Reuters UK Business

(Reuters) – Europe’s aviation regulator ordered a one-off visual inspection of fuel hoses on some Rolls-Royce XWB-97 engines powering Airbus A350-1000 jetliners following an engine fire on a Cathay Pacific airplane earlier this week. In an emergency airworthiness directive on Thursday, the European Union Aviation Safety Agency (EASA) said the checks should be carried out …

Europe regulator orders visual checks on some Rolls-Royce A350-1000 engines Read More »

By Carolyn Cohn LONDON (Reuters) -Fitch has changed its outlook on global reinsurers to neutral from improving, adding on Thursday it expected the sector to remain strong but that prices had probably passed their peak. Reinsurers, which insure insurers, have raised their rates in recent years in response to losses from the COVID-19 pandemic, wars …

Fitch shifts outlook on global reinsurers to neutral Read More »

(Reuters) -Derivatives exchange operator CBOE is partnering with a London-based tech firm, Globacap, to create a U.S. trading platform for shares of closely held companies, Bloomberg News reported on Wednesday. CBOE Private Markets has already registered with the Financial Industry Regulatory Authority (FINRA) as a broker-dealer last month, the report said, adding that the platform …

CBOE partners with UK firm to launch U.S. private share trading platform, Bloomberg News reports Read More »

LONDON (Reuters) – Britain’s Planning Inspectorate on Thursday granted development consent to a large solar farm project comprising three electricity-generating stations with anticipated capacity in excess of 50 megawatts. The Cottam Solar Project in East Midlands has been classified as a nationally significant infrastructure project, and would also include the development of energy storage and …

Britain grants development consent to large solar farm project Read More »

By Kirstin Ridley LONDON (Reuters) -Banks and payment companies in Britain might only have to reimburse fraud victims by up to 85,000 pounds ($111,460) – far short of an expected 415,000 pound payout cap – under new proposals published by a British regulator on Wednesday. The Payment Systems Regulator (PSR) said it was calling an …

UK regulator proposes slashing bank payout cap for fraud victims Read More »

By Laura Matthews NEW YORK (Reuters) -A shift to shorter settlement for U.S. securities transactions earlier this year had a greater-than-anticipated impact on market participants across the board, with Europe reporting the greatest hit, a Citigroup survey showed. The United States sped up its settlement cycle in May, requiring that equities, corporate and municipal bonds …

Faster US settlement hit harder than expected, Citi survey says Read More »

By Kenrick Cai, Krystal Hu, Anna Tong SAN FRANCISCO/NEW YORK -Safe Superintelligence (SSI), newly co-founded by OpenAI’s former chief scientist Ilya Sutskever, has raised $1 billion in cash to help develop safe artificial intelligence systems that far surpass human capabilities, company executives told Reuters. SSI, which currently has 10 employees, plans to use the funds …

OpenAI co-founder Sutskever’s new safety-focused AI startup SSI raises $1 billion Read More »

By Timothy Gardner and Benjamin Mallet WASHINGTON/PARIS (Reuters) -France’s state-owned nuclear fuel company Orano has selected Oak Ridge, Tennessee as a preferred site to build a multi-billion dollar U.S. uranium enrichment plant, Tennessee and Orano officials said on Wednesday. The move comes months after the administration of President Joe Biden signed legislation meant to eventually …

France’s Orano selects Tennessee site to build uranium enrichment plant Read More »

By Nerijus Adomaitis OSLO (Reuters) – Norway’s government asked an appeals court on Wednesday to lift injunctions against developing three oil and gas fields, part of a wider effort by Oslo to overturn an earlier verdict invalidating the permits on environmental grounds. A lower court ruled in January that Norway’s energy ministry failed to fully …

Norway seeks to end climate injunction against three oilfields Read More »