Reuters UK Business

By Leo Marchandon and Olivier Sorgho (Reuters) – Antin Infrastructure Partners plans to launch a new high-speed train company in France called Proxima, the French private equity firm said on Thursday, adding it would initially invest 1 billion euros ($1.1 billion) in the project. High-speed TGV train services in France had historically been a monopoly …

Antin Infrastructure to launch new high-speed train service in France Read More »

By David Milliken LONDON (Reuters) – Britain’s construction sector recorded its biggest rise in activity in two years last month, including the first rise in house-building since just after former Prime Minister Liz Truss’ mini-budget, a survey showed on Thursday. The S&P Global UK Construction Purchasing Managers’ Index rose to 54.7 in May from 53.0 …

UK construction sector records fastest growth in two years, PMI shows Read More »

By Susanna Twidale LONDON (Reuters) -Britain’s Electricity System Operator (ESO) said on Thursday it expects to have sufficient supplies this winter, in an early outlook of the supply and demand balance for the period. The opening of a new power link with Denmark, new gas-fired power plants and more batteries on the system had all …

Britain’s system operator confident of electricity supply this winter Read More »

By Foo Yun Chee BRUSSELS (Reuters) -A Meta plan to use personal data to train its artificial intelligence (AI) models without seeking consent came under fire from advocacy group NOYB on Thursday, which called on privacy enforcers across Europe to stop such use. NOYB (none of your business) urged national privacy watchdogs to act immediately, …

Meta faces call in EU not to use personal data for AI models Read More »

PARIS (Reuters) – Frederic Arnault, one of LVMH Chairman and CEO Bernard Arnault’s five children and heirs, has been named managing director of the family holding company Financiere Agache, adding to his roles in the sprawling luxury empire. Frederic Arnault, 29, who is chairman and CEO of LVMH watches, replaces Nicolas Bazire, and will also …

LVMH’s Frederic Arnault named managing director of family holding Financiere Agache Read More »

By Lefteris Papadimas ATHENS (Reuters) – The European Central Bank is expected to approve a request by Greek banks to resume the payment of dividends after 16 years, four bankers told Reuters on Wednesday, a further sign of the sector’s rebound. The Greek banking sector is returning to normality after three recapitalisations that led to …

ECB to approve Greek banks’ request to resume dividend payment after 16 years, sources say Read More »

FRANKFURT (Reuters) – Some euro zone banks have fallen short of the European Central Bank’s climate-related goals and may face fines, a senior ECB supervisor said in an interview published on Wednesday. The ECB has handed banks a list of deadlines for factoring in risks relating to climate change, from floods and droughts to a …

Some euro zone banks may be fined after missing ECB climate goal Read More »

PARIS (Reuters) – Stellantis on Wednesday said no additional recalls were planned over faulty airbags from a supplier after newspaper Le Parisien reported the carmaker was set to widen recalls for some Citroen models produced between 2009 and 2019. There is no further upcoming recall action planned at the moment, a company spokesperson said. Le …

Stellantis says no further recalls planned over airbag issues after paper reports carmaker widens campaign Read More »

LONDON (Reuters) -Crypto exchange Binance on Wednesday sought to throw out the vast majority of a London lawsuit worth up to 10 billion pounds ($12.8 billion) over claims it and other exchanges colluded to “delist” the Bitcoin Satoshi Vision (BSV) cryptocurrency. Binance and exchanges including Kraken are being sued at London’s Competition Appeal Tribunal (CAT) …

Crypto exchange Binance seeks to slash size of $13 billion UK lawsuit Read More »