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SEOUL (Reuters) -South Korea is close to signing a deal worth around $6 billion to supply 180 K2 tanks for Poland, Yonhap News Agency reported on Tuesday. Under the contract, South Korea’s Hyundai Rotem, which specialises in industrial and defence contracts, will manufacture 117 tanks, and Poland state-owned Polish Armaments Group will produce the rest …

South Korea close to $6 billion tank deal with Poland in June, Yonhap reports Read More »

LONDON (Reuters) -Britain will invest over six billion pounds ($8.13 billion) in its submarine building capacity, supporting firms like defence group BAE Systems and engineering multinational Rolls-Royce, finance minister Rachel Reeves is set to announce on Tuesday. Responding to U.S. President Donald Trump’s insistence that Europe take more responsibility for its own security, Prime Minister …

UK to spend more than $8 billion on submarine-building capacity Read More »

By Suban Abdulla LONDON (Reuters) -British consumer spending lost momentum in May after a bounce the month before, as households’ confidence in their personal finances and capacity to spend fell, surveys of retailers and consumers showed on Tuesday. The British Retail Consortium said spending in shops rose by just 1% last month, the smallest rise …

UK shoppers slow spending after April bounce, surveys show Read More »

By Sarah Young LONDON (Reuters) -Thames Water’s bondholders have offered to inject 5 billion pounds ($6.8 billion) in new equity and debt and write off some existing borrowing to rescue the utility, but in return they have demanded looser pollution targets and clemency on fines. The senior creditors, who hold 13 billion pounds of the …

Thames Water bondholders demand leniency on pollution as a rescue condition Read More »

(Reuters) -Global advertising revenue is expected to grow 6% this year, WPP Media said on Monday, lowering its earlier target of 7.7% due to uncertainty over U.S. trade policies. Advertisers are appearing to delay making new commitments to their marketing plans because of the shifting policies, according to a report by the media investment arm …

WPP Media cuts 2025 global advertising revenue growth forecast to 6% on trade concerns Read More »

By Maria Martinez BERLIN (Reuters) -The economic and political sentiment among consumers in Germany is increasingly worsening, a European survey by Boston Consulting Group (BCG) showed on Tuesday. The study shows that 62% of Germans view the economic situation negatively, marking an increase of 10 percentage points from the previous year. Similarly, two-thirds express dissatisfaction …

German consumers’ pessimism rises amid economic, political concerns, survey shows Read More »

VIENNA (Reuters) -The current pause in European Central Bank rate cuts could be long-lasting unless economic data worsens, in which case there could be further rate cuts this year, policymaker Robert Holzmann told Austrian broadcaster ORF on Monday. “It could be that the pause lasts a while,” he said when asked if there would be …

Pause in ECB rate cuts could last a while, policymaker Holzmann tells Austrian TV Read More »