Reuters UK Business

By Ananya Mariam Rajesh (Reuters) -Toy seller Hasbro has cut 3% of its global workforce in its latest cost-cutting effort amid higher U.S. tariffs on toys from China. The job cuts amount to about 150 employees. According to its fiscal 2024 annual filing, the company had roughly 4,985 employees globally. “We are aligning our structure …

Monopoly maker Hasbro cuts 3% of total workforce amid higher tariff costs Read More »

By Hannah Lang (Reuters) -The U.S. Senate on Tuesday passed a bill to create a regulatory framework for U.S.-dollar-pegged cryptocurrency tokens known as stablecoins, in a watershed moment for the digital asset industry. The bill, dubbed the GENIUS Act, received bipartisan support, with several Democrats joining most Republicans to back the proposed federal rules. It …

US Senate passes stablecoin bill in milestone for crypto industry Read More »

BRUSSELS (Reuters) -The Council of the European Union said on Tuesday it had agreed on setting requirements to ensure that new vehicles are designed in a way that supports their re-use and recycling. In a statement, the council said its position was based on the extended producer responsibility (EPR) regime, an environmental policy under which …

EU council agrees requirements on vehicle recycling at their end of use Read More »

By Jessica DiNapoli and Richa Naidu NEW YORK/LONDON (Reuters) -Unilever has named its preferred candidate to lead the group’s soon-to-be listed ice cream division, proposing executive Peter ter Kulve, who has previously faced criticism from the board of its Ben & Jerry’s business. Ter Kulve is expected to receive the Unilever board’s approval next month …

Exclusive-Unilever proposes Peter ter Kulve as CEO of ice cream spin-off Read More »

By Jonathan Saul LONDON (Reuters) -War risk insurance premiums for shipments to Israel are as much as three times higher than a week ago as the war between Israel and Iran entered its fifth day, industry sources said on Tuesday. The cost of a seven-day voyage to Israeli ports was quoted between 0.7% and 1.0% …

War insurance costs to Israel soar after Iranian attacks, sources say Read More »

By Purvi Agarwal, Sanchayaita Roy and Pranav Kashyap (Reuters) -European equities tumbled to a near one-month low on Tuesday as the escalating conflict between Iran and Israel entered its fifth day. With geopolitical tremors rattling the region, risk appetite took a hit, leaving the pan-European STOXX 600 index down 0.8% at 542.26 points. Monday’s respite …

European shares slide to near one-month low on Israel-Iran tensions Read More »