Reuters UK Business

-Capita has been fined 14 million pounds ($18.7 million) for failing to protect personal data during a 2023 cyber attack, the British outsourcing firm said on Wednesday, as part of a settlement with the UK’s privacy watchdog. The company, which provides business support services to government and corporate clients, disclosed in 2023 that the breach …

UK’s Capita fined $19 million for 2023 cyber breach Read More »

By Maggie Fick, Soren Jeppesen and Jacob Gronholt-Pedersen LONDON/COPENHAGEN (Reuters) -Romel Amineh is one of a fast-growing group of Novo Nordisk workers in Denmark laid off as the drugmaker battles to cut costs and revive its fortunes in a fiercely competitive global obesity drug market. They call themselves the “Club 5,000”. The company is racing …

Inside Novo Nordisk’s ‘Club 5,000’ as Danish staff cuts gain pace Read More »

ZURICH (Reuters) -Swiss market regulator FINMA said on Wednesday it would appeal a ruling by a Swiss court that revoked a decree by the financial watchdog ordering the write-off of Credit Suisse debt during the bank’s collapse in 2023. The Federal Administrative Court said on Tuesday that the writing off of 16.5 billion Swiss francs …

Swiss regulator appeals court decision on Credit Suisse bonds write-off Read More »

(Reuters) -Air taxi firm Archer Aviation on Wednesday said that it has won a bid to acquire rival Lilium’s portfolio of about 300 advanced air mobility patent assets for 18 million euros ($20.91 million), expanding its own portfolio to over 1,000 patent assets. Shares of San Jose, California-based company rose by about 8.5% in morning …

Archer Aviation to buy Lilium’s 300-patent portfolio for $21 million, shares jump Read More »

LONDON (Reuters) -British finance minister Rachel Reeves has said higher taxes on the wealthy will be part of the story of her November 26 budget, the Guardian newspaper reported on Wednesday, citing comments from an interview. Economic forecasters expect Reeves will need to raise about 30 billion pounds ($40.1 billion) through tax increases at the …

UK’s Reeves says taxes on wealthy ‘will be part of the story’ in next budget, Guardian reports Read More »

By Olesya Astakhova and Vladimir Soldatkin MOSCOW (Reuters) -Hungary would suffer if it were cut off from Russian energy, Budapest’s foreign minister said during a visit to Moscow on Wednesday, reiterating that the country would not accept outside pressure when it came to decisions on its energy supplies. Peter Szijjarto was attending the Russian Energy …

Hungary attacks EU energy policy at Moscow conference Read More »

(Reuters) -Austria’s Raiffeisen Bank on Wednesday named company veteran Kamila Makhmudova as chief financial officer, effective January 1, and added the role to its management board after its removal six years ago. Makhmudova began her career at Raiffeisen in 2007 in the bank’s M&A division. In December 2021, she was appointed as CFO to Raiffeisen’s …

Austria’s Raiffeisen names insider Kamila Makhmudova as CFO Read More »

By Foo Yun Chee BRUSSELS (Reuters) -U.S. tech giant Microsoft looks set to avoid a French antitrust investigation into its search operations because regulators are planning to dismiss a complaint by Qwant, the French rival search engine said on Wednesday. Qwant, which has historically relied on Microsoft’s Bing platform to deliver search and news results, …

Microsoft to avoid French antitrust investigation as rival says its complaint will be dismissed Read More »