Reuters UK Business

Ukraine’s Kyivstar adds backup power as Russian strikes strain power grid, CEO says

10 Nov 2025

By Gianluca Lo Nostro and Leo Marchandon (Reuters) -Ukraine’s Kyivstar is ramping up measures to keep its network online as Russian strikes strain the country’s power grid, CEO Oleksandr Komarov said on Monday. Russia has intensified attacks on energy infrastructure in Ukraine. On Saturday, a barrage of drones and missiles hit nuclear substations, killing seven …

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EU weighs using Russian assets or borrowing to finance Kyiv

10 Nov 2025

By Jan Strupczewski BRUSSELS (Reuters) -The European Union will on Thursday discuss two main ways to raise financial support for Ukraine – borrowing the money, or the more likely option of using frozen Russian assets, a senior EU official said. EU finance ministers are meeting in Brussels after the bloc’s leaders pledged on October 23 …

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Euro zone banks tilting loan pricing towards greener firms, ECB blog says

10 Nov 2025

FRANKFURT (Reuters) -Euro zone banks are offering loans on more favourable terms to companies with a better climate performance and may be punishing polluters, according to a blog post published by the European Central Bank on Monday. The ECB has been pushing banks for years to disclose and manage their climate risk, using a range …

Euro zone banks tilting loan pricing towards greener firms, ECB blog says Read More »

German chemical industry sentiment plunges on weak orders, rising competition, Ifo says

10 Nov 2025

By Amir Orusov and Anastasiia Kozlova (Reuters) -Confidence in Germany’s chemical industry fell sharply in October due to higher competition and weak order momentum, according to an Ifo survey published on Monday. The economic expectations indicator for the sector fell to a seasonally adjusted -13.3 points, from -3.7 points in September, while the evaluation of …

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Rumble to buy German AI firm Northern Data for about $767 million, shares soar

10 Nov 2025

(Reuters) -Video platform Rumble, which hosts U.S. President Donald Trump’s social media platform Truth Social, said in a statement on Monday it is acquiring German AI cloud company Northern Data in an all-stock deal valued at roughly $767 million. Rumble’s shares surged more than 25% in premarket trading.   Northern Data’s shareholders will receive 2.0281 …

Rumble to buy German AI firm Northern Data for about $767 million, shares soar Read More »

Tsavorite secures over $100 million in pre-orders for AI chips to scale workflows

10 Nov 2025

(Reuters) -AI startup Tsavorite Scalable Intelligence said on Monday it has secured more than $100 million in pre-orders from enterprises and cloud providers across the U.S., Asia and Europe to deploy its chips that are used to scale AI workloads. The company has seen strong demand for its Omni Processing Unit (OPU), a compute architecture …

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Johnnie Walker maker Diageo brings in former Tesco chief Dave Lewis to revive growth

10 Nov 2025

By Yadarisa Shabong (Reuters) -Diageo appointed former Tesco boss Dave Lewis as its CEO on Monday, ending a months-long search and turning to an outsider to revive growth at the world’s largest spirits maker during a challenging period. Lewis, 60, will be tasked with turning around the Johnnie Walker whisky and Guinness beer maker, which is …

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Pfizer wins $10 billion bidding war for Metsera as Novo Nordisk exits

10 Nov 2025

(This November 8 story is repeated without any changes to the text) By Rishabh Jaiswal, Sabrina Valle and Maggie Fick NEW YORK/LONDON (Reuters) -U.S. drugmaker Pfizer has clinched a $10 billion deal for obesity drug developer Metsera, capping a fierce biotech bidding war between the New York-based pharma giant and Danish rival Novo Nordisk. Metsera …

Pfizer wins $10 billion bidding war for Metsera as Novo Nordisk exits Read More »

Shell exits two wind projects off the UK coast after strategic review

10 Nov 2025

By Stephanie Kelly LONDON (Reuters) -Shell has exited the MarramWind and CampionWind projects off the coast of Scotland following a strategic review, the company said on Monday, a move that aligns with its current pivot away from renewables. Shell sold its 50% interest in MarramWind to ScottishPower Renewables and returned the CampionWind lease to Crown …

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Uniper mothballs Swedish oil-fired power unit as reserve deal runs out

10 Nov 2025

By Nora Buli OSLO (Reuters) -German utility Uniper is mothballing its 335-megawatt Karlshamnverket 2 oil-fired power plant in southern Sweden after a deal to supply back-up power during winter expired, the company said on Monday. The step takes effect from November 16 and is a direct consequence of the cancelled procurement of Sweden’s strategic power …

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