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France must spend more on defence, and faster, French finance minister says
PARIS, March 4 (Reuters) - France must spend more on defence and faster, French Finance Minister Eric Lombard said on Tuesday, amid calls for European countries to step up more on defence as Washington threatens to pull back.Reuters
Tue, Mar 4
Continental to analyse Mexico, Canada sites as U.S. tariffs take effect
March 4 (Reuters) - German tire and car parts maker Continental CONG.DE said on Tuesday it will analyse its sites in Mexico and Canada and then make a decision on their future as U.S. tariffs on goods from those countries take effect. Continental has factories in Mexico, Canada and the United States...Reuters
Tue, Mar 4
Direct Line's top line and margins improve despite customer outflows
By Aidan GregoryMarch 4 - (The Insurer) - Direct Line Group grew its gross written premium by 25.3% in 2024 as the UK home and motor insurer’s turnaround under CEO Adam Winslow gathered momentum despite an outflow of motor insurance customers.In its 2024 annual results statement on Tuesday, Direct L...Reuters
Tue, Mar 4
EU defence plans could mobilise 800 billion euros, von der Leyen says
BRUSSELS, March 4 (Reuters) - New EU plans to strengthen Europe's defence industry and increase military capabilities could mobilize close to 800 billion euros ($841.4 billion), EU Commission President Ursula von der Leyen said on Tuesday.The EU will propose to give member states more fiscal spa...Reuters
Tue, Mar 4
Russia-Ukraine uncertainty continues to hang over Lloyd’s syndicate forecasts
By Michael JonesMarch 4 - (The Insurer) - Reserve uncertainty around Russia-Ukraine lessor claims has continued to affect Lloyd’s syndicate forecasts for Atrium 609, Dale 1729 and Tokio Marine Kiln 510, according to Argenta Holdings disclosures.Atrium 609 has kept its 2021 year of account open due u...Reuters
Tue, Mar 4
Hungarian Foreign Minister Szijjarto to meet U.S Secretary of State Rubio
BUDAPEST, March 4 (Reuters) - Hungarian Foreign Minister Peter Szijjarto is going to meet U.S. Secretary of State Marco Rubio in Washington later on Tuesday, a Hungarian government spokesperson said on X.Spokesperson Zoltan Kovacs also said that the talks, which begin at 1600 GMT, are going to focu...Reuters
Tue, Mar 4
Thales soars as 2024 earnings beat forecasts on defence spending
Thales' defence growth outpaces aerospace and cyber gainsCEO Caine cites geopolitical instability driving defence investments2025 forecast: sales growth 5-6%, orders to outpace salesBy Tim Hepher PARIS, March 4 (Reuters) - Shares in France's Thales TCFP.PA jumped more than 11% on Tues...Reuters
Tue, Mar 4
Volvo Cars total sales rise 1% in February, EV sales fall
COPENHAGEN, March 4 (Reuters) - Volvo Cars VOLCARb.ST sold 50,662 cars in February, up 1% from a year earlier, the Sweden-based company said on Tuesday, as sales of its electric vehicles declined for the month.Volvo Cars, which is majority-owned by China's Geely Holding, said in a statement sales...Reuters
Tue, Mar 4
ADVISORY-Alert on contract for CIF Enduring Assets Fund withdrawn
March 4 (Reuters) - Please ignore alert on CIF Enduring Assets Fund being awarded a contract. The alert was published in error from a press release published by an unrelated company and will be withdrawn. STORY_NUMBER:FWN3PN0ECSTORY_TIME:[08:00:14]Reuters
Tue, Mar 4
Stellantis welcomes EU announcement on softening of carbon emission targets
MILAN, March 4 (Reuters) - Automaker Stellantis STLAM.MI said on Tuesday it welcomed the European Commission's announcement from a day earlier that it would propose a softening of the bloc's carbon emission targets for car fleets.Reuters
Tue, Mar 4
Convex 1984 launch continues heightened momentum for Names capital
By Ryan HewlettMarch 4 - (The Insurer) - The upcoming launch of Convex Group’s Syndicate 1984 marks the latest in a string of Lloyd’s platforms seeking to access third-party capital, with members’ agents doubling down on the market opportunity for both existing and prospective Names.London-Bermuda s...Reuters
Tue, Mar 4
UK says engaging with allies to secure peace in Ukraine after US pauses aid
LONDON, March 4 (Reuters) - Britain said on Tuesday it was committed to securing a lasting peace in Ukraine and it was engaging with its allies after U.S. President Donald Trump paused military aid to Kyiv."We remain absolutely committed to securing a lasting peace in Ukraine and are engaging wi...Reuters
Tue, Mar 4
Japan trade minister Muto to visit US for tariff exemption, Asahi says
TOKYO, March 4 (Reuters) - Japan's Economy, Trade and Industry Minister Yoji Muto is expected to visit the United States as early as March 10 to meet U.S. Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer, the Asahi newspaper reported on Tuesday citing multiple sourc...Reuters
Tue, Mar 4
Beazley posts FY combined ratio of 79%, top line hits $6.16 billion
By Ryan HewlettMarch 4 - (The Insurer) - Beazley reported an undiscounted combined ratio of 79% in its annual results announcement on Tuesday, with the London-listed carrier disclosing an initial loss estimate for January’s California wildfires in the region of $80 million.Profit before tax increase...Reuters
Tue, Mar 4
Euro zone bond yields fall as U.S. tariffs take effect
LONDON, March 4 (Reuters) - Euro zone bond yields fell in early trading on Tuesday as traders reacted to U.S. President Donald Trump's new 25% tariffs on imports from Mexico and Canada taking effect and duties on Chinese goods doubling.
Reuters
Tue, Mar 4
France must spend more on defence, and faster, French finance minister says
PARIS, March 4 (Reuters) - France must spend more on defence and faster, French Finance Minister Eric Lombard said on Franceinfo on Tuesday, adding that to be able to do that, France will have to "make efforts" elsewhere.Reuters
Tue, Mar 4
Ukrainian lawmaker says Trump military aid pause looks like attempt to push Kyiv towards capitulation
KYIV, March 4 (Reuters) - U.S. President Donald Trump's pause of all military aid to Ukraine looks like he is trying to push Kyiv towards capitulation on Russia's terms, a senior Ukrainian lawmaker said on Tuesday."To stop aid now means to help (Russian President Vladimir) Putin," Oleksandr...Reuters
Tue, Mar 4
Lloyd’s safeguarding data to avoid conflict of interest ahead of Neal’s Aon move
By Scott VincentMarch 4 - (The Insurer) - Lloyd’s is taking steps to ensure sensitive information related to market participants is appropriately safeguarded while CEO John Neal serves out his notice, according to sources close to the Corporation.Neal’s planned exit to join Aon as CEO of global rein...Reuters
Tue, Mar 4
US military aid to Ukraine stopped in early hours of Tuesday, source says
KYIV, March 4 (Reuters) - U.S. military aid to Ukraine stopped in the early hours of Tuesday, a source familiar with the situation told Reuters.The source said that the deliveries heading to Ukraine were stopped around 3:30 a.m. (0130 GMT).Reuters
Tue, Mar 4
