Reuters UK Business

By Elisa Anzolin and Emma Rumney MILAN/LONDON (Reuters) -Italy’s Campari on Thursday agreed to buy historic French cognac house Courvoisier from Beam Suntory for $1.2 billion, marking a big push into brandy with Campari’s biggest acquisition on record. The purchase of a top four cognac brandy is the crowning achievement for Chief Executive Bob Kunze-Concewitz, …

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LONDON (Reuters) – Britain’s financial watchdog urged companies that rate other businesses’ sustainability efforts to sign up to a new voluntary code of conduct, ahead of possible regulations for an industry that channels hundreds of billions of dollars in investments. The code of conduct was drawn up by the International Capital Market Association, a fixed-income …

UK watchdog urges ESG raters to adhere to new code ahead of possible rules Read More »

By Abigail Summerville (Reuters) – Unilever Plc is in advanced talks to sell Elida Beauty, a division that includes non-core beauty and personal care brands such as Q-Tips and Impulse, to private equity firm Yellow Wood Partners, people familiar with the matter said on Thursday. Elida’s brands also include Caress, TIGI, Timotei, Monsavon, St. Ives, …

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By Supantha Mukherjee, Martin Coulter and Foo Yun Chee STOCKHOLM/BRUSSELS/LONDON (Reuters) – European Union countries and lawmakers last week agreed a provisional deal for artificial intelligence rules aimed at establishing guardrails for the rapid development of AI and setting a global standard in technology regulation. The long road to the EU AI Act started in …

Explainer-What’s next for the EU AI Act? Read More »

By John O’Donnell FRANKFURT/BRUSSELS (Reuters) -Austria is seeking to have Raiffeisen Bank International, the biggest Western bank in Russia, struck off a Ukrainian blacklist in return for signing off fresh European Union sanctions on Russia, said two people familiar with the situation. Austria and the bank wants it to be taken off a Ukrainian list …

Exclusive-Austria blocks Russian sanctions over Raiffeisen blacklisting – sources Read More »

BRUSSELS (Reuters) – Europe’s top court on Thursday scrapped an EU order for Amazon to pay 250 million euros ($273 million) in back taxes to Luxembourg, part of EU antitrust chief Margrethe Vestager’s crackdown against sweetheart deals between multinationals and EU countries. “The Court of Justice confirms that the (European) Commission has not established that …

EU top court scraps 250 million euro tax order vs Amazon Read More »