Reuters UK Business

LONDON (Reuters) – Britain has launched an investigation under new national security rules into the sale of a 60% stake in National Grid’s gas transmission and metering business to a consortium led by Australia’s Macquarie, the Telegraph reported on Sunday. National Grid agreed to sell the unit for an enterprise value of about 9.6 billion …

UK investigates sale of National Grid’s gas transmission business, report says Read More »

(Reuters) – Elon Musk on Saturday challenged Twitter Inc Chief Executive Officer Parag Agrawal to a public debate about the percentage of bots on the social media platform. “Let him prove to the public that Twitter has <5% fake or spam daily users!,” Musk said in a tweet. He also started a poll asking users …

Musk challenges Twitter CEO to public debate on bots Read More »

By Jonathan Stempel (Reuters) -The slide in U.S. stock prices punished Berkshire Hathaway Inc’s bottom line in the second quarter, as the conglomerate run by billionaire Warren Buffett on Saturday reported a $43.8 billion loss. Berkshire nevertheless generated nearly $9.3 billion of operating profit, as gains from reinsurance and the BNSF railroad offset fresh losses …

Berkshire Hathaway posts $43.8 billion loss as stock holdings tumble Read More »

ZURICH (Reuters) – Credit Suisse is not exposed to any large losses among lenders to embattled Mexican firm Credito Real, the Swiss bank said on Saturday, contradicting earlier media reports. Mexican newspaper El CEO citing documents said Credit Suisse is owed over $100 million by Credito Real, which has begun bankruptcy proceedings over $2.6 billion …

Credit Suisse says it has no big exposure to Mexico’s Credito Real Read More »

By Anna Ringstrom and Jacob Gronholt-Pedersen STOCKHOLM (Reuters) -Swedish, Danish and Norwegian pilot union members have voted to adopt a collective bargaining agreement reached with airline SAS last month, and will thus not resume their strike, the labour unions said on Saturday. SAS grounded some 3,700 flights during a crippling 15-day strike in July. In …

SAS pilots support wage deal, won’t resume strike Read More »

By David Shepardson and Jonathan Stempel WASHINGTON/NEW YORK (Reuters) – Tesla Inc, the electric car company run by billionaire Elon Musk, has been accused by a California state transportation regulator of falsely advertising its Autopilot and Full Self-Driving features as providing autonomous vehicle control. In complaints filed with the state Office of Administrative Hearings, California’s …

California regulator claims Tesla falsely advertised Autopilot, Full Self-Driving Read More »

(Reuters) – Tesla Inc said on Friday trading in its three-for-one split shares will start on Aug. 25, after the electric vehicle maker’s shareholders approved the proposal during its annual meeting. Shareholders of the EV maker voted for board recommendations on most issues at the company’s annual meeting on Thursday, including re-electing directors, approving a …

Tesla sets Aug 25 as trading day for three-for-one split shares Read More »

By Lucia Mutikani WASHINGTON (Reuters) – U.S. job growth unexpectedly accelerated in July, lifting the level of employment above its pre-pandemic level and pouring cold water on fears the economy was in recession. The Labor Department’s closely watched employment report on Friday also showed employers continuing to raise wages at a strong clip and generally …

U.S. labor market defies recession fears as job growth surges in July Read More »