ZURICH (Reuters) -Shareholders of Swiss insurers Helvetia and its rival Baloise on Friday approved a plan for the two businesses to merge, spokespeople for the companies said. (Reporting by Oliver Hirt)
LONDON (Reuters) – British insurer Legal & General (L&G) will merge two of its investment units as part of efforts to simplify the business and cut costs, the company said on Friday. As part of the shake-up there will be an undisclosed number of job losses in its asset management division. Howie Li, L&G’s London-based …
Legal & General to merge investment units to cut costs Read More »
(Reuters) -European Union antitrust authorities are scrutinizing fees charged by payments processing giants Visa and Mastercard, Bloomberg News reported on Friday. Spokespersons for Visa and Mastercard did not immediately respond to Reuters’ requests for comment. (Reporting by Ateev Bhandari in Bengaluru; Editing by Anil D’Silva)
By Amy-Jo Crowley LONDON (Reuters) -Czech investment group PPF could consider teaming up with MFE-MediaforEurope, the company controlled by Italy’s Berlusconi family, to bid for German broadcaster ProSiebenSat.1, two people close to the matter said. MFE, which runs commercial TV operations in Italy and Spain, made a low-ball cash and share bid for ProSieben in …
Czech group PPF open to teaming up with Berlusconis’ MFE on ProSieben bid, sources say Read More »
By Sergio Goncalves LISBON (Reuters) – Portuguese airline TAP’s first-quarter net loss widened 20% from the same period a year ago as aggressive competition and a pilot strike at its low-cost carrier Portugalia squeezed revenue. The airline on Friday reported a loss of 108 million euros ($122.52 million) between January and March, a period that …
Portugal’s TAP books wider loss as strike, competition bite Read More »
(Reuters) -German Foreign Minister Johann Wadephul on Friday said U.S. President Donald Trump’s threat to raise tariffs on European Union trade helped nobody, and that Berlin would continue to support the EU to negotiate with Washington. Speaking alongside his Indian counterpart Subrahmanyam Jaishankar in Berlin, Wadephul also said Germany hoped the EU would agree a …
German minister: Trump tariffs help nobody, EU will continue talks Read More »
By Jan Strupczewski BRUSSELS (Reuters) – Polish Trade Minister Michal Baranowski played down on Friday the threat of the United States imposing 50% tariffs on European goods from June 1 as a move in the ongoing negotiations, underlining there was time for EU-U.S. talks until early July. Earlier on Friday, President Donald Trump said he …
Polish trade minister plays down 50% U.S. tariff threat, says US-EU trade talks ongoing Read More »
MADRID (Reuters) -The Spanish government is seeking parliamentary approval for a new 21% value added tax on short-term tourism rentals – double the tax paid for hotel rooms – as it seeks to address a housing crisis. The maximum tax rate would apply to all rentals under 30 days and affect around a third of …
Spain considers new 21% VAT on short-tourism rentals, double the hotel rate Read More »
By Alun John LONDON (Reuters) -European stocks tumbled, the euro gave back some gains, and euro zone government bond yields fell sharply on Friday after U.S. President Donald Trump said he is recommending a straight 50% tariff on goods from the European Union starting on June 1. Trump’s remarks in a series of social media …
European stocks tumble, bonds rally after Trump proposes 50% EU tariff Read More »
(Reuters) -British regulator Ofcom said on Friday it would investigate whether there were reasonable grounds for believing that postal company Royal Mail has failed to comply with its service obligations in 2024/25. The investigation comes after Royal Mail said that 76.5% of first class mail arrived within one working day, and 92.2% of second class …
Royal Mail faces UK probe after missing delivery targets Read More »
