Reuters UK Business Archives - Page 169 of 3179

UBS delays migration of some super-rich Credit Suisse clients, sources say

11 Nov 2025 11 Nov 2025

By Ariane Luthi and Oliver Hirt ZURICH (Reuters) -UBS is delaying the migration of some super-rich Credit Suisse clients to its own platforms by several months, sources told Reuters, a rare setback in an integration process that has so far progressed relatively smoothly. The delay signals that the bank could struggle to meet its end-of-March …

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Germany’s Siemens to set out plan for $41 billion Healthineers stake

11 Nov 2025 11 Nov 2025

By John Revill ZURICH (Reuters) -German engineering group Siemens is expected to set out how it will cut its 35 billion euro ($41 billion) Siemens Healthineers stake on Thursday. A sizeable disposal, which would dwarf recent divestments such as SoftBank selling part of T-Mobile for $4.8 billion, would give Siemens CEO Roland Busch financial firepower …

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Morning Bid: Reopening rebound runs on, with rate cuts in sight

11 Nov 2025 11 Nov 2025

A look at the day ahead in European and global markets from Tom Westbrook The longest U.S. government shutdown on record looks to be nearly over, and traders are riding the tail end of a wave of relief that began late last week. The Senate approved a compromise that would restore U.S. government funding. It …

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Explainer-What is climate finance and why does it matter?

11 Nov 2025 11 Nov 2025

By Simon Jessop BELEM, Brazil (Reuters) -Countries trying to shift to clean energy while also preparing for extreme weather and other impacts in a warmer world will need money – a lot of it. As the costs and risks of global warming escalate, the topic of climate finance has become more tense. Here’s what you …

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UK consumer spending slows ahead of Black Friday and budget

11 Nov 2025 11 Nov 2025

MANCHESTER, England (Reuters) -Spending from British consumers cooled last month as they waited to see how Black Friday deals and the government’s budget later this month, widely expected to contain tax hikes, would pan out, surveys showed on Tuesday. Barclays said spending on its credit and debit cards fell by 0.8% in the year to …

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Intel CEO to oversee its AI efforts after executive departs for OpenAI

11 Nov 2025 11 Nov 2025

By Max A. Cherney and Stephen Nellis SAN FRANCISCO (Reuters) -Intel said on Monday its CEO Lip-Bu Tan would oversee the chipmaker’s artificial intelligence efforts after the firm’s chief technology officer departed for ChatGPT maker OpenAI. Sachin Katti, who has led Intel’s AI efforts since a management reorganization at the chipmaker in January, said on …

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Beyond Meat forecasts subdued quarterly sales as demand remains weak

11 Nov 2025 11 Nov 2025

(Reuters) -Beyond Meat posted a bigger quarterly loss and forecast fourth-quarter sales below Wall Street estimates on Monday, as the plant-based meat maker grappled with sluggish demand for its products. The highly shorted stock was down 8% in extended trading. The shares had soared more than 1,350% over a span of three days in late October, …

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Trump says he is working on a deal to lower tariff rate on Swiss imports

11 Nov 2025 11 Nov 2025

WASHINGTON/ZURICH (Reuters) -The United States is working with Switzerland on a deal to lower the 39% tariff rate it faces on exports to the U.S., President Donald Trump told reporters in the Oval Office on Monday, but said he had not yet settled on a new rate. Switzerland has been scrambling to secure a trade …

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Tesla chair thanks investors for approving Musk’s $878 billion pay package

11 Nov 2025 11 Nov 2025

(Reuters) -Tesla board chair Robyn Denholm thanked the electric-vehicle maker’s shareholders on Monday for approving CEO Elon Musk’s $878 billion pay package. The approval marks one of the largest compensation votes in corporate history and underscores investor willingness to bet on Musk’s leadership as Tesla pursues its next phase of growth. On Thursday, with 1.94 …

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ECB fines ABANCA for noncompliance with climate decision

10 Nov 2025 11 Nov 2025

FRANKFURT (Reuters) -The European Central Bank fined Spanish lender ABANCA Corporación Bancaria for failing to comply with its decision on climate-related and environmental risks, it said on Monday. ECB supervisors have been increasingly intrusive in probing banks’ exposure to climate risk, first giving lenders a list of expectations, then binding decisions on disclosing and managing …

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