Reuters UK Business

(Reuters) -Britain’s blue-chip benchmark ended flat on Monday, as losses in consumer staples and healthcare shares offset gains in heavyweight energy shares, with investors’ focus on global trade after U.S. President Donald Trump’s latest tariff threat. The blue-chip FTSE 100 ended flat at 8,774.26 points, sitting less than 1% away from its all-time high seen …

UK’s FTSE 100 closes around flat as staples, healthcare losses eclipse energy gains Read More »

By Tom Käckenhoff and Christoph Steitz DUESSELDORF/FRANKFURT (Reuters) -Salzgitter, Germany’s second-biggest steelmaker, warned on Monday that Washington’s tariff policy was dealing a severe blow to European industry, after the U.S. administration unveiled plans to double steel import levies to 50%. According to Germany’s steel association, the United States accounted for around a fifth, or 4 …

Trump tariffs deal major blow to European steelmakers, Salzgitter CEO warns Read More »

By Foo Yun Chee (Reuters) – Apple has submitted a legal challenge to an EU order to open up its closed ecosystem to rivals such as Meta and Alphabet’s Google, saying the demands are unreasonable and hamper innovation. The European Commission had in March detailed how Apple must comply with the Digital Markets Act, which …

Apple challenges ‘unreasonable’ EU order to open up to rivals Read More »

By Foo Yun Chee BRUSSELS (Reuters) -German online food takeaway company Delivery Hero and its Spanish unit Glovo were fined 329 million euros ($376 million) for taking part in a cartel which included an agreement not to poach each other’s employees, EU regulators said on Monday. The move came after a year-long investigation by the …

Delivery Hero, Glovo hit with $376 million EU antitrust fine Read More »

(Reuters) – Germany’s manufacturing activity fell in May, although the sector saw a third straight monthly increase in output driven by a continued rise in new export orders, according to a survey released on Monday. The headline HCOB Germany Manufacturing Purchasing Managers’ Index (PMI) registered 48.3 in May, slightly down from April’s 48.4. A reading …

German manufacturing sees tentative signs of hope, PMI shows Read More »

BERLIN (Reuters) -Germany’s federal cartel office on Monday expressed concern about Amazon’s use of so-called price control mechanisms, saying in a statement that “this could constitute an abuse under the special provisions for large digital companies.” A spokesperson for Amazon responded by saying that the company did “not agree with the Bundeskartellamt’s assessment in any …

German cartel office criticizes use of price control mechanisms by Amazon Read More »

PARIS (Reuters) -Dior is appointing its menswear designer Jonathan Anderson to also head womenswear designs and haute couture, replacing Maria Grazia Chiuri and widening his role as it seeks to reignite sales, the LVMH-owned label said on Monday. “Jonathan Anderson is one of the greatest creative talents of his generation. Its unique artistic signature will …

Dior appoints Jonathan Anderson as design chief for women’s wear and haute couture Read More »