By James Davey LONDON (Reuters) -Britain’s economy will see a dramatic decline in job opportunities, particularly at the entry level, the boss of fashion retailer Next said on Thursday, partly blaming Labour government policies. Wolfson, also a Conservative peer who sits in the upper house of parliament, said employment was facing the triple pressures of …
UK economy to see declining job opportunities, says Next boss Read More »
By Ludwig Burger FRANKFURT (Reuters) – Roche has agreed to buy U.S. biotech firm 89bio for up to $3.5 billion, joining a race to offer new liver disease treatments that complement an intense push in the area of weight-loss drugs. The deal would help Roche grow in a field related to the booming weight-loss market, …
Roche to acquire liver drug developer 89bio for up to $3.5 billion Read More »
By Kirstin Ridley LONDON (Reuters) -A former boss of one of Britain’s oldest business groups has been banned from holding company directorships for 11 years after abusing a state-backed emergency loan scheme for businesses struggling during the COVID pandemic. Britain’s Insolvency Service said on Thursday it had barred Anna Daroy, a 61-year-old former director general …
Former chief of UK directors’ lobby group banned for COVID loan abuse Read More »
(Reuters) – Radian Group said on Thursday it would buy UK-based Inigo for $1.7 billion as the U.S. mortgage insurer seeks to transform into a global multi-line specialty insurer. The company’s expansion into the Lloyd’s global specialty market follows a strategic review to diversify beyond its traditional mortgage insurance offerings. Shares of Wayne, Pennsylvania-based Radian …
Radian to buy Lloyd’s syndicate Inigo for $1.7 billion in specialty insurance push Read More »
By Valentina Za and Giuseppe Fonte ROME (Reuters) -The European Union should clarify rules for identical stablecoins issued across borders, a senior Bank of Italy official said on Thursday, urging uniform standards to protect users. Stablecoins – crypto assets pegged to traditional currencies or commodities – have created friction between the European Commission and the …
Bank of Italy urges clarity on rules for multi-issuance stablecoins Read More »
(Reuters) -Humanoid on Thursday unveiled the UK’s first humanoid robot for industrial use, as the startup hopes to gain a foothold in the growing artificial intelligence robotics industry. The wheeled robot, dubbed HMND 01 Alpha, will be tested across industrial facilities, gathering insights on whether certain functions need refinement. This will help shape its Beta …
UK-based Humanoid unveils first robot for industrial use Read More »
By Jan Strupczewski BRUSSELS (Reuters) -The European Union is discussing ways to use frozen Russian assets to underpin a so-called “reparation loan” to Ukraine to bolster its wartime finances and bypass the risk of a veto by Moscow-friendly Hungary, officials close to the project said. Ukraine would only pay back the reparation loan once it …
EU floats plan to use frozen Russian assets for Ukraine loan, bypassing a Hungary veto Read More »
MADRID (Reuters) – Spanish airport operator Aena said on Thursday it plans to triple its investments to 12.88 billion euros ($15.24 billion) during the 2027-2031 period, aiming to upgrade terminals to cope with passenger traffic increases. The company estimates Spanish airports will handle up to 320 million passengers in 2025, a 3.4% increase from last …
Spain’s Aena to invest $15.2 billion in airport upgrades in 2027-2031 Read More »
LONDON (Reuters) – The Bank of England left rates unchanged on Thursday and said it was slowing the pace of its quantitative tightening programme and skewing sales away from long-dated gilts to minimise the impact on turbulent bond markets. Policymakers voted 7-2 to slow the annual pace at which it unloads the gilts that it …
Instant view: Bank of England leave rates on hold, slows down QT Read More »
By Aditya Soni and Echo Wang MENLO PARK, California (Reuters) – Meta Platforms on Wednesday launched its first consumer-ready smart glasses with a built-in display, seeking to extend the momentum of its Ray-Ban line, one of the early consumer hits of the artificial intelligence era. CEO Mark Zuckerberg showed off the Meta Ray-Ban Display and …
Meta launches smart glasses with built-in display, reaching for ‘superintelligence’ Read More »
