By Toby Sterling VELDHOVEN, Netherlands (Reuters) – ASML, a semiconductor industry and stock market giant, has to think smaller. Or maybe bigger. It is building machines the size of double-decker buses, weighing over 200 tonnes, in its quest to produce beams of focused light that create the microscopic circuitry on computer chips used in everything …
Computer chip giant ASML places big bets on a tiny future Read More »
BERLIN (Reuters) – A German court has put a nation-wide sales and production ban on Ford cars able to establish internet connection, it said, as part of a lawsuit over the violation of wireless technology patents. The verdict by the Munich regional court is not legally binding and can still be appealed, it said, adding …
Court puts sales ban on Ford’s internet-linked cars in Germany in patent dispute Read More »
By James Davey LONDON (Reuters) – On Wednesday, Steve Rowe will step down as chief executive of Marks & Spencer after six years, ending a 39 year career at the British retailer. He will be succeeded in one of the most high profile jobs in British business by M&S’s food boss and joint chief operating …
By Karin Strohecker LONDON (Reuters) -Russia rushed forward two payments on its international debt on Friday in its latest attempt to stave off a default that has looked on cards since its invasion of Ukraine. A week before the interest payments are due and just five days before a key U.S. waiver allowing such transfers …
Russia makes early debt payment dash to dodge default Read More »
MILAN (Reuters) – Telecom Italia (TIM) is eyeing a preliminary agreement with state lender CDP over a long-held plan to merge TIM’s network assets with those of state-backed rival Open Fiber as early as next week, two sources said on Friday. Under pressure for years in its hyper-competitive domestic market, debt-laden TIM last month started …
Italy’s TIM, CDP eye preliminary deal on single network, sources say Read More »
(Reuters) -UK’s FTSE 100 rebounded on Friday as a move by China to support its economy lifted sentiment at the end of a rocky week for markets, while e-commerce firm THG soared after rejecting a takeover proposal. The blue-chip FTSE 100 index added 1.2%, while domestically focussed FTSE 250 index added 0.8%, erasing nearly all …
FTSE 100 rebounds on China optimism; THG surges after rejecting buyout bid Read More »
LONDON/PARIS (Reuters) -A new nuclear plant in southwest England has been delayed by another year and will cost an extra 3 billion pounds ($3.7 billion), its developer warned, in a setback to the British government’s drive for energy independence. The Hinkley Point C plant is now expected to start in June 2027, a decade later …
Britain’s new nuclear plant faces more delays and costs Read More »
LONDON (Reuters) -British advertising group M&C Saatchi has agreed a takeover by consultancy Next Fifteen Communications, which it said on Friday represented a better offer than one made by its biggest shareholder. M&C, founded in 1995 by brothers Maurice and Charles Saatchi, has been recovering from a 2019 accounting scandal but last month reported a …
M&C Saatchi agrees to $390 million takeover by Next Fifteen Read More »
(Reuters) – Sterling was set for its biggest weekly gain since December 2020 against a weakening dollar on Friday as the latest economic data suggested the market might not need to scale back much further its expectations for Bank of England rate hikes. The U.S. dollar was headed for its worst week since early February, …
Sterling set for its biggest weekly rise since Dec 2020 vs dollar Read More »
(Reuters) -European shares surged on Friday and were set to erase weekly losses as hopes of an economic recovery in major trading partner China were bolstered by more central bank stimulus. China’s central bank cut its five-year loan prime rate by a more-than-expected 15 basis points, boosting global market sentiment even as COVID-19 cases in …
European shares rally as China stimulus lifts recovery hopes Read More »
