Reuters UK Business

By Leo Marchandon (Reuters) -French telecom operator Orange reported quarterly core profit that slightly surpassed market expectations on Thursday, citing rigorous cost control and customer growth, and raised its full-year earnings guidance. Its earnings before interest, taxes, depreciation and amortisation after leases (EBITDAaL) — a common metric used by telecom firms to measure their core …

Orange posts Q3 profit beat, raises annual guidance Read More »

By Paul Sandle LONDON (Reuters) -OpenAI will offer Britain’s government and businesses an opportunity to store data in the UK from Friday, helping unlock the potential of AI for more companies and public services, Deputy Prime Minister David Lammy will announce on Thursday. The plan, secured through OpenAI’s partnership with the Ministry of Justice (MoJ), …

OpenAI to offer UK data residency driven by government partnership Read More »

By Timothy Gardner and Daphne Psaledakis WASHINGTON (Reuters) -U.S. President Donald Trump on Wednesday imposed Ukraine-related sanctions on Russia for the first time in his second term, targeting oil companies Lukoil and Rosneft as his frustration grows with Russian President Vladimir Putin over the war. The U.S. Treasury Department said it was prepared to take …

US hits top Russian oil companies Rosneft and Lukoil with sanctions Read More »

(Reuters) -German software maker SAP on Wednesday reported third-quarter revenue below analysts’ estimates and forecast full-year cloud revenue at the lower end of its outlook range, sending its U.S.-listed shares down 3% in extended trading. Walldorf, Germany-based SAP said revenue for the third quarter ended Sept. 30 rose 7% to 9.08 billion euros ($10.59 billion), …

SAP misses third-quarter revenue estimates, US-listed shares fall 3% Read More »

By Tim Hepher and Giulia Segreti PARIS/ROME (Reuters) -Europe’s aerospace giants kept investors waiting an extra day for details of a new space champion on Wednesday as lawyers and advisers pored over the smallprint, but merger plans remained intact, people familiar with the talks said. Reuters reported this week that Airbus, Thales and Leonardo had …

Europe satellite merger intact as announcement slips, sources say Read More »

By Phoebe Seers LONDON (Reuters) -Bank of England Deputy Governor Sam Woods on Wednesday rejected calls from the banking industry to further relax rules on bank leverage, despite growing pressure from the government to reduce regulatory burdens to boost the UK’s economic growth. The British government is seeking to soften some finance industry regulations to …

Bank of England rejects call to ease bank leverage rules Read More »

By Foo Yun Chee BRUSSELS (Reuters) -Apple was hit with a complaint to EU antitrust regulators by two civil rights groups on Wednesday over the terms and conditions of its App Store and devices for allegedly breaching landmark rules aimed at reining in Big Tech. The joint complaint by Article 19 and Germany’s Society for …

Apple hit with EU antitrust complaint over App Store policies Read More »