Reuters UK Business

LONDON (Reuters) – British upmarket supermarket group Waitrose plans to invest 1 billion pounds ($1.30 billion) in new and existing shops over the next three years, it said on Wednesday. The chain, part of the employee-owned John Lewis Partnership, said it would open up to 100 convenience shops across the UK over the next five …

Britain’s Waitrose to invest $1.3 billion in stores over three years Read More »

BERLIN (Reuters) – German authorities have seized almost 25 million euros ($28 million) in cash in a nationwide operation targeting cryptocurrency ATMs, the country’s financial regulator BaFin said in a statement on Tuesday. Authorities seized 13 machines that had been operating without the necessary permits, posing a risk of money-laundering, according to the regulator. The …

Germany seizes almost $28 million in cash in crypto ATM sting Read More »

By Dawn Chmielewski (Reuters) -Veteran media executive Edgar Bronfman Jr. on Monday submitted a $4.3 billion bid to take over Paramount Global through the acquisition of National Amusements, which owns a controlling stake in Paramount, people familiar with the matter said. The competing offer for the home of Paramount Pictures, the CBS broadcast network and …

Edgar Bronfman and investor group submit $4.3 billion rival bid for Paramount Global Read More »

By David Shepardson and Abhijith Ganapavaram (Reuters) – Stellantis said on Tuesday its planned investments at Belvidere, Illinois, will be delayed but insisted it is committed to moving forward and is not in violation of its union contract. On Monday, the United Auto Workers union said some of its local units representing tens of thousands …

Stellantis delays investment plans for Illinois Read More »

PARIS (Reuters) – France’s caretaker government has set 2025 state spending at current levels, saving about 10 billion euros ($11.08 billion) after taking inflation into account and keeping the deficit reduction target on track, the prime minister’s office said. President Emmanuel Macron has yet to name a new government since a snap legislative election in …

France’s caretaker government freezes 2025 spending at current levels Read More »

(Reuters) -Britain’s competition watchdog said on Tuesday it has accepted Meta’s proposed changes to the way it uses the data of customers advertising on the global social media platform. In May, Meta had pledged to limit how it uses advertising customers’ data to prevent it from gaining an unfair advantage. Under the original commitments, advertisers …

UK competition watchdog accepts Meta’s changes to ad data rules Read More »

LONDON (Reuters) -Chilean miner Antofagasta posted a 5% increase in half-year profit on Tuesday, as higher copper prices more than offset lower sales. Earnings before interest, tax, depreciation and amortisation (EBITDA) for the first six months of the year rose to $1.39 billion from $1.33 billion last year. Antofagasta, majority owned by Chile’s Luksic family, …

Miner Antofagasta’s half-year profit up on strong copper prices Read More »

By Aref Mohammed and Ahmed Rasheed BAGHDAD (Reuters) -Iraq will share profits with BP from developing its giant Kirkuk oil and gas fields, two officials said on Tuesday, as the country moves away from low-margin service contracts to speed up production growth and lure back Western majors. Several oil majors, including BP, in recent years …

Exclusive-BP-Iraq deal on Kirkuk fields to use profit-sharing model Read More »