By Victoria Waldersee BRAUNSCHWEIG, Germany (Reuters) – A case led by Greenpeace against Volkswagen demanding that the automaker tighten its carbon reduction targets is admissible but unlikely to succeed, a German district court said on Tuesday, with a further hearing scheduled for Jan 31. The three plaintiffs – two heads of Greenpeace Germany and environmental …
By Manya Saini and Niket Nishant (Reuters) -Coinbase Global Inc said on Tuesday it will cut about 950 jobs, or 20% of its workforce, as part of a restructuring plan that marks the third round of layoffs for the cryptocurrency exchange since last year. The company, whose shares were up 3.3% at $39.52, said it …
Crypto contagion deepens: Coinbase to lay off about 950 employees Read More »
(Reuters) -BioNTech SE has agreed to acquire British artificial intelligence (AI) startup InstaDeep for up to 562 million pounds ($682 million) to speed up its biotech research and manufacturing capabilities. Under the German vaccine maker’s largest takeover deal to date, BioNTech is to pay 362 million pounds upfront, in a mix of cash and an …
Germany’s BioNTech buys British AI startup InstaDeep Read More »
By Richa Naidu LONDON (Reuters) – British fund manager Terry Smith accused Unilever on Tuesday of “virtue signalling” with its ethically-focused marketing, in his latest salvo against the consumer goods giant. Smith – whose Fundsmith vehicle is Unilever’s 15th biggest shareholder, according to Refinitiv – also said in his annual letter to investors that the …
Investor Fundsmith accuses Unilever of ‘virtue signalling’ and prioritising Peltz Read More »
By Victoria Waldersee and Andreas Rinke BERLIN (Reuters) – German carmakers, Tesla, chip producers and battery maker Northvolt met the German chancellor and cabinet ministers on Tuesday to discuss topics from European law on vehicle emissions to energy prices, according to two participants. The annual summit was formerly only for carmakers but was this time …
German chancellor meets auto, battery bosses in ‘mobility’ summit Read More »
By Martin Coulter LONDON (Reuters) -UK lawmakers have called on Amazon to clarify comments made by a senior executive at a recent parliamentary hearing, after an advocacy group accused him of providing “misleading” evidence concerning the company’s treatment of warehouse workers. An Amazon spokesperson told Reuters the company strongly denied the executive – European policy …
Amazon faces renewed pressure from UK lawmakers over warehouse conditions Read More »
By Shashwat Chauhan and Johann M Cherian (Reuters) -Britain’s FTSE 100 closed in the red for first time in 2023 on Tuesday with consumer stocks among top losers on jitters about the extent to which further U.S. interest rate hikes will slow the world’s largest economy. The blue-chip FTSE 100 retreated from 3-1/2 year highs …
Consumer stocks drag FTSE 100 to first day in losses in 2023 Read More »
By Bansari Mayur Kamdar and Shreyashi Sanyal (Reuters) -European shares fell on Tuesday for the first time in three sessions in a broad-based retreat, with some declines being offset after commentary from U.S. Federal Reserve Chair Jerome Powell and gains in shares of German drugmaker Bayer. The pan-European STOXX 600 closed 0.6% lower, after hitting …
BERLIN (Reuters) -The BMW Group delivered just under 2.4 million vehicles in 2022, down 4.8% from the year before, with brand sales down 5.1% as supply chain bottlenecks caused by lockdowns in China and the war in Ukraine dampened deliveries. Still, the fourth quarter saw a 10.6% rise in sales as bottlenecks eased, the carmaker …
BMW Group sales down 4.8% in 2022 on supply bottlenecks, China lockdowns Read More »
STOCKHOLM (Reuters) – Swedish venture capital group Triton said on Tuesday it had made a rival offer for Finnish construction systems provider Caverion that valued the takeover target at around 1.09 billion euros ($1.17 billion). Triton’s offer of 8 euros per share exceeded a bid of 7 euros announced in November by North Holdings, a …
Triton makes rival $1.2 billion offer for Finland’s Caverion Read More »
