(Reuters) – China’s Farizon, an electric and hybrid truck manufacturer owned by automaker Geely, announced on Wednesday its partnership with automotive distributor Jameel Motors to launch its electric vehicles in the UK market. The Farizon SV large van will lead the brand’s UK debut, with sales set to begin in the first half of 2025. …
Geely’s Farizon partners with Jameel Motors to break into UK EV market Read More »
By William Schomberg LONDON (Reuters) – The Bank of England looks set to keep interest rates on hold next week as it moves more slowly to cut borrowing costs than central banks in Europe and the United States. The BoE remains on alert about price pressures in Britain’s jobs market that have subsided more clearly …
Bank of England set to stay in central bank slow lane and keep rates on hold Read More »
By Krystal Hu NEW YORK (Reuters) – President-elect Donald Trump could be the “president of this AI generation” as he will take office at a time when critical infrastructure to developing artificial general intelligence (AGI) is built out, OpenAI Chief Financial Officer Sarah Friar said. “He’s going to be right there at the beginning of …
OpenAI CFO sees Trump as AI president, trusts Musk to prioritize national interest Read More »
(Reuters) – Shares of Google parent Alphabet rose about 5% on Tuesday after it unveiled a new generation chip that the company said helped overcome a key challenge in quantum computing. Google on Monday introduced a new chip called Willow, which solved in five minutes a computing problem that would take a classical computer more …
Google parent Alphabet jumps on quantum chip breakthrough Read More »
By Vanessa O’Connell NEW YORK (Reuters) -Ferrari will always make its luxury sports car in its hometown of Maranello, northern Italy, including its first fully electric model expected next year, Chief Executive Benedetto Vigna said on Tuesday. And this will not change, despite new tariffs potentially being introduced on international markets, including the U.S. following …
Ferrari will always make its cars in Italy, CEO says Read More »
ZURICH (Reuters) – UBS plans to overhaul its wealth management business in the United States, splitting the operation into six divisions and focusing more on clients that are not super wealthy, according to an internal memo and a media report on Tuesday. The memo, seen by Reuters and the authenticity of which was confirmed by …
UBS plans wealth business shake-up in the US, memo shows Read More »
(Reuters) -Authorities raided Adidas AG headquarters in Germany as part of a years-long tax investigation, a spokesperson from the company said on Tuesday. Adidas said in a statement it has been in contact with customs authorities for several years about the matter and is providing them with documents and information. The raid was first reported …
Adidas headquarters raided in years-long tax investigation, company says Read More »
By Milana Vinn NEW YORK (Reuters) – Advent International and Apollo Global Management are among the buyout firms exploring a potential acquisition of uniform supplier Vestis, according to people familiar with the matter. Roswell, Georgia-based Vestis has been working with its financial advisers to evaluate interest from potential suitors, since the company first received an …
Exclusive-Uniform maker Vestis fields takeover interest from buyout firms, sources say Read More »
By Gabriel Araujo SAO PAULO (Reuters) – Air France-KLM is optimistic about the Brazilian market for 2025 after posting positive results in the country this year, executives for the European carrier in Latin America’s largest economy told reporters on Tuesday. WHY IT’S IMPORTANT South America is the second biggest long-haul area for Air France-KLM after …
Air France-KLM upbeat on Brazil in 2025 after year of expansion Read More »
LONDON (Reuters) – A group of current and former Vodafone franchisees in the UK filed a legal claim against the company on Tuesday over alleged cuts to their commission payments and remuneration at short notice and with little to no explanation since 2020. Some of the 61 claimants, who are seeking over 120 million pounds …
Vodafone franchisees in Britain file legal claim against telecom group Read More »
