Reuters UK Business

By Stephen Nellis (Reuters) -Microsoft President Brad Smith said the tech company’s high profile deal with the United Arab Emirates-backed AI firm G42 could eventually involve the transfer of sophisticated chips and tools – a move that a senior Republican congressman warned could have national security implications. In an interview with Reuters this week, Smith …

Microsoft’s UAE deal could transfer key U.S. chips and AI technology abroad Read More »

LONDON/BRUSSELS (Reuters) – Securities trading inside banks will have to meet new clock synchronisation requirements under rules proposed on Thursday for Europe’s first real-time record of bond prices, the European Union’s markets watchdog said. The EU has approved a law requiring trading platforms to hand over prices data for bonds and stocks, for a “reasonable” …

EU watchdog sets out blueprint for first real-time bond tape Read More »

By David Shepardson WASHINGTON (Reuters) – U.S. planemaker Boeing faces a “long road” to address safety issues, the head of the Federal Aviation Administration said on Thursday as it prepares to receive the company’s plan to address concerns. In late February, FAA Administrator Mike Whitaker gave Boeing 90 days to develop a comprehensive plan to …

Boeing faces ‘long road’ on safety issues, US FAA says Read More »

LONDON (Reuters) – Banking giant HSBC has been fined 6.2 million pounds ($7.9 million) for failing to treat financially-stretched customers fairly, Britain’s Financial Conduct Authority (FCA) said on Thursday. The FCA said it had imposed the penalty on the bank’s HSBC UK Bank Plc, HSBC Bank Plc and Marks and Spencer Financial Services units because …

HSBC fined for not treating cash-strapped customers fairly Read More »

(Reuters) – Boeing’s cash flow situation is incrementally worse than their expectations, an S&P Global Ratings analyst said, after the company said it would be cash-flow negative in 2024. Boeing currently has a BBB- rating from S&P, one level above “junk” status, with a negative credit rating outlook. The rating agency changed that outlook in …

Boeing’s cash flow situation is worse than expectations, S&P analyst says Read More »

By Marianna Parraga HOUSTON (Reuters) – Spain’s Repsol has received a license from the U.S. Treasury Department authorizing the energy company to continue and expand its oil and gas business in Venezuela, sources close to the decision said on Thursday. Repsol has several joint ventures with Venezuela’s state oil company PDVSA to produce crude and …

Spain’s Repsol receives US license for Venezuela oil, gas projects -sources Read More »

(Reuters) – Supermarket group Ahold Delhaize said on Thursday it will close an undisclosed number of underperforming Stop & Shop grocery stores in the U.S. this year. Ahold Delhaize declined to disclose the number of shops affected, saying it would do so later in the year. “Stop & Shop has already evaluated its overall portfolio …

Ahold Delhaize to close underperforming US Stop & Shop stores Read More »

By Sam Tobin LONDON (Reuters) – Tesla on Thursday asked a London court to allow its lawsuit against U.S. technology firm InterDigital and a patent licensing platform to continue, as the automaker seeks a patent licence ahead of its launch of 5G vehicles in Britain. Elon Musk’s company is suing InterDigital and Avanci – which …

Tesla asks UK court to let 5G patents lawsuit continue to trial Read More »

By Abhirup Roy and Jody Godoy SAN FRANCISCO (Reuters) -Mike Lynch, the tech founder once hailed as Britain’s answer to Steve Jobs, denied wrongdoing at his fraud trial on Thursday in connection with Hewlett-Packard’s disastrous $11 billion acquisition of his software company in 2011. Under questioning from his lawyer, Christopher Morvillo, Lynch said he was …

British tech founder Mike Lynch denies defrauding HP at US criminal trial Read More »