Reuters UK Business

(Reuters) -Electronic equipment maker Keysight Technologies on Tuesday said it will divest Spirent Communications’ high-speed ethernet and other business lines to VIAVI Solutions as part of a consent agreement with the U.S. Department of Justice. On Monday, the DOJ required Keysight to divest three of Spirent’s businesses, including high-speed ethernet, network security, and channel emulation …

Keysight to divest Spirent units to VIAVI as part of US consent agreement Read More »

By Susanna Twidale HULL, England (Reuters) -Britain’s next renewable energy auction must secure a record amount of new offshore wind capacity if the country is to meet its 2030 clean power targets, Darren Davidson, vice president of turbine maker Siemens Energy UK&I, told Reuters. The country has put offshore wind at the heart of its …

Britain needs record offshore wind auction to meet targets, says Siemens Energy Read More »

By Foo Yun Chee BRUSSELS (Reuters) -EU antitrust regulators are asking retailers and payments companies whether a standardized summary of fees by Visa and Mastercard and more transparency on the charges would address their concerns, according to documents seen by Reuters. The latest questionnaires sent on Tuesday, which came nearly two months after the last …

EU antitrust regulators escalate Visa, Mastercard probe, documents show Read More »

(Reuters) -Social media platform Reddit was back up after an outage that affected nearly 31,000 users on Tuesday, according to outage tracking website Downdetector.com. Reddit said on its status page that the incident had been resolved following an investigation into elevated errors. The outage affected 30,817 users at its peak, which came down to 529 …

Reddit’s services restored after global outage that affected thousands Read More »

By Anandita Mehrotra (Reuters) -Ireland’s largest hotel group Dalata on Tuesday rejected a 1.3 billion euro ($1.48 billion) buyout proposal from Scandinavian property companies Pandox AB and Eiendomsspar AS for “materially” undervaluing it. Dalata, which launched a strategic review in March, said Pandox was not participating in its ongoing sale process, which has drawn interest …

Ireland’s Dalata Hotel rejects $1.5 billion buyout proposal from Pandox and Eiendomsspar Read More »

By Gianluca Semeraro MILAN (Reuters) -Italian tycoon Francesco Gaetano Caltagirone, a leading investor in Mediobanca, on Tuesday called on the merchant bank’s board to delay a shareholder vote on the bid for the private bank Banca Generali. The bid is of one of several takeover attempts rocking Italy’s financial sector as banks bet on cost …

Mediobanca investor Caltagirone urges bank to delay shareholder vote on Banca Generali Read More »

By Victoria Waldersee BERLIN (Reuters) -China’s export restrictions on rare earths that are widely used by the auto industry could disrupt, or even halt, German car production, Germany’s VDA auto industry lobbying group said on Tuesday. The comments mark the first time the lobby group has said output was at risk of being halted as …

Exclusive-Germany lobby group says China’s rare earth curbs could halt auto output Read More »

By James Davey LONDON (Reuters) -One of Britain’s biggest bioethanol producers warned the government on Tuesday that unless it steps in with a support package for the industry within the next 12 days it will have to start closure processes at its plant. ABF Sugar, part of Associated British Foods, and Ensus together account for …

Britain has 12 days to save bioethanol industry, says AB Foods Read More »