Reuters UK Business

By Jonathan Stempel (Reuters) -Reddit sued the artificial intelligence startup Anthropic on Wednesday, accusing it of stealing data from the social media discussion website to train its AI models despite publicly assuring it wouldn’t. The complaint filed in San Francisco Superior Court is the latest battle over AI companies’ alleged unauthorized use of third-party content. …

Reddit sues AI startup Anthropic for allegedly using data without permission Read More »

By Neil J Kanatt (Reuters) -Brown-Forman forecast a decline in annual revenue and profit on Thursday, as the Jack Daniel’s maker navigates soft consumer spending amid tariff-related uncertainties, sending its shares plunging about 15%. Worries of a possible recession and product price increases brought on by international trade wars have dented consumer sentiment in the …

Brown-Forman’s gloomy forecasts send shares of Jack Daniel’s maker tumbling Read More »

LONDON (Reuters) -The European Central Bank cut interest rates for the eighth time in a year on Thursday, acknowledging inflation was under control and turning more pessimistic about economic prospects amid risks of a trade war with the United States. The ECB’s key rate was lowered from 2.25% to 2.0%, the middle of the range …

ECB delivers another rate cut Read More »

By Naomi Rovnick LONDON (Reuters) -Unpredictable White House tariff rhetoric and its impact on currency markets, oil prices and the inflation outlook have put central banks across the world in a tight spot. The European Central Bank cut interest rates on Thursday and looks set to pause, Switzerland appears to be moving back towards negative …

Big central banks’ forecasting lens gets fogged by US tariffs Read More »

By Isabel Demetz (Reuters) -London-based investment fund Asset Value Investors on Thursday called upon German medical packaging maker Gerresheimer to take steps to restore its market value, a move partially supported by another top 30 investor. Activist investor AVI, which holds a 3.5% stake in Gerresheimer, believes new financial leadership is needed to restore the …

Activist Asset Value Investor calls for changes at Gerresheimer Read More »

(Reuters) -British outsourcer Mitie Group will acquire smaller peer Marlowe for about 366 million pounds ($496 million) in a cash-and-stock deal, the companies said on Thursday, sending the latter’s shares up nearly 8%. Marlowe shareholders will get 1.1 new Mitie shares for each share they hold and 290 pence in cash, implying a value of …

UK outsourcer Mitie to buy peer Marlowe for $496 million Read More »

LONDON (Reuters) -JPMorgan Chase on Thursday won its bid to block Russia’s VTB Bank suing it in Russia over nearly $156 million, in the latest case brought at London’s High Court to try and stop Russian litigation. The U.S. lender took legal action in London last year after VTB sued it in Russia, seeking $155.8 …

JPMorgan wins UK court order to block VTB’s $156 million Russian lawsuits Read More »