Reuters UK Business

Stellantis ties up with Nvidia, Uber to advance robotaxi development

28 Oct 2025

(Reuters) -Stellantis said on Tuesday it has partnered with Nvidia, Uber and Foxconn to explore the joint development of autonomous vehicles, aiming to tap into the booming demand for self-driving cars. The collaboration seeks to integrate Nvidia’s autonomous driving software and AI computing, Uber’s ride-hailing operations and Foxconn’s electronics with Stellantis’ manufacturing capability to deploy …

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EU deforestation law proposal frustrates Brazilian exporters, Rabobank says

28 Oct 2025

By Roberto Samora SAO PAULO (Reuters) -A new proposal by the European Commission to ease its anti-deforestation law has disappointed Brazilian agribusiness exporters who made early investments to comply with the rules, Rabobank analysts said in a report seen by Reuters. WHY IT’S IMPORTANT Brazilian exporters of soybean, beef and coffee have invested to secure …

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EU resumes scrutiny of Universal’s Downtown deal, sets February 6 deadline

28 Oct 2025

BRUSSELS (Reuters) -EU antitrust regulators have resumed their investigation into Universal Music Group unit Virgin Music Group’s $775-million bid for Downtown Music with a new deadline of February 6 for their decision, according to an update on the European Commission website. The EU competition watchdog, which halted its scrutiny on September 2 while waiting for …

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Chipmaker GlobalFoundries to expand German facility with 1.1 billion euro investment

28 Oct 2025

(Reuters) -U.S. chipmaker GlobalFoundries on Tuesday said it will invest 1.1 billion euros ($1.28 billion) to expand manufacturing capabilities at its German facility as it looks to increase production. The Dresden site investment will expand the production capacity to exceed one million wafers annually by the end of 2028, the chipmaker said in a statement. …

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BNP says it would be open to UniCredit asset management deal as report casts doubt over Amundi

28 Oct 2025

By Mathieu Rosemain, Valentina Za and Harshita Meenaktshi PARIS/MILAN (Reuters) -BNP Paribas on Tuesday said it would be open to an asset management partnership with UniCredit, amid reports the Italian bank was accelerating efforts to end its ties with French fund manager Amundi. With a renewal of the distribution contract between UniCredit and Amundi long …

BNP says it would be open to UniCredit asset management deal as report casts doubt over Amundi Read More »

Temenos raises guidance after Q3 profit beat, CEO search continues

28 Oct 2025

(Reuters) -Banking software company Temenos raised its 2025 outlook on Tuesday and reported third quarter earnings which were ahead of market expectations while stating its search for a new chief executive continues. In early September Temenos parted ways with CEO Jean-Pierre Brulard, who had been in the position for only 16 months. The company appointed …

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Italy’s Leonardo to sell 9.4% Avio stake to participate in capital hike

28 Oct 2025

MILAN (Reuters) -Italy’s aerospace and defence group Leonardo said on Tuesday it was selling a 9.4% stake in rocket maker Avio through an accelerated bookbuilding to institutional investors.  Leonardo, which will maintain a 19% holding, said it would use the proceeds from the sale of about 2.6 million Avio shares to subscribe to the rocket …

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PayPal flags smaller basket sizes, cautious shoppers amid macro uncertainty

28 Oct 2025

By Manya Saini (Reuters) -PayPal saw a slowdown in payments activity in September that continued into October across both the U.S. and Europe, as consumers became more selective in their purchases, CFO Jamie Miller told analysts on a call. Shares of the company, which had initially jumped 17% after PayPal announced a partnership with OpenAI …

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From non-profit roots to for-profit ambitions: the OpenAI saga

28 Oct 2025

(Reuters) -Microsoft and OpenAI reached a deal to allow the ChatGPT maker to restructure itself into a public benefit corporation, valuing OpenAI at $500 billion and giving it more freedom in its business operations. The Windows-maker will still hold a stake of about $135 billion, or roughly 27%, in OpenAI Group PBC, which will be …

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Moncler posts smaller than forecast decline in quarterly revenues

28 Oct 2025

MILAN (Reuters) -Revenues at Italian luxury outerwear group Moncler fell 1% at constant exchange rates in the third quarter, hit by weak tourist demand in Europe and Japan despite an increase in sales in the Americas. The Milan-based group, best known for its glamorous puffer jackets, posted revenues of 616 million euros ($718 million) for …

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