Reuters UK Business

Apple in talks to use Google’s Gemini AI to power revamped Siri, Bloomberg News reports

(Reuters) -Apple is in early talks to use Google’s Gemini AI to revamp the Siri voice assistant, Bloomberg News reported on Friday, citing people familiar with the matter. Alphabet’s shares were up 3.7% while Apple’s stock was up 1.6%, both extending gains in afternoon trading following the report. Apple recently approached Alphabet’s Google to develop …

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UK’s Revolution Beauty turns to co-founders to lead turnaround, scraps sale process

(Reuters) -Struggling cosmetics group Revolution Beauty is turning to its co-founders as it attempts to revive the business and has ended its sale process, it said on Friday, after years of management missteps and declining sales eroded its value. Tom Allsworth, who co-founded the group with Adam Minto in 2014, will return as CEO and …

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ProSiebenSat.1 works council warns against job losses in MFE takeover

By Alexander Hübner MUNICH (Reuters) -The head of the works council at ProSiebenSat.1 on Friday demanded that the German media group’s likely takeover by Italian suitor MFE must not result in job losses.  Owned by the family of late Italian Prime Minister Silvio Berlusconi, MFE is courting ProSieben shareholders to sell their holdings over the …

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UK’s FTSE extends record-closing streak after Fed’s Powell signals rate cut

(Reuters) -Britain’s FTSE 100 closed at a fresh all-time high on Friday for a fourth consecutive session, as global stocks rallied after U.S. Federal Reserve Chair Jerome Powell hinted at an imminent rate cut. The blue-chip index ended up 0.2% at 9,321.4, to cap off the week with a near 2% gain, benefiting from a …

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European shares close at five-month highs after Powell hints at September rate cut

By Twesha Dikshit and Sukriti Gupta (Reuters) -European shares closed at their highest level in more than five months on Friday after U.S. Federal Reserve Chair Jerome Powell pointed to a possible September interest rate cut in his Jackson Hole Symposium speech. The pan-European STOXX 600 index closed 0.4% higher, less than 1% away from …

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French winemakers fear Trump tariffs will hit sales in crucial US market

By Manuel Ausloos EPERNAY, France (Reuters) -French wine and spirits producers are bracing for a 15% tariff on their exports to the United States, a crucial market, even as the European Commission pledges to keep pressing for a preferential rate for the sector. Details of an EU-U.S. trade deal released on Thursday after months of …

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Germany’s DHL joins peers in restricting US-bound parcel services

DUSSELDORF, Germany (Reuters) -DHL said on Friday Deutsche Post and its German parcel service would suspend the shipment of standard parcels for businesses to the U.S. in line with similar moves by European peers deterred by looming U.S. customs duties for low-value packages. U.S. President Donald Trump’s administration said last month it would suspend the …

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Swiss bank Safra Sarasin fined 3.5 million francs in ‘Car Wash’ probe

(adds dropped part of company name in third paragraph) ZURICH (Reuters) -Switzerland’s attorney general has fined Swiss private bank J. Safra Sarasin SA 3.5 million Swiss francs ($4.3 million) under a years-long corruption and money laundering case surrounding Brazilian state oil company Petrobras, it said on Friday. In a statement, the highest Swiss prosecutors’ office …

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Moody’s cuts Spirit Airlines’ credit rating further into junk territory

By Matt Tracy (Reuters) -U.S. airline operator Spirit Airlines took another hit to its credit rating on Friday after Moody’s Ratings downgraded it two notches deeper into junk territory. In a report accompanying the downgrade on Friday, analysts from the ratings agency highlighted Dania Beach, Florida-based Spirit’s “higher than expected cash burn” compared to its …

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European farmers facing higher costs after EU tariffs on Russian fertiliser imports

(Corrects Dmitry Tatyanin’s title to Chairman in paragraph 17) By Alexander Marrow LONDON (Reuters) -EU tariffs on Russian fertiliser imports that aim to cut funding for Moscow’s war in Ukraine have so far hit European farmers, raising costs and risking higher consumer prices while Russian companies say they can divert exports to other markets. “We’re …

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