Reuters UK Business

(Reuters) -Guess said on Wednesday it has agreed to be taken private by a group, including its co-founders, CEO and Reebok-owner Authentic Brands, in a deal valuing the designer apparel brand at $1.4 billion, including debt. As part of the transaction, co-founders Maurice Marciano and Paul Marciano, and CEO Carlos Alberini have partnered with Authentic …

Guess to go private in $1.4 billion deal with Authentic Brands, co-founders and CEO Read More »

STOCKHOLM (Reuters) -Norwegian, Swedish-Danish and Belgian postal groups Posten Bring, PostNord and bpost are pausing parcel shipments to the United States ahead of the scrapping of a U.S. customs tax loophole that allows duty-free entry for low-value packages, they said on Wednesday. U.S. President Donald Trump’s administration said last month it would suspend the global …

Nordic, Belgian postal operators pause shipments to US as Trump ends parcel tariff relief Read More »

By William Schomberg and David Milliken LONDON (Reuters) -British inflation hit its highest in 18 months in July when it increased to 3.8% from 3.6%, official data showed on Wednesday, once again leaving the country with the fastest rate of price increases among the world’s largest rich economies. Inflation in Britain’s services sector – which …

UK inflation rises to highest since early 2024 at 3.8% Read More »

By Sudip Kar-Gupta BRUSSELS (Reuters) -ING Belgium is under investigation as part of an ongoing probe into alleged money laundering by former European Union commissioner Didier Reynders – who denies the charge. “The public prosecutor’s office confirms an investigation has been opened. No further comments will be made,” said a spokesperson for the Belgian prosecutor’s …

ING Belgium investigated as part of probe into ex-EU commissioner Reynders Read More »

By Greg Bensinger SAN FRANCISCO (Reuters) -Amazon is plotting a big change to its Fire tablet lineup following years of escalating gripes from consumers and app developers over the company’s homegrown operating system.   As part of a project known internally as Kittyhawk, Amazon plans to release a higher-end tablet as soon as next year offering …

Exclusive-Amazon looks to ditch homegrown software for Android in Fire tablet revamp, sources say Read More »