Reuters UK Business

SINGAPORE (Reuters) – OMS Group, a KKR-backed Malaysian subsea digital infrastructure company, said on Monday it has signed a contract with Dutch maritime firm Royal IHC for the construction of a series of cable-laying vessels. OMS said in a statement that the new vessels will help it meet the surge in telecoms demand and ramp …

KKR-backed Malaysian group OMS signs contract for cable-laying vessels with Dutch firm Read More »

STOCKHOLM (Reuters) – Seven European countries have changed their laws to increase employee ownership in startups to rival the U.S. in attracting talent and investment, while other countries are lagging, a report by venture capital firm Index Ventures found. While stock options were integral to Silicon Valley’s success, Europe has been hampered by bureaucracy and …

Seven European countries match US in startup-friendly laws, report says Read More »

BERLIN (Reuters) – Volkswagen is exploring a series of cost-cutting measures for its core brand, including a 10% wage cut and a two-year wage freeze, as it seeks to save 4 billion euros, Handelsblatt newspaper reported on Sunday, citing company insiders. The carmaker is under increasing pressure to reduce expenses amid a challenging economic climate. …

Volkswagen weighs wage cuts, bonus reductions in push to save 4 billion euros – Handelsblatt Read More »

(Reuters) – Alphabet’s Google is developing artificial intelligence technology that takes over a web browser to complete tasks such as research and shopping, The Information reported on Saturday.  Google is set to demonstrate the product code-named Project Jarvis as soon as December with the release of its next flagship Gemini large language model, the report …

Google to develop AI that takes over computers, The Information reports Read More »

By David Milliken WASHINGTON (Reuters) – The Bank of England is reluctantly pressing on with work to create a form of digital money accessible to the general public, as commercial banks risk failing to keep up with less-regulated tech firms, Governor Andrew Bailey said on Saturday. Bailey’s remarks build on his longstanding concerns that he …

Bank of England to press on with digital currency in case banks fall short, Bailey says Read More »

WASHINGTON (Reuters) – The European Central Bank should not be too hasty in adjusting policy, Bundesbank President Joachim Nagel said on Saturday after some of his colleagues made the case in recent days for faster and deeper rate cuts. “We shouldn’t be too hasty,” Nagel said in a panel discussion in Washington. “We should do …

ECB’s Nagel cautions against too hasty action on rates Read More »

By David Lawder WASHINGTON (Reuters) – French Finance Minister Antoine Armand on Friday, following a Moody’s credit rating warning on his country’s debt, said that France’s top fiscal priority is to reduce its public deficit to a targeted 5% of GDP by 2025. Moody’s late on Friday revised France’s outlook to “negative” from “stable,” citing …

French finance minister says deficit reduction was top priority before Moody’s warning Read More »