Reuters UK Business

By Supantha Mukherjee, Sarah Marsh and Christoph Steitz MUNICH/BERLIN/FRANKFURT (Reuters) -For Gundbert Scherf – the co-founder of Germany’s Helsing, Europe’s most valuable defence start-up – Russia’s invasion of Ukraine changed everything. Scherf had to fight hard to attract investment after starting his company – which produces military strike drones and battlefield AI – four years …

Spy cockroaches and AI robots: Germany plots the future of warfare Read More »

By Foo Yun Chee BRUSSELS (Reuters) -The European Commission will not ask Alphabet, Amazon, Apple, ByteDance, Meta Platforms and Microsoft to pay the cost of monitoring their compliance with a new digital law, the EU tech chief said on Wednesday. Germany and European Parliament lawmakers have lobbied for a supervisory fee to be levied on …

No plans to get Big Tech to pay digital law compliance costs, EU tech chief says Read More »

By Nerijus Adomaitis OSLO (Reuters) -Europe’s gas market could tighten further ahead of the winter season as storage levels remain well below last year and the continent faces competition from Asia for LNG shipments, the CEO of Norway’s Equinor told Reuters on Wednesday. Europe’s biggest gas producer said the prospect of a rebound in pipeline …

Equinor eyes tighter gas market as lower oil prices hit Q2 profit Read More »

TOKYO (Reuters) -The European Union and Japan will work more closely to counter economic coercion and address unfair trade practices, European Commission President Ursula von der Leyen told reporters on Wednesday. Von der Leyen’s comments came after an EU-Japan summit with Japanese Prime Minister Shigeru Ishiba as the EU struggles to conclude a trade deal …

EU, Japan to work more closely to address unfair trade, EU’s von der Leyen says Read More »

By Marta Frackowiak (Reuters) -SSAB’s earnings fell more than expected in the second quarter, hit by lower steel prices and a weakening European market due to tariff-driven uncertainty, the Swedish steelmaker said on Wednesday, sending its shares more than 7% lower. High energy costs and competition from Chinese producers have struck Europe’s steel industry in …

SSAB posts profit miss as tariffs shake European steel market Read More »

By Forrest Crellin and Elizabeth Pineau PARIS (Reuters) -French energy company EDF is planning to cut its headcount overseas and scrap bids on some nuclear projects abroad as it focuses on a major construction programme at home under new CEO Bernard Fontana, said two sources familiar with the matter. France, a global leader in nuclear …

Exclusive-France’s EDF to withdraw from some overseas projects, cut jobs, sources say Read More »