Reuters UK Business

By Ludwig Burger FRANKFURT (Reuters) – Eli Lilly’s Mounjaro is being launched in Britain this week, two pharmacy companies said on Wednesday, making the UK the fourth European country to introduce the highly-anticipated obesity drug. British pharmacy and beauty chain Superdrug said on Wednesday that eligible private patients could seek prescriptions for Mounjaro, also approved …

Britain sees launch of Lilly’s weight-loss drug Mounjaro Read More »

LONDON (Reuters) -British taxpayer-backed bank NatWest is preparing to appoint Paul Thwaite, its interim chief executive, as the permanent successor to former CEO Alison Rose, Sky News reported on Wednesday. NatWest has been searching for a new CEO after Rose was forced to leave last year following a row between the bank and former Brexit …

NatWest to appoint Paul Thwaite as permanent CEO -Sky News Read More »

ROME (Reuters) -Italy has been working for months to attract another carmaker to the country alongside Fiat-owner Stellantis, Industry Minister Adolfo Urso said on Wednesday. Urso’s comments follow a clash between Rome’s rightist government led by Prime Minister Giorgia Meloni and Stellantis over production levels in Italy. In December, Stellantis’ strongest brand in the country, …

Italy working to bring in another carmaker besides Stellantis Read More »

By Gilles Guillaume and Nick Carey (Reuters) -French automaker Renault on Wednesday reported a slightly lower than expected full-year 2023 net profit, but posted margin and revenue gains and offered more cash to investors with a huge increase in its dividend. Renault said it would propose a dividend of 1.85 euros ($1.98) for 2023, up …

Renault posts lower-than-expected FY profit, ups dividend Read More »

By Emma Farge GENEVA (Reuters) – Ministers from across the globe are convening for a World Trade Organization meeting in Abu Dhabi between Feb 26.-29 to try to broker deals, including on reforming its hobbled dispute system and cutting fishing subsidies. The high-level meeting which takes place every two years, comes amid growing disregard for …

Explainer-What’s at stake at the WTO’s next meeting in Abu Dhabi? Read More »

By Olivier Sorgho (Reuters) -Technology company Nokia on Wednesday unveiled an AI-powered tool that generates messages for industrial workers, including warnings about faulty machinery based on real-time data and recommended ways to boost factory output. The tool, “MX Workmate”, will expand on Nokia’s existing communications technology used by industrial clients by harnessing generative AI large …

Nokia unveils AI assistant for industrial workers Read More »

By Shubham Batra (Reuters) – European shares edged higher on Wednesday as a softer-than-expected UK inflation boosted hopes of imminent interest-rate cuts by the Bank of England, while investors awaited more economic data from euro zone later in the day. Global markets are still recovering from a higher-than-expected inflation reading in the United States, which …

European shares rise as soft UK inflation boosts sentiment Read More »

By Suban Abdulla LONDON (Reuters) – British inflation unexpectedly held steady at 4.0% in January, defying forecasts of a rise, official data showed, offering relief for the Bank of England (BoE) and Prime Minister Rishi Sunak too ahead of a national election expected this year. Economists polled by Reuters had forecast an increase in the …

UK inflation holds at 4.0% in relief for BoE and Sunak Read More »