Reuters UK Business

By Jonathan Saul and Lisa Baertlein LONDON/LOS ANGELES (Reuters) -Container shipping rates for key global trade routes have soared this week, with U.S. and UK air strikes on Yemen stirring fears of a prolonged disruption to global trade in Red Sea, one of the world’s busiest routes, industry officials said on Friday. U.S. and British …

Container rates soar on concerns of prolonged Red Sea disruption, inflation Read More »

(Reuters) – Universal Music Group will lay off some employees in 2024, a company spokesperson said on Friday, making the world’s largest record label the latest to join a wave of layoffs this year. Universal Music Group (UMG) may cut hundreds of jobs in the first quarter, mostly in its recorded music division, Bloomberg News …

Universal Music Group to lay off some employees Read More »

By Chris Prentice and Jonathan Stempel NEW YORK (Reuters) -Morgan Stanley agreed to pay $249.4 million to end years-long criminal and civil investigations into its handling of large stock trades for customers, U.S. authorities said on Friday. The settlements with the Department of Justice and Securities and Exchange Commission resolve charges of deception, fraud and …

Morgan Stanley to pay $249 million to end block trading probe Read More »

(Reuters) -Germany’s largest lender Deutsche Bank AG has stepped up internal discussions about mergers and acquisition deals involving European lenders like Commerzbank AG and ABN Amro Bank NV, Bloomberg News reported on Friday. Deutsche Bank has not formally mandated any investment bank to help with its deal hunt nor has it held talks with any …

Deutsche Bank discussing deals involving Commerzbank, ABN Amro – Bloomberg News Read More »

By Elizabeth Howcroft and Eva Mathews (Reuters) -Metro Bank on Friday said its chief financial officer James Hopkinson would leave the British lender during the first quarter of 2024, less than two years after his appointment. A Metro Bank spokesperson said Hopkinson was leaving for personal reasons. Reuters was not immediately able to contact Hopkinson, …

Metro Bank CFO Hopkinson exits after less than 2 years Read More »

By John Revill ZURICH (Reuters) – ABB has bought a company specialising in boosting the mobility of industrial robots – by using artificial intelligence and 3D vision to move around factories and warehouses. The deal to buy Sevensense, a Swiss start-up, is the latest robotics investment by ABB and follows growing demand for industrial robots …

ABB buys tech company to give industrial robots eyes and brains Read More »