Reuters UK Business

PARIS (Reuters) – Seven French families have filed a lawsuit against social media giant TikTok, accusing the platform of exposing their adolescent children to harmful content that led to two of them taking their own lives at 15, their lawyer said on Monday. The lawsuit alleges TikTok’s algorithm exposed the seven teenagers to videos promoting …

French families sue TikTok over alleged failure to remove harmful content Read More »

By America Hernandez PARIS (Reuters) – French oil major TotalEnergies does not anticipate that Donald Trump would pull the U.S. out of the Paris Agreement on climate change or undo Inflation Reduction Act (IRA) legislation if he became U.S. president again, the company’s strategy director said on Monday. Aurelien Hamelle made the comments while presenting …

Trump unlikely to undo Biden’s IRA climate legislation, TotalEnergies executive says Read More »

By Alessandro Parodi (Reuters) – Europe needs to spend 39 billion euros ($42.46 billion) a year to reach its net zero targets in the transport sector by 2050, campaign group Transport & Environment (T&E) said on Monday, issuing five key recommendations for the European Union. The EU is seeking a more coordinated industrial policy involving …

EU must spend 39 billion euros a year for net zero transport targets, campaign group says Read More »

(Reuters) -KPMG will lay off less than 4%, or about 330 people, of its audit workforce in the United States, a source familiar with the matter said on Monday. Besides KPMG, Ernst & Young, Deloitte, PricewaterhouseCoopers make up the Big Four of accounting firms. “The actions reflect our ongoing focus to align the size, shape …

KPMG to lay off less than 4% of US audit workforce, source says Read More »

By Pranav Kashyap and Nikhil Sharma (Reuters) -The UK’s benchmark FTSE 100 rose marginally on Monday, helped by energy shares, while cautious investors braced for the U.S. presidential election and a potential interest rate cut by the Bank of England (BoE) later this week. The blue-chip FTSE 100 was up 0.1% at 8,184.24 points by …

FTSE 100 rises on energy boost; US election in focus Read More »

By Sarah Marsh and Thomas Escritt BERLIN (Reuters) -Germany’s economy minister made a key concession in talks over how to plug the budget on Monday in a bid to save the ruling three-way coalition which faces a make-or-break week amid differences over how to revive the ailing economy. Chancellor Olaf Scholz’s Social Democrats (SPD), Economy …

German minister makes budget concession in bid to save coalition Read More »

By Shashwat Chauhan (Reuters) -European shares dipped on Monday as losses in technology stocks offset gains in banks and oil shares, and the focus was on the U.S. presidential election. The pan-European STOXX 600 closed down 0.3%, with tech shares dropping 1.1% to lead sectoral declines. Banks rose 0.7%, while energy stocks gained 0.4% as …

European shares dip as tech losses offset bank, oil gains Read More »