Reuters UK Business

By John Revill and Dave Graham ZURICH, Dec 1 (Reuters) – Swiss federal prosecutors on Monday accused UBS-owned Credit Suisse of failing to prevent money laundering linked to loans granted to Mozambique’s tuna fishing fleet, which triggered an economic crisis in the African country nearly a decade ago. Switzerland’s Attorney General’s Office (OAG) alleges Credit …

Swiss prosecutors indict UBS over Credit Suisse-era money laundering Read More »

By Oliver Hirt ZURICH, Dec 1 (Reuters) – JPMorgan doubled its Swiss domestic private banking business between 2020 and 2024 and aims to do so again by 2030 as it targets the country’s wealthiest people, a senior executive at the U.S. bank said. “Our ambition as a firm is to be the premier international bank …

JPMorgan doubles Swiss business by targeting wealthy clients Read More »

By Andrea Shalal, Maggie Fick and Alistair Smout WASHINGTON/LONDON, Dec 1 (Reuters) – The United States and Britain announced a deal on Monday to secure zero tariffs on British pharmaceutical products and medical technology in return for Britain spending more on medicines and overhauling how it values drugs. Under the agreement, Britain will raise the …

US announces zero tariff pharmaceutical deal with Britain Read More »

Dec 1 (Reuters) – Unilever said on Monday it would sell its British snack brand Graze to Katjes International, owner of gummy sweets Candy Kittens, for an undisclosed sum, as the consumer goods firm looks to exit some of its food business to focus on beauty and wellbeing. Unilever is considering selling historic British food …

Unilever to sell snack brand Graze to Candy Kittens owner Katjes Read More »

Dec 1 (Reuters) – Production at Stellantis’ French factories is set to drop by 11% over the next three years, according to company estimates cited by trade unions, as part of measures by the world’s fourth-largest carmaker to tackle overcapacity. Output at the company’s five assembly factories in France is forecast to fall to 587,800 …

Stellantis car production in France set for 11% drop by 2028, say sources Read More »

By Terje Solsvik and Gwladys Fouche OSLO, Dec 1 (Reuters) – Norway’s Labour government failed to win backing for its 2026 draft budget by an end-November deadline but talks will resume in parliament to find a compromise over oil drilling and the wealth fund’s Israeli investments, a negotiator said on Monday. The Norwegian parliament is …

Norway government budget in peril over oil, wealth fund’s Israel investments Read More »