Reuters UK Business

By Kirstin Ridley and Sam Tobin LONDON (Reuters) -The “unfair” conviction of Tom Hayes, the first trader jailed worldwide for Libor rate rigging, should be overturned because the trial judge had made grave errors when directing the jury almost a decade ago, his lawyer told a London court on Thursday. Adrian Darbishire, representing Hayes, said …

Libor trader Hayes’ conviction should be quashed, lawyer tells UK court Read More »

BERLIN (Reuters) -Lufthansa on Thursday said it agreed with labour union Verdi to seek arbitration of the collective wage dispute after the latest round of negotiations over pay increases for the airline’s ground staff failed to reach results. “The arbitration process should be concluded as quickly as possible and there should be a peace obligation …

Lufthansa, workers union seek arbitration as wage dispute negotiations fail Read More »

By Tom Sims and Matthias Inverardi FRANKFURT (Reuters) -Vonovia, Germany’s largest landlord, on Thursday reported a 6.76 billion euro ($7.35 billion) loss for 2023 – its biggest ever – following further writedowns on the values of its properties, the latest sign of stress in the nation’s struggling real-estate sector. Germany is undergoing a major change …

Germany’s Vonovia posts record $7.35 billion loss amid property crisis Read More »

By Sam Tobin LONDON (Reuters) -An Australian computer scientist who claims he invented bitcoin is not “Satoshi Nakamoto”, the pseudonymous inventor of the cryptocurrency, a judge at London’s High Court ruled on Thursday. Craig Wright has long claimed to have been the author of a 2008 white paper, the foundational text of bitcoin, published under …

Self-proclaimed bitcoin inventor is not ‘Satoshi Nakamoto’, UK judge rules Read More »

By Ron Bousso LONDON (Reuters) -Shell weakened its 2030 carbon reduction target and scrapped a 2035 objective, citing expectations for lower power sales and strong demand for gas in the energy transition even as it affirmed a plan to cut emissions to net zero by 2050. The changes to the targets are a central pillar …

Shell scales back 2030 carbon emissions target Read More »

By Rachel More BERLIN (Reuters) -German arms manufacturer Rheinmetall said on Thursday it expected record sales and increased profitability this year, as the war in Ukraine drives up defence spending in the NATO bloc, in a trend set to buoy the company for years to come. Rheinmetall expects to crack the 10-billion-euro ($10.93 billion) mark …

Rheinmetall hails ‘new decade’ as defence spending drives up sales Read More »

LONDON (Reuters) – The settling down of post-pandemic turbulence and a cloudy economic outlook will rein in demand growth this year, the International Energy Agency said on Thursday, even as shipping disruptions provide a short-term boost. “(Growth) reverts towards its historical trend after the extreme volatility of the pandemic years,” the Paris-based agency said in …

IEA sees economic headwinds putting damper on demand growth Read More »

By Rajesh Kumar Singh NEW YORK (Reuters) – Airline executives are frustrated with Boeing as its safety crisis has upended their business plans. But in a tight market for large aircraft supplied by two companies, they have little choice but do business with the U.S. planemaker. Despite some public displays of alarm – United Airlines …

Analysis-Airlines try to leverage Boeing woes despite lack of alternatives Read More »