Reuters UK Business

(Reuters) – UK chancellor Jeremy Hunt has ruled out giving any direct fiscal support to households struggling with mortgage costs, the Financial Times reported on Sunday. Hunt takes the view that such an intervention would drive up government borrowing and fuel inflationary pressure, the report said, citing Treasury sources. (Reporting by Akanksha Khushi in Bengaluru; …

UK’s Hunt rules out direct support for households as mortgage rates soar- FT Read More »

LONDON (Reuters) – The British government said on Sunday that tech entrepreneur Ian Hogarth would head its new taskforce to look at the safety risks posed by artificial intelligence. Last week, Prime Minister Rishi Sunak pitched London as a potential global home of AI regulation, with Britain set to host a summit on its risks …

Tech entrepreneur Hogarth will head UK’s AI taskforce Read More »

By Tim Hepher PARIS (Reuters) – After a decade in the shadows, one of Europe’s mystery aerospace projects – the X9 helicopter – is taking shape as a potential future successor to Airbus Helicopters’ H145 light-twin chopper, with plans for a demonstrator underway, industry sources said. The X9 was one of two coded projects briefly …

Exclusive-Mystery X9 helicopter takes shape as potential successor to Airbus H145 Read More »

By Valerie Insinna PARIS (Reuters) – U.S. planemaker Boeing slightly raised its annual 20-year forecast for new jetliner deliveries, propelled by the strength of the narrowbody market fueled by demand from low-cost carriers. Boeing expects airlines will need to buy 42,595 jets from now until 2042, up from 41,170 planes in its previous 20-year forecast …

Boeing boosts 20 year outlook for planes due to narrowbody demand Read More »

(Reuters) – A Twitter video app for smart TVs is in the social media company’s plans, owner Elon Musk said in a tweet on Saturday, a move that would be in line with the company’s new plans to focus on growing video content on the platform. In response to a tweet suggesting that a Twitter …

Elon Musk says Twitter video app for smart TVs is ‘coming’ Read More »

By Tim Hepher PARIS (Reuters) -French-American jet engine maker CFM International said on Saturday it was redesigning some parts of its LEAP engine to improve durability in harsh climates, to be available for retrofit on Airbus and Boeing jets next year. It is the latest example of increased stress in climates such as the Middle …

CFM says redesigning some LEAP jet engine parts Read More »

ZURICH (Reuters) – UBS’s Chief Executive sought to reassure Switzerland on Saturday over its new banking giant, created by the Swiss bank’s historic takeover of former rival Credit Suisse. “The prospects for UBS are better than ever,” Sergio Ermotti wrote in an opinion piece published in the Swiss paper Tages-Anzeiger. “This also applies to the …

‘Prospects for UBS are better than ever’ – CEO Ermotti Read More »

NEW YORK (Reuters) – Mondelez International’s Europe president said Thursday that the Milka chocolate bar-maker was being “singled out and treated differently” from rival companies that are also continuing to sell food and drinks in Russia, according to a memo seen by Reuters. In the memo titled “A note on Nordics/Russia” sent to employees Thursday, …

Exclusive-Mondelez ‘singled out’ in boycott over Russia business-memo Read More »