Reuters UK Business

LONDON (Reuters) -London department store Harrods said on Thursday hackers had attempted to break into its systems, the third high-profile cyber attack on a UK retailer in two weeks, following incidents at Marks & Spencer and the Co-op Group. British companies, public bodies and institutions have been hit by a wave of cyber attacks in …

Harrods is latest British retailer to be hit by cyber attack Read More »

By Sheila Dang HOUSTON (Reuters) -The International Chamber of Commerce has scheduled a hearing in Exxon Mobil’s arbitration dispute over rival Chevron’s planned acquisition of oil producer Hess for May 26, according to two sources familiar with the matter.  The hearing will take place in London, according to a third source.  The battle between Exxon …

Court hearing in Exxon’s dispute over Chevron-Hess deal set for May 26, sources say Read More »

By Juveria Tabassum (Reuters) – Kohl’s said on Thursday it had fired CEO Ashley Buchanan after an investigation found he had pushed for deals with a vendor with whom he had a personal relationship, after little more than 100 days in the CEO job. Buchanan engaged in transactions with this person’s company on “highly unusual …

Kohl’s fires new CEO for personal relationship with a vendor Read More »

By Eric Onstad and Pavel Polityuk LONDON/KYIV (Reuters) -The financial payoff from a new minerals deal between Ukraine and the U.S. is likely to take a decade or longer as investors face many hurdles to getting new mines into production in the war-ravaged country. Developing mines that produce strategically important minerals in countries with established …

Analysis-US, Ukraine may wait decade or more to see revenue from minerals deal Read More »

By David Shepardson WASHINGTON (Reuters) – A Michigan-based economic consulting group said on Thursday that automakers will still face a $2,000 to $12,000 tariff impact per vehicle despite the White House moving to soften trade levies on imported auto parts. Anderson Economic Group said U.S. assembled vehicles like Honda’s Civic and Odyssey, the Chevy Malibu, …

Automakers could still face up to $12,000 impact per car from tariffs Read More »

(Reuters) -LVMH group’s wine and spirits business Moet Hennessy will shrink its workforce by more than 10%, about 1,200 employees, the Financial Times reported on Thursday, citing an internal video message from the division’s CEO, Jean-Jacques Guiony. Guiony and his deputy, Alexandre Arnault, son of LVMH owner Bernard Arnault, told staff at Moet Hennessy this …

LVMH’s Moet Hennessy to cut workforce by 10%, FT reports Read More »

By Nathan Gomes (Reuters) – Harley-Davidson on Thursday warned of a hit to its full-year results from tariffs and suspended its 2025 forecasts as the motorcycle maker expects a bumpy ride due to U.S. President Donald Trump’s trade policies. The company, which had previously projected a flat to 5% decline in annual per-share profit, took …

Harley-Davidson warns of tariff hit, pulls 2025 outlook Read More »