Reuters UK Business

By Shubham Batra (Reuters) -European shares rose on Tuesday, as investors awaited more U.S. bank earnings to gauge the health of the sector, while China’s stronger-than-expected economic recovery boosted sentiment. The pan-European STOXX 600 index edged 0.2% higher, after the week started with a pullback from one-year highs, ending a five-day winning run. Bank stocks, …

European shares rise on strong China recovery, US bank results on tap Read More »

By Tim Hepher PARIS (Reuters) – Europe’s Airbus is advising airlines of delivery delays for its best-selling single-aisle aircraft in 2024, with several hundred jets postponed by around three months, industry sources said Tuesday. Airbus confirmed unspecified delays in a statement to Reuters but said they did not reflect any worsening of supply chain problems …

Exclusive-Airbus informs airlines of 2024 delays, keeps output goals Read More »

SANTIAGO (Reuters) – Aurubis AG, Europe’s largest copper smelter and producer, no longer buys the red metal from Russia after it let supply contracts lapse, its CEO told Reuters on Monday. Russia’s invasion of Ukraine last year fueled a range of boycotts, sanctions and other measures against copper and other metals from the country. Aurubis, …

Aurubis CEO says has stopped buying copper from Russia Read More »

By Martin Coulter and Supantha Mukherjee LONDON/STOCKHOLM (Reuters) -EU lawmakers urged world leaders on Monday to hold a summit to find ways to control the development of advanced artificial intelligence (AI) systems such as ChatGPT, saying they were developing faster than expected. The 12 MEPs, all working on EU legislation on the technology, called on …

EU lawmakers call for summit to control ‘very powerful’ AI Read More »

BRUSSELS (Reuters) – The European Commission has prolonged for five years rules giving the auto industry freer rein to conclude agreements with distributors, spare part retailers and repair garages, with a new emphasis on vehicle-generated data. The EU executive said on Monday that the Motor Vehicle Block Exemption Regulation (MVBER) would be applicable until May …

EU prolongs flexibility on auto deals for distribution, repairs Read More »

LONDON (Reuters) -Glencore executives have met or spoken with some 120 Teck Resources shareholders during a short visit to Toronto to try to win support for the company’s takeover bid rather than an internal overhaul, a source familiar with the situation said. Glencore made its $22.5 billion all-share offer as Teck’s own plan to spin …

Glencore courts 120 Teck investors for bid backing as spinoff vote looms -source Read More »

By Huw Jones LONDON (Reuters) – Stock exchanges and asset managers have squared off ahead of European Union negotiations this week over how much information investors should be given to find the best deals on Europe’s fragmented stock markets. The European Parliament and EU states begin negotiations on Tuesday on finalising reform of the bloc’s …

Exchanges and asset managers square off over EU market rules Read More »

(Reuters) -Alphabet Inc shares fell as much as 4% on Monday following a report South Korea’s Samsung Electronics was considering replacing Google with Microsoft-owned Bing as the default search engine on its devices. The report, published by the New York Times over the weekend, underscores the growing challenges Google’s $162-billion-a-year search engine business face from …

Alphabet shares fall on report Samsung may dump Google Search for Bing Read More »

By Tim Hepher and Juliette Jabkhiro PARIS (Reuters) -A French court on Monday cleared European planemaker Airbus and Air France of “involuntary manslaughter”, upsetting families of some of the 228 people killed when an airliner vanished into an Atlantic storm almost 14 years ago. The ruling follows a historic public trial over the crash in …

French court clears Air France, Airbus over Rio-Paris plane crash Read More »

By Rajesh Kumar Singh and Valerie Insinna CHICAGO/WASHINGTON (Reuters) – A manufacturing problem with Boeing Co’s 737 MAX jets that led to a pause in some deliveries threatens to disrupt plans by U.S. carriers to boost capacity to capitalize on a busy summer travel season. It is expected to result not just in lost revenue, …

Analysis-Boeing’s latest production problem compounds operational headache for US carriers Read More »