Reuters UK/EU

BRUSSELS (Reuters) – Europe is not in danger of a real estate or debt crisis as a result of the rapid rise in European Central Bank interest rates, Economic Commissioner Paolo Gentiloni said on Monday. The ECB has raised rates by a combined 375 basis points since July to curb inflation which hit double digits …

EU’s Gentiloni sees no risk of EU real estate or debt crisis as rates rise Read More »

PARIS (Reuters) – Morgan Stanley’s plan to increase headcount in France by 200 by 2025 would bring its total staff in the country to 500, with the new Paris-based bankers mostly devoted to sales and trading of so-called macro products and stock derivatives. Macro products usually refer to the trading of fixed income and currency-related …

Morgan Stanley to increase Paris staff to 500 by 2025 Read More »

By Yadarisa Shabong and Richa Naidu (Reuters) -British American Tobacco appointed finance director Tadeu Marroco as CEO on Monday, succeeding Jack Bowles who is stepping down after about four years. Marroco started working for the tobacco firm in Brazil in 1992 and was appointed to the board in 2019. Bowles, who also joined the board …

BAT names finance director Marroco as CEO as Bowles bows out Read More »

PARIS/LONDON (Reuters) – Lingotto Investment Management, backed by Italy’s Agnelli family, has hired former British finance minister George Osborne and veteran fund manager James Anderson as it weighs expanding its assets under management, it said on Monday. Owned by Exor NV, the Agnelli family holding company, Lingotto, builds on investment activities Exor previously managed on …

Agnelli investment firm hires former UK minister Osborne Read More »

(Reuters) – Russian President Vladimir Putin told members of his Security Council that their video meeting on Monday should discuss the benefits of cooperation among former Soviet states. The meeting is usually held on a Friday but was brought forward for undisclosed reasons. “We and the republics of the former Soviet Union have a whole …

Putin touts cooperation with ex-Soviet states in Security Council meeting Read More »

LONDON (Reuters) -Britain’s competition watchdog will step up its work looking into grocery prices, but has so far not seen evidence pointing to specific concerns in the sector, it said on Monday, after food price inflation hit a 46-year high in March. Official data showed UK food prices were 19.1% higher in March than a …

UK competition watchdog steps up examination of grocery prices Read More »

CHISINAU (Reuters) – The new leader of a region in southern Moldova said on Monday she would seek closer ties with Moscow after winning a local election which the country’s president said was marred by Russian meddling. Yevgenia Gutsul, who belongs to a pro-Russia party, was elected leader of the semi-autonomous Gagauzia region on Sunday …

Pro-Russian regional leader in Moldova seeks closer ties with Moscow Read More »

LONDON (Reuters) – Rising demand from automakers, industry and investors will push the global platinum market into its biggest deficit in years, three industry reports predicted on Monday. The reports underline an emerging change in fortunes for platinum and its sister metal palladium, both used chiefly in vehicle exhausts to neutralise harmful engine emissions. For …

Platinum facing biggest deficit in years as carmakers snap up metal Read More »

By Kate Abnett and America Hernandez BRUSSELS (Reuters) – France will host a meeting of ministers from 16 pro-nuclear European states on Tuesday aimed at coordinating expansion of atomic power and urging the EU to recognise its role in meeting climate goals for 2050, documents seen by Reuters showed. The meeting in Paris on Tuesday …

France to host pro-nuclear meet to push for EU recognition of climate benefits Read More »