Reuters UK Business

PARIS (Reuters) -Renault Group supports demands by several automotive suppliers to introduce EU-wide rules on local sourcing to protect them from Chinese competition, the French automaker’s CEO told Reuters. But its support depends on a broadening of the definition of so-called Local Content Requirements, he added. Several suppliers have called for 80% mandatory local content …

Renault CEO backs new EU rules on sourcing local parts, but seeks broader definition Read More »

(Reuters) -Shares in European arms makers fell for a second day on Monday as the U.S. and Ukraine were set to continue work on a plan to end the war with Russia. In a joint statement released after talks in Geneva on Sunday between U.S. and Ukrainian delegations, the two sides said they had drafted …

European defence stocks selloff deepens on Ukraine peace talks Read More »

By Elena Fabrichnaya and Gleb Bryanski MOSCOW (Reuters) -Artificial intelligence will bestow vast influence on a par with nuclear weapons to those countries who are able to lead the technology, giving them superiority in the 21st Century, one of Russia’s top AI executive told Reuters. Alexander Vedyakhin, First Deputy CEO of Sberbank, which has evolved …

New AI club will bestow nuclear-like power on the winners, Russia’s top AI executive says Read More »

(Reuters) -M&C Saatchi lowered its annual profit and revenue outlook on Monday, after the U.S. government shutdown hit a significant business for the British advertising group during the fourth quarter. Trading in the second half was hit by the longest government shutdown in U.S. history, hurting the company’s Issues business, which focuses on communications related …

Ad group M&C Saatchi warns of profit hit from US shutdown Read More »

PARIS (Reuters) -French supermarket group Casino, which is owned by Czech billionaire Daniel Kretinsky, said its majority shareholder was starting talks with creditors to restructure 1.4 billion euros ($1.6 billion) of debt. It was also offering to guarantee a capital increase of 300 million euros to fund its plan for a recovery by 2030. The …

Kretinsky-led consortium offers to back 300 million euros capital increase for France’s Casino Read More »

By Melanie Burton and Scott Murdoch MELBOURNE (Reuters) -BHP should move on from Anglo American and focus on its growth strategy, investors said on Monday, after the Australian company’s last-minute appeal to the London-listed firm that is nearing a $60 billion tie-up with Canada’s Teck Resources. The world’s largest miner reached out to Anglo’s board …

BHP must get over Anglo, focus on growth projects, investors say Read More »