LONDON (Reuters) – Britain’s Royal Mint unveiled a special new commemorative rainbow-coloured 50 pence coin on Wednesday as a tribute to celebrate the 50th anniversary of the Pride UK movement. The coin, designed by east London artist and LGBTQ+ activi…
Stellantis to start reshuffle of dealer network from Austria, Belgium, Netherlands
VERONA, Italy (Reuters) – Stellantis will start a reshuffle of its European dealers’ network next year from Austria, Belgium and the Netherlands, and its van and premium brands in all markets, its regional sales chief said on Wednesday. Speaking at an …
Romania considers changing its tax system
BUCHAREST (Reuters) – Romania is considering changing its tax system, Prime Minister Nicolae Ciuca said on Wednesday in a surprise announcement, and his leftist coalition partners said they wanted to replace the current flat income tax rate with a prog…
Analysis-British Pound: The sick man of the currency world
By Saikat Chatterjee LONDON (Reuters) – In volatile currency markets, one trade stands out as an easy bet: selling the British pound. With the world’s fifth-biggest economy grappling with a particularly unhealthy cocktail of slowing growth and surging …
EU court backs $29 million EU gun jumping fine against Canon
BRUSSELS (Reuters) – Europe’s second-top court on Wednesday upheld a 28-million-euro ($29.4 million) gun jumping fine against Japanese camera and printer maker Canon for closing a 2016 acquisition before securing EU regulatory approval. “The (European)…
Burberry pins prospects to China’s COVID recovery
By Paul Sandle LONDON (Reuters) -Burberry’s prospects depend on how quickly its biggest market, China, recovers from COVID-19 lockdowns, the British luxury goods brand said on Wednesday while reporting higher sales and profits for its 2022 financial ye…
European shares inch lower on inflation worries
By Susan Mathew (Reuters) -European shares slipped on Wednesday led by technology stocks, as worries about inflation and monetary policy tightening dampened optimism around China’s economic recovery. The pan-European STOXX 600 index fell 0.1% by 0820 G…
Air France-KLM agrees cargo deal with French shipping firm CMA CGM
By Tim Hepher and Gus Trompiz PARIS (Reuters) – French shipping firm CMA CGM will take a stake in Air France-KLM as part of an air cargo partnership, betting on growing demand for flying goods around the world as supply chains remain snarled in the wak…
Britishvolt, Scorpio Group to research maritime EV batteries, storage
By Nick Carey LONDON (Reuters) – Britishvolt said on Wednesday that Monaco-based Scorpio Group had made a strategic investment in the electric vehicle (EV) battery startup and the two companies will research battery power and storage options for mariti…
Self-driving startup Wayve taps Microsoft for ‘supercomputer muscle’
By Nick Carey LONDON (Reuters) – British startup Wayve said on Wednesday it will use supercomputer infrastructure designed for the firm by its investor Microsoft to process vast amounts of data as it develops machine learning-based models for self-driv…