By Joice Alves LONDON, Dec 2 (Reuters) – The pound fell against the euro on Tuesday after euro zone inflation cemented the view that the European Central Bank was done easing interest rates while the Bank of England is expected to cut in December. The euro rose 0.1% against the pound to 87.96 pence after …
Sterling eases against euro on central banks differentials Read More »
BERLIN, Dec 2 (Reuters) – German auto supplier Schaeffler has signed a memorandum of understanding with defence technology firm Helsing to cooperate on drone development, the companies said on Tuesday. A Helsing spokesperson said the agreement covers the supply of components for drone systems, a resilient supply chain and scaling up drone production. The MoU …
Auto supplier Schaeffler and Helsing to cooperate on drone development Read More »
Dec 2 (Reuters) – RTX said on Tuesday it has secured a $1.6 billion sustainment contract related to its F135 engines, which power variants of Lockheed Martin’s F-35 fighter jets. The contract includes depot-level maintenance and repair, engineering support, as well as restocking of spare parts for the U.S. and international customers. Pratt & Whitney, …
RTX secures $1.6 billion sustainment contract for F135 engines Read More »
By Tim Hepher BRUSSELS, Dec 2 (Reuters) – Airbus is assessing the impact on year-end deliveries of a fuselage quality issue on some A320 jets after the newly discovered snag led to “weak” November handovers, CEO Guillaume Faury told Reuters as a key annual target hangs in the balance. The problem has brought “another challenge” …
Exclusive-Airbus CEO studying December impact of latest glitch after ‘weak’ November Read More »
PARIS, Dec 2 (Reuters) – France’s ageing population will drive public spending to pandemic-era highs in coming decades while eroding tax income, the public audit office warned on Tuesday. By 2070, nearly one in three French citizens will be over 65, while the working-age population shrinks by more than 3 million, the head of the …
France faces pandemic-level spending to support ageing population, audit office says Read More »
By Max A. Cherney SAN FRANCISCO, Dec 2 (Reuters) – Startup Vinci said on Tuesday it has raised $36 million to finance its business of building software that can speed chip and other hardware design by significantly accelerating the simulation of such devices. The Palo Alto, California-based company’s software is entering a crowded market that …
Software firm Vinci, which speeds up hardware simulation, raises $36 million Read More »
By Lawrence White and Phoebe Seers LONDON, Dec 2 – Britain’s central bank on Tuesday cut the amount of capital it estimates lenders need to hold, making its first reduction to bank capital demands since the global financial crisis in a bid to boost lending and stimulate the economy. The Bank of England said its capital …
Bank of England eases bank capital requirements in bid to boost growth Read More »
By William Schomberg and Andy Bruce LONDON, Dec 2 (Reuters) – British finance minister Rachel Reeves was not misleading in comments she made about the tough budget situation she faced which have been attacked by opposition lawmakers, an official from Britain’s fiscal watchdog said on Tuesday. In a speech on November 4, Reeves appeared to …
UK fiscal watchdog official says Reeves pre-budget speech was not misleading Read More »
ZURICH, Dec 2 (Reuters) – Switzerland may need to get used to U.S. tariffs, a top Swiss trade negotiator was quoted as saying on Tuesday after the country reached a tariff deal to get parity with the European Union. In August, U.S. President Donald Trump imposed a 39% tariff on Switzerland, the highest on any …
Swiss may need to get used to U.S. tariffs, official says Read More »
BRUSSELS, Dec 2 (Reuters) – Europe’s aerospace and defence industries grew sharply in 2024, with turnover up 10.1% to 325.7 billion euros ($378.04 billion) and direct employment hitting a record 1.1 million, Camille Grand, secretary general of industry group ASD said on Tuesday. Defence led the surge with turnover up 13.8% to 183.4 billion euros, …
