Reuters UK Business

FRANKFURT (Reuters) – German auto parts supplier Continental is considering whether it is the most suitable owner for its ContiTech unit, CEO Nikolai Setzer said in an interview with Germany’s Welt Am Sonntag newspaper. “The ContiTech business is being developed independently and we are examining whether we are still the best owner for it,” Setzer …

Continental CEO reviews future ownership of ContiTech – Welt Am Sonntag Read More »

By Echo Wang NEW YORK (Reuters) – Arm Holdings Ltd is targeting a valuation between $50 billion to $55 billion for its much-awaited initial public offering (IPO), ahead of its roadshow with investors next week, according to people familiar with the matter. Arm, the chip designer owned by SoftBank Group Corp, is expected to set …

Arm set to target IPO valuation of $50 billion-$55 billion-sources Read More »

FRANKFURT (Reuters) – German Chancellor Olaf Scholz said he is against a new nuclear power debate in the country, in an interview released late on Friday with German radio station Deutschlandfunk. “The issue of nuclear power is a dead horse in Germany,” said Scholz, leader of Germany’s social democrats (SPD). Scholz’s coalition partner, the free …

German Chancellor Scholz speaks out against new nuclear power -Deutschlandfunk Read More »

(Reuters) -Meta Platforms is considering paid versions of Facebook and Instagram with no advertisements for users residing in the European Union (EU) as a response to scrutiny from regulators, the New York Times reported on Friday. Those who pay for the subscriptions would not see ads while Meta would also continue to offer free versions …

Meta may allow Facebook, Instagram users in EU to pay to avoid ads – NYT Read More »

By Susanna Twidale LONDON (Reuters) -Shell said on Friday it would sell its home energy business in the UK and Germany to British energy supplier Octopus Energy Group as part of a deal in which the two companies explore a partnership on EV charging. Returns in the British energy retail sector have been under pressure …

Shell to sell home energy business in UK, Germany to Octopus Energy Read More »

(Reuters) -Britain’s Lloyds Banking Group is in talks with the Barclay family and U.S. private equity firm Carlyle over Very Group, an online retailer and financial services provider, the Financial Times reported on Friday. The British lender holds a guarantee in the overseas holding companies controlling Very Group that is linked to the distressed debt …

UK’s Lloyds in talks with Barclay family, Carlyle over Very Group – FT Read More »

LONDON (Reuters) – Increasing numbers of governments around the world are scrutinising Worldcoin, a crypto project co-founded by OpenAI CEO Sam Altman that was launched in July. Almost 2.3 million people globally have signed up to have their irises scanned by Worldcoin’s “orb” devices in exchange for a digital ID and free cryptocurrency. Altman says …

Factbox-Scrutiny of iris-scanning crypto project Worldcoin grows Read More »

By Lucy Raitano and Danilo Masoni LONDON (Reuters) -Danish drugmaker Novo Nordisk briefly unseated LVMH as Europe’s most valuable listed company in intraday trading on Friday, ending the French luxury group’s 2-1/2 year-long reign at the top. LVMH, the world’s biggest luxury retailer, has been hurt by growing concerns about the outlook for the Chinese …

Novo Nordisk overtakes luxury group LVMH as Europe’s most valuable company Read More »