Reuters UK Business

(This May 28 story has been corrected to say that delivering vehicles and revenue, not the plan, are crucial for Nissan’s comeback, in paragraph 4) By Daniel Leussink and Maki Shiraki TOKYO (Reuters) – Japan’s Nissan has started offering buyouts to U.S. workers and has suspended merit-based wage increases worldwide, internal emails reviewed by Reuters …

Nissan offers buyouts to US workers, halts global pay rises, internal emails show Read More »

By Ananya Mariam Rajesh (Reuters) -Gap said on Thursday that U.S. President Donald Trump’s tariffs would take a bite out of its annual operating income but offered forecasts excluding that hit, sending its shares tumbling 16% after hours. The company expects about $250 million to $300 million in tariff-related costs, but aims to mitigate more …

Gap lists tariff costs but excludes them from forecast, shares dive Read More »

By Jaspreet Singh (Reuters) -Dell raised its annual profit forecast on Thursday, signaling growing demand for its AI-powered servers that are equipped with Nvidia’s powerful chips. Shares of the company, whose servers are used by customers such as Elon Musk’s AI startup xAI and CoreWeave, rose 2% in extended trading. Dell and Super Micro Computer …

Dell raises annual profit forecast on strong AI server demand Read More »

By Sarah Marsh BERLIN (Reuters) -Germany is considering a 10% tax on large online platforms like Alphabet’s Google and Meta’s Facebook, its new minister of state for culture told magazine Stern, in a move likely to heighten trade tensions with the Trump administration. The proposal comes as Chancellor Friedrich Merz is expected to travel to …

Germany weighs 10% tax on online platforms like Google Read More »

By David Milliken LONDON (Reuters) -Bank of England Governor Andrew Bailey said on Thursday that he hoped there would be closer cooperation in future between Britain and regulators in the European Union on financial services and broader trade issues. Earlier this month Britain’s government struck a deal with the EU to improve access for agricultural …

BoE’s Bailey hopes for closer EU ties on trade, financial services Read More »

LONDON (Reuters) -The British public’s expectations for inflation over the year ahead fell in May to 4.0% from 4.2%, a Citi/YouGov survey showed on Thursday. Longer-term inflation expectations, however, remained unchanged at 4.2% for the third straight month, the survey showed. “This should offer some relief after consecutive months of increasing expectations,” Citi analysts said …

UK public’s inflation expectations fall in May, Citi/YouGov survey shows Read More »

By Iain Withers and David Milliken LONDON (Reuters) – Britain’s government wants many pension schemes to merge to become “megafunds” with at least 25 billion pounds ($34 billion) of assets by 2030, it said on Thursday, part of a wider drive to channel more investment into the economy. The government also confirmed it would create …

UK pension schemes told to merge into ‘megafunds’ by 2030 Read More »