By Andy Bruce MANCHESTER, England (Reuters) – Sick of customs delays and extra bureaucracy since Britain left the European Union, Farrat, a small manufacturer on the edge of Manchester, is ramping up investment to compensate – in Germany. The maker of anti-vibration parts for buildings and machinery is growing fast, almost doubling its headcount in…
(Reuters) – Russia’s finance ministry said on Wednesday it would sell 1.7 billion roubles’ ($18.9 million) worth of foreign currency a day between July 7 and Aug. 4, a decrease in the volume of daily operations from the previous month. After a hiatus of several months, Russia resumed foreign currency interventions in January, selling yuan…
LONDON (Reuters) – Apple Inc infringed two telecommunications patents used in devices including iPhones and iPads, London’s Court of Appeal ruled on Tuesday, dismissing the tech giant’s appeal in a long-running dispute with a U.S. patent holder. Texas-based Optis Cellular Technology LLC sued Apple in 2019 over its use of patents which Optis says are…
By Andrea Shalal WASHINGTON (Reuters) -Janet Yellen’s first trip to China as U.S. Treasury Secretary will focus on recalibrating ties between the world’s two largest economies as military communications remain frozen and Beijing’s new restrictions on exports of some metals spark fresh tensions. U.S. officials say they expect “candid” discussions during Yellen’s July 6-9 trip,…
By David Milliken LONDON (Reuters) – Growth in Britain’s private sector slowed sharply last month, despite businesses facing lower inflation, as higher Bank of England interest rates weighed on demand, a survey showed on Wednesday. The S&P Global/CIPS services Purchasing Managers’ Index (PMI) for Britain dropped to 53.7 in June from May’s 55.2, in line…
PARIS (Reuters) – Food inflation in France has started to ease this month and the trend should accelerate in the coming weeks, Finance Minister Bruno Le Maire said on Wednesday. Le Maire told BFM television that there were still four or five major players in the food industry which have not complied with a government…
(Reuters) -Russia and Ukraine on Tuesday accused each other of plotting to stage an attack on the Russian-held Zaporizhzhia nuclear power station, long the subject of mutual recriminations and suspicions. Ukrainian President Volodymyr Zelenskiy said he told his French counterpart, Emmanuel Macron, about Russian “dangerous provocations” at the plant in southeastern Ukraine. Russian troops seized…
BERLIN (Reuters) – Adidas said on Wednesday that its HR chief Amanda Rajkumar would leave the company this month after less than three years in the role, becoming the third board member to do so since Bjorn Gulden took over as CEO. Rajkumar, who joined Adidas in 2020 from BNP Paribas to replace Karen Parkion,…
BERLIN (Reuters) – Growth in Germany’s services sector slowed in June amid signs a recent resurgence in demand was losing steam, a survey showed on Wednesday. The HCOB final services Purchasing Managers’ Index (PMI) fell to 54.1 in June from a 13-month high of 57.2 in May, but it remained comfortably above the 50 level…
PARIS (Reuters) – Activity in France’s dominant services sector fell in June for the first time since January, a survey showed on Wednesday, as weak demand added to fears the euro zone’s second-biggest economy could have contracted in the second quarter. The HCOB France final purchasing managers index (PMI) for June for the services sector,…
