Europe Business

Eni plans to quadruple gasoline output at Angolan refinery by 2021

11/10 Italian oil and gas company Eni expects to boost gasoline production at Angola's Luanda refinery to 470,000 tonnes within two years from the current 110,000 tonnes a year, a senior company official said on Friday.  Full story

PrivatBank wins London appeal in lawsuit against ex-owners

19h43 PrivatBank won an appeal in a London court on Tuesday that allows Ukraine's largest lender to pursue claims worth billions of dollars against its former owners.. . .  Full story

Oil steady, retraces losses on talk of Brexit deal, hints of OPEC supply restraint

19h16 Oil prices were narrowly mixed on Tuesday, retracing early losses on optimism about a potential Brexit deal and signals from OPEC that further supply curbs are possible, but prices remained under pressure from U.S.-China trade. . .  Full story

Britain narrows gap in last-gasp Brexit talks, only hours remain

19h14 Britain and the EU made headway in eleventh-hour talks on Tuesday to reach a Brexit deal in time for a leaders' summit, but with hours left to clinch an agreement it was still unclear. . .  Full story

European shares jump as hopes of Brexit deal grow

19h05 European stocks rose to their highest in nearly three months on Tuesday, with Irish stocks soaring almost 3%, after a news report said negotiators were on the verge of a deal that would avoid. . .  Full story

CEO of Britain's Next sells shares worth more than 10 mln stg

18h50 The chief executive of Next has sold more than 10 million pounds ($12.7 million) worth of shares in the British clothing retailer to finance an investment in a private venture outside the retail industry,. . .  Full story

Royal Mail union votes overwhelmingly in favour of a nationwide strike

18h48 Britain's Royal Mail staff want to go on a nationwide strike, the Communications Workers Union (CWU) said on Tuesday, after it alleged that the company failed to adhere to a pension deal signed last. . .  Full story

Gold slips 1% on stronger equities; palladium smashes record

18h46 Gold fell 1% on Tuesday as growing risk appetite boosted investor demand for equities, while a sustained supply crunch in palladium propelled the price of that precious metal to a record high.. . .  Full story

Goldman profit slammed by souring WeWork, Uber bets

18h39 Goldman Sachs Group Inc missed Wall Street estimates for quarterly profit on Tuesday as it took heavy losses from high-profile investments in WeWork and Uber Technologies and faced up to a weakening global economy.. . .  Full story

Britain delays reform of company audits until early 2020

18h35 Britain will wait until early next year before implementing root-and-branch reform of auditing, a government minister said on Tuesday, dismissing claims of "drift".. . .  Full story

Nickel rebounds after heavy selling; copper in doldrums

18h15 Nickel prices rebounded on Tuesday after heavy losses a day earlier, while worries about weak economic growth weighed on copper.. . .  Full story

Euro zone bonds sell off after EU, UK negotiators said to be close to draft Brexit deal

18h03 Euro zone government bonds sold off on Tuesday after a news report that UK and EU negotiators were close to a draft deal on Brexit boosted investors' risk appetite.. . .  Full story

Generali results are proof it has the right strategy and shareholder support

17h46 The good results Generali has racked up are proof that the insurer is well run and has the backing of shareholders, the group's chairman Gabriele Galateri di Genola said on Tuesday.. . .  Full story

Britain to complete plan next year to reach net zero transport emissions

17h37 Britain said on Tuesday it would complete a plan next year to achieve net zero emissions from all forms of transport, as climate change activists targeted the transport ministry.. . .  Full story

KKR mandates banks for defence supplier Hensoldt's IPO - sources

17h35 Private equity firm KKR is advancing with preparations for a stock market flotation of German defence supplier Hensoldt in a deal potentially valuing the company at more than 2 billion euros ($2.2 billion), people close. . .  Full story

Italy readies 2020 budget that cuts taxes, cracks down on evaders

17h24 Italy's government will approve a draft 2020 budget on Tuesday that cuts taxes for middle-earners and cracks down on tax evaders, while holding the deficit at the same level as this year, government officials. . .  Full story

Ex-Barclays executive panicked over scrutiny of salary in 2008, court hears

17h21 A former senior Barclays executive was "panicking" about the risk of a state bailout during the credit crisis in 2008 because he feared government scrutiny of his multi-million pound remuneration, a London criminal trial heard. . .  Full story

Ripe for a fall: private equity debt rush stokes bond market fears

17h11 A growing number of private equity firms are taking advantage of Europe's buoyant bond market to extract money from companies they hold by loading them with debt, prompting some investors to warn the fixed. . .  Full story

How are businesses preparing for a "no-deal Brexit"?

16h55 Leaving the European Union without a deal at the end of this month will force businesses to navigate an unprecedented set of challenges from potential blockages at ports to the introduction of paperwork and. . .  Full story

Wells Fargo disappoints Wall Street as legal costs mount

16h47 Wells Fargo & Co missed third-quarter profit estimates on Tuesday as mortgage income sank and the fourth-largest U.S. bank by assets braced for additional legal expenses tied to a sales practices scandal that erupted more. . .  Full story

Mozambique president praises peace, opposition warns in tense poll

16h33 Mozambicans voted on Tuesday in an election which the president said should help anchor peace, while his opposition rival warned against any manipulation of the results.. . .  Full story

Nordic sports firm XXL's shares hit by profit warning, cash call

16h25 XXL, the Nordic region's largest sports retailer, warned of weaker-than-expected third quarter earnings on Tuesday and said it needed to raise cash, sending its shares tumbling more than 20% to all-time lows.. . .  Full story

BoE's Vlieghe sees lower rates if Brexit delayed again

16h17 The Bank of England will probably need to cut interest rates if Brexit is postponed again, rate-setter Gertjan Vlieghe said on Tuesday, adding to the debate at the central bank about the right response. . .  Full story

Wirecard rejects FT report as shares drop

16h05 Germany's Wirecard rejected allegations of impropriety on Tuesday after the Financial Times newspaper published documents on the company's accounting practices which it said appeared to indicate an effort to inflate sales and profits.. . .  Full story

Russia considers changing law to allow Fortum/Uniper deal - IFX

16h05 Russia's anti-monopoly service is considering changing regulations to allow Finnish utility Fortum to raise its stake in Germany's Uniper, Interfax news agency reported on Tuesday, citing the service.. . .  Full story

HSBC taps Lazard to sell French retail business - source

16h01 HSBC Holdings has hired U.S. investment bank Lazard Ltd to sell its French retail business, a source close to the matter told Reuters, as part of a plan by new interim chief executive Noel. . .  Full story

Chile's Antofagasta reaches labor deal with supervisors at Los Pelambres copper mine

15h55 Chile's Antofagasta Minerals , one of the world's top copper producers, said on Tuesday it had reached a labor agreement with a union of supervisors at its flagship Los Pelambres mine in Chile.. . .  Full story

Germany plans to nearly double taxes on short-haul flights

15h52 Berlin plans to almost double taxes on short-haul flights under Germany's emissions cutting programme, an official at the Finance Ministry said on Tuesday, a bigger increase than expected.. . .  Full story

Smelter outages prolong zinc's supply-chain bottleneck: Andy Home

15h51 "The most critical issue facing the zinc market is the performance of zinc smelters and Chinese zinc smelters in particular.". . .  Full story

Brexit to be delayed again, free trade deal will be struck - economists

15h43 Britain's Oct. 31 departure from the European Union will be delayed, according to the vast majority of economists polled by Reuters who again said the two sides would eventually agree a free trade agreement. . .  Full story

-European Investment Bank postpones decision on fossil fuel lending

15h28 The European Investment Bank has postponed taking a decision on whether to stop financing fossil fuel projects to November, an official said on Tuesday, as the multilateral lender works out whether to keep financing gas. . .  Full story

Former Thomas Cook boss defends record after firm's collapse

15h17 The former chief executive of bankrupt travel firm Thomas Cook said on Tuesday he understood public anger over his pay but defended his record, saying he had worked tirelessly to try to save. . .  Full story

Banks reap $1 billion from U.S. mortgage bond trading boom

15h10 Global banks earned $1 billion from trading government-backed U.S. mortgage securities in the first half of 2019, data shows, a fivefold increase on last year for what industry sources say is the fastest growing. . .  Full story

Neil Woodford sacked as flagship Equity Income Fund to be shut

15h09 Neil Woodford has been ousted from his flagship LF Woodford Equity Income Fund which will be shut down to pay back investors whose money has been trapped since June.. . .  Full story

Spain trims economic growth outlook with trade row in mind

15h00 Spain's acting government has lowered its growth forecasts due to domestic and external factors such as trade tensions and raised its deficit estimate, just as political gridlock narrows Madrid's room for manoeuvre on budgetary matters.. . .  Full story

Climate change activists defy police ban on London protests

14h47 Climate change activists, including one of the founders of Extinction Rebellion, defied a police order to end protests on Tuesday after a week of disruption in London, targeting Britain's transport ministry and security agency MI5.. . .  Full story

French insurer AXA considers selling up in Central Europe - sources

14h35 French insurer AXA is considering selling its Central European business as part of a restructuring to quit markets where it lacks scale, three sources familiar with the situation said.. . .  Full story

Moscow Exchange plans higher dividends, to double retail client base

14h05 The Moscow Exchange plans to channel all of its free cash flow into dividends and will also raise a dividend payout floor to 60% from 55% of net profit under a new dividend policy. . .  Full story

UK's Marston's to sell more pubs as profits slide

13h48 British pubs group Marston's said on Tuesday annual profits had fallen for the first time in five years, hit by sluggish consumer spending and rising costs, and that it would sell more pubs to. . .  Full story

China's Sinopec weighs output cuts due to freight rate surge - sources

13h46 Asia's largest refiner, Sinopec, is weighing plans to cut oil imports in December and reduce output at its refineries after a surge in global tanker freight rates hit margins, four sources with knowledge of the. . .  Full story

EU's Barnier sees three Brexit scenarios: deal, extension, "breakdown" - sources

13h44 The European Union's Brexit negotiator told the 27 EU states staying on together that he saw three possible scenarios ahead: a deal with Britain later on Tuesday, another delay to Britain's departure or a. . .  Full story

China's steel industry fragmentation worsening - official

13h37 China's steel sector fragmentation is worsening, an industry official said on Tuesday, citing unplanned new capacity at small mills undermining government efforts to restructure and merge companies in the huge industry.. . .  Full story

Bosnian region raises $22.5 mln via 7-yr bonds at lower cost

13h30 Bosnia's autonomous Bosniak-Croat Federation raised 39.9 million Bosnian marka ($22.5 million) through an auction of seven-year domestic bonds, aimed at helping it plug a budget gap and finance maturing debt, the Finance Ministry said on. . .  Full story

Italy's shadow economy grew 1.5% in 2017; government plans crackdown

13h27 Italy's shadow economy grew 1.5% in 2017, the government estimated on Tuesday, bolstering its case for the crackdown it plans in the 2020 budget.. . .  Full story

Carbon pricing inevitable for Austria - Verbund CEO

13h20 Austria will have to adopt a carbon pricing system along the lines of what Germany has proposed, the chief executive of state-controlled utility Verbund told Reuters.. . .  Full story

German government lowers 2020 GDP growth forecast to 1% - source

12h57 The German government has lowered its 2020 forecast for economic growth to 1.0% from 1.5% before, a source familiar with the projection told Reuters on Tuesday.. . .  Full story

Norway posts first monthly trade deficit since 2017 as gas exports plunge

12h40 Norway recorded its first monthly trade deficit in almost two years last month, triggered by a sharp fall in sales of natural gas and a decline in the price of crude oil, its two. . .  Full story

UK says it is leading on climate and protests should not disrupt lives

12h33 After climate-change protests in London, Britain said on Tuesday that it was already leading the world on addressing climate damage and that while activists had a right to peaceful protest, they should not disrupt. . .  Full story

ECB's Knot looking forward to reviewing monetary policy with Lagarde

12h09 European Central Bank governing council member Klaas Knot said on Tuesday he was looking forward to a review of ECB monetary policy with incoming President Christine Lagarde.. . .  Full story

Barring Brexit deal tonight, extra EU summit likely later in Oct - Luxembourg

12h01 Luxembourg's Foreign Minister Jean Asselborn said on Tuesday the European Union's Brexit negotiator Michel Barnier was seeking a Brexit deal with Britain by the end of the day.. . .  Full story

IMF praises Serbia's economic performance, says more reforms needed

12h00 The International Monetary Fund praised Serbia's economic performance on Tuesday, but urged the Balkan country to monitor budget spending and continue with structural reforms.. . .  Full story

U.S. and China help Hays buck gloom among UK recruiters

11h58 Hays Plc bucked the gloomy trend among British recruiters on Tuesday, with strong net fees growth in the United States and China helping to offset slowing markets closer to home.. . .  Full story

-UK hiring falls by most in over four years as Brexit nears

11h32 Britain's jobs boom has weakened in the approach to Brexit with the number of people in work unexpectedly falling by the most in over four years and unemployment rising, official data showed on Tuesday.. . .  Full story

British mid-caps rise on hopes of Brexit deal this week

10h37 Britain's domestically focussed mid-cap index advanced on Tuesday amid hopes that a Brexit deal could be clinched this week, though gains were capped by steep falls in the shares of a slew of companies. . .  Full story

UK watchdog proposes car finance commission crackdown

10h37 Britain's markets watchdog has proposed banning auto dealers and brokers from receiving commission linked to interest rates on loans used to finance car purchases, a step it said would save consumers 165 million pounds ($208.4. . .  Full story

Germans to pay 5.5% higher levy for renewable power in 2020

10h33 Germany's power network operators (TSOs) will hike by 5.5% next year the fee consumers have to pay to support the country's shift towards renewable energies, they said on Tuesday, confirming what a source earlier told. . .  Full story

-Don't be misled by Brexit jobs trickle - London finance chief

10h20 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. . .  Full story

UK autos firms cut jobs, fear for investment as Brexit nears - SMMT

10h00 One in three British automotive firms is cutting jobs as Brexit nears, up from one in eight just under a year ago, according to a survey conducted by a group representing the industry which. . .  Full story

UK regulator looks to cut costs of new Hinkley Point grid link

09h42 British energy market regulator said it would grant National Grid 637 million pounds ($803.38 million) to build the transmission link for the Hinkley Point C nuclear plant, lower than the company's initial request for. . .  Full story

Embattled drugmaker Indivior raises forecasts on Suboxone strength

09h29 Indivior Plc on Tuesday raised its full-year forecasts as the embattled British drugmaker's best-selling opioid addiction drug Suboxone fared better than expected in the face of competition from copycats.. . .  Full story

Britain's Renishaw first-quarter profit tanks 85% as demand slumps

09h09 British engineering group Renishaw Plc said on Tuesday its first-quarter profit plummeted 85%, dented by a slump in demand for its precision measurement equipment and ongoing global trade disputes, sending shares 11% lower.. . .  Full story

Brexit deal "more and more difficult" this week, EU summit to discuss delay

09h07 Agreeing a Brexit divorce deal has become "more and more difficult" this week but was still possible, the bloc's Brexit negotiator said on Tuesday, while Finland's EU minister said the bloc's leaders would discuss another. . .  Full story

French inflation slowed down in September

08h50 French consumer prices fell 0.4% in September compared to August, giving a year-on-year inflation rate of 1.1%, according to EU-harmonised data published on Tuesday that confirmed earlier forecasts.. . .  Full story

UK Stocks-Factors to watch on Oct 15

08h50 Britain's FTSE 100 index is seen opening up 7 points at 7,220 on Tuesday, according to financial bookmakers with futures 0.31% higher ahead of cash markets open.. . .  Full story

Bellway annual profit rises on strong demand for affordable homes

08h39 British housebuilder Bellway Plc reported higher annual pretax on Tuesday as the government's help-to-buy scheme and low interest rates boosted demand for its affordable homes in a tough real estate market.. . .  Full story

Australia bars entry to Vietnamese woman for failing to declare raw pork

08h27 Australia has refused entry to a Vietnamese woman for failing to declare 10 kg (22 lb) of raw pork, seafood and poultry on arrival in Sydney, its first expulsion under a more strict biosecurity. . .  Full story

Dutch cbank: banks must hold 3 bln euros extra capital for mortgages

08h25 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.. . .  Full story

London retains global finance throne amid Brexit chaos

08h00 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. . .  Full story

European Union aims to resume free trade talks with Thailand

07h40 The European Union aims to resume negotiations with Thailand on a free trade agreement (FTA), the Council of the European Union said in a statement, after suspending trade talks following a 2014 military coup.. . .  Full story

Germany doesn't need economic stimulus, but tax cuts - minister

07h31 Germany does not need an economic stimulus package but needs to cut red tape and taxes, the country's Economy Minister Peter Altmaier told public broadcaster ZDF on Tuesday.. . .  Full story

No choice but to invest in oil, Shell CEO says

01h01 Royal Dutch Shell still sees abundant opportunity to make money from oil and gas in coming decades even as investors and governments increase pressure on energy companies over climate change, its chief executive said.. . .  Full story

Britain reviews all weapons export licences with Turkey - FT

14/10 The United Kingdom is reviewing all weapons exports licences to Turkey as it faces mounting pressure over its military offensive in northern Syria, the Financial Times reported on Monday.. . .  Full story

Deals of the day-Mergers and acquisitions

14/10 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:. . .  Full story

Sun Capital frontrunner to buy Italy's Vetrerie Riunite-sources

14/10 Private equity firm Sun Capital Partners is in the lead to buy Italy's Vetrerie Riunite, two people familiar with the deal said on Monday, after VAM Investments withdrew its offer when it received no. . .  Full story

Gold rebounds as trade deal hopes fade, palladium hits record

14/10 Gold gained on Monday as optimism over a potential U.S.-China trade deal waned, while palladium notched an all-time high driven by short supplies of the auto-catalyst metal.. . .  Full story

France asks EDF to prepare to build 6 EPR reactors in 15 years -Le Monde

14/10 The French government has asked power utility EDF to prepare plans to construct six EPR nuclear reactors over the next 15 years, Le Monde newspaper said on its website on Monday.. . .  Full story

Ganfeng’s lithium expertise set to power Bacanora’s Mexico project

14/10 London-listed Bacanora Lithium plans a $300 million capital raise early next year and says a deal with China's Ganfeng Lithium Co Ltd puts it in a better position to raise cash than when it cancelled. . .  Full story

EU governments limit arms sales to Turkey but avoid embargo

14/10 European Union agreed on Monday to limit arms exports to Turkey over its offensive in northern Syria, prompting condemnation from Ankara, even as they stopped short of a bloc-wide embargo against a NATO ally.. . .  Full story

doValue to manage 4.3 bln euros of Alpha Bank's bad loans in Cyprus

14/10 Italy's biggest loan recovery specialist doValue said on Monday it had agreed with Greece's Alpha Bank to manage a gross 4.3 billion euro ($4.7 billion) portfolio of non-performing loans and real estate assets in Cyprus.. . .  Full story

European stocks hit pause as trade doubts linger

14/10 A three-day rally in European shares came to a halt on Monday as investors assessed the scale of progress from Friday's U.S.-China trade talks and worried that a Brexit withdrawal agreement was still some. . .  Full story

Global oil majors see surge in Indian demand for natural gas

14/10 Global oil and gas majors are looking to India, the world's third biggest oil importer, to buy some of their excess liquefied natural gas (LNG) as the South Asian nation improves its gas infrastructure. . .  Full story

Start of new European Commission likely delayed to Dec. 1 -EU officials

14/10 The launch of the new European Commission, the European Union's executive arm, is likely to be delayed by a month because the European Parliament has rejected three candidates proposed by EU governments for commissioners, several. . .  Full story

UK stocks recoil as Brexit optimism fades; buyout spurs Sophos

14/10 London-listed companies with exposure to the domestic economy retreated on Monday as last week's euphoric optimism gave way to doubts over whether a timely Brexit deal could be clinched, while cybersecurity firm Sophos surged. . .  Full story

Euro zone bond yields down from 2 1/2-month highs as caution returns

14/10 Euro zone bond yields fell on Monday as caution surrounding both Brexit and U.S.-China trade talks encouraged investors back into fixed income after a hefty selloff on Friday that sent borrowing costs to 2-1/2-month highs.. . .  Full story

Analyst numbers and company research hit by EU rule change -survey

14/10 Fewer analysts are covering British companies and the quality of their reports has declined since the introduction of European Union regulations aimed at increasing transparency in financial markets, according to a survey published on Monday.. . .  Full story

Investors seem relaxed about Portuguese politics, debt agency head says

14/10 International investors do not seem worried about political uncertainty in Portugal after the Oct. 6 election, as indicated by Portuguese yields remaining below their Spanish equivalents, the head of the state debt agency IGCP said. . .  Full story

Climate change activists target BlackRock in London

14/10 Climate activists targeted BlackRock, the world's biggest asset manager, in London on Monday, demanding that major financial institutions starve fossil fuel companies of the money they need to build new mines, wells and pipelines.. . .  Full story

Low valuations hamper bank mergers in Europe - ECB's De Guindos

14/10 Consolidation is inevitable among banks in the euro zone, but low profitability and low valuations will make this very difficult in a slowing economy, European Central Bank vice-president Luis de Guindos said on Monday.. . .  Full story

Iran urges diplomacy to lower tensions, but decries tanker incident

14/10 Iran on Monday urged regional powers to use diplomacy to reduce tensions including Yemen's war, but cautioned that an Iranian tanker damaged in the Red Sea last week had been hit by rockets and. . .  Full story

Vaping illness, deaths likely very rare beyond U.S., experts say

14/10 E-cigarette or vaping-linked lung injuries that have killed 29 and sickened more than 1,000 people in the United States are likely to be rare in Britain and other countries where the suspect products are. . .  Full story

German consumers face higher green power levy in 2020

14/10 A fee levied on German consumers to support renewable power is likely to rise by 1.5-4.6% in 2020, industry sources said on Monday, a day before power network operators are due to publish details. . .  Full story

Norway's central bank opposes tightening of mortgage lending rules

14/10 Norway's central bank said on Monday that it opposes tightening rules for mortgage lending to households, as proposed by the Financial Supervisory Authority.. . .  Full story

Britons return as Portugal's booming tourism sector shakes off slowdown fears

14/10 Portugal's booming tourism sector shook off fears of a slowdown this year, data from the National Institute of Statistics (INE) showed on Monday, with the number of British visitors on the rise after a. . .  Full story

Russian government outlines proposals on tackling oil contamination

14/10 Russian government has put forward several proposals to tackle oil contamination, including ordering pipeline monopoly Transneft to bear responsibility for oil quality and compensation for the dirty oil, the government said on Monday.. . .  Full story

Iran president says there is video footage of attack on Iranian tanker

14/10 Iran's President Hassan Rouhani said an Iranian tanker damaged in the Red Sea on Friday had been hit by at least two rockets, and there is video footage of the incident.. . .  Full story

Italy readies "web tax" in its 2020 budget -sources

14/10 Italy is readying a new tax on digital companies in its 2020 budget, as it seeks alternative revenues that will allow it to scrap a scheduled increase in sales tax, two coalition sources told. . .  Full story

Buyout firm Thoma Bravo adds Sophos to its cybersecurity chest with $3.8 bln deal

14/10 U.S. private equity firm Thoma Bravo is adding Sophos Group to its cybersecurity stable, announcing on Monday a buyout deal that values the British maker of antivirus and encryption products at about $3.8 billion.. . .  Full story

Iran to continue scaling back commitments to nuclear deal - Rouhani

14/10 Iran's President Hassan Rouhani said on Monday Tehran would continue to scale back its commitments to the 2015 nuclear agreement until the European Union fulfils promises it made under the deal.. . .  Full story

Lufthansa cabin crew union calls for Sunday strike in Frankfurt, Munich

14/10 German flight attendants' union UFO is calling for a five-hour strike on Sunday at German flag carrier Lufthansa, UFO said on Monday, in an escalating row over workers' pay.. . .  Full story

-UniCredit to apply negative rates only on deposits over 1 mln euros

14/10 UniCredit will only apply negative rates to customer deposits of more than 1 million euros ($1.1 million), the Italian bank said on Monday, clarifying comments by its CEO last week which drew angry reactions from. . .  Full story

Superdry entrusts Dunkerton with turning around fashion firm he founded

14/10 Superdry put its faith in Julian Dunkerton to get the British fashion group back on track on Monday, confirming him as chief executive until 2021, after the co-founder returned in a boardroom coup earlier. . .  Full story

UK can afford to spend more on economy - government

14/10 Britain has a strong fiscal position and, with borrowing costs at a record low, it can afford to spend more to help its economy grow, the government said on Monday.. . .  Full story

UK government sets out priorities in Queen's speech

14/10 Britain's government set out its agenda in a Queen's Speech on Monday, reaffirming its commitment to leaving the European Union on Oct. 31 and boosting spending on police, education and health before a widely. . .  Full story

Germany won't bar any 5G vendors on up-front basis - spokesman

14/10 Germany has set rules governing 5G mobile networks that will not exclude any equipment vendors on an up-front basis, government spokesman Steffen Seibert said on Monday.. . .  Full story

French energy giant Total to buy 37% stake in India's Adani Gas

14/10 French energy giant Total SA said on Monday it will buy a 37.4% stake in Indian gas distribution company Adani Gas, as it looks to capitalise on India's push for cleaner sources of energy.. . .  Full story

Aker BP shares fall after Q3 output miss

14/10 Norway's Aker BP fell short of its third-quarter oil and gas output target and will take an impairment charge of $80 million, it said on Monday, sending its shares down more than 4%.. . .  Full story