Reuters UK Business

By Jessica DiNapoli NEW YORK (Reuters) -Snack maker Mondelez is using a new generative AI tool to cut costs for the production of marketing content by 30% to 50%, a senior executive told Reuters. The packaged-food manufacturer began developing the tool last year with ad company Publicis Groupe and IT firm Accenture. Mondelez expects that the tool will …

Oreo-maker Mondelez to use new generative AI tool to slash marketing costs Read More »

By Sam Tabahriti LONDON (Reuters) -Britain’s medicines regulator said on Friday it had made the world’s largest seizure of unlicensed weight-loss medicines, dismantling a factory that made jabs labelled as containing the ingredient in Eli Lilly’s Mounjaro. Global pharmaceutical companies and regulators have raised alarms over a surge in counterfeit and unregulated weight-loss drugs, which …

UK seizes record haul of illegal weight-loss drugs in factory raid Read More »

PARIS (Reuters) -Credit ratings agency Moody’s on Friday maintained France’s rating, but revised its outlook to “negative” from “stable”, citing increased risks from political fragmentation that could hamper the country’s ability to tame its deficit. Moody’s decision not to downgrade France, keeping its long-term foreign currency sovereign credit rating at Aa3, will be a relief …

Moody’s maintains France’s rating, revises outlook to ‘negative’ Read More »

(Reuters) -The U.S. Food and Drug Administration has approved Bayer’s drug to ease hot flashes in menopausal women, the German company said on Friday, a welcome development following the regulator’s three-month review extension. The drug, branded as Lynkuet, is a non-hormonal treatment designed to relieve moderate-to-severe vasomotor symptoms, also known as hot flashes, associated with …

US FDA approves Bayer’s menopause relief drug Read More »

STOCKHOLM (Reuters) -Swedish online fashion retailer Nelly said on Friday it had appealed a court ruling that cleared two units of much bigger rival Shein of infringing its copyright. While Sweden’s Patent and Market Court earlier this month ruled that an Ireland-based Shein subsidiary had used copies of pictures owned by Nelly without permission, it …

Swedish fashion retailer Nelly appeals Shein copyright ruling Read More »

By Hannah Lang NEW YORK (Reuters) -The U.S. dollar was almost flat on Friday after dipping following fresh inflation data that showed U.S. consumer prices increased less than expected in September, keeping the Federal Reserve on track to cut interest rates again next week. The Consumer Price Index rose 0.3% last month and 3.0% in …

US dollar set for modest weekly gain after soft inflation data Read More »

By Rachel More BERLIN (Reuters) -German auto parts supplier Bosch is preparing to furlough staff at its Salzgitter plant if a trade dispute between China and the Netherlands over Dutch chipmaker Nexperia is not resolved soon, amid mounting concerns in Europe’s beleaguered car industry. Bosch and other suppliers are scrambling for alternatives after China banned …

Bosch warns production at risk as Nexperia dispute hits auto suppliers Read More »

By Nicole Jao NEW YORK (Reuters) -BP’s 440,000 barrel-per-day oil refinery in Whiting, Indiana, resumed operations on Friday after a outage prompted a temporary evacuation at the plant, the company said. The refinery resumed operations after power was restored, BP said in a statement. The outage was caused by a disruption to electrical service that occurred …

BP’s Whiting refinery resumes after power outage Read More »

By Rachel More and Ilona Wissenbach BERLIN/FRANKFURT (Reuters) -Porsche swung to a bigger-than-expected operating loss in the third quarter, it said on Friday, plunging the German sports carmaker deeper into crisis as it slows a shift to electric vehicles and battles to stem sinking sales in top market China. The news highlights how the automaker, …

Crisis-hit Porsche plunges to $1.1 billion quarterly loss Read More »