Reuters UK Business

PARIS (Reuters) – BNP Paribas is not interested in buying a stake in Orange’s banking unit, Chief Executive Jean-Laurent Bonnafe said on Tuesday. “We’ve already indicated on several occasions that we’re not interested in buying a stake or in a possible acquisition of Orange Bank,” Bonnafe told reporters in a call following the publication of …

BNP Paribas not interested in buying stake in Orange Bank – CEO Read More »

(Reuters) – European shares were subdued on Tuesday as prospects of the global interest rate-hiking cycle lasting for longer continued to sap sentiment, while oil major BP led energy stocks higher. The pan-European STOXX 600 was flat at 0815 GMT, after logging its steepest single-day fall in three weeks on Monday on rate hike jitters. …

European shares muted, BP leads energy stocks higher Read More »

By Jamie Freed and Allison Lampert (Reuters) – European aviation regulators have ruled out an industry push to allow planes to fly with only one pilot by 2030, and said only more experienced pilots could be alone in the cockpit, according to a senior official. The regulator is weighing a pitch for limited solo flying …

European regulator rules out single-pilot flying by 2030 Read More »

By Christian Kraemer and Jeff Mason WASHINGTON (Reuters) -German Economy Minister Robert Habeck expressed optimism on Monday about resolving a European Union trade dispute with Washington, saying he saw room for compromise on certain elements of the U.S. Inflation Reduction Act and its green subsidies. Many EU leaders are worried the local content requirements of …

Germany’s Habeck optimistic EU and U.S. can reduce trade tension Read More »

By Dietrich Knauth (Reuters) -FTX’s lawyers on Monday strongly urged a U.S. bankruptcy judge in Delaware not to greenlight a court-supervised investigation into its collapse, saying it would waste time and money and could pose a security risk. FTX attorney James Bromley at Monday’s hearing told U.S. Bankruptcy Judge John Dorsey, who is overseeing the …

FTX points to cost, cyber-risk in opposing independent bankruptcy investigation Read More »

By Michael Erman and Patrick Wingrove NEW YORK (Reuters) – Pharmaceutical companies that made billions from the pandemic over the past two years selling vaccines and treatments are now up against a steep COVID cliff and investor pressure to spend their windfalls wisely. Western drugmakers including Pfizer Inc, BioNTech SE, Moderna Inc, Gilead Sciences Inc, …

Drug companies face COVID cliff in 2023 as sales set to plummet Read More »

By Luc Cohen NEW YORK (Reuters) – Hermes International SCA urged a U.S. jury on Monday to find that a creator of non-fungible tokens violated its trademark for Birkin bags, while lawyers for the “MetaBirkins” maker countered that the images were art. The French fashion house in 2022 sued Mason Rothschild to recover profits he …

Hermes, NFT creator spar over ‘MetaBirkins’ in trademark trial Read More »

By Emma-Victoria Farr, Patricia Weiss and Oliver Hirt FRANKFURT (Reuters) – Bayer investor Jeff Ubben has contacted fellow shareholders in the German group, investors and sources familiar with the matter told Reuters, in an apparent attempt to rally support for big changes at the drugs-to-pesticides company. The campaign increases the pressure on non-executive Chairman Norbert …

Activist investor rallies Bayer shareholders as pressure on CEO mounts -sources Read More »