LONDON (Reuters) – Britain’s vast financial services industry will lose more jobs to Europe over the coming years because of Brexit, the City of London’s policy chief told Reuters, warning people not to be duped by the low number of job moves to the continent ... More »
LONDON (Reuters) – Shares in Wirecard sank more than 20% in early trading on Tuesday after the Financial Times newspaper published documents on the company’s accounting practices alleging an effort to inflate sales and profits, dealers said. At 0806 GMT, share... More »
VIENNA (Reuters) – Plane parts maker FACC’s (FACC.VI) operating profit fell 6% in the second quarter as it produced fewer components for the Airbus (AIR.PA) A380 and Boeing (BA.N) 737NG jets being phased out and start-up costs for new cabin interiors bit. Chin... More »
FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) has postponed the final decision whether to build a car plant in Turkey, a company spokesman said, amid international criticism of the country’s military operation in Syria and concerns about potential reputational ... More »
LONDON (Reuters) – From the pinnacle of the City of London’s largest skyscraper, Stuart Lipton is wagering a $1.2 billion bet that the British capital remains a master of the international financial universe no matter what happens with Brexit. The 76-year-old ... More »
AMSTERDAM (Reuters) – The Dutch central bank said on Tuesday it would require banks to retain 3 billion euros ($3.31 billion) in additional capital to compensate for risks posed by mortgage portfolios. In its autumn report on financial stability, De Nederlands... More »
BRUSSELS (Reuters) – Alphabet unit Google’s fight against a 2.4-billion-euro ($2.64 billion) EU antitrust fine will be played out over three days in February 2020 at Europe’s second-highest court, according to parties involved in the case. The Luxembourg-based... More »
FRANKFURT (Reuters) – Volvo Cars will merge its engine development and manufacturing assets with those of parent Geely, creating a division to supply in-house brands Lotus, LEVC, Lynk and Proton, and also potential rivals with next-generation combustion and hy... More »
LONDON (Reuters) – Global stocks were little changed on Monday as broadly positive U.S. jobs data quelled some fears about an economic slowdown, but nervousness over U.S.-China trade talks persisted and more weak European economic data trickled in. European sh... More »
BERLIN (Reuters) – German industrial orders fell more than expected in August on weaker domestic demand, data showed on Monday, adding to signs that a manufacturing slump is pushing Europe’s largest economy into recession. Contracts for ‘Made in Germany’ goods... More »
(This October 6 story has been refilled to correct “until February” to “until further notice” in headline and “new court date” to “court status conference” in paragraphs 1 & 6) FRANKFURT (Reuters) – A pending U.S. lawsuit over claims related to Bayer’s (BAYGn.... More »
FRANKFURT (Reuters) – German drugmaker Bayer on Tuesday said it is to spend more than 25 billion euros ($27.22 billion) on research and development at its agriculture unit over the next 10 years. “Agriculture needs to feed a growing world without starving the ... More »
(Reuters) – Hedge fund D.E. Shaw & Co is building a stake in Emerson Electric Co (EMR.N) and is planning to push for changes, including a potential split-up of the U.S. industrial conglomerate, people familiar with the matter said on Friday. Emerson, which pur... More »
GENEVA (Reuters) – The launch of Facebook’s Libra could be pushed back to tackle the regulatory concerns that have been raised around the world, the head of the organization set up to oversee the cryptocurrency told Reuters. Three months ago, Facebook (FB.O) a... More »
FRANKFURT (Reuters) – Euro zone governments must reform their economies and use appropriate fiscal policies to ensure that the European Central Bank is not overburdened, German Chancellor Angela Merkel said on Thursday. Speaking at an event in Frankfurt, home ... More »
LONDON (Reuters) – Digital wealth management company Moneyfarm said on Thursday it had raised 36 million pounds ($44.4 million) from Poste Italiane and Allianz Asset Management in its latest funding round. Moneyfarm also said it plans a strategic partnership w... More »
NEW YORK (Reuters) – Scientists behind a landmark study of the links between oceans, glaciers, ice caps and the climate delivered a stark warning to the world on Wednesday: slash emissions or watch cities vanish under rising seas, rivers run dry and marine lif... More »
NEW YORK (Reuters) – The dollar edged higher while global shares slid on Monday as euro zone equities clocked their worst day in a month after dismal business activity readings in Europe deepened fears of a looming recession there. Bond yields across the euro ... More »
WEISSSEESPITZE, Austria (Reuters) – Scientists are racing to read a rapidly melting archive of climate data going back thousands of years – the inside of Austria’s Alpine glaciers. Mountain glaciers are receding the world over as average global temperatures ri... More »
(Reuters) – Aircraft leasing companies are launching moves to recover dozens of Airbus passenger planes after the collapse of British travel group Thomas Cook (TCG.L), market sources said. The overall group operates a fleet of 85 Airbus planes and 31 Boeing je... More »
(Reuters) – The bosses of Thomas Cook (TCG.L), the world’s oldest travel company, were meeting lenders and creditors in London on Sunday to seek a last-ditch deal to save the company. Thomas Cook needs to find another 200 million pounds ($250 million) on top o... More »
MELBOURNE (Reuters) – Roger Federer is set to give Andy Murray’s hip an early season workout, with Switzerland drawn to face Great Britain in the group phase of the inaugural ATP Cup. Former world number one Murray has played only a handful of singles matches ... More »
(Reuters) – Global regulators will question Facebook on Monday about its Libra cryptocurrency, amid concerns from European Union governments over the threat the digital currency poses to financial stability, the Financial Times reported on Sunday. Officials fr... More »
WASHINGTON (Reuters) – U.S. Senator and Democratic presidential candidate Kamala Harris on Friday asked a government watchdog to look into the Trump administration’s decision to launch an antitrust probe into four automakers cooperating with California on tigh... More »
HELSINKI (Reuters) – France and Germany said on Friday that Facebook Inc’s (FB.O) Libra currency posed risks to the financial sector that could block its authorization in Europe, and backed the development of an alternative public cryptocurrency. The criticism... More »
SAN FRANCISCO/NEW YORK (Reuters) – Facebook Inc (FB.O) revealed lofty plans to establish a cryptocurrency called Libra in June, but the project quickly ran into trouble with skeptical regulators around the world. Opposition deepened on Friday, when both France... More »
FRANKFURT (Reuters) – European Central Bank chief Mario Draghi pledged indefinite stimulus on Thursday to revive an ailing euro zone economy, tying the hands of his successor for years to come and sparking an immediate conflict with U.S. President Donald Trump... More »
FRANKFURT (Reuters) – The European Central Bank is giving euro zone banks a small reprieve from a penalty charge on their idle cash but this is likely to prove too little, too late for a sector hurt by years of low interest rates. In its latest bid to shield t... More »
WASHINGTON (Reuters) – The European Central Bank’s move to cut interest rates and restart a larger stimulus program drew fast reaction from the White House on Thursday, with President Donald Trump saying the ECB was undercutting the value of its currency and “... More »
FRANKFURT (Reuters) – The European Central Bank approved a fresh stimulus package as expected on Thursday, cutting interest rates and approving a new round of bond purchases to prop up euro zone growth and halt a worrisome drop in inflation expectations. Follo... More »
LONDON (Reuters) – A commercial flight with 326 people on board was forced to make an emergency landing when hot coffee was accidentally spilled over the cockpit control panel over the Atlantic ocean, according to a report on Thursday. The Airbus A330-243 flyi... More »
FRANKFURT (Reuters) – Chinese suppliers and manufacturers have stepped up their presence at the Frankfurt auto show, capitalizing on a strong position in electric technologies forced on European carmakers by regulators seeking to curb pollution. Though the num... More »
BERLIN (Reuters) – The German economy will slide into a recession in the current quarter, the Kiel Institute for the World Economy (IfW) said on Wednesday as it slashed its growth forecasts for Europe’s biggest economy due to trade disputes and Brexit uncertai... More »
LONDON (Reuters) – World stocks rose for the sixth straight day on Wednesday and bond prices fell as investors continued to unwind safety bets, encouraged by hopes of a resolution to the Sino-U.S. trade standoff and signs Europe may be preparing to ease budget... More »
BERLIN (Reuters) – German Chancellor Angela Merkel said on Wednesday there was still every chance for Britain’s divorce from the European Union to take place with a deal although Berlin is prepared for a disorderly Brexit in case that does not happen. British ... More »
(Reuters) – European shares rose to six-week highs on Wednesday, as China eased trade worries by saying it would exempt some U.S. goods from additional tariffs, with eyes also moving to a European Central Bank meeting expected to deliver more economic stimulus... More »
AMSTERDAM (Reuters) – Shares in the spin-off of South African e-commerce group Naspers surged more than 25% in the first minutes of their market debut in Amsterdam on Wednesday. Prosus comprises Naspers’ global empire of consumer internet assets, with the jewe... More »
DUBAI (Reuters) – Iran said on Wednesday the firing of John Bolton as U.S. national security adviser will not push Tehran to reconsider talks with the United States. “The departure of US National Security Adviser John Bolton from President Donald Trump’s admin... More »
LONDON (Reuters) – The Japanese yen fell on Wednesday as the rush into safe-haven assets during the summer continued to unwind on the back of rising risk appetite, while the euro paused before Thursday’s European Central Bank meeting. The yen had rocketed towa... More »
BERLIN (Reuters) – Chancellor Angela Merkel said on Wednesday that Europe had decided to uphold the 2015 Iran nuclear deal and would keep trying to find solutions that averted escalation. “Step by step we will keep trying to find solutions with Iran that preve... More »
BERLIN (Reuters) – Germany will do its part to avoid a proxy war in Libya, Chancellor Angela Merkel said on Wednesday, warning that the situation in the north African country risked destabilizing the whole of Africa. “In Libya, a situation is developing that c... More »
BERLIN (Reuters) – Chancellor Angela Merkel said on Wednesday that the current economic situation in Germany meant tax revenues could come in lower than expected. Europe’s largest economy contracted by 0.1% quarter-on-quarter in the April-June period and some ... More »
BERLIN (Reuters) – Chancellor Angela Merkel said on Wednesday that the trade conflict between the United States and China was hitting Germany, which has traditionally relied on exports to propel its economy. “We have international uncertainty due to the U.S.-C... More »
LONDON (Reuters) – Big insurance losses from hurricanes, wildfires and other natural disasters over the past two years are set to push reinsurance renewal rates higher in January, ratings agencies said. After falling for several years due to competition and fe... More »
FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) will not be excluded from public sector contracts in the United States but will instead install a second U.S. monitor at its German headquarters, business daily Handelsblatt reported on Monday. The German carmaker h... More »
BERLIN (Reuters) – Wirecard (WDIG.DE) has signed a memorandum of understanding with Softbank’s (9434.T) Brightstar and anticipates “significant transaction volume” out of the deal, the German fintech announced on Monday. Under the agreement, digital financial ... More »
WASHINGTON (Reuters) – Lawyers for owners of 98,000 Volkswagen AG (VOWG_p.DE) U.S. vehicles that had fuel economy labels that overstated efficiency will ask a U.S. judge for $26 million in attorney’s fees and costs, court documents show. On Friday, the Environ... More »
COLOGNE (Reuters) – Deutsche Post has received expressions of interest from potential partners for StreetScooter, its electric van business, board member Tobias Meyer said on Friday. “We see broad interest along the entire value chain,” Meyer said, adding that... More »
ZURICH (Reuters) – Switzerland’s biggest bank UBS on Thursday appointed former Credit Suisse manager Iqbal Khan to co-lead its flagship wealth management business, as part of a broader shake-up of its executive board. The appointment of Khan alongside two inte... More »
WASHINGTON (Reuters) – Scientists on Wednesday announced the landmark discovery in Ethiopia of a nearly complete skull of an early human ancestor that lived 3.8 million years ago, a species boasting an intriguing mixture of apelike and humanlike characteristic... More »
FDP (Free Democratic Party of Germany) wants to legalize embryo donation and surrogacy in Germany. In addition, in the future, up to 4 people will have the right to bear responsibility for the child. More »
BERLIN (Reuters) – Germany’s economy contracted on weaker exports in the second quarter, detailed data showed on Tuesday, highlighting the Achilles heel of Europe’s largest economy due to escalating trade disputes and waning foreign demand. The Federal Statist... More »
STUTTGART, Germany (Reuters) – Automakers around the world are pushing hard for new networks that can charge electric cars fast. In Europe, some power companies and grid operators are testing whether it might be smarter and cheaper to move into the slow lane. ... More »
PARIS (Reuters) – Britain would still have to honour all its financial obligations made during its membership of the European Union even if a ‘no-deal’ Brexit occurred, said EU Economics Commissioner Pierre Moscovici on Tuesday. British Prime Minister Boris Jo... More »
SHANGHAI (Reuters) – Contract chipmaker GlobalFoundries has sued larger rival Taiwan Semiconductor Manufacturing Co (TSMC) for patent infringement, seeking to stop the defendant’s customers including Apple from importing affected products to the United States ... More »
BIARRITZ, France (Reuters) – French President Emmanuel Macron paved the way at a G7 summit for a diplomatic solution to the standoff between Washington and Tehran over a 2015 nuclear deal, but there was little else to show from a meeting at which allies were s... More »
BIARRITZ, Belgium (Reuters) – France on Monday issued a short statement at the end of a meeting of G7 leaders on several issues, but it was not a communique along the lines of those usually drawn up at the annual summit, reflecting divisions. The issues were t... More »
BIARRITZ, France (Reuters) – French President Emmanuel Macron said on Monday G7 leaders had not reached a consensus on inviting Russia to next year’s G7 summit in the United States. Macron added that he and German Chancellor Angela Merkel would organize a summ... More »
BIARRITZ, France (Reuters) – Iran has an opportunity to come back into compliance with the nuclear deal and resume dialogue about its nuclear activities, British Prime Minister Boris Johnson said on Monday. U.S. President Donald Trump said earlier he would mee... More »
BERLIN (Reuters) – Germany’s cartel office said on Monday it would appeal a regional court decision to suspend restrictions it had placed on Facebook’s data collection practices to the country’s highest court. A court in Duesseldorf had earlier suspended a Feb... More »
LONDON (Reuters) – Sovereign wealth funds’ distaste for equities mostly faded in the second quarter, with some investors turning to emerging- market passive equity funds, data from the research firm eVestment showed on Thursday. Passively managed equity funds ... More »
BERLIN (Reuters) – There is no sign of a looming euro zone crisis due to political upheaval in Italy, German Finance Minister Olaf Scholz said on Wednesday. Asked if he feared a new euro zone crisis, Scholz told German television: “No, there is no sign of that... More »
LONDON (Reuters) – Global equity markets rose on Monday on signs that major economies would look to prop up stalling growth with fresh stimulus measures, easing pressure on bonds and dampening demand for perceived safe-havens such as gold. Hopes of government ... More »
LONDON (Reuters) – Britain’s parliament needs to be recalled immediately to discuss Brexit, the opposition Labour Party’s finance spokesman John McDonnell said on Monday, after leaked official documents forecast possible food, fuel, and medicine shortages. Bri... More »
LONDON/SINGAPORE (Reuters) – Crude oil prices rose on Monday following a weekend attack on a Saudi oil facility by Yemeni separatists and as traders looked for signs that Sino-U.S. trade tensions could ease. Price gains were, however, capped to some degree by ... More »
(Reuters) – European stock markets rose for the second session running on Monday, with Frankfurt shares leading a recovery from last week’s six-month lows as investors cheered signs of moves by Germany and China to counter slowing growth. Friday’s report that ... More »
LONDON (Reuters) – Britain’s opposition Labour Party leader Jeremy Corbyn will meet with other British political leaders next week to discuss tactics to prevent a no-deal Brexit, Corbyn’s second-in-command John McDonnell told the BBC on Monday. “He’ll bring th... More »
LONDON (Reuters) – The euro steadied on Monday after suffering its biggest weekly drop in nearly two months as risk appetite gradually returned to global markets after a week of turmoil. With hopes of fiscal stimulus from Germany growing and steps by China ove... More »
BERLIN (Reuters) – Online fashion retailer Zalando (ZALG.DE) has launched a pilot to deliver orders placed by customers in Paris on the website of Adidas (ADSGn.DE) as it extends moves to allow brands to use the logistics network it has built for its own ecomm... More »
LONDON (Reuters) – Bond yields in the euro zone were off record low levels on Monday, as a calmer tone settled in world markets and focus turned to the prospect of fiscal stimulus in Germany. Germany has the fiscal strength to counter any future economic crisi... More »
(Reuters) – Roche Holding AG has priced its personalized cancer treatment, Rozlytrek, at about $17,050 per month, nearly half of the monthly price of a rival drug from Bayer AG and Eli Lilly and Co that was approved last year. Roche’s drug and Bayer/Lilly’s Vi... More »
WASHINGTON (Reuters) – Genetic research that reconstructed the past population dynamics of the cave bear, a prominent prehistoric denizen of Europe, implicates Homo sapiens rather than climate cooling in the Ice Age extinction of these brawny plant-loving beas... More »
BRUSSELS (Reuters) – As the Oct. 31 deadline for Britain to leave the European Union approaches, health professionals are warning that shortages of some medicines could worsen in Europe in the event of a no-deal Brexit. Britain’s food and drink lobby warned la... More »
LONDON (Reuters) – 1/ READY FOR A SCARY EURO ZONE GDP SHOW? Fears of a major downturn in euro zone powerhouse Germany grew this week following “scary” industrial output figures for June and reports due over the coming week that will hold those concerns up to t... More »
VIENNA (Reuters) – Austrian sensor specialist AMS (AMS.S) triggered a bidding war for Osram (OSRn.DE) on Sunday, saying it was ready to pay $3.8 billion for the German lighting group’s shares, 10% more than finance investors Bain Capital and Carlyle (CG.O) hav... More »
WASHINGTON (Reuters) – China is unlikely to face serious consequences from the Trump administration’s decision to label it a currency manipulator given the apparent lack of G7 and IMF support for the move, former and current U.S. and G7 officials said. The U.S... More »
NEW YORK/FRANKFURT (Reuters) – Bayer AG has not offered to pay billions of dollars to settle claims in the United States related to the Roundup herbicide, mediator Ken Feinberg said, dismissing a report to that effect which drove its shares as much as 11% high... More »
VIENNA (Reuters) – An emergency meeting with parties to Iran’s 2015 nuclear deal was constructive but there are unresolved issues and Tehran will continue to reduce its nuclear commitments if Europeans fail to salvage the pact, Iranian official Abbas Araqchi s... More »
(Reuters) – European shares recovered from early losses on Monday, fueled by a surge in the London Stock Exchange Group on its potential deal to buy financial data firm Refinitiv, while investors waited anxiously for an expected U.S. interest rate cut. Shares ... More »
LONDON (Reuters) – Britain is turbo-charging its no-deal Brexit preparations and will be ready to leave the European Union with or without a deal on Oct. 31, Foreign Secretary Dominic Raab said on Monday. Raab, an avowed Brexiteer, said the “undemocratic” Iris... More »
LONDON (Reuters) – Britain warned the European Union on Monday it needed to change its ‘stubborn’ position on Brexit if a no-deal exit was to be avoided. Foreign Secretary Dominic Raab said he wanted a deal but the EU had to change its position. “We want a goo... More »
LONDON/AMSTERDAM (Reuters) – Amsterdam-based online food delivery firm Takeaway.com (TKWY.AS) has agreed to buy Just Eat (JE.L) in an all-share deal valuing the combined group, which will be one of the sector’s largest, at about 8.2 billion pounds ($10.1 billi... More »
COLOGNE, Germany (Reuters) – Dwayne Johnson and Jason Statham return as agent Hobbs and outcast Shaw in “Fast & Furious: Hobbs & Shaw”, their own spin-off in the hugely successful film franchise. The two characters, who strongly dislike each other, must join f... More »
LONDON (Reuters) – Surprisingly upbeat economic soundings from China lifted the global markets mood on Monday, pushing world shares toward an 18-month high and steering the Aussie dollar and copper upwards. Investors were waiting for a torrent of second-quarte... More »
LONDON (Reuters) – Valtteri Bottas says he will be looking at the ‘man in the mirror’ to find a way to beat Mercedes team mate Lewis Hamilton after falling further behind the runaway Formula One leader in Britain. The Finn was fastest in Friday practice and st... More »
BRUSSELS (Reuters) – European foreign ministers will seek to flesh out how to convince Iran and the United States to reduce tensions and initiate a dialogue when they meet in Brussels on Monday amid fears that the 2015 nuclear deal is close to collapse. U.S.-I... More »
BRUSSELS (Reuters) – British Foreign Secretary Jeremy Hunt said on Monday that there was still time to save the Iran nuclear deal and that despite the United States being Britain’s closest ally it disagreed on how to handle the Iran crisis. “Iran is still a go... More »
BRUSSELS (Reuters) – France’s Foreign Minister Jean-Yves Le Drian said on Monday that Europe had to remain united in trying to preserve the Iran nuclear deal, and said Tehran should reverse its decision not to comply with parts of the accord. “The Europeans ha... More »
(Reuters) – European shares trod water on Monday as worrying comments on Germany’s industrial and services sectors curbed optimism stemming from China’s encouraging factory output and retails sales data. Germany’s Economy ministry said its industrial activity ... More »
BERLIN (Reuters) – More than 2,000 workers at seven Amazon (AMZN.O) sites across Germany have gone on strike over pay for at least two days, labor union Verdi said on Monday. The walkouts, under the motto ‘No more discount on our incomes”, started overnight an... More »
(Reuters) – GlaxoSmithKline said on Monday a late-stage study testing its initial maintenance therapy, Zejula, in patients with ovarian cancer who have undergone platinum-based chemotherapy showed positive results. Zejula, which belongs to a promising class of... More »
(Reuters) – Novak Djokovic has already established himself as one of the best ever to play the game but the Serb, who clinched his 16th Grand Slam at Wimbledon on Sunday, will not be satisfied until he is considered the greatest of all time, Boris Becker has s... More »
SAO PAULO (Reuters) – Brazilian cotton producers in the state of Mato Grosso on Thursday sued Bayer AG (BAYGn.DE), seeking to cancel the chemical company’s patent protection for its Bollgard II RR Flex genetically modified cotton seed, according to a statement... More »
FRANKFURT/BOSTON (Reuters) – Elliott Management Corp has invested more than rivals in its push for corporate change so far this year and there has been an increasing focus among activist investors on German companies. Elliott, Paul Singer’s $35 billion hedge f... More »
MADRID (Reuters) – A Spanish court ruled on Wednesday that singer Julio Iglesias is the father of a 43-year old man, resolving a paternity dispute that had lasted three decades after the veteran star refused to take a DNA test. Javier Sanchez-Santos was born i... More »
ZURICH (Reuters) – With other parts of its business facing hefty cuts, Deutsche Bank wants to expand its European operations handling the assets of rich clients and take market share from rivals after staunching the outflow of assets. Hiring new client relatio... More »
BERLIN (Reuters) – Dagmar Valcarcel, a legal expert, will join Deutsche Bank’s supervisory board, German newspaper Handelsblatt said on Wednesday without naming its sources. The newspaper said the position had become free because Stefan Simon was moving into t... More »
BRUSSELS (Reuters) – The European Commission lowered its estimates on Wednesday for euro zone growth and inflation, saying uncertainty over U.S. trade policy posed a major risk to the bloc. In its quarterly economic forecasts, the European Union’s executive ar... More »
(This July 9 story corrects to change company name to Biotech Foods in paragraph five.) By Andrés González and Silke Koltrowitz MADRID/ZURICH (Reuters) – Lab-grown meat, first introduced to the world six years ago in the form of a $280,000 hamburger, could hit... More »
BRUSSELS (Reuters) – Croatia has submitted a formal bid to join the European Exchange Rate Mechanism (ERM-2), an early stage on the path to membership of the euro currency, the head of the Eurogroup of euro zone finance ministers said on Monday. The move could... More »
