Reuters UK Business

By Amanda Ferguson BELFAST (Reuters) – Northern Irish businesses urged Britain to tackle disruption to post-Brexit trade through negotiations with the European Union rather than pursuing unilateral plans published on Monday that some sectors said would leave them worse off. London has pledged to implement the legislation overriding some post-Brexit trade rules for the British-run …

N.Irish businesses urge UK against potentially damaging unilateral plans Read More »

By Karen Brettell (Reuters) – Benchmark 10-year Treasury yields hit their highest level since 2011 on Monday, and a key part of the yield curve inverted for the first time since April as investors braced for the prospect that the Federal Reserve’s attempts to stem soaring inflation will dent the economy. Yields jumped after data …

Yields rise to decade highs, curve inverts on growth fears Read More »

(Reuters) – Chris Kirchner’s proposed acquisition of third-tier club Derby County is off after the American businessman withdrew his offer, the English Football League (EFL) said on Monday. Kirchner, who was named preferred bidder in April, was given conditional approval to buy the club last by the EFL month but he failed to meet Friday’s …

Soccer-Kirchner withdraws bid to buy Derby County – EFL Read More »

By Paul Sandle LONDON (Reuters) – Britain launched a digital strategy on Monday focused on simplifying regulation, supporting critical technologies like semiconductors and tackling skills gaps to help drive economic growth. Tech minister Chris Philp said UK firms had raised more than 12 billion pounds ($14.6 billion) in venture capital so far this year, second …

UK targets light-touch regulation to boost tech sector, minister says Read More »

By Foo Yun Chee BRUSSELS (Reuters) -Alphabet Inc unit Google, Facebook Inc, Twitter Inc and other tech companies will have to take measures to counter deepfakes and fake accounts on their platforms or risk hefty fines under an updated European Union code of practice, according to an EU document seen by Reuters. The European Commission …

Exclusive-Google, Facebook, Twitter to tackle deepfakes or risk EU fines – document Read More »

(Reuters) – Amazon.com Inc’s e-commerce services were down for thousands of users on Monday, according to outage tracking website Downdetector.com. There were more than 11,000 incidents of people reporting issues with Amazon starting from about 1 p.m. ET, said Downdetector, which tracks outages by collating status reports from sources including user-submitted errors on its platform. …

Amazon down for thousands of users – Downdetector Read More »

LONDON (Reuters) – The Bank of England said on Monday that it would remove a post-COVID capital buffer adjustment now that risks from the pandemic had subsided. “Removing a temporary capital adjustment that is no longer necessary aims to achieve simplicity and enhances proportionality, thereby facilitating effective competition,” the BoE said in a statement. In …

Bank of England to drop post-COVID capital buffer rule Read More »

PARIS (Reuters) – French care home company Orpea, under pressure over its business practices and how it runs its homes, said on Monday it had approved new financing that would result in a new drawdown for it of 250 million euros ($260 million). “The agreement reached is therefore hugely beneficial to the ORPEA Group and …

Care home firm Orpea, under pressure over practices, gets new financing Read More »