Reuters UK Business

By Jun Yuan Yong SINGAPORE (Reuters) -The European defence market needs to align requirements and demand in order to create scale as it attempts to boost capability, the CEO of Swedish defence group Saab said. “The important thing is that you cannot have every country, sort of tailoring the requirements to different sorts of versions, then …

Saab CEO sees Europe streamlining defence demands amid spending push Read More »

By David Milliken LONDON (Reuters) -British finance minister Rachel Reeves’ key decision in next week’s multi-year spending review will be how much to spend on healthcare versus other public services, the Institute for Fiscal Studies think tank said on Sunday. Reeves is due to set out day-to-day spending limits for other government departments on June …

UK faces choice next week between health and other spending, IFS think tank warns Read More »

By Enrico Sciacovelli ROME (Reuters) -Europe’s largest film studio Cinecitta is aiming to re-launch Italy as a movie powerhouse, even as U.S. President Donald Trump’s proposed tariffs on foreign productions cast a shadow over the film industry globally. Cinecitta, the homonymous company that manages Rome’s historic film studio, approved a five-year plan this week backed …

Rome’s ‘Hollywood on the Tiber’ plans comeback despite Trump tariff threat Read More »

STOCKHOLM (Reuters) – If Anna Anerfalt gets a license to sell gin, whiskey and schnapps to visitors at her family’s distillery near Norrtalje in Sweden, the first thing she will have to do is warn them of the dangers of alcohol. From June 1, small-scale breweries, vineyards and distilleries will be able to sell direct …

Sweden eases alcohol monopoly one bottle at a time Read More »

(Reuters) -Credit ratings agency Moody’s affirmed Ukraine’s ‘Ca’ rating on Friday, citing the long-lasting impact of the war with Russia on its economy and finances, as well as uncertainties over peace negotiations with Moscow. “Growth prospects remain subdued as challenging security conditions, labour shortages and attacks on energy infrastructure continue,” Moody’s said, maintaining its outlook …

Moody’s maintains ‘Ca’ rating on Ukraine as effects of war continue Read More »

By Jaiveer Shekhawat and Saeed Azhar (Reuters) -HSBC is exiting its business banking portfolio in the United States, as it continued to simplify operations and shift its focus to Asia and Middle East markets. “Following a strategic review of our business, we have decided to exit our Business Banking portfolio in the United States,” it …

HSBC to close its US business banking unit to simplify operations Read More »