LONDON (Reuters) -Spending on new UK data centres is set to rise to 10 billion pounds a year by 2029, a more than five-fold increase from 2024, analysis by construction data firm Barbour ABI has found. A total of 1.75 billion pounds was spent on data centres in the UK last year, with 2.38 billion …
UK data centre spend to soar to £10 billion a year – Barbour ABI Read More »
WARSAW (Reuters) -French explosives maker Eurenco is teaming up with Poland’s state-run arms group Polska Grupa Zbrojeniowa (PGZ) and Mesko to produce modular charges and propellant systems for artillery shells, the companies said on Wednesday. Poland is leading a European push to boost its defence readiness to deter any possible attack from Russia and is …
French Eurenco partners with Poland to support domestic shell production Read More »
By Bhanvi Satija and Maggie Fick LONDON (Reuters) -Boardroom drama at Wegovy-maker Novo Nordisk has laid bare the company’s biggest challenge: how to better tap into America’s mass market for weight-loss drugs. The Danish drugmaker that initially soared on the success of its obesity drug has lost its market lead to U.S. rival Eli Lilly …
Analysis-Novo’s board bust-up to sharpen drugmaker’s focus on US consumers Read More »
By Jesus Calero (Reuters) -Shares of Novo Nordisk fell around 3% on Wednesday, extending their losses from a day earlier, after the Wegovy maker’s top investor proposed a sweeping board overhaul. The non-profit Novo Nordisk Foundation said that current chair Helge Lund and six other independent board members would step down next month after a …
Novo Nordisk shares fall as top investor drives board overhaul Read More »
By Kirstin Ridley and Elizabeth Howcroft LONDON (Reuters) -Britain’s markets regulator has filed a lawsuit against HTX, a global crypto exchange advised by Chinese entrepreneur Justin Sun, accusing it of unlawfully promoting crypto asset services to UK consumers. The Financial Conduct Authority said on Wednesday it had launched civil proceedings in London’s High Court against …
UK regulator sues crypto exchange HTX over unlawful promotions Read More »
By Ilona Wissenbach and Rachel More BERLIN (Reuters) -Volkswagen told workers on Wednesday it cannot rule out production stoppages due to supply chain issues, in a sign of how a dispute over Dutch chip maker Nexperia is threatening to disrupt Europe’s auto sector. Auto industry bodies have sounded the alarm over the possible impact on …
Volkswagen warns workers of potential stoppages as chip crunch looms Read More »
LINKOPING, Sweden (Reuters) -Sweden is in talks to sell between 100 and 150 Saab-made JAS Gripen fighter jets to Ukraine, Prime Minister Ulf Kristersson said on Wednesday. (Reporting by Simon Johnson, Terje Solsvik, Anna Ringstrom, editing by Stine Jacobsen)
MOSCOW (Reuters) -A Russian government official said on Wednesday that Moscow assumed that the new owner of gold producer UGC would have to conduct a buyout of minority shareholders after the central bank ruled that the state had violated small investors’ rights. The state seized a majority stake in what is Russia’s number four gold …
Russia says its assumes that new gold producer UGC owner will buy out small investors Read More »
By Maha El Dahan and Andrew Mills ABU DHABI (Reuters) -Luxury resort developer Red Sea Global plans to expand beyond Saudi Arabia, its CEO John Pagano told Reuters, with a first project abroad focused on tourism and hospitality in Italy. Pagano also said on Wednesday that he will be joining the board of the kingdom’s …
Exclusive-REUTERS NEXT-Red Sea Global targets Italy in first step beyond Saudi Read More »
FRANKFURT (Reuters) -European Central Bank President Christine Lagarde on Wednesday backed German Chancellor Friederich Merz’s call for a single European stock exchange to support European listings and economic growth. “If we are serious about moving forward, we must complete the banking union and we must apply the same logic – and faster – to capital …
ECB’s Lagarde backs Germany’s call for European stock exchange Read More »
