Reuters UK Business

French tech company Woodoo raises $31 million, led by Chris Sacca’s Lowercarbon Capital

23 Apr 2023

By Sudip Kar-Gupta PARIS (Reuters) – French start-up technology company Woodoo said it had raised $31 million, led by Lowercarbon Capital, which is a fund co-founded by ex-Google executive and early Twitter investor Chris Sacca. Woodoo, founded in 2017, says its technology can convert low-grade and even diseased wood products and turn them into premium …

French tech company Woodoo raises $31 million, led by Chris Sacca’s Lowercarbon Capital Read More »

U.S. shares with European banks ways Russia is evading sanctions

23 Apr 2023

WASHINGTON (Reuters) – The U.S. on Sunday said it shared information with European bankers, government officials and business leaders to clamp down on Russia’s tactics to try to skirt Western sanctions. Brian Nelson, Treasury undersecretary for terrorism and financial intelligence, held briefings last week in Switzerland, Austria, Germany and Italy to promote more effective policing …

U.S. shares with European banks ways Russia is evading sanctions Read More »

German public sector workers agree to wage deal with employers

23 Apr 2023

BERLIN (Reuters) – German public sector workers have agreed on a wage deal with employers, Interior Minister Nancy Faeser and the Verdi union said on Saturday, ending a dispute that has disrupted the transport sector in Europe’s biggest economy. The agreement for around 2.5 million workers in the sector follows arbitration. Under the deal, each …

German public sector workers agree to wage deal with employers Read More »

Tesla’s California market share tumbles despite aggressive price cuts

22 Apr 2023

By Hyunjoo Jin SAN FRANCISCO (Reuters) -Tesla’s market share in its key California market tumbled in the first quarter of the year despite aggressive price cuts as rivals stepped up, data showed on Friday. Tesla Inc controlled 59.6% of the battery electric market in California from January to March, down from 72.7% for all of …

Tesla’s California market share tumbles despite aggressive price cuts Read More »

Factbox-What is embattled British business group the CBI?

22 Apr 2023

LONDON (Reuters) – The Confederation of British Industry (CBI) trade organisation has suspended all policy and membership work until June after a slew of businesses quit following staff complaints about workplace misconduct and allegations of rape by two women. Below is some information about the CBI and its role: WHAT IS THE CBI? Founded in …

Factbox-What is embattled British business group the CBI? Read More »

Sale of Italy’s MPS should help create several big banks, says Meloni

22 Apr 2023

MILAN (Reuters) – The privatisation of Italian lender Monte dei Paschi di Siena should foster the creation of several large banking groups in the country, Prime Minister Giorgia Meloni was quoted as telling the Milano Finanza newspaper on Saturday. Monte dei Paschi (MPS), of which the government owns 64% following a 2017 bailout, is seen …

Sale of Italy’s MPS should help create several big banks, says Meloni Read More »

Norway’s oil fund to vote against climate resolution at BP

22 Apr 2023

By Nerijus Adomaitis OSLO (Reuters) -Norway’s $1.4 trillion sovereign wealth fund, one of the world’s largest investors, said on Saturday it will vote against a resolution calling on British oil major BP to adopt tougher greenhouse gas targets. While BP already aims to reduce emissions, the motion filed by activist group Follow This ahead of …

Norway’s oil fund to vote against climate resolution at BP Read More »

Close Bitnami banner
Bitnami