Reuters UK Business

Greensill business model causes high level of harm, UK watchdog says

By Huw Jones LONDON (Reuters) – The business model used by collapsed supply chain financing firm Greensill Capital is causing a “high level of harm” and tighter rules are needed, Britain’s Financial Conduct Authority said on Friday. The watchdog set out proposals for public consultation to apply lessons from Greensill, which collapsed in March leaving …

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France says UAE arms deal secures supply chain, jobs

PARIS (Reuters) – A 17-billion-euro ($19.23 billion) French arms deal with the United Arab Emirates will secure the industrial supply chain for France’s Rafale warplane for the next decade and directly support 7,000 domestic jobs, a French defence ministry official said. The deal, sealed on Friday, includes the largest ever overseas sale of the French …

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