LONDON (Reuters) -British-based sportscar company Lotus said it has no plans to close a factory in eastern England, following a report in the Financial Times which said manufacturing there could end with the loss of 1,300 jobs. “Lotus Cars is continuing normal operations, and there are no plans to close the factory,” Lotus said in …
Car maker Lotus says it has no plans to close English factory Read More »
By Jonathan Stempel (Reuters) -Warren Buffett donated on Friday another $6 billion of Berkshire Hathaway stock to the Gates Foundation and four family charities, his biggest annual donation since he began giving away his fortune nearly two decades ago. The donation of about 12.36 million Berkshire Class B shares boosted Buffett’s overall giving to the …
Warren Buffett donates record $6 billion Berkshire shares Read More »
By Jeffrey Dastin, Stephen Nellis and Max A. Cherney (Reuters) -Intel’s top strategy executive, Safroadu Yeboah-Amankwah, is departing the company, the latest change since Lip-Bu Tan took the chipmaker’s helm in March, two people familiar with the matter told Reuters. Intel confirmed the departure, saying, “We are grateful for Saf’s contributions to Intel and wish …
Exclusive-Intel’s top strategy officer to depart this month Read More »
(Reuters) -BNP Paribas agreed with Europe’s biggest bank HSBC to acquire the custody and depositary bank business of HSBC Continental Europe in Germany, BNP Paribas said on Friday. The agreement provides for the transfer of the services currently provided by HSBC Continental Europe, Germany, to BNP Paribas’ Securities Services business in Germany, it added. The …
BNP Paribas to acquire HSBC’s custody and depositary business in Germany Read More »
LONDON (Reuters) -The CEO of Barclays has welcomed indications that U.S. Republicans may scrap the Section 899 retaliatory tax proposal from their tax and spending bill. “The developments on 899 are welcome progress and a significant outcome for a great many UK companies like Barclays that invest in the US and support economic growth in …
Barclays CEO hails possible scrapping of Trump retaliatory tax Read More »
(Reuters) -A story saying Telsa had hired a former Cruise AI executive as the automaker’s AI director has been withdrawn. Reuters picked up the story from the news website Electrek. There will be no substitute. STORY_NUMBER: L4N3SU0YP STORY_DATE: 27/06/2025 STORY_TIME: 1543 GMT
(Reuters) -Tesla CEO Elon Musk said on Friday that the first fully autonomous delivery of Model Y from the factory to a customer’s home across town was completed a day ahead of schedule. (Reporting by Harshita Mary Varghese in Bengaluru; Editing by Alan Barona)
LONDON (Reuters) -Global payments processors Visa and Mastercard’s default multilateral interchange fees which are charged to retailers infringe competition law, a London tribunal ruled on Friday in the latest round of the long-running legal saga. London’s Competition Appeal Tribunal unanimously ruled that Visa and Mastercard’s multilateral interchange fees breach European competition law, in a ruling …
Mastercard, Visa’s merchant fees breach competition law, UK tribunal rules Read More »
PARIS -Parvus Asset Management, a hedge fund registered in Britain, has raised its stake in Kering, a filing by France’s financial regulator showed on Friday, now holding around 5% of the group’s share capital. The filing comes as Kering is under increased market pressure, with shares down by over 60% in the past two years …
Hedge fund Parvus holds 5% stake in luxury group Kering, filing shows Read More »
By Sukriti Gupta, Sanchayaita Roy and Pranav Kashyap (Reuters) -European stocks closed at an over one-week high on Friday, fuelled by a rally in automakers, as investors took more risks on hopes for a truce in the U.S.-China trade spat. The pan-European STOXX 600 index closed 1.1% higher, snapping a two-week losing streak and posting …
European stocks rise as U.S.-China trade tensions ease; auto stocks jump Read More »
