Reuters UK Business

Ukraine ready to work out new deal for gas transit to Europe, says PM

(Reuters) -Prime Minister Denys Shmyhal said on Monday that Ukraine was willing to devise a deal enabling gas to transit through its territory to western Europe, but ruled out any extension of an existing deal with Russia. Shmyhal was writing on the Telegram messaging app after speaking to Slovak Prime Minister Robert Fico as some …

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UK hands water customers bigger payouts for service failures

LONDON (Reuters) – Britain said it was increasing compensation payments for customers whose water supply is temporarily cut off, its latest attempt to improve the water sector after poor service and environmental pollution sparked public anger. The government is trying to fix Britain’s broken privatised water industry after years of under-investment caused frequent sewage spills. …

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EU watchdog frees green bonds from fund naming rules

By Virginia Furness LONDON (Reuters) – Green bond funds in the European Union are free to continue investing in bonds sold by big polluters such as power and energy companies, after the securities watchdog introduced allowances to its new fund naming guidelines. The European Securities and Markets Authority (ESMA) on Friday clarified fund managers could …

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Bitcoin rallies past $107,000, hopes grow for strategic reserve

By Kevin Buckland and Ankur Banerjee (Reuters) -Bitcoin’s record rally topped $107,000 on Monday after President-elect Donald Trump reiterated that he plans to create a U.S. bitcoin strategic reserve similar to its strategic oil reserve, stoking the enthusiasm of crypto bulls. Investor sentiment also got a lift from the inclusion of MicroStrategy into the tech-heavy …

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Exclusive-Brazilian investor Tanure in initial talks with Casino over GPA shares, says source

By Luciana Magalhaes and Paula Laier SAO PAULO (Reuters) – Brazilian investor Nelson Tanure has initiated preliminary discussions with French retailer Casino,about buying at least part of its shares in supermarket operator GPA,, according to a source familiar with the matter, potentially adding to a stake amassed by funds allied to Tanure in recent days. …

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Britain sets first codes of practice for tech firms in online safety regime

LONDON (Reuters) – Britain’s online safety regime came into force on Monday, requiring social media companies like Meta’s Facebook and ByteDance’s TikTok to take action to tackle criminal activity on their platforms and make them safer by design. Media regulator Ofcom said it had published its first codes of practice on tackling illegal harms such …

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Italy’s Banca Akros says it handled MPS stake placement properly

By Andrea Mandala MILAN (Reuters) -Banca Akros, the investment bank of Banco BPM, said on Monday it had acted “properly and transparently” in handling last month’s placement of a 15% stake in Monte dei Paschi on behalf of the Rome government. The Financial Times reported on Monday that UniCredit had been unable to buy a …

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Crunch week for UK’s Thames Water as regulator rules, court process starts

By Sarah Young and Andres Gonzalez LONDON (Reuters) – Thames Water, the British utility that risks running out of cash, faces a crunch week, as the water regulator sets future prices, and a court process begins that should help it to secure a 3 billion pound ($3.80 billion) lifeline. Regulator Ofwat’s final decision, due on …

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When AI vies with Taylor Swift as the hot ticket in town

By Jeffrey Dastin, Kenrick Cai and Anna Tong VANCOUVER (Reuters) – Deep in the cavernous convention center here, on math-filled posters or in spirited conversations, could be a breakthrough for artificial intelligence in the making. More than 16,000 computer scientists and fellow travelers gathered in British Columbia over the past week for what has become …

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European buyers seek 15 bcm of gas via Ukraine route, Slovakia says

By Kate Abnett BRUSSELS (Reuters) – European countries and companies have a combined demand for around 15 billion cubic metres (BCM) of Russian gas next year via Ukraine, Slovakia’s economy minister said on Monday. Slovakia and other countries receiving gas from Russia, transited via pipelines in Ukraine, are in talks to try to avoid those …

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