UK manufacturers urge Prime Minister Theresa May to drop threat of no Brexit deal

LONDON  - Britain's manufacturers told Prime Minister Theresa May on Monday to drop her threat that she might take the country out of the European Union without a new trade deal, saying they would bear the brunt of trade barriers with the EU.

May plans to trigger the two-year Brexit process on Wednesday and she has warned the other 27 EU countries that no dea

EXCLUSIVE - EIB asks French diesel inquiry to probe Renault's use of loans

By Laurence Frost and Gilles Guillaume

PARIS  - The European Investment Bank has asked French investigators to find out whether 800 million euros ($863 million) of EU-backed loans to Renault could have been used to develop test-cheating diesel engines, according to documents seen by Reuters.

The European Union lending arm wrote to judges leading a fraud

Global Economy Weekahead - Britain to fire starting gun on Brexit talks

By Padraic Halpin

DUBLIN  - The nine-month Brexit "phoney war" is set to come to an end next week when British Prime Minister Theresa May notifies the European Union of Britain's intention to leave, starting two years of unprecedented negotiations.

May will send a letter to European Council President Donald Tusk on Wednesday to trigger Art

Greece to support Rome EU declaration, but wants backing on labour reforms

By Renee Maltezou

ATHENS  - Greece will support a declaration marking the European Union's 60th birthday but needs the bloc's backing against International Monetary Fund demands on labour reforms, Greek Prime Minister Alexis Tsipras said ahead of an EU Summit in Rome.

In a letter addressed to EU Council President Donald Tusk and European Commiss

UK retail sales suffer biggest three-monthly drop since 2010 as fuel costs bite

British retail sales in the three months to February recorded their biggest slide in nearly seven years as higher fuel prices eroded shoppers' disposable income, official data showed on Thursday.

British inflation is starting to climb rapidly in the wake of the hefty slide in sterling seen after June's vote to leave the European Union - something economists expect to eat into

Greece eyes bailout deal with lenders within April

ATHENS  - Greece said on Wednesday it hopes for a deal with its international lenders within the month of April and is working to bridge differences on labour, pension and energy reforms.

The onus for an agreement was not only on the Greek government, but on its European Union and International Monetary Fund lenders too, government spokesman Dimitris Tzanakopoulo

Leaving European Union without deal would damage UK non-financial services - committee

By Kylie MacLellan

LONDON - Failing to reach a comprehensive free trade deal with the European Union risks significant damage to Britain's trade in non-financial services, a committee of members of the upper house of parliament said in a report published on Wednesday.

While much attention has been on safeguarding the interests of Britain's financial

Goldman to move hundreds of staff from London pre-Brexit - Europe CEO

By Anjuli Davies

LONDON - Goldman Sachs will begin moving hundreds of people out of London before any Brexit deal is struck as part of its contingency plans for Britain leaving the European Union, the Wall Street firm's Europe CEO said.

"We are going to start to execute on those contingency plans," Richard Gnodde, chief executive officer of Gol

EU leaders to meet for special Brexit summit on April 29 - EU's Tusk

By Waverly Colville

BRUSSELS  - The European Union's 27 leaders will meet on April 29 to agree their negotiating lines for Brexit talks after London sends in a formal notification that it wants to leave the bloc, the chairman of the summit, Donald Tusk, said on Tuesday.

The meeting is a necessary step before the negotiations between Britain and the

Britain's Theresa May to launch EU divorce proceedings on March 29

By William James, Elizabeth Piper and Gabriela Baczynska

LONDON/BRUSSELS - Prime Minister Theresa May will trigger Britain's divorce proceedings with the European Union on March 29, launching two years of negotiations that will reshape the future of the country and Europe.

May's government said her permanent envoy to the EU had informed European Coun

Sterling slips after as date is set for Brexit trigger

By Ritvik Carvalho and Jemima Kelly

LONDON - Sterling fell from a three-week high against the dollar on Monday, on the news Prime Minister Theresa May will trigger Britain's divorce proceedings with the European Union on March 29, launching two years of negotiations.

May's government said her permanent envoy to the EU had informed European Council Pr

Britain's FTSE rises to record close after Article 50 trigger date set

By Kit Rees and Helen Reid

LONDON  - Britain's top share index inched higher to set a record closing level on Monday, as falling energy stocks and banks were outweighed by rising consumer staples stocks.

The blue chip FTSE 100 index was up 0.1 percent, slipping from the record 7,447.00 points reached in the previous session, but reaching a record cl

CORRECTED - Global Economy Weekahead: Three votes down - now for the French

By Jeremy Gaunt

LONDON  - Americans angry with their lot elected the anti-establishment Donald Trump despite a U.S. economy running at an annual rate of around 3.5 percent and unemployment at a meagre 4.6 percent.

Britons believing they were being left hanging voted to leave the wealthy European Union trading bloc regardless of an economy gaining a rela

Air France-KLM, 10 other airlines hit with 776 mln euro EU fine

By Foo Yun Chee

BRUSSELS - Air France-KLM , British Airways  and nine other airlines were hit with a 776 million euro ($835.5 million) fine by EU antitrust regulators on Friday for taking part in an air cargo cartel more than a decade ago.

The European Commission re-imposed the penalties after Europe's second highest court in 2015 annulled the EU ex

Global economy weekahead: Three votes down - now for the French

By Jeremy Gaunt

LONDON  - Americans angry with their lot elected the anti-establishment Donald Trump despite a U.S. economy running at an annual rate of around 3.5 percent and unemployment at a meagre 4.6 percent.

Britons believing they were being left hanging voted to leave the wealthy European Union trading bloc regardless of an economy gaining a rela

Britain would be foolish to leave European Union without deal says law specialist

By Kirsten Donovan

LONDON - Britain would be foolish to walk away from the European Union without an agreed deal, an EU law specialist said on Wednesday, despite Brexit minister David Davis saying earlier that such a scenario would not be as frightening as some people think.

Speaking in the Reuters Global Markets Forum, Michael Dougan, Professor of European

European Union capitalising on free-trade interest amid gloom over Trump policies

By Martin Petty and Neil Jerome Morales

MANILA - The European Union is seeing increased impetus around the world to move forward with Free Trade Agreements (FTA) with the bloc, which will make the most of uncertainty over the outlook for U.S. trade policy, the EU's trade envoy said on Friday.

The EU was close to finishing or implementing FTAs with Japan,

European Union and ASEAN agree to put free trade pact back on agenda

By Neil Jerome Morales

MANILA  - The European Union and the Association of Southeast Asian Nations said on Friday the two blocs would try to revive plans for a Free Trade Agreement (FTA) between them, as European countries look to tap the region's strong growth.

The EU and 10-nation ASEAN launched talks towards a pact in 2007 but abandoned the proce

INSIGHT: Builders turn to bolt-together homes in Brexit Britain

The prospect of Brexit choking off the supply of EU workers is reshaping Britain's homebuilding industry, with big companies increasingly looking to factory-manufacture houses in sections that can be slotted together on-site with minimal labour.

Many of Britain's leading housebuilders, including Berkeley, Taylor Wimpey, Persimmon and Your Housing, told Reuters they were either

European Union leaders set to reject protectionism in contrast to Donald Trump

BRUSSELS - European Union leaders are expected to encourage the bloc on Thursday to strike more free trade agreements and reject rising protectionist views, such as those of new U.S. President Donald Trump.

The leaders will not name Trump in a statement due to be issued after their summit meeting, but the message will stand in clear contrast to the U.S. president, who

UK ups economic growth forecast for 2017, sees slower growth after

LONDON  - Britain has raised its official forecasts for economic growth for 2017 but lowered them for the following three years, finance minister Philip Hammond said on Wednesday in Britain's first full budget since the referendum decision to leave the European Union.

The Office for Budget Responsibility forecast gross domestic product would grow by 2 percent

EU states agree slightly higher budget on migration, jobs

BRUSSELS  - European Union nations agreed a slightly revised long-term budget for the bloc on Tuesday, including backing nearly 4 billion extra to deal with migrant flows and border controls.

The deal was reached after Rome withdrew a veto that former Prime Minister Matteo Renzi had threatened in October in a bid to obtain more support from EU partners in managin

Signs of slowdown grow as Britain gears up to trigger EU divorce

By Andy Bruce and William Schomberg

LONDON - British consumers are feeling the strain of rising prices caused by last year's Brexit vote, suggesting the economy is heading for a slowdown just as London gears up for divorce talks with the European Union, surveys and data showed on Tuesday.

After helping the economy withstand the immediate Brexit shock las

Poll - UK consumers to feel the pinch as inflation outpaces wage rises

By Jonathan Cable

LONDON - British wage growth won't keep up with soaring inflation this year, according to economists in a Reuters poll who were concerned a consumer spending slowdown was underway.

Shoppers have been one of the main drivers of economic growth since Britain voted in June to leave the European Union and any signs they are reining in

Private consumption drives euro zone Q4 economic growth

BRUSSELS  - Household consumption and a rebound in investment drove economic growth in the euro zone in the last three months of last year, data from the European Union's statistics office Eurostat showed on Tuesday.

Eurostat confirmed its earlier estimate that the economy of the 19 countries sharing the euro grew 0.4 percent quarter-on-quarter and 1.7 percen