Reuters UK Business Archives - Page 921 of 3179

Germany to get ‘investment booster’ before summer break, finance minister says

20 May 2025 20 May 2025

By Maria Martinez BERLIN (Reuters) -German Finance Minister Lars Klingbeil promised swift measures to boost investment on Tuesday amid global trade uncertainty. “It is right that we will launch an investment booster before the summer break, which can be the right and fastest-acting response to the reluctance to invest,” he said at the Eastern German …

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Romanian leu falls back as central bank keeps rate cut in view

20 May 2025 20 May 2025

WARSAW (Reuters) -The Romanian leu pulled back on Tuesday, halting a post-election rally as the central bank said a rate cut could still come later this year. By 0945 GMT the Romanian leu had dropped 0.9% against the euro to 5.0844, giving back most of the gains it clawed back after Sunday’s surprise presidential election …

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UK’s Petrofac secures court approval for $355 million funding boost

20 May 2025 20 May 2025

(Reuters) -British oilfield services provider Petrofac on Tuesday said it has secured High Court approval for its restructuring plan, unlocking $355 million in funding to significantly reduce its debt. The embattled firm struggled with cost overruns and payment delays for most of last year, leading to multiple profit warnings in the past year. (Reporting by …

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Analysis-With US and EU deals, Britain embarks on high-risk balancing act

20 May 2025 20 May 2025

By Kate Holton, Andrew MacAskill and Alistair Smout LONDON (Reuters) -Britain’s pursuit of trade deals with the European Union and United States, while courting China, has made it a test case for navigating U.S. President Donald Trump’s unpredictable new world order. A historically open nation, reliant on global commerce, Britain has secured several trade accords …

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In surprise move, OMV chief Stern won’t stand for another term

20 May 2025 20 May 2025

By Alexandra Schwarz-Goerlich VIENNA (Reuters) -Austrian oil and gas group OMV Chief Executive Alfred Stern has decided not to stand for re-election after his term ends on August 31, 2026, the company said on Tuesday in a surprise move which investors said was negative. OMV shares were down some 0.5% by 1030 GMT. Most of …

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Telefonica reestablishes service in all of Spain after partial outage

20 May 2025 20 May 2025

MADRID (Reuters) – Telefonica said it had reestablished all services in Spain by early afternoon on Tuesday after disruption to some fixed-phone and internet services for a few hours in parts of the country due to a network update. The outage came three weeks after Spain suffered a catastrophic power blackout on April 28, whose …

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Exclusive-Ray Kurzweil’s humanoid robot startup in talks for $100 million investment

20 May 2025 20 May 2025

By Dawn Chmielewski, Anna Tong (Reuters) -A humanoid robotics startup co-founded by prominent artificial-intelligence futurist Ray Kurzweil said on Tuesday that venture capital firm Gauntlet Ventures will back its $100 million Series B funding round. The company, Beyond Imagination, will be valued at $500 million, and venture capital firm Gauntlet Ventures will be the round’s …

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Barclays and HSBC clash over repealing Britain’s bank ring-fencing rules

20 May 2025 20 May 2025

LONDON (Reuters) -Senior executives at two of Britain’s banks disagreed over proposals to repeal the country’s post-crisis bank ring-fencing rules at a hearing of lawmakers on Tuesday, with the head of Barclays UK saying it could undermine financial stability. Bosses from HSBC, Lloyds, NatWest and Santander UK said they supported scrapping bank ring-fencing in a …

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Newly focused Vodafone sees cash-flow growth but Germany drags

20 May 2025 20 May 2025

By Paul Sandle LONDON (Reuters) – Vodafone’s strategy of focusing on its strongest markets will start to deliver sustainable cash-flow growth this year, even if it takes longer for a turnaround in Germany to show up in the telecom’s profits, its chief executive said on Tuesday. Margherita Della Valle has reshaped the British group in …

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Next EU budget must be more flexible, have new revenues says von der Leyen

20 May 2025 20 May 2025

By Jan Strupczewski BRUSSELS (Reuters) -The next European Union budget, paying for EU policies in 2028-2034, must be more flexible, more focused and funded by new revenues to repay the joint EU borrowing for the pandemic fund, the head of the European Commission Ursula von der Leyen said. Her remarks kick off the toughest and …

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