Reuters UK Business

Germany’s Merck eyes life science deals, but muted 2026 outlook knocks shares

By Marleen Kaesebier (Reuters) -German pharmaceuticals and technology company Merck KGaA gave a guidance for 2026 that sent its shares falling during its capital markets day on Thursday, wiping out their earlier gains that had been buoyed by more upbeat mid-term commentary. Merck’s life science and electronics units are expected to improve gradually next year, …

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ABB CEO ‘very confident’ of demand for data centers powering AI

By John Revill ZURICH (Reuters) -Switzerland’s ABB is “very confident” about future demand from data centers that power artificial intelligence, its CEO Morten Wierod told Reuters. The engineering company has seen double-digit percentage growth this year in orders for electrification products from data centers being built to meet AI and cloud computing demand. CEO CONFIDENT …

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EU’s Dombrovskis says suspension of French pension reform costly, but to be offset

WASHINGTON (Reuters) -France appears to be on track with its 2025 budget gap reduction, and while the suspension of its pension reform will be costly, it should be offset by other measures to keep consolidation as agreed with the European Union, the EU’s top economic official said on Thursday. Speaking to Reuters on the sidelines …

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Swiss Army Knife maker tries new tools to blunt Trump tariff blow

By John Revill IBACH, Switzerland (Reuters) -Swiss Army Knife maker Victorinox is trying to hold down its U.S. prices, while exploring new markets, as it experiments with new tools to navigate President Donald Trump’s trade tariffs.  Popularised in the United States by soldiers who were based in Europe after World War Two, the distinctive red-and-silver …

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Orange dismisses report on raising bid for MasOrange stake

By Javi West Larrañaga and Gianluca Lo Nostro (Reuters) -French telecoms group Orange has not submitted an improved 4.8-billion-euro ($5.6-billion) offer for the 50% stake it does not own in Spanish operator MasOrange, Orange said on Thursday, dismissing a report by news website El Confidencial.    El Confidencial said on Thursday that Orange was raising …

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UK seeks pharma investment as part of US deal, finance minister Reeves says

By David Milliken WASHINGTON (Reuters) -Britain wants to see more investment in the country by pharmaceutical companies if it agrees to pay higher drug prices as part of tariff talks with the United States, finance minister Rachel Reeves said on Thursday. Britain and the United States have been negotiating on drug pricing as London seeks …

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Analysis-Why Europe can’t face its pension black hole

By Francesco Canepa FRANKFURT (Reuters) -France’s political standoff shows how European governments, caught between the demands of their ageing electorates and the need to keep spending in check, keep struggling to fix the pension-shaped holes in their budgets.  The right to a pension has been a central plank of the European social contract for decades. …

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Spain’s Cox plans to invest $6.4 billion through 2028 with focus on Mexico

MADRID (Reuters) -Spanish energy company Cox plans to invest 5.5 billion euros ($6.4 billion) in water and renewable energy through 2028, almost half of which will be made in Mexico, it said on Thursday. The strategy update comes after the company agreed to buy Iberdrola’s assets in Mexico in a deal in July valuing the …

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UK spy chief warns of AI danger, though not disaster-movie doom

LONDON (Reuters) -AI systems acting without human control could one day pose a security threat, the head of Britain’s MI5 spy agency said on Thursday, although he said he was not predicting doom scenarios as depicted in sci-fi movies. Tech leaders have warned about the dangers of unchecked AI, and that people should be concerned …

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