BERLIN (Reuters) -A court in Switzerland said on Friday that Nord Stream 2, part of Russian gas company Gazprom, has reached a debt restructuring agreement with its creditors. The court had set a deadline of May 9 for Switzerland-based Nord Stream 2 to both restructure its debts and pay back small-scale creditors. The court had …
Nord Stream 2 agrees debt restructuring deal, court says Read More »
(Reuters) -The Swiss federal prosecutor has appealed against a court decision to acquit collapsed lender Credit Suisse, now part of UBS, in a money laundering case of a Bulgarian cocaine trafficking gang, reviving the legal issue for the bank. In a ruling seen as a test case for the prosecution of banks, Credit Suisse was …
Swiss prosecutor appeals UBS acquittal in Credit Suisse money laundering case Read More »
FRANKFURT (Reuters) -A part of Northvolt’s German division has applied for restructuring, a spokesperson for the insolvent Swedish battery cell maker said on Friday, confirming a report in weekly magazine Der Spiegel. The affected division is Northvolt Germany TopCo GmbH while the entity in charge of building Northvolt’s German plant in Heide is still running, …
Part of Northvolt’s German unit applies for restructuring Read More »
By Joanna Plucinska and Shashwat Awasthi (Reuters) -British Airways owner IAG reported better than expected first-quarter profit on Friday and maintained its outlook for 2025, with resilient demand helping to almost triple earnings year on year. Shares were up 2.5% at 1050 GMT, as analysts and investors expressed optimism about IAG’s prospects and strategy, bolstered …
BA owner IAG almost triples first-quarter operating profit to beat expectations Read More »
LONDON (Reuters) -Britain needs to rebuild its trading relationship with the European Union, the Governor of the Bank of England Andrew Bailey told the BBC, adding that growing trade with the bloc would be beneficial to the UK. Britain and the EU are holding a summit on May 19 that could lead to closer defence …
UK needs to rebuild trading relationship with EU, BoE boss says Read More »
By Alistair Smout and Andrea Shalal LONDON/WASHINGTON (Reuters) – Britain spent months buttering up Donald Trump, keeping calm in the face of the U.S. president’s tariff-led assault on global trade, before deciding late on Wednesday to drop its demands for a comprehensive deal and take a quick but limited win instead. Britain had been in …
The art of the possible: Britain settles for quick win in US trade deal Read More »
BRUSSELS (Reuters) – European Commission President Ursula von der Leyen said on Friday she would only go to the White House for “a solution” on trade tariffs, reacting to a question related to President Donald Trump having called her Thursday a “fantastic person”. “I think I had a good conversation with President Trump, on the …
EU’s von der Leyen: Will only go to the White House to negotiate a tariffs solution Read More »
By Amanda Cooper LONDON (Reuters) -The pound rose on Friday, following the announcement of a “breakthrough” trade deal between Britain and the United States the previous day. U.S. President Donald Trump and British Prime Minister Keir Starmer on Thursday announced a limited bilateral trade agreement that leaves in place Trump’s 10% tariffs on British exports, …
By Chandini Monnappa and Joanna Plucinska (Reuters) – British Airways owner IAG on Friday unveiled plans to buy 71 long-haul aircraft from Airbus and Boeing, sharing a major fleet expansion across the Atlantic a day after Britain and the U.S. announced a trade deal. The airline group announced a new order for 32 Boeing 787-10 …
IAG orders 71 long-haul jets split between Airbus and Boeing Read More »
BRUSSELS (Reuters) -The European Union will make a “big push” towards a capital markets union, which experts says would free up funds to finance defence spending as well as digital and green transitions, European Commission President Ursula von der Leyen said on Friday. “We need a deep and liquid functioning capital market for the whole …
EU’s von der Leyen: Big push on capital markets union expected before the summer Read More »
