Reuters UK Business Archives - Page 691 of 3179

Former ASML employee gets jail sentence for leaking tech files to Russian contact

10 Jul 2025 10 Jul 2025

By Nathan Vifflin ROTTERDAM (Reuters) -A Dutch court on Thursday sentenced a former employee of semiconductor firms ASML and NXP to three years in prison for sharing sensitive company technology with a contact in Russia, in violation of European Union sanctions. The Rotterdam court convicted German Aksenov, 43, of computer intrusion and illegally providing …

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Polestar’s quarterly EV sales jump as strength in Europe offsets US struggles

10 Jul 2025 10 Jul 2025

By Zaheer Kachwala (Reuters) -Polestar reported a surge in second-quarter sales on Thursday, bolstered by strong demand for its electric vehicles in its home market of Europe, even as it faces challenges in markets such as the U.S. Shares of the company rose more than 5%. Demand for Polestar’s EVs has remained resilient in Europe …

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Amazon considers another multibillion-dollar investment in Anthropic, FT reports

10 Jul 2025 10 Jul 2025

(Reuters) -Amazon is considering another multibillion-dollar investment in AI firm Anthropic to strengthen their strategic partnership, the Financial Times reported on Thursday, citing people with knowledge of the talks. The e-commerce giant has considered expanding its investment beyond the $8 billion already committed in November last year, the report said. Anthropic and Amazon declined to …

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Italian judge orders Glovo to discuss heat risks with unions

10 Jul 2025 10 Jul 2025

MILAN (Reuters) -A judge in Milan has ordered the Italian arm of Spanish online delivery company Glovo to hold talks with unions about the specific health and safety risks faced by freelance couriers working in high temperatures in Italy, a court document shows. The ruling, dated July 8 and reviewed by Reuters, came in response …

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Berlin weighs option of buying three more F127 frigates, says source

10 Jul 2025 10 Jul 2025

BERLIN (Reuters) -Germany is considering the option of buying three more F127 frigates than previously envisaged, including eight Aegis combat systems produced by U.S. defence giant Lockheed Martin , a military source told Reuters on Thursday. Previously, Berlin had been eyeing the purchase of five F127 air defence frigates which are meant to replace the …

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Nestle says French offices searched by authorities

10 Jul 2025 10 Jul 2025

PARIS (Reuters) -Swiss food giant Nestle said on Thursday that its offices in France were being searched by French authorities, confirming earlier reports. Nestle has been under investigation by a Paris judicial court since February for using unauthorised filters in the production of its bottled mineral waters. “We continue to cooperate fully with the authorities …

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Handbag maker Mulberry raises $27 million from top investors

10 Jul 2025 10 Jul 2025

(Reuters) -Britain’s Mulberry said on Thursday it has raised 20 million pounds ($27.14 million) through convertible debt from its two biggest shareholders as it seeks to bolster operations and support growth. Shares of Mulberry fell 5.1% to 92.5 pence apiece by 1309 GMT. The high-end luxury bag maker also reported an 18% fall in group …

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Temasek sees more opportunities in Europe after investing $7.8 billion in region last year

10 Jul 2025 10 Jul 2025

(Refiles to fix formatting of alerts) By Yantoultra Ngui SINGAPORE (Reuters) -Singapore’s state investor Temasek sees growing investment opportunities in Europe as the impact of trade tensions on the economic climate makes some companies more attractive in terms of valuations, a senior executive told Reuters on Thursday. A trade war, that followed U.S. President Donald …

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Insolvency sale of Frankfurt office tower to test fragile German market

10 Jul 2025 10 Jul 2025

By Iain Withers and Tom Sims LONDON/FRANKFURT (Reuters) -Administrators are seeking buyers for a skyscraper in Germany’s financial capital of Frankfurt after its owner filed for insolvency last year, in a significant test for whether the country’s punishing office property downturn has found a bottom. The 186 m (610.24 ft) Trianon building – which currently …

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WK Kellogg agrees to $3.1 billion buyout deal by Italy’s Ferrero

10 Jul 2025 10 Jul 2025

(Reuters) -WK Kellogg on Thursday agreed to be bought by the owner of Ferrero Rocher in a deal worth around $3.1 billion, as the cereal maker has been struggling with weakening consumer demand due to persistently high inflation. (Reporting by Savyata Mishra in Bengaluru; Editing by Shinjini Ganguli)