Reuters UK Business

By Laura Sanicola (Reuters) -BP violated U.S. process safety rules and did not train workers properly at its Toledo, Ohio refinery, contributing to the death of two workers at the plant last year, U.S. federal investigators said on Thursday. The two refinery workers died from their burns following an explosion in September 2022. They had …

U.S. investigators cite BP training, safety failures in Ohio refinery deaths Read More »

By Jeffrey Dastin (Reuters) -Microsoft Corp on Thursday trumpeted its latest plans to put artificial intelligence into the hands of more users, answering a spate of unveilings this week by its rival Google with upgrades to its own widely used office software. The technology company previewed a new AI “Copilot” for Microsoft 365, its product …

Microsoft unveils AI office Copilot in fast-moving race with Google Read More »

By Benjamin Mallet PARIS (Reuters) – French nuclear safety watchdog ASN said on Thursday power group EDF may have to stop some of its reactors for corrosion checks earlier than currently planned after new cracks were detected at three reactors this month. The ASN deputy chief, Julien Collet, said a revised maintenance and repair plan …

France nuclear watchdog questions timing of some EDF reactors checks Read More »

By Selena Li and Elisa Martinuzzi (Reuters) -Credit Suisse Group AG’s average liquidity coverage ratio, a measure of how much cash-like assets the bank has, did not change between March 8 and March 14, the Swiss lender said on Thursday, despite the global banking crisis.  In a memo to staff with talking points for clients, …

Exclusive-Credit Suisse says key liquidity measure did not change the week SVB fell Read More »

MILAN (Reuters) – Italy’s biggest utility Enel said on Thursday its net profit came in at 5.4 billion euros ($5.7 billion) last year, down from 5.6 billion euros reported in 2021, but better than the group’s updated guidance. A strong performance at the group’s grid business and an increase in its renewable capacity helped offset …

Enel 2022 profit beats guidance, helped by growth in grids, renewables Read More »

HAMBURG (Reuters) – Planemaker Airbus has measures in place to stabilise global pressure on its supply chains, a senior manufacturing executive said on Thursday. Airbus Aerostructures Chief Executive Andre Walter said it is making increased checks about the financial health of small suppliers. Speaking to French reporters in Hamburg, he did not comment on the …

Airbus is tackling supply chain problems, senior executive says Read More »

LONDON (Reuters) – British pharma trade body, the Association of the British Pharmaceutical Industry (ABPI), on Thursday said it has suspended Danish drugmaker Novo Nordisk for two years due to “serious breaches.” ABPI’s statement linked to a website of a self-regulatory body run by the association that pointed to complaints about Novo Nordisk-sponsored courses on …

Novo Nordisk suspended from UK trade association for “serious breaches” Read More »

By Kate Holton LONDON (Reuters) -Britain’s opposition Labour Party vowed on Thursday to reverse the government’s planned pension changes, saying they were a giveaway to the top 1% of pension savers at a time when many households are being hit by tax increases and high inflation. Finance minister Jeremy Hunt surprised his Conservative Party by …

UK’s Labour attacks planned pension changes as giveaway to the rich Read More »

LONDON (Reuters) -British finance minister Jeremy hunt said he hoped a pay deal would be reached between the government and healthcare workers on Thursday after months of strikes in the state-run service. The National Health Service (NHS), which was hit hard by coronavirus pandemic, has come under further strain after nurses, doctors and ambulance workers …

UK’s Hunt hopeful of pay deal with health staff on Thursday Read More »

BERLIN (Reuters) – Rheinmetall raised its outlook for 2023 on Thursday after reporting what the German defence contractor said was a record operating result in 2022 due to the war in Ukraine and increased defence spending in Germany and Europe. The company, which recently joined Germany’s DAX blue-chip index, reported earnings before interest and taxes …

Rheinmetall optimistic after record 2022 due to defence spending Read More »