By Susanna Twidale LONDON (Reuters) -Britain is launching its first ever onshore wind strategy, designed to boost renewable power capacity and increase jobs in the sector, the government said on Friday. Britain is aiming to largely decarbonise its electricity sector by 2030 as part of efforts to meet its climate goals, boost energy security and …
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LONDON (Reuters) -Digital bank Zopa is expanding to the northern English city of Manchester, where it could eventually house up to 500 staff, it said on Friday, as it continues its push to take on incumbent traditional banks such as HSBC and Barclays. Across Europe, competitive pressure has increased in banking and a series of …
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(Reuters) -The U.S. company Techmet is likely to bid in the first pilot project of the Ukraine-U.S. joint Reconstruction Investment Fund on a lithium mine in the centre of the country, Ukraine’s first Deputy Prime Minister said on Thursday. Svyrydenko, writing on Facebook, reported on a meeting between President Volodymyr Zelenskiy and U.S. businesses, with …
By Supantha Mukherjee STOCKHOLM (Reuters) -With less than a month to go before parts of the European Union’s AI Act come into force, companies are calling for a pause in the provisions and getting support from some politicians. Groups representing big U.S. tech companies such as Google owner Alphabet and Facebook owner Meta, and European …
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By Foo Yun Chee and Supantha Mukherjee BRUSSELS (Reuters) -A code of practice designed to help thousands of companies comply with the European Union’s landmark artificial intelligence rules may only apply at the end of 2025, the European Commission said on Thursday. Alphabet’s Google, Meta Platforms, European companies such as Mistral and ASML as well …
Code of practice to help firms comply with AI rules may apply end 2025, EU says Read More »
(Reuters) -Italian lender BPER has increased its bid for smaller rival Popolare di Sondrio to 5.44 billion euros ($6.39 billion), the bank said on Thursday, heating up the race in the country’s financial sector that has seen a flurry of deals and offers. The bid represents a premium of 3% based on Popolare di Sondrio …
Italian lender BPER boosts Pop Sondrio bid to $6.39 billion Read More »
LONDON (Reuters) -Life and pensions company Chesnara has agreed to buy HSBC’s UK life insurance business for 260 million pounds ($355 million) in cash, Chesnara said on Thursday. The sale of HSBC Life (UK) is the latest by the banking giant as it looks to simplify its business and improve returns under CEO Georges Elhedery. …
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PARIS (Reuters) -More than 1,500 flights have been cancelled on July 3-4, affecting nearly 300,000 passengers, due to a strike by French air traffic controllers, European industry lobby Airlines for Europe said in a statement. “Airlines for Europe (A4E) strongly condemns the French air traffic control (ATC) strike taking place today and tomorrow,” it said. …
By Foo Yun Chee BRUSSELS (Reuters) -The two co-chief executives of Universal Music Group’s Virgin Music Group on Thursday pushed back against critics of its $775 million acquisition of Downtown Music, saying the deal would create a company providing a wide range of services to independent labels. The European Commission is currently reviewing the deal …
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PARIS (Reuters) -Automaker Stellantis is recalling some diesel cars in Europe that were produced between October 2017 and January 2023, due to potential camshaft chain issues, it said on Thursday. It said almost 930,000 vehicles in France were affected, but did not provide an overall figure for all of Europe. An additional 117,000 cars were …
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