Reuters UK Business

By David Milliken and Tommy Reggiori Wilkes LONDON (Reuters) -Britain will bring cryptocurrencies under compulsory regulation, finance minister Rachel Reeves said on Tuesday as the government signalled it would cooperate closely with the United States on the best approach towards digital assets. The new draft laws will extend existing financial regulation to companies involved in …

UK sets out new rules for crypto as it aligns with US on approach Read More »

By Abhinav Parmar and Lisa Baertlein (Reuters) – United Parcel Service on Tuesday said it would slash 20,000 jobs and shut 73 facilities as part of a planned reduction in deliveries for Amazon.com, and as U.S. President Donald Trump’s tariffs roil global trade. A UPS spokesman said the layoffs are due to shedding 50% of …

UPS to cut 20,000 jobs on reduced Amazon deliveries, as US tariffs weigh Read More »

By Andrea Shalal and David Lawder WASHINGTON (Reuters) – U.S. President Donald Trump on Tuesday will soften the blow of his auto tariffs through an executive order mixing credits with relief from other levies on parts and materials, after automakers pressed their case with the administration. The changes to Trump’s 25% vehicle tariffs will provide …

Trump set to soften auto tariffs after industry pushback Read More »

By Mathias de Rozario (Reuters) -French car parts supplier Valeo said on Tuesday that 90% of the products produced by the group in Mexico and imported into the U.S. are now compliant with the United States-Mexico-Canada-Agreement (USMCA). President Donald Trump’s broad threats of tariffs and their erratic implementation have raised fears of global supply chain …

Valeo says 90% of its Mexican products shipped to US now USMCA compliant Read More »

MADRID (Reuters) -Spain and Portugal switched their power back on after the worst blackout in their history, though authorities offered little explanation for what had caused it or how they would prevent it happening again. Traffic lights were back on, train and metro services slowly returned and schools reopened. Commuters battled with delays to get …

Spain, Portugal switch back on, seek answers after biggest ever blackout Read More »

LONDON (Reuters) -Danish consumers are boycotting Coca-Cola, Carlsberg CEO Jacob Aarup-Andersen said on Tuesday, noting that the brewer, which bottles the drink in Denmark, had seen Coca-Cola volumes decline while local rivals gain share. Carlsberg, which also sells Kronenbourg beer and soft drinks like Tuborg Soda, said its Coke volumes in Denmark were “slightly down,” …

Danes boycotting US products like Coca-Cola, Carlsberg says Read More »

By Ozan Ergenay (Reuters) -Computer chip equipment maker ASM International (ASMI) said on Tuesday it expects annual sales to grow in a double-digit percentage range at constant currencies, despite increased macroeconomic uncertainty from trade tensions, after reporting quarterly orders above last year’s level. The Dutch company expects sales to grow 10% to 20% for 2025. …

ASM International expects FY sales growth of 10%-20% despite tariff uncertainty Read More »

By Abhirup Roy SAN FRANCISCO (Reuters) – Mercedes-Benz has signed a new agreement with Luminar Technologies to develop and integrate its latest lidar product, Luminar’s CEO said, shifting from a supply deal for its currently available sensors. The contract with the German auto giant is the first deal for Luminar’s smaller, more efficient Halo lidar …

Mercedes signs deal with Luminar to develop latest lidar sensors Read More »