LONDON (Reuters) -Britain’s digital services tax, imposed on U.S. companies like Amazon, Google and Meta, will not be changed under the terms of the trade deal agreed between the two countries on Thursday, the British government said. U.S. President Donald Trump has been strongly critical of digital services taxes, which have been introduced by around …
Britain’s digital tax on ‘Big Tech’ not impacted by trade deal Read More »
MILAN (Reuters) -Italy’s Brembo guided on Thursday for a margin contraction this year, amid an “extremely challenging market context” for the automotive industry, after the premium brake maker reported a 13% fall in first-quarter core profit. Executive Chairman Matteo Tiraboschi said the automotive sector was still facing difficulties, with a decline in demand and strong …
Brake maker Brembo sees contracting margins this year in tough market Read More »
MADRID (Reuters) -French privately-owned supermarket group Auchan plans to cut 710 jobs and close 25 stores in Spain as it seeks to adapt to changing habits of shoppers who now shun large supermarkets for smaller stores and online shopping, it said on Thursday. Auchan, which operates in Spain under the Alcampo brand, said it would …
French supermarket group Auchan to cut over 700 jobs in Spain Read More »
JERUSALEM (Reuters) -French tech startup Alice & Bob said it was building a $50 million quantum computing laboratory in Paris to support the development of its products. The new lab will enable Alice & Bob’s next-generation quantum chip series – Lithium, Beryllium and Graphene. This development hub will be funded by the company’s recent $103 …
Alice & Bob to build Paris lab for quantum computing Read More »
By Emma Rumney LONDON (Reuters) -European beer makers remain confident about their growth potential despite U.S. tariffs posing some threat to sales and investors see the companies as a relatively safe haven in an intensifying global trade war. Brewers such as Anheuser-Busch InBev, Heineken and Carlsberg have been trying to restore margin expansion and boost …
Brewers confident of growth despite tariffs threat to sales Read More »
(Reuters) -Italy’s Leonardo reported a 12.2% jump in first-quarter earnings before interest, tax and amortisation (EBITA) to 211 million euros ($238.58 million) on Thursday, boosted by volume growth and increased profitability compared with the same period last year. Leonardo’s shares rose as much as 2.8% after the results and were up 2% by 1431 GMT. …
Italy’s Leonardo posts 12.2% jump in first-quarter EBITA Read More »
By Naomi Rovnick LONDON (Reuters) -Big central banks are diverging as White House tariffs threaten to raise U.S. inflation and a dash out of the dollar sparks disinflationary currency strength elsewhere. The U.S. Federal Reserve is holding rates steady for now, while Switzerland is moving closer to negative rates once again, and Japan remains an …
Global central banks diverge as tariff risks hamper US Fed Read More »
By Nupur Anand NEW YORK (Reuters) -Wall Street bonuses are expected to slide this year as economic and geopolitical uncertainty stall deal-making, according to a report by compensation consultancy Johnson Associates. Investment banking activities have dried up this year as corporations hold off on initial public offerings and mergers and acquisitions. Companies have been reticent …
Wall Street bonuses to drop as uncertainty prevails, consultancy says Read More »
By Luiza Ilie BUCHAREST (Reuters) -A deepening political crisis after the first round of Romania’s presidential election triggered the collapse of a pro-Western government, raised the risk of pushing the country into recession, the head of the country’s largest investors’ group said. Financial assets in the European Union and NATO member state have tumbled since …
Romania’s political crisis heightens recession risks, employers say Read More »
By Javi West Larrañaga (Reuters) -Spanish travel technology company Amadeus said on Thursday several airline incidents, weather disruptions and government developments in the U.S. hurt its first-quarter bookings. Shares were down 5.3% in mid-afternoon trading, as Amadeus also trimmed full-year core-profit growth guidance by 1.3 percentage points, estimating that if the current U.S dollar to …
Shares in Amadeus take a hit on core-profit guidance trim Read More »
