Reuters UK Business

(Reuters) – Bitcoin rose on Sunday to reclaim levels above $50,000. The world’s biggest and best-known cryptocurrency gained 2.11% to $50,445.34 at 1803 GMT on Sunday, adding $1,044.80 to its previous close. Bitcoin is up 81.9% from the year’s low of $27,734 on Jan. 4. Ether, the coin linked to the ethereum blockchain network, rose …

Bitcoin rises 2.1% to reclaim $50,000 Read More »

By Gabriela Baczynska BRUSSELS (Reuters) – The EU’s Justice Commissioner received “brutal” treatment last month in Warsaw, a member of his delegation said, during talks aimed at defusing a dispute over the independence of Poland’s judiciary that is blocking billions of euros in economic aid. In a carefully staged media appearance, Polish Justice Minister Zbigniew …

How Poland blew its chance to get billions in EU recovery cash Read More »

ZURICH (Reuters) – Novartis is seeing strong interest from private equity investors as well as from other pharmaceuticals companies for the Sandoz generic drugs business it is considering selling, Chief Executive Vas Narasimhan said in a newspaper interview. “We have seen considerable interest from private equity firms as well as other companies in the market,” …

Novartis sees strong interest in Sandoz generics unit – Finanz und Wirtschaft Read More »

FRANKFURT (Reuters) – Luxury carmaker Mercedes-Benz aims to maintain double-digit operating margins, its finance chief told Boersen-Zeitung, adding this resulted in very good dividend prospects. “Despite raw materials and semiconductor shortages our results at Mercedes have developed very well, with double-digit operating margins,” Harald Wilhelm was quoted as saying, adding it was the aim to …

Mercedes-Benz sees good dividend prospects on healthy margins – Boersen-Zeitung Read More »

MILAN (Reuters) – UniCredit wants to grow its domestic footprint and could consider tie-ups in Italy and abroad, but has no interest in the country’s biggest insurer Generali and its top shareholder Mediobanca, CEO Andrea Orcel said in a newspaper interview. UniCredit, Italy’s No.2 bank by assets, on Thursday unveiled a three-year plan https://www.reuters.com/markets/europe/unicredit-targets-2024-net-profit-above-45-bln-euros-2021-12-09, pledging …

UniCredit chief not interested in Generali or Mediobanca – Il Sole 24 Ore Read More »

FRANKFURT (Reuters) – Europe’s automotive sector has become too reliant on Asia and other regions for vital components such as semiconductors and battery cells, Bosch’s outgoing chairman told a German newspaper. Automotive Chips and battery cells have become the two most important components in the age of electric and autonomous vehicles, forcing European carmakers to …

Europe’s car industry too reliant on other regions, says Bosch chairman Read More »

FRANKFURT (Reuters) – Volkswagen’s software unit Cariad and automotive supplier Bosch are nearing an agreement to cooperate on automotive software, Handelsblatt reported, citing company sources. Volkswagen plans to invest a triple-digit million euro amount as part of the deal, the paper added. Volkswagen has bundled all its software efforts into Cariad, hoping it can challenge …

Volkswagen, Bosch to cooperate on automotive software – Handelsblatt Read More »

(Reuters) – Ford Motor Co expects to triple the output of its all-electric Mustang Mach-E SUV to over 200,000 units per year by 2023 for North America and Europe, its Chief Executive Officer Jim Farley said in a tweet on Friday. “It’s hard to produce Mustang Mach-Es fast enough to meet the incredible demand, but …

Ford expects to triple electric Mustang output by 2023 Read More »