By Alan Baldwin LONDON (Reuters) – New Aston Martin team boss Mike Krack has had a bumpy start to the season, like those Formula One drivers struggling to tame their bouncing cars in a time of change, but he is still smiling. The 50-year-old Luxemburge…
Head of Deutsche Bank’s DWS steps down after ‘greenwashing’ raids
By Tom Sims, Frank Siebelt and Paul Carrel FRANKFURT (Reuters) -The chief executive of top German asset manager DWS will step down next week, he said on Wednesday, a day after raids by prosecutors over allegations that the company misled investors abou…
Dollar rises on upbeat U.S. data
By Saqib Iqbal Ahmed NEW YORK (Reuters) – The U.S. dollar rose against the euro on Wednesday, helped by upbeat U.S. economic data, and as the common currency remained under pressure following the hottest euro zone inflation on record that raised worrie…
AIB to pay NatWest 5.4 billion euros for Irish tracker mortgage book
DUBLIN (Reuters) – Allied Irish Banks will pay NatWest Group 5.4 billion euros ($5.75 billion) to acquire its Irish tracker mortgage book as the British lender moves towards completing its exit from Ireland. NatWest announced 15 months ago that it was …
Denmark looks set to join the EU’s defence policy
COPENHAGEN (Reuters) -Denmark will join the European Union’s defence policy after a referendum on Wednesday, public broadcaster DR projected, signalling the latest shift among Nordic countries to deepen defence ties in response to Russia’s invasion of …
Slovenia’s parliament approves a new centre-left government
LJUBLJANA (Reuters) – Slovenia’s lawmakers approved a new centre-left government on Wednesday of Prime Minister Robert Golob, who leads a new party and replaced populist premier Janez Jansa promising to make people proud. Fifty-three deputies in the 90…
No Jubilee celebration for FTSE 100 dropouts Royal Mail and ITV
By Lucy Raitano (Reuters) – Royal Mail and broadcaster ITV will lose their spots on Britain’s benchmark FTSE 100 equity index after their respective valuations plunged this year. British Gas owner Centrica and UK student housing provider Unite Group wi…
BoE’s Cunliffe says seeing evidence of slowdown in housing market
LONDON (Reuters) – Bank of England Deputy Governor Jon Cunliffe said on Wednesday the central bank was seeing evidence of a slowdown in the housing market. “We see evidence of a slowdown in the housing market. There are some straws in the wind that sho…
Snam buys regasification vessel as Italy diversifies energy supplies
By Valentina Za and Maria Pia Quaglia MILAN (Reuters) -Italy’s state-controlled Snam has agreed to buy a floating regasification terminal with capacity of 5 billion cubic metres a year from Golar LNG, as Rome works to cut its reliance on Russian gas. A…
Germany’s Scholz calls on Turkey to refrain from provoking Greece
ANKARA (Reuters) – German Chancellor Olaf Scholz has called on Turkey to exercise restraint towards Greece as tensions between the two countries have flared, a German government spokesperson said on Wednesday. “The chancellor is of the opinion that, gi…