Reuters UK Business

Boeing in talks with US Defense Department on impact of guilty plea, source says

9 Jul 2024

By David Shepardson and Tim Hepher WASHINGTON/PARIS (Reuters) -Boeing is in talks with the U.S. Defense Department over how the planemaker’s planned guilty plea could affect its extensive government contracts, a person briefed on the matter said. On Sunday, the Justice Department said in a court filing that Boeing had agreed to plead guilty to …

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Grifols says founding family, Brookfield looking to delist drugmaker

8 Jul 2024

By Andres Gonzalez, David Latona and Joan Faus LONDON/MADRID/BARCELONA (Reuters) -The Grifols family and Canadian fund Brookfield have agreed to evaluate a possible joint takeover bid for beleaguered Spanish drugmaker Grifols with the intent to delist it, the companies said in regulatory filings on Monday. Grifols said its board held an extraordinary meeting over the …

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FAA orders inspection of 2,600 Boeing 737s over oxygen mask issue

8 Jul 2024

By David Shepardson WASHINGTON (Reuters) -The Federal Aviation Administration said on Monday it is requiring inspections of 2,600 Boeing 737 airplanes because passenger oxygen masks could fail during an emergency due to a retention strap. The FAA said it was requiring the inspections of 737 MAX and Next Generation airplanes after multiple reports of passenger …

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‘No time to waste’: UK’s Rachel Reeves takes aim at growth barriers

8 Jul 2024

By Alistair Smout and Kylie MacLellan LONDON (Reuters) -Britain’s finance minister Rachel Reeves set out plans on Monday to increase house building, unblock infrastructure projects and attract private investment as part of a new “national mission” to drive economic growth. After last week’s landslide election win propelled the Labour Party to power after 14 years …

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British renewable industry pushes new govt to increase auction budget

8 Jul 2024

By Susanna Twidale LONDON (Reuters) – Britain’s renewables industry has called on the new Labour government to increase the country’s renewable auction budget by hundreds of millions of pounds to help meet its offshore wind target and wider goal to decarbonise the power grid. Labour swept to victory in Britain’s election last week and the …

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Tesla, shareholder clash over $7-billion legal fee request in Musk pay case

8 Jul 2024

By Tom Hals WILMINGTON, Delaware (Reuters) -Legal teams for Tesla and a shareholder clashed in court on Monday over the value of a lawsuit that successfully challenged CEO Elon Musk’s enormous pay package and a request for the company to pay a record legal fee worth $7 billion. For more than three hours, two experts …

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