Reuters UK Business

By Howard Schneider and Lindsay Dunsmuir WASHINGTON (Reuters) – The Federal Reserve left interest rates unchanged on Wednesday but took a major step towards lowering them in coming months in a policy statement that tempered inflation concerns with other risks to the economy and dropped a longstanding reference to possible further hikes in borrowing costs. …

Fed says more ‘confidence’ needed on inflation front before rate cuts can start Read More »

AMSTERDAM (Reuters) -The Dutch data protection authority (DPA) on Wednesday fined Uber 10 million euros ($11 million) for infringement of privacy regulations regarding its drivers’ personal data. The DPA found that Uber had not specified in its terms and conditions for how long it retained its drivers’ personal data, or how it secured the data …

Dutch watchdog fines Uber 10 million euros over privacy regulations infringement Read More »

By Oliver Hirt and Noele Illien ZURICH (Reuters) -Julius Baer CEO Philipp Rickenbacher is set to leave, a source with knowledge of the matter said, as the Swiss bank deals with the fallout from its exposure to collapsed property group Signa. Rickenbacher will be replaced by his deputy, Nic Dreckmann, the Financial Times and Bloomberg …

Julius Baer CEO Rickenbacher set to leave the Swiss bank -source Read More »

By Jeffrey Dastin and Samrhitha A (Reuters) -Tech giants on Tuesday talked up how customers are lapping up their generative AI-powered products, but mounting costs of developing the cutting-edge features irked investors hoping for a big boost to sales from the new technology. Shares of Alphabet closed 7.5% lower, while those of Microsoft fell 2.7%, …

Investors punish Microsoft, Alphabet as AI returns fall short of lofty expectations Read More »

LONDON (Reuters) – Aircraft leasing firms have secured settlements with Russia totalling more than $2.5 billion for over a quarter of the roughly 400 aircraft stuck in the country since Moscow’s invasion of Ukraine in 2022. In return, international lessors are handing ownership of the planes to state insurance company NSK, which will transfer them …

Factbox-Aviation lessor settlements with Russia over trapped planes Read More »

By Hyunjoo Jin and Tom Hals (Reuters) – After a Delaware court threw out Elon Musk’s $56 billion pay package on Tuesday, the Tesla chief executive and a board seen as captive to him must find a way to negotiate a replacement contract. It will not be easy. The ruling is spurring on investors who …

What happens to Musk’s Tesla pay after $56 billion package thrown out? It is complicated Read More »

By Clark Mindock (Reuters) – A group of 25 California counties have sued Elon Musk’s Tesla, claiming the electric vehicle maker mishandled hazardous waste at its facilities across the state. The lawsuit from Los Angeles, Alameda, San Joaquin, San Francisco and other counties was filed on Tuesday in California state court. It seeks civil penalties …

Tesla sued by California counties over hazardous waste Read More »

By Jonathan Stempel NEW YORK (Reuters) – Boeing has been sued by shareholders who said the company prioritized profit over safety and misled them about its commitment to making safe aircraft, prior to the Jan. 5 mid-air cabin panel blowout on an Alaskan Airlines 737 MAX 9. According to a proposed class action filed on …

Boeing is sued by shareholders following MAX 9 blowout Read More »