Reuters UK Business Archives - Page 123 of 3179

BETA Technologies taps Near Earth to accelerate autonomous aircraft development

20 Nov 2025 20 Nov 2025

By Dan Catchpole and Shivansh Tiwary (Reuters) -Electric aircraft maker BETA Technologies said on Thursday it is partnering with Near Earth Autonomy to develop uncrewed aircraft for the military, with flight testing slated to begin in the first half of 2026. Development and full demonstration of the autonomous system should take up to a year …

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Another fire ignites at Ford aluminum supplier Novelis

20 Nov 2025 20 Nov 2025

By Nora Eckert (Reuters) -Another fire ignited on Thursday at Novelis’ aluminum plant in Oswego, New York, that supplies Ford’s lucrative F-150 truck line, about two months after a blaze halted much of the facility’s production. Ford in October cut its profit forecast, citing a gross hit of up to $2 billion from the incident. …

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Motor racing-CrowdStrike founder Kurtz buys into Mercedes F1 team

20 Nov 2025 20 Nov 2025

By Alan Baldwin LONDON (Reuters) -CrowdStrike founder and chief executive George Kurtz has bought into the Mercedes Formula One team by taking 15% of the one-third stake held by principal Toto Wolff, both parties announced on Thursday. No financial details were given for the personal acquisition but media reports last week said the deal valued …

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Bosnia, US eye pipeline to cut Russian gas dependency

20 Nov 2025 20 Nov 2025

By Daria Sito-Sucic SARAJEVO (Reuters) -U.S. and Bosnian officials have discussed ways to speed up a long-delayed project to build a natural gas pipeline with Croatia that is seen as an alternative to Russian gas, the U.S. Embassy in Sarajevo said in a statement on X on Thursday. The officials also agreed in principle that …

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Renk targets revenue surge by 2030

20 Nov 2025 20 Nov 2025

(Corrects mistranslated quote in final paragraph to show that Sagel said the company did not ‘participate from an economic point of view’ in the war in Ukraine, not that the company has not profited directly from the war, and removes other references to the original translation) (Reuters) -Tank gearbox maker Renk aims to nearly triple …

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EU agrees to harmonise EU insolvency laws to enhance cross-border investments, capital markets

20 Nov 2025 20 Nov 2025

By Jan Strupczewski BRUSSELS (Reuters) -European Union governments and the European Parliament have reached agreement on harmonising the 27-nation bloc’s insolvency laws to make it easier to invest across the EU and create a more liquid EU capital market, the EU Council said in a statement. Work on harmonising some key aspects of the 27 …

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Telefonica, UEFA sign four-season broadcasting rights deal for $1.68 billion per season

20 Nov 2025 20 Nov 2025

MADRID (Reuters) -Telefonica and UEFA signed a deal worth 1.46 billion euros ($1.68 billion) a season for the broadcasting rights in Spain over four seasons starting in 2027 of the Champions League and Europa League tournaments, the Spanish telecoms group said on Thursday. The deal also includes rights for the Conference League and the Super …

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ASML launches technical academy in Phoenix to train in-demand engineers

20 Nov 2025 20 Nov 2025

By Max A. Cherney PHOENIX (Reuters) -Chip equipment maker ASML on Thursday launched a technical academy in Phoenix to train engineers to service the Dutch company’s complex chipmaking machines. Located within a few minutes of the Phoenix airport, the facility is designed to train more than 1,000 engineers a year to repair and service ASML’s …

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German cartel office may open proceedings against SAP, WiWo reports

20 Nov 2025 20 Nov 2025

BERLIN (Reuters) -Germany’s cartel office is considering initiating proceedings against SAP for obstructing third-party providers after a complaint from software firm Celonis about data stored in SAP systems, magazine WirtschaftsWoche (WiWo) reported on Thursday. “We can confirm that we have received a complaint from Celonis,” the magazine quoted the cartel office as saying in a …

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UK fraud office probes $28 million cryptocurrency collapse

20 Nov 2025 20 Nov 2025

(Reuters) -The UK’s Serious Fraud Office said on Thursday it was investigating the collapse of a $28 million cryptocurrency scheme, urging investors to step forward after two men were arrested on suspicion of fraud and money laundering. In its first major crypto investigation, the SFO said Basis Markets had raised  cash from  two public fundraisers …

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