Reuters UK Business

Portugal’s EDP urges faster licensing, higher returns to expand grid

17 Sep 2025

By Sergio Goncalves LISBON (Reuters) -Portugal’s largest utility, EDP, wants faster licensing and higher returns on assets to expand its electricity grid, which is crucial for the country to carry out its planned multibillion-dollar green industrial projects, its CEO said. “Without more electricity grids, there is no energy transition. The difficulty in accessing the grid …

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AstraZeneca’s asthma drug fails ‘smoker’s lung’ study

17 Sep 2025

(Reuters) – AstraZeneca said on Wednesday its asthma drug Fasenra failed to control the rate of flare-ups in patients with chronic obstructive pulmonary disease (COPD) in a late-stage study, in a setback to efforts to help tackle a severe lung disease. The drugmaker said Fasenra did not meet the primary endpoint in COPD patients compared …

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STMicro to invest $60 million in French plant facing restructuring

17 Sep 2025

By Nathan Vifflin (Reuters) -Chipmaker STMicroelectronics on Wednesday announced a $60 million investment for its plant in Tours, France, where it plans to develop a pilot line for advanced semiconductor manufacturing technology. The Franco-Italian firm said it will develop the next generations of an advanced process at the plant. It has been moving older chipmaking …

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UK and US agree $42 billion tech pact to mark Trump’s visit

17 Sep 2025

By Paul Sandle and Sam Tabahriti LONDON (Reuters) -Britain and the United States have agreed a technology pact to boost ties in AI, quantum computing and civil nuclear energy, with top U.S. firms led by Microsoft pledging 31 billion pounds ($42 billion) in UK investments. The “Tech Prosperity Deal” is part of U.S. President Donald …

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Morning Bid: Finally, the Fed

17 Sep 2025

A look at the day ahead in European and global markets from Rocky Swift After weeks of market gyration and agonising over every speck of U.S. data, the day is finally upon us when the Federal Reserve delivers its appraisal of how much stimulus the world’s biggest economy needs to keep humming along. Markets have …

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Australia’s Orion Minerals signs deal with Glencore unit for up to $250 million funding

17 Sep 2025

(Reuters) -Australia’s Orion Minerals said on Wednesday it has signed a non-binding term sheet with a unit of global miner Glencore for $200 million–$250 million funding for its Prieska copper-zinc project in South Africa. The diversified metal developer said that the deal includes an offtake agreement with Glencore to sell 100% of zinc and copper …

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Lilly weight-loss pill could be FDA-approved by year-end

16 Sep 2025

By Deena Beasley (Reuters) – Eli Lilly’s experimental weight-loss pill could be fast-tracked under a one- to two-month review process recently launched by the U.S. Food and Drug Administration, several Wall Street analysts said. Analysts speculate that the drug, orforglipron, is a viable candidate given the growing cost burden of expensive injectable weight-loss drugs and …

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Trading Day: Fed clock tick-tock

16 Sep 2025

By Jamie McGeever ORLANDO, Florida (Reuters) -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist  U.S. stocks dipped slightly on Tuesday but not before the S&P 500 and Nasdaq hit new highs, as investors braced for an expected rate cut from the Federal Reserve on Wednesday. Gold also hit …

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