Reuters UK Business Archives - Page 1066 of 3179

BMW to integrate DeepSeek AI in its new vehicles in China later this year

23 Apr 2025 23 Apr 2025

SHANGHAI (Reuters) – German automaker BMW plans to start integrating artificial intelligence from Chinese startup DeepSeek in its new models in China from later this year, CEO Oliver Zipse said at the Shanghai auto show on Wednesday. “Key advances in AI are happening here. We are strengthening AI partnerships for integration in our vehicles in …

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Cantor nears $3 billion crypto venture with SoftBank and Tether, FT reports

23 Apr 2025 23 Apr 2025

(Reuters) -Brandon Lutnick, son of U.S. Commerce Secretary Howard Lutnick and chair of brokerage Cantor Fitzgerald, is partnering with SoftBank, Tether and Bitfinex to create a multibillion-dollar bitcoin acquisition vehicle, the Financial Times reported on Tuesday. The vehicle, Cantor Equity Partners, will use the cash to create a new firm, called 21 Capital. It will …

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UK employer pay rises hold at 3%, Brightmine says

23 Apr 2025 23 Apr 2025

LONDON (Reuters) -Pay increases granted by British employers stayed at 3% in the three months to March, according to figures from human resources data firm Brightmine that are likely to be welcomed by the Bank of England. It marked the fourth consecutive rolling quarter of pay awards at that level, and the joint lowest pace …

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Brazil’s Embraer ends Q1 with backlog at $26.4 billion

23 Apr 2025 23 Apr 2025

SAO PAULO (Reuters) – Brazilian planemaker Embraer said on Tuesday its order backlog ended the quarter through March at $26.4 billion, up 25% from a year earlier, according to a securities filing. (Reporting by Andre Romani; Editing by Kylie Madry)

Baker Hughes flags tariff impact on full-year core profit

23 Apr 2025 23 Apr 2025

(Reuters) -U.S. oilfield technology firm Baker Hughes on Tuesday flagged a potential impact on its annual core profit of between $100 million and $200 million due to tariffs. U.S. President Donald Trump’s trade policy has heightened uncertainty in the energy industry, as the ensuing trade war is expected to curb global economic growth and, subsequently, …

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Boeing to sell Jeppesen unit to Thoma Bravo for $10.6 billion

23 Apr 2025 23 Apr 2025

By Milana Vinn NEW YORK (Reuters) -Boeing said on Tuesday it would sell portions of its Digital Aviation Solutions business, including navigation unit Jeppesen, to private equity firm Thoma Bravo for $10.55 billion. The U.S. planemaker will retain the core digital capabilities from the business that harness aircraft and fleet-specific data to provide commercial and …

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FX firm Argentex shares suspended after volatility-induced margin calls

22 Apr 2025 22 Apr 2025

LONDON (Reuters) -Shares of British currency risk management company Argentex were suspended from trading on Tuesday after the company said its liquidity had significantly worsened due to the sharp fall in the U.S. dollar. Argentex, one of the financial firms hurt by the recent market turbulence, said it was considering several options for the business. …

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Bitcoin rises 5% above $91,000

22 Apr 2025 22 Apr 2025

(Reuters) -Bitcoin, the world’s largest cryptocurrency, rose 5.01% to $91,713.49, after earlier breaking through the $90,000 for the first time since March as U.S. President Donald Trump’s trade policies have rocked global markets. (Reporting by Hannah Lang in New York)

Elliott wants BP to boost free cash flow to $20 billion by 2027, source says

22 Apr 2025 22 Apr 2025

By Shadia Nasralla (Reuters) -Activist investor Elliott Management has urged BP to boost its free cash flow to $20 billion by 2027 from around $8 billion last year through significant spending cuts and cost reductions, a source familiar with the situation said on Tuesday. Elliott has increased its stake in BP to just over 5% …

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EU looking at options to forbid new Russian gas contracts, source says

22 Apr 2025 22 Apr 2025

By Kate Abnett BRUSSELS (Reuters) -The European Commission is assessing whether it could legislate to forbid firms in the European Union from signing new contracts for Russian fossil fuels, a senior EU official said on Tuesday. It is also working on legal options to allow EU companies to break existing gas supply contracts with Russia …

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