Reuters UK Business

By Lawrence White, Sinead Cruise and Simon Jessop LONDON (Reuters) – Central bank policymakers and other global authorities are exaggerating the financial risks of climate change, a senior HSBC banker in charge of sustainable investments said in remarks that drew criticism from climate activists. The bank said his views did not reflect those of HSBC …

Financial risks of climate change overplayed, senior HSBC banker says Read More »

By Yousef Saba DUBAI (Reuters) – UAE telecoms group e& said on Friday it will consider joint investments with Vodafone after buying a 9.8% stake in the British company last week, and is seeking to cooperate on procurement as well as research and development. Hatem Dowidar, chief executive of the company formerly known as Etisalat, …

Vodafone shareholder e& will consider joint investments Read More »

By Dominique Vidalon PARIS (Reuters) -Air France-KLM said on Friday it had entered exclusive talks with private equity firm Apollo for a 500 million euro ($529 million) capital injection for one of its engineering and maintenance units to help repay French state aid. “The proceeds of the transaction would enable Air France-KLM and Air France …

Air France-KLM in talks with Apollo on 500 million euro cash injection Read More »

By Jennifer Rigby LONDON (Reuters) – Pharmaceutical companies including Novartis and Roche have teamed up with global cancer organisations in an alliance aimed at getting more oncology medications to poorer countries. Currently, fewer than 50% of the cancer drugs on the World Health Organization’s (WHO) essential medicines list are available in low and middle income …

Cancer coalition aims to boost access to medicines in poorer countries Read More »

FRANKFURT (Reuters) – The European Central Bank can start raising interest rates, perhaps as soon as July, moving them gradually back into positive territory, Italian central bank chief Ignazio Visco told Bloomberg TV on Friday. “Inflation expectations are now at around 2% and apparently, they’re going to stay there,” Visco said. “Therefore we can move …

ECB can move rates back into positive territory: Visco Read More »

By Silke Koltrowitz and Silvia Aloisi ZURICH (Reuters) – Luxury goods group Richemont struck a cautious note over growth in China after its full-year profit disappointed, sending its shares sharply lower and weighing on the sector. The maker of Cartier jewellery and IWC watches also failed to report any meaningful progress in long-running talks that …

Richemont cautious on China growth, talks on YNAP drag on Read More »

SAO PAULO (Reuters) – Shareholders of Carrefour Brasil approved on Thursday the acquisition of Grupo BIG Brasil SA, according to a securities filing. The local unit of the French retail giant announced on March 2021 the acquisition of Grupo BIG for roughly 7.5 billion reais ($1.52 billion) from Walmart and investment firm Advent International. ($1 …

Carrefour Brasil’s shareholders approve Grupo BIG acquisition Read More »

LONDON (Reuters) – British e-commerce company THG was at the centre of a bid battle on Thursday, rejecting an offer from two investment groups and learning that local entrepreneur Nick Candy was considering making a bid. The nutrition, beauty and e-commerce platform has been on a rollercoaster ride since it floated in 2020, with its …

UK’s THG rejects bid approach; entrepreneur Candy shows interest Read More »

(Reuters) – Five foreign vice-presidents of Russia’s Rosneft have resigned because of European Union sanctions forbidding European citizens or Russians living in the EU to work at the Kremlin oil major, six sources familiar with the matter said. They said the five – Didier Casimiro, Eric Liron, Zeljko Runje, Avril Conroy and Otabek Karimov – …

Rosneft faces foreign managers’ departures as sanctions push out EU citizens – sources Read More »

By Elizabeth Culliford and Katie Paul (Reuters) -WhatsApp is introducing free cloud-based API services in a push to get more businesses using the app, Meta Platforms CEO Mark Zuckerberg announced at the company’s messaging event on Thursday. The messaging service, which has increasingly courted business users, is one of several platforms where Facebook-owner Meta has …

WhatsApp to launch cloud-based tools, premium features for businesses Read More »