Reuters UK Business

By Emma Pinedo and Elizabeth Howcroft MADRID (Reuters) – Spain’s High Court on Monday upheld a temporary ban on Worldcoin’s iris-scanning venture, the latest blow to a project that has sparked privacy concerns in several countries. The court said the “safeguarding of the public interest” must prevail, dismissing an appeal by Worldcoin’s owners who asked …

Spain’s High Court upholds temporary ban on Worldcoin iris-scanning venture Read More »

LONDON (Reuters) – Britain has a long way to go for inflation pressures to be consistent with the Bank of England’s 2% target, one of the central bank’s policymakers, Catherine Mann, said on Monday. “We have a long way to go on both of them (services and goods inflation),” she told an event organised by …

BoE’s Mann: long way for inflation pressures to be consistent with 2% target Read More »

By Martin Coulter LONDON (Reuters) – An influx of artificial intelligence (AI) startups is heating up the battle for technical talent in Europe, leaving companies like Google DeepMind to choose between paying big or losing out on the region’s best minds. The runaway success of OpenAI’s ChatGPT has energised investors, who have been pouring money …

Analysis-AI talent war heats up in Europe Read More »

MILAN (Reuters) – Telecom Italia’s (TIM) pro-forma net debt following its planned landline network sale will rise to about 7.5 billion euros ($8.2 billion) this year, the company said after a special board meeting to analyse a market rout of its shares. TIM held an extraordinary board meeting on Sunday, after the presentation of its …

Italy’s TIM sees net debt rising in 2024 after network sale Read More »

By James Davey LONDON (Reuters) – As British shoppers try to stretch their spending further each week, supermarket leaders Tesco and Sainsbury’s are using their superior financial firepower to win over customers from debt-laden rivals struggling to compete. A recent survey from consumer group Which? found the two groups outperformed their privately owned rivals Asda …

Analysis-As Tesco and Sainsbury’s seize the moment, UK grocery laggards face uphill task Read More »

FRANKFURT (Reuters) -Tesla’s German gigafactory near Berlin could be supplied with electricity again from Monday, the power firm in charge of fixing the outage, which began on March 5, said. E.dis, a division of German energy network firm E.ON, said speedy weekend assembly work meant there was a chance power could restart in the evening …

Tesla’s German gigafactory could get power Monday, energy firm says Read More »