Reuters UK Business

By Foo Yun Chee BRUSSELS (Reuters) – EU competition policy should be revamped to help companies scale up and better compete in global markets, European Commission President Ursula von der Leyen said on Thursday, an indication that she may loosen the bloc’s merger rules if she gets another term. “I believe we need a new …

Von der Leyen says competition policy should help EU companies scale up Read More »

By Olivier Sorgho and Supantha Mukherjee (Reuters) -Nokia reported a 32% drop in second-quarter operating profit, citing weak demand for 5G telecom equipment, but the Finnish telecoms group said sales should recover towards the end of 2024 with the help of orders from North America. The profit, that excludes certain charges and asset revaluations to …

Nokia reports 32% drop in profit but sees recovery in 2nd half Read More »

LONDON (Reuters) – Britain’s Financial Conduct Authority (FCA) has told banks, payment firms and lenders to do more to ensure parliamentarians, senior public servants and their families are not treated unfairly, the watchdog said in a statement on Thursday. “Public service naturally comes with greater scrutiny. But it must be proportionate and shouldn’t disadvantage people …

UK regulator calls on firms to improve treatment of politically exposed persons Read More »

By Marie Mannes and Nick Carey STOCKHOLM (Reuters) -Volvo Cars cut its full-year retail sales forecast on Thursday, blaming European tariffs on EVs made in China that will hit one of the Swedish automaker’s key electric models until it shifts production to Belgium.  While reporting better than expected second-quarter results that sent its shares up …

Volvo Cars blames EU tariffs as it cuts 2024 sales forecast Read More »

By Virginia Furness LONDON (Reuters) – Financial regulators and supervisors in some G20 countries are overlooking the risks posed by biodiversity loss and deforestation because of insufficient data, focusing instead on climate risks, a report by the G20’s financial watchdog found. Regulators who have assessed nature-related risks found that biodiversity and nature loss could result …

Some G20 financial regulators overlooking risks linked to nature loss, watchdog says Read More »

By Martin Coulter LONDON (Reuters) – Britain’s new Labour government has said it will explore how to effectively regulate artificial intelligence models, but stopped short of proposing any specific laws. King Charles set out newly-elected Prime Minister Keir Starmer’s legislative agenda in a speech on Wednesday to open the new session of parliament. It included …

Britain’s new government aims to regulate most powerful AI models Read More »

ROME (Reuters) – Rome prosecutors on Wednesday requested that former Juventus Chairman Andrea Agnelli and other ex-managers of Italy’s most successful soccer club face trial over allegations of false accounting during their tenure, judicial sources said. Agnelli and other defendants including former vice-chairman and Ballon d’Or winner Pavel Nedved would face various charges including stock …

Soccer-Rome prosecutors seek trial for former Juve managers in accounting case Read More »

LONDON (Reuters) – The new British government on Wednesday said that the delivery process for critical infrastructure would be streamlined and more power given to local leaders under a proposed planning overhaul aimed at unlocking growth. New Prime Minister Keir Starmer has made boosting Britain’s anaemic growth one of the government’s core aims since winning …

New British government proposes planning overhaul to boost growth Read More »