Reuters UK Business

By Francesca Landini and Giuseppe Fonte MILAN (Reuters) -Italian gas grid operator Snam said on Friday it has scrapped plans to acquire a minority stake in Germany’s largest independent gas transmission firm, amid resistance from the German economy ministry. Berlin’s concerns over the 920-million-euro ($1.1 billion) transaction stem from the presence of China’s State Grid …

Italy’s Snam scraps German gas deal amid Berlin’s concern over China Read More »

By Iain Withers and Tommy Reggiori Wilkes LONDON (Reuters) -The explosion in the value of artificial intelligence stocks poses risks to global markets for which there is “no playbook”, the CEO of Deutsche Bank’s 1.1 trillion euro ($1.3 trillion) money manager DWS told Reuters, amid growing concerns that the sector is in a bubble. The …

‘No playbook’ for AI bubble fears, says Deutsche Bank investment arm CEO Read More »

By Iain Withers and Tommy Reggiori Wilkes LONDON (Reuters) -Executives at DWS, one of Europe’s largest money managers, are thinking through the potential impacts in the unlikely event that the U.S. Federal Reserve limits access to dollar funding, the firm’s CEO told Reuters.  Any move to cross that “red line” would have a big impact …

Top asset manager DWS warns of global risks if US restricts dollar access Read More »

By Matt Tracy (Reuters) -Oracle bonds have taken a hit in recent days following a report that the cloud and artificial intelligence service provider plans to add another $38 billion to its heavy debt load to fund its AI infrastructure, according to analysts and investors. Oracle has invested billions of dollars to build its cloud …

Oracle bonds sell off as AI investment fuels investor concerns Read More »

BRUSSELS (Reuters) -SAP has offered to make it easier for customers to switch to rival software, clarify the basis for its fees, and abolish its reinstatement fee as part of concessions proposed to settle an EU antitrust probe, the European Commission said on Friday. The remedies, which Reuters reported earlier this month were on the …

SAP has offered concessions to settle EU antitrust probe, Commission says Read More »

By Jacob Gronholt-Pedersen and Stine Jacobsen COPENHAGEN (Reuters) -Newly-elected chairman of Wegovy-maker Novo Nordisk, Lars Rebien Sorensen, said on Friday he plans to enhance the board’s pharmaceutical and over-the-counter experience following a board overhaul at an extraordinary shareholder meeting. The shake-up, concluded on Friday, handed unprecedented power to the Novo Nordisk Foundation, sparking protests from …

Novo Nordisk chair touts OTC future for Wegovy as top investor tightens grip Read More »

By Barbara Erling WARSAW (Reuters) -British Prime Minister Keir Starmer is lobbying Poland to award a multi-billion-euro submarine purchase contract to Swedish defence group Saab that may include some deals with UK defence group Babcock, sources said. Babcock declined to comment on its possible involvement in the bid. A British government spokesperson did not comment …

UK lobbying Poland to buy Swedish submarines, sources say Read More »