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Ryanair asks some Spanish flight attendants to pay back a 2024 raise, documents show

By Javi West LarraƱaga (Reuters) -Irish airline Ryanair has asked some of its flight attendants in Spain to pay back thousands of euros in raises they have received since last year as part of a union deal later struck down in court, documents seen by Reuters showed. A judge from Spain’s High Court ruled in …

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Chesnara weighs buying HSBC’s UK life insurance unit, Bloomberg News reports

(Reuters) -Britain’s Chesnara is exploring a potential acquisition of HSBC Holdings’ life insurance business in the UK, Bloomberg News reported on Monday, citing people familiar with the matter. Chesnara, a life and pensions consolidator, is one of several suitors who have expressed interest in HSBC’s UK life insurance operations, and a deal could value the …

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UK strikes EU trade and defence reset in ‘new era’ for relations

By Kate Holton, Andrew MacAskill and Alistair Smout LONDON/BRUSSELS (Reuters) – Britain agreed the most significant reset of defence and trade ties with the European Union since Brexit on Monday after U.S. President Donald Trump’s upending of the global order pushed the two sides to move on from their acrimonious divorce. Nearly nine years after …

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Britain’s energy price cap to fall 7% in July, Cornwall Insight says

By Susanna Twidale LONDON (Reuters) -Britain’s domestic energy price cap is expected to fall by about 7% in July due to lower wholesale energy prices, analysts at Cornwall Insight said on Monday. A fall would be welcome news for the government, under pressure to meet a pledge to curb household energy costs, although the analysts …

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Russian court fines Apple for violating ‘LGBT propaganda’ law

(Reuters) -A Russian court has fined U.S. tech giant Apple 10.5 million roubles ($130,483) in four separate administrative cases, three of which pertained to breaches of Russian rules on what Moscow calls LGBT propaganda, the Moscow courts’ press office said on Monday. Russia in 2023 widened restrictions on the promotion of “non-traditional sexual relations” amid …

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Kering names Pierpaolo Piccioli new creative director of Balenciaga

(Reuters) -French luxury group Kering said on Monday that Pierpaolo Piccioli has been appointed creative director at Balenciaga, replacing Demna who is taking up the chief design job at the group’s top label Gucci. Piccioli, 57, joins Balenciaga after a 25-year tenure at Valentino, working as the label’s sole creative director for nearly a decade. …

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European stocks subdued as corporate news outweighs US credit downgrade

By Sruthi Shankar and Purvi Agarwal (Reuters) -European stocks closed flat on Monday, following a five-week winning streak, as declines from a surprise U.S. credit rating downgrade were offset by upbeat corporate updates. The pan-European STOXX 600 index pared earlier declines to close 0.1% higher, hovering around the seven-week intraday high it touched on Friday. …

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Mitsubishi Motors decides not to pursue investment in Renault’s Ampere

PARIS (Reuters) – Mitsubishi Motors said on Monday it had decided not to proceed with an investment in Renault’s electric vehicle business Ampere, in a shift in the company’s EV strategy. Mitsubishi had previously announced an investment of up to 200 million euros ($225.08 million) in Ampere. It said, however, it would continue to develop …

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FTSE 100 ends at seven-week high as UK-EU strike most significant deal since Brexit

By Twesha Dikshit and Ragini Mathur (Reuters) -London stocks ended at a seven-week high on Monday as the UK struck a wide-ranging deal with the European Union in the most significant reset of ties since Brexit, while a Moody’s downgrade of U.S. sovereign credit rating reverberated across global markets. The blue-chip FTSE 100 rose 0.2%, …

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