Reuters UK Business

BRUSSELS (Reuters) -The Court of Justice of the European Union dismissed on Wednesday Ryanair’s action against the European Commission’s approval of COVID-19 aid granted by Germany to German charter airline Condor. “The General Court finds … that Ryanair has not demonstrated that it is individually concerned by the Commission’s decision, with the result that it …

EU General Court dismisses Ryanair’s action on EU aid to Germany’s Condor Read More »

LONDON (Reuters) -British retailer Marks & Spencer’s food business saw sales growth slow to 9.1% over the 12 weeks to June 14 year-on-year, reflecting the disruption that followed a cyberattack in April, industry data showed on Wednesday. Researcher NielsenIQ said M&S’ food sales growth slowed from 10.8% in last month’s report and 14.7% in the …

M&S’ food sales growth slows after cyberattack, says NielsenIQ Read More »

By Peter Hobson CANBERRA (Reuters) -Australian sheep farmers are cashing in on record-high sheep prices, as rising global demand for lamb and mutton fuels a boom in exports from the world’s top sheep meat supplier. Prices are likely to rise further in the coming years as production in New Zealand, Australia’s biggest sheep meat export …

Australia cashes in on record sheep prices as meat exports surge Read More »

BERLIN (Reuters) -The mood among German exporters darkened in June due to uncertainty regarding U.S. tariffs, according to a survey conducted by the Ifo economic institute. The institute’s index for export expectations dropped to -3.9 from -3.0 in May. “The tariff threats from the U.S. are still on the table. An agreement between the EU …

German export sentiment takes hit from tariff threat, Ifo says Read More »

(Reuters) -Verizon Business has won a contract to build multiple private 5G networks at Thames Freeport, one of Britain’s busiest shipping and logistics centers, the U.S. telecom giant said on Wednesday. The deal, in partnership with Finland’s Nokia, will see Verizon deploy private 5G networks across multiple industrial sites along the River Thames Estuary, including …

Verizon wins private 5G contract for UK’s Thames Freeport Read More »

STOCKHOLM (Reuters) -Sweden’s Norrsken Foundation has committed 300 million euros ($348 million) to investing in European startups that are using “AI for good” for solving challenges in climate, health, food, education and society, it said on Wednesday. The foundation, established in 2016 by Klarna founder Niklas Adalberth, manages several venture capital and investment funds, which …

Swedish investor Norrsken earmarks $348 million for ‘AI for good’ Read More »

LONDON (Reuters) -Britain’s labour market is showing further slowdown signs, according to surveys published on Wednesday which pointed to below-inflation pay growth and a fall in job vacancies, especially for graduate-level jobs. Most pay settlements offered by private sector employers held at 3% in the three months to the end of May – lower than …

UK jobs surveys send fresh cool-down signals Read More »