Reuters UK Business

EU sees ‘new impetus’ in US trade talks, businesses worry over uncertainty

26 May 2025

By Philip Blenkinsop and Giulio Piovaccari BRUSSELS (Reuters) -U.S. President Donald Trump’s decision to drop his threat to impose 50% tariffs on European Union imports from next month gave ‘new impetus’ to trade talks, the EU said on Monday, as global stock markets climbed and the euro rallied. Back-tracking on the new tariffs he announced …

EU sees ‘new impetus’ in US trade talks, businesses worry over uncertainty Read More »

Italian luxury brand Stefano Ricci would take half the hit of 10% U.S. tariffs

26 May 2025

MILAN (Reuters) -Stefano Ricci would absorb half of the impact in the case of 10% U.S. duties on European Union imports, its CEO told Reuters, after geopolitical and trade tensions drove revenues at the Italian luxury menswear brand down 3% this year. U.S. President Donald Trump backed away on Sunday from his threat to impose …

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Thyssenkrupp to separate automotive, materials trading units in latest overhaul

26 May 2025

By Tom Käckenhoff DUESSELDORF (Reuters) -Thyssenkrupp is planning to sell minority stakes in its automotive, materials trading and green technologies divisions in the coming years, it said on Monday, in the latest restructuring move by the German conglomerate. The move is aimed at further simplifying the group’s sprawling set-up, which covers submarines, steel and car …

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Sterling touches new 2022 high; Trump EU tariff reversal dents dollar

26 May 2025

LONDON (Reuters) -The pound edged up on Monday to trade around its highest since early 2022, as the dollar came under broad pressure following another abrupt reversal in trade policy by U.S. President Donald Trump that gave investors a fresh dose of uncertainty. On Friday, Trump sent a shiver through global markets by threatening a …

Sterling touches new 2022 high; Trump EU tariff reversal dents dollar Read More »

Swiss president to hold talks in Ireland amid US focus on pharma industry

26 May 2025

ZURICH (Reuters) -Switzerland’s President Karin Keller-Sutter will travel to Ireland for high-level talks this week, her government said on Monday, the first visit by a Swiss president to the country since 2012. Both countries are trying to navigate U.S. policy challenges for their major pharmaceutical industries, after President Donald Trump this month issued an executive …

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Italy’s Enel to raise US green energy capacity with wind farms swap

26 May 2025

MILAN (Reuters) -Italy’s biggest utility Enel has signed a swap deal with U.S. Gulf Pacific Power covering some wind farm assets which will boost its net consolidated green capacity in the United States by 285 megawatts, it said on Monday. WHY IT’S IMPORTANT The deal is part of Enel’s strategy to up its generation capacity …

Italy’s Enel to raise US green energy capacity with wind farms swap Read More »

Rise in Spanish industrial prices slows in April on cheaper energy

26 May 2025

(Reuters) -The rise in Spanish industrial prices calculated over a 12-month period slowed in April on cheaper energy, the National Statistics Institute (INE) said on Monday. The industrial price index rose an annual 1.9% in April, down from a revised 4.6% increase in the 12 months through March, INE said. Industrial prices fell 2.9% in …

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Capgemini and SAP partner with Mistral to deploy AI for sensitive sectors

26 May 2025

(Reuters) -French IT firm Capgemini said on Monday it was partnering with Germany’s SAP to deploy custom Mistral AI solutions for sensitive industries. The collaboration targets industries with stringent data requirements, such as financial services, public sector, aerospace and defence, and energy and utilities. (Reporting by Leo Marchandon in Gdansk, editing by Milla Nissi-Prussak)

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