(Reuters) -British lender Metro Bank on Saturday rejected a series of takeover approaches from specialist business lender Shawbrook and later held talks with bondholders about an equity injection alongside a debt restructuring, media reports said. Metro Bank rejected a series of takeover approaches from Shawbrook, including one made in the second half of September, Sky …
BERLIN (Reuters) – The auto battery parts joint venture between Volkswagen’s PowerCo and Belgian materials firm Umicore has chosen Poland as the site for its first factory, PowerCo said on Saturday. Through the $2.9 billion joint venture, dubbed Ionway, first flagged in December 2021, the companies are joining a number of European automakers that have …
Volkswagen, Umicore venture picks Poland for first car battery parts plant Read More »
By Graham Keeley and Tim Hepher MADRID (Reuters) -Spanish company PLD Space launched its recoverable Miura-1 rocket early on Saturday from a site in southwest Spain, carrying out Europe’s first fully private rocket launch in a glimmer of hope for the region’s stalled space ambitions. The startup’s test night-time launch from Huelva came after two …
Spain’s PLD Space launches private rocket in milestone for Europe Read More »
DUBLIN (Reuters) – Ireland is set to collect 0.6% less tax than expected this year following a recent fall in corporate receipts and deliver a lower than forecast budget surplus that Tuesday’s budget will further eat into, finance ministry data showed on Saturday. Ireland has collected record levels of tax in recent years, driven by …
Ireland trims 2023 budget surplus, corporate tax forecasts Read More »
By Joey Roulette WASHINGTON (Reuters) -Amazon’s first pair of prototype satellites for its planned Kuiper internet network were launched into space on Friday from Florida, the company’s first step before it deploys thousands more into orbit to beam internet service globally and compete with SpaceX’s Starlink. A United Launch Alliance Atlas 5 rocket emblazoned with …
Amazon launches first test satellites for Kuiper internet network Read More »
By Tom Hals (Reuters) -Elon Musk was sued by the U.S. securities regulator related to his takeover of Twitter, the latest court battle against the billionaire whose empire spans electric carmaker Tesla, space startup SpaceX and brain-chip startup Neuralink. Below is a list of Musk’s legal entanglements. TWITTER LAWSUITS The U.S. Securities and Exchange Commission …
By Iain Withers and Anousha Sakoui LONDON (Reuters) -British lender Metro Bank is set to discuss funding options with its shareholders over the weekend, a source with knowledge of the matter told Reuters, as the lender seeks to shore up its finances and assure regulators after a volatile week of trading. Metro Bank is considering …
Metro Bank to discuss funding options with shareholders this weekend -source Read More »
By Sachin Ravikumar LONDON (Reuters) -Snapchat may have failed to properly assess privacy risks to children from its artificial intelligence chatbot, Britain’s data watchdog said on Friday, adding it would consider the company’s response before making any final enforcement decision. The Information Commissioner’s Office (ICO) said if the U.S. company fails to adequately address the …
Snapchat’s AI chatbot may pose privacy risk to children, says UK watchdog Read More »
By Elizabeth Howcroft and Medha Singh LONDON (Reuters) – For Lee Rees, 43, FTX was one of a handful of exchanges on which the London-based cryptocurrency trader earned a good living, profiting off fleeting price differences across the crypto market. When FTX collapsed last year, it took $100,000 of Rees’ money, around half his annual …
FTX customers are still grappling with crypto platform’s collapse Read More »
(Reuters) -British Airways-owner IAG is in talks with Boeing and Airbus for a potential order for widebody aircraft, Bloomberg News reported on Friday, citing people familiar with the matter. Orders for long-distance widebody jets have rebounded as carriers try to inject newer planes into their fleet to meet higher international travel demand. IAG is seeking …
IAG in talks with Airbus, Boeing on potential widebody order – Bloomberg News Read More »
