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EU needs Polish, Hungarian OK for EU budget by tomorrow, or move to Plan B

BRUSSELS (Reuters) - The European Union needs a signal from Poland and Hungary on Monday or Tuesday they will withdraw their veto to the EU budget and recovery fund or it will have to set up the recovery fund without the two countries, a senior EU diplomat said. "We need to have an agreement by Hungary and Poland until today or tomorrow....

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India shares higher at close of trade; Nifty 50 up 0.73%

Investing.com – India equities were higher at the close on Monday, as gains in the Fast Moving Consumer Goods, Public Sector Undertakings and Healthcare sectors propelled shares higher. At the close in NSE, the Nifty 50 gained 0.73% to hit a new all time high, while the BSE Sensex 30 index added 0.77%. The biggest gainers of the session on the...

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StockBeat: Brexit Hiccup Awaits Complacent Markets

By Geoffrey Smith  Investing.com -- European investors have been pressing the snooze button on their Brexit alarm clocks for four years now. However, they will have to wake up this week, and markets are already showing the first signs that that is happening. The FTSE 250, the more domestically-focused of the two benchmark U.K. indices, was the biggest loser in western Europe on...

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Rolls-Royce kicks off disposal plan with nuclear instrument sale

LONDON (Reuters) - Britain's Rolls-Royce (LON:RR) said on Monday it had signed a deal to sell its civil nuclear instrumentation and control business for an undisclosed sum, kicking off a plan to raise 2 billion pounds ($2.65 billion) from disposals to recover from the pandemic. Rolls-Royce said in a statement that it was selling the business, which has operations in France,...

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Daily Briefing: “Le crunch”

By Julien Ponthus and Sujata Rao With England beating France in extra time in "le crunch" rugby game on Sunday, British diplomats will be hoping for another win while playing away in Brussels this morning. Post-Brexit trade talks continue but with a EU summit scheduled for Thursday, time is running out to...

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Romanian leftist Social Democrats take lead in parliamentary vote

By Luiza Ilie BUCHAREST (Reuters) - Romania's opposition Social Democrats (PSD) have taken the lead in Sunday's national election, seen as pivotal for the country's future in the European mainstream, according to a preliminary independent count, but are unlikely to form the next government. The PSD, which rode a wave of voter discontent over the coronavirus pandemic and the minority Liberal government's...

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Analysis: Christmas and Brexit double bill put strain on UK supermarkets

By James Davey LONDON(Reuters) - For Britain's supermarket groups Christmas 2020 will be like noother, with the challenge of unprecedented demand due tothe COVID-19 crisis followed by the risk of disruption tosupplies at the end of the Brexit transition period on Dec. 31. Queues are already forming outside UK supermarkets at peak times and shoppers should expect them to lengthen in...

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LG shakes up loss-making phone business, to outsource lower-end models

SEOUL (Reuters) - LG Electronics said on Monday it had reorganised its mobile phone division to increase outsourcing of its low to mid-end smartphones, which analysts said represented an attempt to cut costs and compete with Chinese rivals. LG's mobile communications business, which has reported an operating loss for 22 consecutive quarters, has created a new management title for original design...

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