Reuters UK Business

By Mrinmay Dey (Reuters) -The World Economic Forum closed an investigation on its founder Klaus Schwab on Friday, clearing him of any wrongdoing, and appointed BlackRock CEO Larry Fink and Roche Holding’s vice-chair Andre Hoffmann as interim co-chairs of its board. The Geneva-based organisation had launched an investigation in April into 87-year-old Schwab following a …

WEF clears founder Schwab of wrongdoing; appoints interim co-chairs Read More »

By Marwa Rashad and Anna Hirtenstein LONDON (Reuters) -The United States has had internal discussions on using Russian nuclear-powered icebreaker vessels to support the development of gas and LNG projects in Alaska as one of the possible deals to aim for when President Donald Trump meets Vladimir Putin on Friday, three sources familiar with the …

Exclusive-US mulled use of Russia icebreakers for gas development ahead of summit-sources Read More »

(Reuters) -Switzerland’s U-Blox Holding, a maker of microchips and software for car navigation, said on Friday it was in talks with Advent International about being taken over by the private equity firm. “Whether a transaction will materialise is open at this stage,” the company said in a statement. Advent declined to comment. Bloomberg reported the …

U-Blox says in talks about takeover by Advent Read More »

(Reuters) -British stock indexes were led lower by financial shares on Friday after a U.S. lawmaker called for an investigation into Standard Chartered bank, pointing to sanctions violations. Elise Stefanik, a Republican representative from New York, requested a special attorney probe into Standard Chartered, sending its shares down 7.2% by the close. The blue-chip FTSE …

London stocks dragged down by financials after US lawmaker calls for StanChart probe Read More »

By Twesha Dikshit, Purvi Agarwal and Sukriti Gupta (Reuters) -European shares came off multi-month highs on Friday, as declines in heavyweight tech and financial shares offset gains from some corporate earnings, while investors monitored a crucial U.S.-Russia summit. The pan-European STOXX 600 index closed 0.1% lower, after hitting a near five-month high earlier in the …

European shares log second weekly gain, focus on Trump-Putin talks Read More »

By James Davey LONDON (Reuters) -Britain’s government will not provide financial support to the struggling bioethanol industry, it said on Friday, leaving a sector hit hard by the UK’s tariff deal with U.S. President Donald Trump facing imminent collapse. The failure of the industry, which supports thousands of jobs, could prove to be an embarrassment …

Britain will not bail out bioethanol industry hit by Trump trade deal Read More »

LONDON (Reuters) -Standard Chartered shares fell nearly 9% on Friday after a U.S. Republican lawmaker wrote to the Attorney General, Pam Bondi, asking for a probe to be launched into the bank, claiming it was involved in sanctions evasion. Elise Stefanik, a New York Republican, requested in a letter shared on the X social media …

StanChart shares fall 9% after US lawmaker calls for probe Read More »

By James Davey LONDON (Reuters) -Associated British Foods has agreed to buy Hovis, giving it another big UK bread brand on top of Kingsmill so they can better compete in a market that has seen a decline in demand for the packaged sliced loaf. Associated British Foods said on Friday it would acquire the 135-year …

Kingsmill owner AB Foods buys Hovis to create UK bread powerhouse Read More »