deepens in the next years, the leader of a leading employers’ group, Lewiatan, told Reuters. Eurosceptic historian Karol Nawrocki, backed by right-wing opposition parties, defeated government candidate …

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Global investment decline may worsen due to tariffs, UN trade agency warns

19 Jun 2025

By Olivia Le Poidevin GENEVA (Reuters) -Global foreign direct investment fell for the second consecutive year in 2024, with fears this year could be even worse as trade tensions rock investor confidence, the United Nations agency for trade and development said in a report published on Thursday. Foreign Direct Investment transactions, which do not include …

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