Reuters UK Business

By Carolyn Cohn LONDON (Reuters) – British life insurer Legal & General is planning a 200 million pound ($254.9 million) share buyback and a merger of its investment units, it said on Wednesday as it looks to boost returns, though the changes disappointed investors. L&G will combine Legal & General Investment Management, one of the …

Legal & General shares drop on $250 million buyback, merger of investment units Read More »

MADRID (Reuters) – Dutch bank ING plans to set up its new investment banking unit’s European headquarters in Madrid, Spanish daily Cinco Dias reported on Wednesday. The Dutch bank, present in Spain since 1999, has focused in recent years on growing in corporate banking, whose revenues rose 21% in 2023 to 208 million euros ($224 …

ING to set up European investment bank hub in Madrid, Cinco Dias says Read More »

FRANKFURT (Reuters) – The share of the euro in foreign exchange holdings tumbled last year at the expense of the dollar and the yen, and further drops are possible whenever Russia becomes free to reduce its own euro stockpile, a fresh report from the European Central Bank showed. The share of the euro among foreign …

Euro’s reserve currency role tumbles at expense of dollar, yen, ECB says Read More »

By Max A. Cherney SAN FRANCISCO (Reuters) – On stage on Monday CEO Tim Cook’s Apple announced a splashy deal with OpenAI to include its powerful artificial intelligence model as a part of its voice assistant, Siri. But in the fine print of a technical document Apple published after the event, the company makes clear …

How Apple used Google’s help to train its AI models Read More »

(Reuters) -Debt-laden French tech group Atos said on Tuesday it has entered exclusive negotiations for selling its Worldgrid unit for an enterprise value of 270 million euros ($289.93 million) to engineering consulting group Alten. The Worldgrid business, which provides consulting and engineering services to energy and utility companies, has close to 1,100 employees. The proposed …

France’s Atos to sell Worldgrid unit to Alten for about $290 million Read More »

(Reuters) -Apple shares surged over 7% to a record high on Tuesday, nearly regaining from Microsoft its crown as the world’s most valuable company a day after it unveiled new AI features meant to rekindle demand for iPhones. Tuesday’s rally came as Apple trails the S&P 500 in 2024 due to waning iPhone sales and …

Apple hits record as AI features promise boost in iPhone sales Read More »

By Toby Sterling AMSTERDAM (Reuters) – The city council of Eindhoven, Netherlands, on Tuesday voted in favor of an initial agreement with computer chip equipment maker ASML to start planning a major expansion in the city’s north. In a 34-6 vote, the council said they would support a plan unveiled by ASML and the city …

Eindhoven city council votes in favor of ASML development plan Read More »