Reuters UK Business

By Martin Coulter, Foo Yun Chee and Supantha Mukherjee LONDON (Reuters) -Apple faces strong action if changes to its App Store do not meet incoming European Union regulations, the bloc’s industry chief said on Friday. In a move designed to comply with the EU’s incoming Digital Markets Act (DMA), the company will soon allow software …

Exclusive-Apple faces ‘strong action’ if App Store changes fall short, EU’s Breton says Read More »

By Joanna Plucinska LONDON (Reuters) -Global regulators, aviation security specialists and manufacturers failed to reach an agreement on a quick technical fix to the problem of GPS spoofing near war zones at meeting on Thursday, instead calling for better training of pilots to deal with the issue, according to two sources briefed on the talks. …

Aviation sector sees no fast tech solution to GPS interference problem Read More »

ROME (Reuters) – Italy’s privacy watchdog has fined the northern city of Trento for breaking data protection rules in the way it used artificial intelligence (AI) in street surveillance projects. Trento was fined 50,000 euros ($54,225) and told to delete all data gathered in two European Union-funded projects. It is the first local administration in …

Italy fines first city for privacy breaches in use of AI Read More »

(In headline and first paragraph, corrects proportion of stores from a quarter to a fifth; in third paragraph, corrects number of stores from 91 to 133 and changes attribution from the annual report to the company) MADRID (Reuters) – Swedish fashion retailer H&M announced on Friday a plan to close down more than a fifth …

H&M to shut a fifth of Spanish stores, lay off 588 workers Read More »

PARIS (Reuters) -Uber said on Friday it had filed a legal appeal against the Paris mayor’s office regarding restrictions placed upon so-called VTCs, tourist vehicles with drivers, in the capital. “Uber has filed an appeal to overturn Paris Mayor Anne Hidalgo’s decision to uphold her decree excluding VTCs from rue de Rivoli and rue Saint-Antoine,” …

Uber files legal appeal against Paris mayor’s transport restrictions Read More »

MADRID (Reuters) -Spanish pharmaceutical company Grifols said on Friday it filed a lawsuit in a U.S. court against the founder of short-seller fund Gotham City Research, Daniel Yu, and his company, seeking damages over a report suggesting accounting irregularities at Grifols. The lawsuit, filed in U.S. District Court in Manhattan, also named as defendants Portsea …

Spain’s Grifols sues Gotham City fund, JV over damaging report Read More »

(Corrects first paragraph to show the holding dropped to 0.92% from 3.18%) FRANKFURT (Reuters) – The holding by a top investor in Deutsche Bank, Douglas Braunstein of Hudson Executive Capital, dropped to 0.92% from 3.18%, according to a filing on Friday. Braunstein, a former finance chief of JP Morgan Chase, invested in Deutsche in 2018, …

Holding by top Deutsche Bank investor drops to 0.92% from 3.18% – filing Read More »

By Prerna Bedi (Reuters) -British fashion retailer Superdry does not expect market conditions to improve in the near term after a tough Christmas season, it said on Friday, adding that finance chief Shaun Wills will step down at the end of March. Superdry, known for its jackets and clothing inspired by American vintage styles and …

Superdry reports drop in Christmas sales, says CFO to depart Read More »