Reuters UK Business

By Foo Yun Chee BRUSSELS (Reuters) – EU countries and lawmakers may have to meet for yet another round of talks to hammer out crucial details of rules for artificial intelligence even if they clinch a deal on Wednesday, French Digital Minister Jean-Noel Barrot said on Tuesday. Both sides and the European Commission, which drafted …

More talks required on AI rules even if there is a deal, French minister says Read More »

By Martin Coulter LONDON (Reuters) -Amazon has told Britain’s antitrust authority its rival Microsoft uses business practices that restrict customer choice in the cloud computing market, the second major company to criticise the U.S. tech giant’s operations. Britain’s Competition and Markets Authority (CMA) launched an investigation into the country’s cloud computing industry in October, following …

Amazon latest to criticise Microsoft in UK cloud market probe Read More »

(Reuters) – German defence contractor Hensoldt said on Tuesday it acquired defence systems integrator ESG Elektroniksystem for an enterprise value of 675 million euros ($727.79 million), along with an earn-out of up to 55 million euros. Hensoldt’s key shareholders, Germany and Italy’s state-controlled defence and aerospace group Leonardo , also support the deal. It expects …

Hensoldt acquires ESG Elektroniksystem in $728 million deal Read More »

FRANKFURT (Reuters) – Germany’s Merck KGaA said on Tuesday the company’s experimental multiple sclerosis drug evobrutinib did not meet the primary goal in highly anticipated late-stage trials. Phase III trial results for the drug evobrutinib in relapsing multiple sclerosis did not meet the primary endpoint of reducing annualized relapse rates compared to Sanofi’s established pill …

Merck KGaA says MS drug fails in late-stage trials Read More »

MADRID (Reuters) – Spanish fashion retailer Zara is expanding its service to sell, repair or donate second-hand clothes in several European countries from Dec. 12, the company said on Tuesday, as the market for used apparel grows. The service called ‘Pre-Owned’ is already available in the United Kingdom and France through Zara’s stores, its website …

Zara expands second-hand platform to 14 European countries Read More »

(Reuters) -Diageo is seeking to divest its beer portfolio on margin concerns, except flagship brand Guinness, Axios reported on Tuesday, citing sources familiar with the world’s largest spirits maker. The company is looking to sell beer brands including Smithwick’s, Kilkenny and Harp Lager, based in Ireland, and Tusker in Kenya, among others, Axios reported, adding …

Spirits giant Diageo seeks to sell beer portfolio on margin concerns- Axios Read More »

By Supantha Mukherjee STOCKHOLM (Reuters) – AT&T has chosen Ericsson to build a telecom network using a new cost-cutting technology ORAN that will cover 70% of its wireless traffic in the United States by late 2026. The $14 billion, five-year deal will boost Ericsson’s share in one of the largest telecom players in the world, …

Ericsson shares jump after AT&T deal win, Nokia drops Read More »

By Stefano Rebaudo (Reuters) – Sterling hovered around its highest levels in almost three months against the euro on Tuesday, as markets raised their bets on rate cuts by the European Central Bank, which widened their divergence with the Bank of England. Higher interest rates attract investors’ demand and boost the value of a currency. …

Sterling close to 3-month high versus euro as markets bet on ECB rate cuts Read More »