Reuters UK Business

By Toby Sterling AMSTERDAM (Reuters) -The Dutch government has taken control of Chinese-owned computer chipmaker Nexperia, ratcheting up tensions with Beijing as a global fight brews over technology intellectual property, especially around semiconductors. The government said late on Sunday that it has intervened in Nijmegen-headquartered Nexperia, which manufactures chips for cars and consumer electronics. It cited …

In rare move, Dutch government takes control of China-owned chipmaker Nexperia Read More »

By Matt Tracy (Reuters) -Credit rating agency Moody’s Ratings changed European automaker Stellantis’ ratings outlook to negative on Monday, though maintained its current ratings. In their Monday report, Moody’s analysts outlined the financial risks facing the owner of Chrysler, Fiat, Jeep and other car brands. The report highlighted Stellantis’s weak operating performance, as well as …

Moody’s puts Chrysler owner’s credit ratings on negative outlook Read More »

PARIS (Reuters) -French Prime Minister Sebastien Lecornu aims to put an over 30-billion-euro squeeze on the budget next year to get the fiscal deficit down to 4.7% of economic output, La Tribune reported on Monday. The issue, which is set to be published on Tuesday, said the budget would aim to cut costs by 31 …

French PM Lecornu will present budget to cut deficit to 4.7% by end-2026, La Tribune reports Read More »

(Reuters) -Bombardier added a new order from Comlux Aviation for its Global 8000 business jet to its backlog, the Canadian planemaker announced on Monday during the National Business Aviation Association’s annual conference. The company is still on track this year to deliver the first Global 8000, which it claims is the fastest purpose-built business jet …

Bombardier announces Comlux Aviation as new Global 8000 business jet customer Read More »

By Markus Wacket BERLIN (Reuters) -The German government will order 424 new wheeled armoured vehicles for almost 7 billion euros ($8.11 billion), according to finance ministry documents seen by Reuters on Monday. The lower house of parliament’s budget committee is set to approve the arms deal for the country’s army in the next few days. …

Exclusive-Germany to acquire armoured vehicles worth almost $7 billion Read More »

By Kate Abnett and Inti Landauro BRUSSELS (Reuters) -The European Parliament’s legal committee on Monday backed plans to water down the EU’s corporate sustainability law, which is facing pushback from companies that say complying with the rules would hinder the competitiveness of European industries. The European Union’s corporate sustainability due diligence directive (CSDDD) was adopted …

EU lawmakers back cuts to sustainability law’s reach Read More »

(Reuters) -French tire maker Michelin on Monday cut its full-year outlook citing worse-than-expected business conditions in the North American market that have eroded sales volumes and margins. The company now expects 2025 segment operating income at constant exchange rates between 2.6 billion euros and 3.0 billion euros ($3.0 billion-$3.5 billion), down from an earlier forecast …

Michelin cuts annual outlook on worse-than-expected tire demand in North America Read More »

(In October 10 story, corrects paragraph 15 to clarify that while some high-fee models have underperformed traditional models, full pass-through models are marginally ahead) By Nell Mackenzie LONDON (Reuters) -Eisler Capital’s decision to close its flagship multi-strategy hedge fund as soaring staff costs eroded trading profit exposes the difficulty London-based funds face when trying to …

Soaring fund manager pay cost Eisler Capital dear Read More »