Reuters UK Business

PARIS (Reuters) – Bernard Arnault, France’s wealthiest man and chief executive of luxury group LVMH, paid some 150 million euros ($163 million) to be the premium sponsor of the Paris Olympics’. At the Games’ opening ceremony, his wares were placed front and centre of an extravaganza viewed by a global audience. Grammy-winner Lady Gaga delivered …

LVMH’s luxury wares earn top billing at Olympics opening Read More »

By Tim Hepher, Allison Lampert and David Shepardson FARNBOROUGH, England (Reuters) – Germany’s Lilium Jet has a queue of young engineers and students waiting to board thanks to the interest of a five-year-old boy. The futuristic flying taxi is one of many high-tech projects on display as the Farnborough Airshow turns its attention to the …

Struggle for skilled workers in spotlight at Farnborough Airshow Read More »

LONDON (Reuters) – Macquarie Asset Management will buy out the 20% of Britain’s National Gas that it does already own, the investment company said on Friday without disclosing financial details. The purchase from National Grid is expected to be completed by the first quarter next year, subject to regulatory approval. National Gas owns and operates …

Macquarie to acquire remaining stake in UK’s National Gas Read More »

By Sheila Dang (Reuters) – The Paris Olympics will be a showcase of generative AI for American viewers but European audiences won’t see a similar approach, a contrast that reflects how global media companies are deliberating over the use of the technology. Comcast’s NBCUniversal is diving into AI for its U.S. broadcast of the Games, …

Paris Olympics broadcasters diverge on AI approach Read More »

By Kirstin Ridley and Sinead Cruise LONDON (Reuters) – Barclays, NatWest and Lloyds are among seven banks to share customer data with the National Crime Agency (NCA) in the largest project of its kind worldwide to tackle criminal gangs, money laundering and “dirty money” flowing through the country. Reuters revealed one year ago that more …

Seven banks share data with UK law enforcement in ‘dirty money’ crackdown Read More »

(Reuters) -Germany’s Merck on Friday raised its forecast for the group, mainly driven by a strong operating performance at its healthcare and electronics units. The maker of pharmaceuticals, lab gear and specialty chemicals now expects net sales to be between 20.7 billion euros ($22.49 billion) and 22.1 billion euros for 2024. The healthcare unit’s performance …

Germany’s Merck raises 2024 forecast on healthcare, electronics units’ performance Read More »

FRANKFURT (Reuters) -The European Central Bank still faces a tough “last mile” in its fight against high inflation, as evidenced by stubbornly high growth in the prices of services, ECB board member Isabel Schnabel said in an interview published on Friday. Schnabel, the most influential among the hawkish policymakers who drove the ECB’s steepest ever …

ECB’s Schnabel still sees tough ‘last mile’ in inflation fight Read More »

By Mathieu Rosemain LONDON (Reuters) – When acquisitive Czech billionaire Daniel Kretinsky set his eyes earlier this year on one of Britain’s most iconic companies, the Royal Mail, he chose BNP Paribas along with two Wall Street giants to advise him. The 3.57 billion pound ($4.63 billion) takeover of Royal Mail’s owner still needs UK …

Analysis-BNP Paribas aims at ‘usual suspect’ status in hard-to-crack UK market Read More »

MILAN (Reuters) – An Italian unit of Amazon is being investigated by Milan prosecutors for suspected tax evasion, two sources said on Friday, but the inquiry was not linked to a multi-million euro seizure from another of the group’s Italian units this week. Italy’s tax police on Tuesday seized some 121 million euros ($131 million) …

Amazon under second investigation in Milan for tax evasion, sources say Read More »