Reuters UK Business Archives - Page 1565 of 3179

We do not censor social media, EU says in response to Meta

8 Jan 2025 8 Jan 2025

By Philip Blenkinsop BRUSSELS (Reuters) – The European Commission rejected on Wednesday Meta chief Mark Zuckerberg’s assertion that European Union data laws censored social media and said they only required large platforms to remove illegal content. Meta Platforms scrapped its U.S. fact-checking programs and its CEO said he would work with President-elect Donald Trump to …

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Roche to complete $1.5 billion acquisition of U.S. biopharma company Poseida

8 Jan 2025 8 Jan 2025

ZURICH (Reuters) -Roche on Wednesday said it planned to complete its purchase of U.S. biopharmaceutical company Poseida Therapeutics , a specialist in complex immune cell therapies to treat several types of blood cancer. Roche said it has accepted for payment nearly 65 million shares in Poseida – equivalent to 66% of the California company’s stock …

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Saba proposal to overhaul UK investment trusts rejected by two more funds

8 Jan 2025 8 Jan 2025

(Reuters) – Two British investment trusts run by Janus Henderson urged investors on Wednesday to reject a Saba Capital Management proposal to replace their entire boards, a change they said would effectively cede control to the U.S. activist investor. Saba, founded and run by Boaz Weinstein, said last month it wanted to overhaul the boards …

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Honeywell, NXP Semiconductors expand partnership to develop aviation technology

8 Jan 2025 8 Jan 2025

(Reuters) – Honeywell and NXP Semiconductors will expand their partnership to develop AI-driven technology for aviation and autonomous flying, the companies said on Wednesday. Under the partnership, the companies will combine Honeywell’s Anthem avionics — a cloud-connected cockpit system — and chipmaker NXP’s computing architecture to improve planning and managing flights. The partnership will look …

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Equinor extends Norway LNG outage by 10 days

8 Jan 2025 8 Jan 2025

OSLO (Reuters) -Equinor has extended an ongoing outage at its Hammerfest LNG plant in Arctic northern Norway by 10 days to Jan. 19 as it continues to repair a failed compressor, the company said in a regulatory filing on Wednesday. The Hammerfest plant, also known as Melkoeya LNG, has the capacity to deliver about 6.5 …

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British grid warns of tight electricity supplies on Wednesday evening

8 Jan 2025 8 Jan 2025

By Susanna Twidale LONDON (Reuters) – Britain’s National Energy System Operator (NESO) has warned of tight electricity supplies on Wednesday evening and urged utilities to make more power available. The NESO is responsible for maintaining Britain’s power supply and has a range of measures available to ensure there is enough electricity to meet demand. Late …

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Sterling tumbles for a second day against firmer dollar, even as gilt yields rise

8 Jan 2025 8 Jan 2025

By Greta Rosen Fondahn (Reuters) -Sterling slid for a second day on Wednesday against a generally firmer U.S. dollar, despite British long-term borrowing costs sitting at around their highest since 1998. Solid U.S. data on Tuesday confirmed investors’ view that U.S. interest rates will stay higher for longer, pushing up Treasury yields and boosting the …

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Euro zone economy ended 2024 on downbeat note amid trade fears

8 Jan 2025 8 Jan 2025

By Balazs Koranyi FRANKFURT (Reuters) – The euro zone economy, skirting recession for more than a year, ended 2024 on a weak note, several key indicators showed on Wednesday, suggesting that a long hoped for recovery remains a distant prospect. The European Commission’s key sentiment indicator fell more than expected in December, German industrial orders …

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Lufthansa to acquire stake in Italy’s ITA next week, source says

8 Jan 2025 8 Jan 2025

BERLIN (Reuters) -Lufthansa is set to acquire a stake in Italian state-owned airline ITA on Jan. 13, a source familiar with the situation told Reuters on Wednesday, bringing to a close years of talks. DPA news agency first reported on the date, which Lufthansa CEO Carsten Spohr announced at an employee event, according to the …

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Meta to test showing eBay listings on Facebook Marketplace

8 Jan 2025 8 Jan 2025

STOCKHOLM (Reuters) -Meta said on Wednesday it would launch a test in Germany, France and the United States that will enable buyers to browse listings from eBay on Facebook Marketplace and then complete their transactions on eBay. The European Commission had in November fined Meta $840 million over abusive practices benefiting Facebook Marketplace. Meta said …

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