Reuters UK Business

MADRID (Reuters) – Sicilian coffee roaster Zicaffe has asked the European Union’s Intellectual Property Office (EUIOP) to block fashion giant Inditex’s use of the name Zacaffe for its new coffee shops, arguing the name is too similar to its own brand. Family-owned Zicaffe, which roasts and exports coffee blends, lodged its response to the Spanish …

Sicilian coffee roaster Zicaffe tries to block Zara’s new Zacaffe coffee shops Read More »

By Nick Carey LONDON (Reuters) – British luxury automaker Rolls-Royce said on Wednesday it will invest 300 million pounds ($376 million) to expand its Goodwood plant to focus more on bespoke cars for high-end clients, featuring anything from gold sculptures to mother-of-pearl artwork. As with other high-end automakers, Rolls-Royce has seen rising demand for high-margin, …

Rolls-Royce to invest $376 million in UK plant to focus on bespoke cars Read More »

By Marie Mannes STOCKHOLM (Reuters) – The owners of Northvolt voted to continue operations on Wednesday, the company said, while the Swedish electric vehicle battery maker scrambles to find new backers and funding in coming weeks. Northvolt went from Europe’s best shot at an EV battery champion to seeking bankruptcy protection last year as production …

Northvolt owners vote to stay operating while seeking financial rescue Read More »

By Marianna Parraga and Kemol King HOUSTON/GEORGETOWN (Reuters) – Guyana’s oil exports rose 54% last year to some 582,000 barrels per day (bpd), fueled by European refiners’ demand for easy-to-process sweet crudes to replace some Middle Eastern grades, according to traders and shipping data from financial firm LSEG. Since it started exporting oil in early …

Guyana oil exports jump, gain Europe market share in 2024 Read More »

PARIS (Reuters) – Two potential buyers for Glencore’s stake in mothballed New Caledonian nickel producer Koniambo Nickel SAS (KNS) have submitted offers following site visits late last year, KNS said. Part of a loss-making nickel industry in French-controlled New Caledonia, KNS halted its operations in March after commodity group Glencore decided to sell its 49% …

Two bids made for Glencore stake in New Caledonia’s Koniambo Nickel Read More »

By Angelo Amante ROME (Reuters) -Italy’s defence minister sought on Wednesday to defuse a political row sparked by a report that Italy planned to ask Elon Musk’s Starlink to supply new secure communications services for use by the military. Guido Crosetto told parliament that Italy had not signed or agreed any contracts with Musk’s SpaceX …

Italy defence minister dampens talk of Starlink deal for secure communications Read More »

By Sinead Cruise LONDON (Reuters) -Bank of England Deputy Governor Sam Woods said Britain should avoid participating in a “race to the bottom” on financial regulation, amid concerns the United States might opt out of reforms designed to strengthen the world’s banking system. U.S. Federal Reserve Vice Chair of Supervision Michael Barr on Monday announced …

Britain should not join ‘race to bottom’ on financial rules, BoE Deputy Governor says Read More »

(Reuters) – Amsterdam-listed pharmaceutical firm Galapagos said on Wednesday it was planning to split into two listed entities by mid-2025, creating a new company focused on innovative medicines. The group, headquartered in the city of Mechelen in Belgium, will provide around 2.45 billion euros ($2.53 billion) of cash for the new entity, to be named …

Galapagos to spin off innovative medicines business Read More »

By David Milliken and Harry Robertson LONDON (Reuters) -British government bond prices fell sharply for a second day on Wednesday, pushing 10-year yields to their highest since August 2008, while 30-year yields hit a new 26-year high in a move that will add pressure to government finances. Sterling tumbled as well, shedding more than 1.2% …

Sterling and UK gilt prices tumble, pushing 10-year yield to highest since 2008 Read More »

By Kanishka Singh WASHINGTON (Reuters) -The U.S. Justice Department said on Tuesday it will share $50 million in forfeited assets with Estonia in recognition of Estonia’s assistance in the successful prosecution of Danske Bank and related forfeiture. The bank became the subject of several investigations after an internal probe in September 2018 uncovered about 200 …

US transfers $50 million in forfeited assets to Estonia for help in Danske Bank prosecution Read More »