Reuters UK Business Archives - Page 207 of 3179

TechMet to add to portfolio, fears Europe losing battle for critical minerals

3 Nov 2025 3 Nov 2025

By Eric Onstad LONDON (Reuters) -The CEO of U.S.-backed investment vehicle TechMet is evaluating portfolio additions, including bidding for a Ukraine lithium deposit, but worries that Europe is lagging behind the U.S. in building a critical minerals sector to reduce Chinese dominance. Privately-held TechMet, which has stakes in 10 companies, ranging from Brazilian Nickel to …

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Italy’s new car sales down 0.57% year-on-year in October

3 Nov 2025 3 Nov 2025

ROME (Reuters) -Sales of new cars in Italy fell in October by 0.57% year-on-year to 125,826 units, transport ministry data showed on Monday. In the first ten months of the year, sales were down 2.66% to 1.33 million compared to the same period of 2024, the ministry said. Market leader Stellantis, whose brands include Fiat, …

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Google owner Alphabet to tap US dollar, euro bond markets

3 Nov 2025 3 Nov 2025

By Matt Tracy WASHINGTON (Reuters) -Google owner Alphabet is tapping the U.S. dollar and euro debt markets in a multi-tranche senior unsecured notes offering. The digital media and tech giant will use the proceeds from the note sale for general corporate purposes, including the potential repayment of a portion of its outstanding debt, according to …

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Novo Nordisk says Metsera bid won’t raise antitrust issues

3 Nov 2025 3 Nov 2025

COPENHAGEN (Reuters) -Denmark’s Novo Nordisk said on Monday it is confident that its proposed takeover of U.S. drugmaker Metsera does not raise any antitrust issues. Novo Nordisk last week launched a rival bid for obesity biotech Metsera, exceeding an offer from Pfizer as the drugmakers jostled for advantage in the highly lucrative market for weight-loss …

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Lilly to build $3 billion Dutch plant to boost weight-loss pill production

3 Nov 2025 3 Nov 2025

By Mariam Sunny (Reuters) -Eli Lilly said on Monday it plans to build a new $3 billion manufacturing plant in the Netherlands to expand the production capacity for its keenly watched experimental weight-loss pill, orforglipron, and other oral medicines. Lilly, the world’s most valuable pharmaceutical company by market capitalization, has invested billions of dollars in …

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German auto parts sector rushes to get China exemptions for Nexperia chip exports

3 Nov 2025 3 Nov 2025

By Eduardo Baptista, Rachel More and Toby Sterling BEIJING/BERLIN/AMSTERDAM (Reuters) -Automotive suppliers were rushing for exemptions to Chinese export restrictions on Nexperia chips on Monday, hoping for a political solution to a trade stand-off that has caused alarm over possible production stoppages in the car industry. A fight over Nexperia, which makes large volumes of …

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Tesla sales resume fall in European markets in October

3 Nov 2025 3 Nov 2025

By Nick Carey LONDON (Reuters) -Tesla’s sales plunged in October in a number of European countries including Spain, the Netherlands and Nordic markets in the latest sign that the U.S. electric vehicle maker’s struggles on the continent continue. Tesla had seen sales rise in a number of European markets in September, after falling for most of …

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Heineken trumpets 2030 plan but investors want results

3 Nov 2025 3 Nov 2025

By Emma Rumney LONDON (Reuters) -Heineken has pledged to bolster its revenue and cut costs, but investors in the world’s No. 2 beer maker say tougher steps, including plant closures, may be needed to get its business up to speed. CEO Dolf van den Brink, at the helm of the 39 billion euro brewer since …

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European banks increase reliance on US dollar funding, EU regulator finds

3 Nov 2025 3 Nov 2025

By Valentina Za and Stefania Spezzati MILAN/LONDON (Reuters) -European banks increased their reliance on U.S. dollars last year, Europe’s banking regulator said on Monday, amid growing concerns about the region’s vulnerability should dollar financing dry up. Banks globally have significant dollar exposure in their balance sheets, making them vulnerable to potential funding shocks. Dollar funding …

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Beyond Meat delays quarterly earnings report to November 11

3 Nov 2025 3 Nov 2025

(Reuters) -Beyond Meat said it is delaying its third-quarter results report by a week as it requires more time to quantify an impairment charge related to some of its assets, sending its shares about 12% lower in early trading on Monday. The plant-based meat maker, whose shares have recently seen a meme-stock frenzy, will now …

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