BRUSSELS (Reuters) -The European Commission on Tuesday proposed changes to EU rules in order to cut red tape for investments in defence, as the continent seeks to urgently re-arm amid fears of Russia and doubts about the U.S. commitment to Europe’s security. The Commission, the European Union’s executive body, said the proposals aimed to address …
EU Commission proposes reducing red tape for defence industry Read More »
(Reuters) -British equities ended lower in a broad-based selloff on Tuesday, with hostilities between Iran and Israel weighing on market sentiment and focus on a slate of rate decisions from central banks including the Bank of England this week. The blue-chip FTSE 100 index closed 0.4% lower, with more than 70% of its components clocking …
UK stocks fall as Middle East conflict hits risk appetite Read More »
LONDON (Reuters) -Senior creditors bidding to control Britain’s Thames Water are trying to convince regulator Ofwat that their plan is the only way to prevent a state rescue. But opponents have criticised it on both environmental and financial grounds. WHAT IS THE PLAN? Senior creditors, among them Aberdeen, Apollo Global Management and M&G and hedge …
By Yoruk Bahceli and Marc Jones LONDON (Reuters) -The European Central Bank needs to be even more agile with its interest rate policy following the eruption of the Israel-Iran air war, France’s central bank governor Francois Villeroy de Galhau said on Tuesday. Villeroy said the ECB was currently “in a good position” after it cut …
ECB needs to show ‘agile pragmatism’ amid Israel-Iran war, Villeroy says Read More »
PARIS (Reuters) -French Transport Minister Philippe Tabarot has requested that all Citroen C3 and DS3 vehicles subject to a Takata airbag recall be taken off the roads, French media reported on Tuesday, after reports that a woman died after her airbag was triggered. The French government has said that vehicles built between 1998 and 2019 …
France asks for some Citroen cars with faulty airbags to be taken off roads, report says Read More »
(Removes extraneous “in” before “at the markets” and adds “we are” in first part of quote under Key Quotes section) SINGAPORE (Reuters) -Actis, a London-based global infrastructure investor, sees growing intra-trade among growth markets and increased investor interest in sustainable infrastructure projects, as global capital reallocates from some overexposure in developed markets such as in …
Actis sees growing investor interest in sustainable infrastructure in emerging regions Read More »
LONDON (Reuters) – News of Renault Chief Executive Luca de Meo’s decision to leave the French carmaker and sources saying he is being lined up to take charge at luxury goods group Kering has created a stir across their respective sectors. Here’s some initial reaction from analysts. EQUITA ANALYST PAOLA CARBON “Although he is a …
Instant View: Renault boss De Meo quits, with expected switch to Gucci-owner Kering Read More »
By Foo Yun Chee BRUSSELS (Reuters) -EU antitrust regulators will decide by July 22 whether to clear Universal Music Group’s $775 million acquisition of Downtown Music, according to a European Commission filing on Tuesday. Virgin Music Group, the global independent music unit of Universal, announced the deal in December last year. World number one music …
EU antitrust regulators to rule on Universal, Downtown Music deal by July 22 Read More »
MADRID (Reuters) -Easyjet’s cabin crews based in Spain will go on strike for three days beginning on June 25 to demand higher wages, the USO union said on Tuesday, as the holiday season gets underway. The airline intends to operate normally during those days, a spokesperson said, adding the company would do everything possible to …
Easyjet’s cabin crews in Spain to strike on June 25-27 Read More »
By Nina Chestney LONDON (Reuters) -King Charles III’s Crown Estate, which owns Britain’s seabed, said on Tuesday it will invest up to 400 million pounds ($543 million) in the country’s offshore wind supply chain. The investment is intended to support the construction of new infrastructure, including ports, supply chain manufacturing, and research and testing facilities, …
UK’s Crown Estate to invest up to 400 million stg in offshore wind Read More »
