Reuters UK Business

By Kanishka Singh WASHINGTON (Reuters) -A subsidiary of Dutch medical device maker Philips has agreed to pay over $24 million to resolve alleged false claims over respiratory-related medical equipment, the U.S. Justice Department said on Thursday. The subsidiary, Philips RS North America LLC, formerly known as Respironics Inc, resolved allegations that it misled federal healthcare …

Philips subsidiary to pay over $24 million for alleged false claims for medical equipment Read More »

By Paul Sandle and Radhika Anilkumar LONDON (Reuters) – Britain’s antitrust regulator said Microsoft Corp’s $69 billion acquisition of “Call of Duty” maker Activision Blizzard could harm competition in gaming consoles, subscription services and cloud gaming, and it needs to be investigated in depth. The Competition and Markets Authority (CMA) said on Thursday the deal, …

Microsoft’s $69 billion Activision deal could harm competition, UK says Read More »

By Sheila Dang (Reuters) -Twitter Inc will launch a widely requested edit button for its paid subscribers in the coming weeks, the social media company said Thursday. For years, Twitter users have demanded the ability to edit their tweets after publishing in order to fix errors like typos. Those requests have led to jokes online …

Twitter will roll out long-awaited edit button to paid subscribers Read More »

BERLIN (Reuters) – Volkswagen will accelerate its transition towards electric vehicles where possible and must find a stable rhythm for its transformation, new Chief Executive Oliver Blume said at an internal conference on Thursday, the first day of his tenure. At a gathering of global top managers in Lisbon, Blume said he had developed a …

Volkswagen’s transition to EVs requires stability, new CEO says Read More »

By Alexander Marrow MOSCOW (Reuters) – The owner of McDonald’s former restaurants in Russia has offered up to 151 million euros ($151 million) to buy Finnish packaging firm Huhtamaki’s local business, adding to his burgeoning empire, documents seen by Reuters showed. The deal by Siberian businessman Alexander Govor enhances his status as one of the …

Exclusive: Russian McDonald’s buyer to snap up another Western firm – documents Read More »

By Huw Jones LONDON (Reuters) – The European Union’s markets watchdog said on Thursday it was on red alert for contagion after inflation stoked by Russia’s invasion of Ukraine has threatened markets’ ability to function in an orderly way. The European Securities and Markets Authority (ESMA) in its latest risk monitor report gave an overall …

European markets watchdog on red alert for Ukraine war contagion Read More »

By Kate Abnett BRUSSELS (Reuters) -The European Commission is looking into options to cap energy prices and cut electricity demand as part of its upcoming proposals to tackle soaring energy costs, a senior European Commission official said on Thursday. Russia has slashed gas deliveries to Europe since Moscow invaded Ukraine, which has sent gas prices …

EU mulling energy price caps, options to cut power demand Read More »

(Reuters) – Russia is considering a plan to buy as much as $70 billion in yuan and other “friendly” currencies this year to slow the rouble’s surge, Bloomberg News reported on Thursday. “In the new situation, accumulating liquid foreign exchange reserves for future crises is extremely difficult and not expedient,” said the text of a …

Russia mulls buying $70 billion in yuan and other ‘friendly’ currencies- Bloomberg Read More »

LONDON (Reuters) – British manufacturing output and new orders fell by the most in more than two years in August in the face of deepening uncertainty about surging inflation and the risk of recession at home and abroad, a survey showed on Thursday. The S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) dropped to 47.3 …

UK factories suffer worst month since May 2020 as economy stumbles – PMI Read More »