Reuters UK/EU

By Giulio Piovaccari MILAN (Reuters) – Vehicle production has been slowed at a Stellantis plant in southern Italy in the past few days due to strikes by employees protesting over working conditions, the FIOM union said on Friday. The Franco-Italian carmaker assembles the recently launched Alfa Romeo Tonale SUV, production of which is ramping up, …

Output slows at Stellantis plant in Italy as workers strike over conditions Read More »

STOCKHOLM (Reuters) – Swedish central bank Deputy Governor Per Jansson weighed the need for a bigger hike than the half-percentage point raise adopted by rate-setters at the Riksbank’s most recent meeting in April, he said on Friday. “We had a very big miss when it comes to our forecast (in February) … if you look …

Swedish central bank’s Jansson considered bigger rate hike in April Read More »

By David Milliken and William Schomberg LONDON (Reuters) -Britain’s economy grew sluggishly in early 2023, better than the shallow recession once expected, but an unexpectedly sharp drop in output in March underscored how fragile its recovery remains. Gross domestic product (GDP) edged up 0.1% in the first three months of the year, official data showed …

UK economy makes slow start to 2023 as inflation headwinds persist Read More »

By Amanda Cooper LONDON (Reuters) – The pound steadied on Friday after data showed the UK economy avoided recession in the first quarter, recovering from its biggest one-day drop since mid-April the previous day. Sterling was last up 0.1% against the dollar at $1.252. It fell nearly 1% on Thursday after the Bank of England …

Sterling steadies after UK economy posts fragile Q1 growth Read More »

LONDON (Reuters) – Britain’s finance minister Jeremy Hunt on Friday welcomed the latest GDP data which showed the economy had grown by 0.1% in the first three months of this year. “It’s good news that the economy is growing but to reach the government’s growth priority we need to stay focused on competitive taxes, labour …

UK finance minister Hunt: Good news the economy is growing Read More »

(Reuters) – Ukrainian President Volodymyr Zelenskiy on Thursday said he had approved a plan to reform criminal and law enforcement systems, a key element in plans to secure quick membership of the European Union. Ukraine, fighting to repulse Russia’s invasion, has formally applied for membership of the 27-nation bloc. The EU sees an end to …

Ukraine’s Zelenskiy promises legal overhaul to aid EU entry bid Read More »

SAO PAULO (Reuters) – Carrefour Brasil said on Thursday it has entered into exclusive talks with Barzel Properties for the sale of five distribution centers and five stores for 1.3 billion reais ($259.83 million). In a securities filing, the Brazilian arm of French retailer Carrefour SA said the properties will be leased back under 20-year …

Carrefour Brasil in talks with Barzel Properties over $260 million deal Read More »

By Mike Scarcella (Reuters) – Microsoft Corp on Friday will defend its $69 billion planned acquisition of “Call of Duty” maker Activision Blizzard Inc, in a private antitrust lawsuit in San Francisco federal court brought by video gamers who claim the deal will harm industry competition and should be stopped. At the hearing, U.S. District …

Microsoft to defend Activision deal in gamers’ lawsuit in US court Read More »