Reuters UK Business

By Foo Yun Chee BRUSSELS (Reuters) -Amazon has not offered remedies to address concerns of EU antitrust regulators over its $1.4 billion acquisition of robot vacuum maker iRobot, according to an update on the European Commission website. The U.S. e-commerce giant had until Wednesday to do so. The European Commission’s competition officials in November sent …

Amazon has not offered remedies to EU concerns over iRobot deal Read More »

MADRID (Reuters) – Spanish airport operator Aena is considering buying Edinburgh airport, newspaper Expansion reported on Thursday, citing unidentified sources close to the sale process. U.S. fund Global Infrastructure Partners controls a 80.1% stake and expects to raise 2.5 billion pounds ($3.19 billion) from the sale, Expansion said, adding the fund has hired HSBC as …

Spain’s Aena considers buying Edinburgh airport, Expansion reports Read More »

By Amy-Jo Crowley LONDON (Reuters) – WPP is considering the sale of its 40% stake in Kantar, a person with knowledge of the situation said, which could be valued at up to $8 billion including debt. The London-headquartered advertising company is working with an adviser and is considering selling the stake in the market research …

WPP is considering sale of stake in Bain’s Kantar-source Read More »

By Jonathan Stempel (Reuters) -SAP, the German software company, agreed to pay about $222 million to resolve investigations into bribery schemes in seven countries, U.S. authorities said on Wednesday. The U.S. Department of Justice said SAP has entered a three-year deferred prosecution agreement to resolve criminal charges that it conspired to bribe government officials in …

SAP to pay $222 million to settle US bribery charges Read More »

By Abhirup Roy and Joseph White LAS VEGAS (Reuters) – As artificial intelligence becomes the new horsepower for car buyers, established automakers are redoubling efforts to match the digital features that set Tesla, BYD and other new rivals apart, industry executives and analysts said at the CES technology show in Las Vegas. More than a …

At CES, legacy automakers scramble to keep up in AI arms race Read More »

By Saqib Iqbal Ahmed and David Randall NEW YORK (Reuters) – A comparatively hawkish European Central Bank is likely to keep the dollar under pressure against the euro in the near term, though the greenback could recover later in the year as chances of a U.S. recession rise, Citigroup strategists said. “Tactically, we are a …

Citi sees US dollar weak in near term, rebounding later in 2024 Read More »

By Rajesh Kumar Singh, Tim Hepher and Allison Lampert CHICAGO (Reuters) – A cabin blowout at 16,000 feet and the grounding of more than 170 Boeing jets have rekindled frustration among airlines over the planemaker’s struggle to contain a series of safety and supply crises, industry officials and experts said. Alaska Airlines, which operated Friday’s …

Analysis-Boeing’s latest MAX problem creates more headache for airlines Read More »

By Jonathan Stempel (Reuters) – A judge in New York ruled on Wednesday that Danone must face a lawsuit challenging its “carbon neutral” claim on bottles of Evian spring water. Consumers in the proposed class action said they would not have bought Evian had they known that Danone’s manufacturing process allowed the release of carbon …

Danone must face Evian water ‘carbon neutral’ lawsuit Read More »