Reuters UK Business

Italy seeks $12.8 billion from banks, insurers to fund 2026-2028 budget

16 Oct 2025

By Giuseppe Fonte and Alvise Armellini ROME (Reuters) -The Italian government plans to collect more than 11 billion euros ($12.8 billion) from banks and insurance companies over 2026-2028 to help fund state finances, a draft budget sent to EU authorities for approval showed on Thursday. The contribution will be on a permanent rather than one-off …

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EU plans support for countries affected by carbon border levy

16 Oct 2025

By Kate Abnett BRUSSELS (Reuters) -The European Union will offer development funding to countries affected by the bloc’s carbon border tariff, the European Commission said on Thursday, as it attempts to soothe developing economies’ concerns over the policy. The EU’s carbon border adjustment mechanism (CBAM) will start imposing fees next year on the CO2 emissions …

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Lyft to open Toronto tech hub, deepening push beyond US market

16 Oct 2025

By Akash Sriram (Reuters) -Lyft plans to open a new technology hub in downtown Toronto in the second half of next year, making the city its second-largest tech center after San Francisco, the ride-hailing firm said on Thursday. The office will be located in Toronto’s financial district and will host several hundred employees across engineering, …

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UK’s Reeves says she would like a bigger fiscal buffer but that means trade-offs

16 Oct 2025

By David Milliken WASHINGTON (Reuters) -British finance minister Rachel Reeves said on Thursday she would like to have a bigger fiscal buffer to cope with volatile global markets but creating one in her budget next month would involve tough trade-offs. Reeves has signalled that she will raise taxes and cut spending in her November 26 …

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Microsoft launches new AI upgrades to Windows 11, boosting Copilot

16 Oct 2025

(Reuters) -Microsoft on Thursday rolled out a series of artificial intelligence upgrades to Windows 11 that would make its Copilot AI assistant more appealing to users by making it easier to automate tasks and connect with services across devices. Users can now use the wake word “Hey Copilot” to activate the AI assistant and execute …

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Court strikes down Irish police decision not to investigate Airbnb over Israeli settlements

16 Oct 2025

DUBLIN (Reuters) -Ireland’s High Court on Thursday struck down a decision by the Irish police not to investigate the legality of Airbnb operations in Israeli settlements in the occupied West Bank, rejecting the argument that it did not have jurisdiction. The ruling does not automatically trigger an investigation by police in Ireland, where Airbnb has …

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Giorgio Armani group names long-time executive Marsocci as CEO

16 Oct 2025

MILAN (Reuters) -Giorgio Armani has appointed deputy managing director Giuseppe Marsocci as chief executive with immediate effect, the Italian fashion house said on Thursday, confirming media reports. Marsocci, who has been at the company for 23 years, most recently as Global Chief Commercial Officer for the last six years, steps into the role previously held …

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Thales says it has no satellite deal yet with Airbus, Leonardo after report that signing is near

16 Oct 2025

FRANKFURT (Reuters) -France’s Thales said on Thursday that the work to form a European satellite alliance with Aircraft maker Airbus and Italy’s Leonardo was ongoing, responding to a media report that an agreement in principle had been found. German newspaper Boersen-Zeitung reported on Thursday that the three aerospace groups had come to an understanding but …

Thales says it has no satellite deal yet with Airbus, Leonardo after report that signing is near Read More »

Fintech Upgrade raises $165 million, targets IPO in 12 to 18 months

16 Oct 2025

(Reuters) -Consumer finance fintech Upgrade said on Thursday it raised $165 million in its latest funding round, nearly four years after its last external financing during the height of the 2021 fintech boom. The round valued Upgrade at $7.3 billion pre-money, according to a source familiar with the matter, a 21.7% premium to its previous …

Fintech Upgrade raises $165 million, targets IPO in 12 to 18 months Read More »

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