Reuters UK Business

EU has existing tools to reduce pain of steel tariffs, Thyssenkrupp executive says

5 Jun 2025

By Julia Payne BRUSSELS (Reuters) – Europe already has tools to reduce the impact of Trump tariffs and Chinese over-capacity on the EU steel industry, such as stopping Russian imports of the metal, a Thyssenkrupp executive board member said on Thursday. The European Union banned steel imports from Russia after its invasion of Ukraine, with …

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Spain will stick to 2% of GDP defence spending goal, defence minister says

5 Jun 2025

MADRID (Reuters) -Spain stands by its defence spending target of 2% of GDP, Spanish Defence Minister Margarita Robles said on Thursday, as pressure grows from NATO leadership and the United States for the Mediterranean country to increase it. “We think that this 2% is enough to meet the responsibilities we have committed to,” Robles said. …

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English court bars jailed Russian tycoon from appealing in Transneft case

5 Jun 2025

MOSCOW (Reuters) -The English Court of Appeal has refused jailed Russian tycoon Ziyavudin Magomedov permission to appeal against a decision that threw out his $14 billion lawsuit against Russian oil pipeline monopoly Transneft and other firms, the company said. Magomedov sued the company and several others at London’s High Court, alleging his 2018 arrest on …

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Eurozone accession to bring economic growth, Bulgaria PM says

5 Jun 2025

BELGRADE (Reuters) -Bulgaria’s accession to the euro zone as of January next year will bring higher economic growth and higher living standards for the people, Prime Minister Rosen Zhelyazkov said on Thursday.  On Wednesday, the European Commission approved Bulgaria’s request to adopt the euro currency as of January next year.  “The accession to the euro …

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Denmark gets Europe’s Ukraine export guarantee scheme underway

5 Jun 2025

By Marc Jones LONDON (Reuters) -Denmark has become the first country to formally join the European Union’s new 300 million euro Ukraine export credit guarantee facility which supports European companies doing business with Ukrainian counterparts. The deal with Danish export credit agency EIFO is the first of more than a dozen similar agreements expected in …

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Trading platform CMC Markets misses profit expectations, shares drop 18%

5 Jun 2025

(Reuters) -British trading platform CMC Markets’ shares plunged nearly 18% after it reported annual pre-tax profit below market expectations on Thursday, hurt by higher-than-expected costs due to a one-time charge related to a regulatory review in Australia. Adjusted pre-tax profit rose 33% to 84.5 million pounds ($114.64 million) for the year ended March 31, missing …

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UK new car sales recover in May as EV discounts attract buyers, SMMT data shows

5 Jun 2025

(Reuters) -Britain’s new car sales rose from a year earlier in May, marking the second month of recovery in 2025, amid heavy discounting by electric vehicle makers, a report by the Society of Motor Manufacturers and Traders (SMMT) showed on Thursday. Chinese EVs have been rapidly expanding in the European markets by offering deep discounts …

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