Reuters UK Business

By David Shepardson WASHINGTON (Reuters) -Amazon and robot vacuum maker iRobot said Monday they would end their plans to merge in the face of opposition from EU and U.S. antitrust regulators. iRobot announced a significant restructuring plan to reduce costs and said it would cut about 31% of its workforce, or 350 jobs. The company …

Amazon, Roomba-parent iRobot abandon $1.4 billion merger deal Read More »

By Gilles Guillaume and Charlotte Van Campenhout PARIS (Reuters) -Renault on Monday ditched plans to list its electric vehicle business Ampere because of sluggish stock market conditions. In September, Luca de Meo, CEO of both the Renault Group and Ampere, said the IPO could be worth up to 10 billion euros. EV demand in Europe …

France’s Renault scraps IPO of EV business Ampere Read More »

PARIS (Reuters) – French President Emmanuel Macron has told the European Commission that it was impossible to conclude trade deal negotiations with South America’s Mercosur bloc and understands the EU has put an end to the talks, his office said on Monday. Farmers have staged massive protests in France over the past few weeks, angry …

France says EU Commission to end trade deal talks with Mercosur countries Read More »

LONDON (Reuters) – Pandora, the world’s largest jeweller by amount of products sold, has stopped using mined silver and gold and now only manufactures with recycled precious metals, which require less energy to produce. The Danish company, known for its $65 to $95 charm bracelets, buys around 340 tonnes of silver and one tonne of …

World’s biggest jeweller Pandora stops using mined silver and gold Read More »

By Stefania Spezzati and Oliver Hirt LONDON/ZURICH (Reuters) – UBS is forging ahead with its integration of Credit Suisse but two key investors fear the Swiss bank could be on a collision course with regulators because of its size. UBS took over its rival in a state-orchestrated rescue last year, creating a bank with a …

Two key UBS investors worry about bank’s size, regulatory friction Read More »

By Bart H. Meijer AMSTERDAM (Reuters) -Dutch health technology company Philips will not sell new devices to treat sleep apnea in the U.S. in the coming years as it works to comply with a settlement with the Food and Drug Administration (FDA) announced on Monday. The agreement followed the recall of millions of breathing devices …

Philips’ US sales of sleep apnea devices face years-long halt after FDA deal Read More »

By Sergio Goncalves and Andrei Khalip LISBON (Reuters) – The European Central Bank (ECB) should start bringing down interest rates sooner rather than later, and in small steps rather than abruptly, ECB Governing Council member Mario Centeno told Reuters. The ECB held its key rate at a record-high 4% on Thursday, a decision Centeno agreed …

ECB’s Centeno says rate cuts should start sooner rather than later Read More »