Reuters UK Business

By Akash Sriram and Abhirup Roy (Reuters) -Tesla’s quarterly sales plunged 13% to the weakest in nearly three years, hurt by a backlash against CEO Elon Musk’s politics, rising global competition and people waiting for a refresh to its highest-selling electric vehicle Model Y. The stumbling sales during the first quarter indicate that the one-time …

Tesla quarterly sales plunge as Musk backlash grows Read More »

PARIS (Reuters) -Sales of French wine and spirits are expected to slide at least 20% in the United States after U.S. President Donald Trump announced reciprocal tariffs, the French wine and spirits exporters group FEVS said on Wednesday. Trump said the United States would impose a 20% duty on imports from the European Union. The …

French wine, spirits sales in US expected to fall 20% after tariff announcement Read More »

LONDON (Reuters) -Britain’s business secretary vowed to “remain calm” and insisted he still wants a trade deal with the United States after President Donald Trump’s decision on Wednesday to impose import tariffs of 10% on the United Kingdom. Trump said Britain would be among the countries who would face the new lowest tariff rate on …

UK vows to ‘remain calm’ and pursue trade deal after Trump’s 10% tariffs Read More »

By Alexander Marrow and Darya Korsunskaya (Reuters) -Russian President Vladimir Putin has authorised Armenian investment fund Balchug Capital to buy shares in nine major companies owned by Goldman Sachs’ Russian subsidiary, a decree published on Wednesday showed. Balchug Capital and Goldman Sachs declined to comment. Balchug Capital was given the green light to purchase Goldman …

Putin authorises sale of Russian company shares owned by Goldman Sachs Read More »

By Valentina Za MILAN (Reuters) – The European Central Bank may take further steps if it judges UniCredit has not adequately complied with demands to reduce its business in Russia, the Italian bank said in an investor document as it listed potential risks. UniCredit, Italy’s second-largest bank, said on Wednesday it would launch its 14 …

UniCredit flags risk ECB may take further steps on Russia Read More »

(Reuters) -Siemens AG said on Wednesday it will acquire U.S.-based Dotmatics for $5.1 billion from private equity firm Insight Partners to strengthen its Life Sciences portfolio. Financing for the deal would be primarily carried by share sales of listed companies, including healthcare subsidiary Siemens Healthineers, its finance chief Ralf Thomas said in a statement. Life …

Siemens to acquire Dotmatics in $5.1 billion deal in Life Science portfolio push Read More »

By Foo Yun Chee BRUSSELS (Reuters) -French engine and aircraft equipment maker Safran is set to secure conditional EU antitrust approval for its $1.8 billion bid for Collins Aerospace’s flight controls business, people with direct knowledge of the matter said on Wednesday. The deal, which Safran announced in July 2023 and its largest since its …

Exclusive-Safran to win EU approval for $1.8 billion Collins deal, sources say Read More »

By Yoruk Bahceli LONDON (Reuters) – Bond giant PIMCO has privately lent nearly $6 billion to emerging market borrowers, mostly governments, this year alone, securing higher returns and better lender protections, its head of emerging markets portfolio management said on Wednesday. That is already nearing the roughly $8.5 billion PIMCO lent last year in 27 …

PIMCO steps up private lending to emerging market governments Read More »