By David Milliken and Alistair Smout LONDON (Reuters) – British finance minister Rachel Reeves will divvy up more than 2 trillion pounds ($2.7 trillion) of public money between her ministerial colleagues on Wednesday, making choices that will define what the year-old Labour government can achieve in the next four years. Prime Minister Keir Starmer and …
UK government to set out $3 trillion make-or-break spending plan Read More »
By Chuck Mikolajczak NEW YORK (Reuters) -U.S. job growth slowed in May, while the unemployment rate held steady, potentially giving the Federal Reserve a buffer to delay the resumption of interest rate cuts. Nonfarm payrolls increased by 139,000 jobs last month after rising by a downwardly revised 147,000 in April, the Labor Department said on …
US payrolls growth slows in May, unemployment rate steady Read More »
ZURICH (Reuters) -Swiss financial market supervisor FINMA welcomed proposals announced by the government on Friday to give it stronger powers to regulate the financial industry. Among the proposals was a senior managers regime, to hold executives to account for their actions and claw back bonuses in the case of misconduct, as well as giving FINMA …
Swiss bank regulator pleased with plan to hand it stronger powers Read More »
BERLIN (Reuters) -U.S. tariff policy could cost Germany 90,000 jobs within a year, the country’s labour office head told Sueddeutsche Zeitung newspaper in an interview released on Friday. Federal Employment Agency chief Andrea Nahles was citing the Institute for Employment Research (IAB) and other institutes, which conducted research on the effect of a 25% tariff …
US tariff policy could cost Germany 90,000 jobs within a year, says labour office chief Read More »
By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) -European Central Bank policymakers hailed victory over runaway inflation on Friday even as some warned that it was now at risk of going too low, rekindling memories of anaemic price growth in the pre-pandemic decade. The ECB cut interest rates on Thursday for the eighth time in …
ECB policymakers debate risk of inflation going too low Read More »
(Reuters) -Tesla is the worst-performing large-cap stock this year, thanks to declining electric vehicle demand, Chief Executive Elon Musk’s political controversies over his ties to far-right groups, and now, his public feud with President Donald Trump. Tesla shares slumped on Thursday, after Trump on social media threatened to cut off government contracts with Elon Musk’s …
Tesla’s $380 billion wipeout marks biggest 2025 loss among top companies Read More »
By Yadarisa Shabong (Reuters) -Manchester United raised their annual core profit forecast on Friday to levels last seen before the pandemic as the club’s strong performance in the Europa League drove ticket sales and broadcast revenue. Ticket sales jumped more than 50% to 44.5 million pounds in the three months to March as the club …
Manchester United expects annual core profit to return to pre-COVID levels Read More »
By Johann M Cherian (Reuters) -Sterling was on track to finish the week higher on Friday, supported by a UK economy largely resilient in the face of global turbulence, although investors will be monitoring the government’s spending plans. The pound has gained about 0.6% this week, strengthened by data that showed UK services sector activity …
Sterling set to end week higher with spending plans in focus Read More »
By Kate Abnett BRUSSELS (Reuters) – The European Union is open to lowering tariffs on U.S. fertiliser imports as an offer in trade talks with the Trump administration, but will not weaken its food safety standards in pursuit of a deal, EU agriculture commissioner Christophe Hansen told Reuters. “That is definitely an option,” Hansen said, …
EU open to lowering tariffs on US fertilisers in trade talks Read More »
MILAN (Reuters) – Stellantis’ new CEO Antonio Filosa will earn at least $4 million annually in his first two years at the helm, rising to up to $23 million a year from 2028, including bonuses, a document showed, although his remuneration will be lower than predecessor Carlos Tavares. Filosa officially becomes CEO of the owner …
Stellantis’ new CEO Filosa set to earn up to $23 million a year Read More »
