Reuters UK Business

By Conor Humphries DUBLIN (Reuters) -Ryanair on Monday reported strong demand across Europe and projected that fares would rebound to recover much of the decline that dented profit last year as consumers struggled with high interest rates. “Demand is robust all across the network,” Chief Financial Officer Neil Sorahan told Reuters in an interview. “We …

Ryanair forecasts fare rebound as consumers recover from interest-rate hit Read More »

COPENHAGEN (Reuters) -Swedish fintech Klarna, which last month paused plans for an initial public offering, reported first-quarter revenue growth of 15% from a year ago on Monday while adjusted earnings swung to a small profit, boosted by growth in the United States. Klarna, which helped reshape online shopping with its short-term financing model, in April …

Klarna Q1 revenue up 15% as US business grows Read More »

By Nathan Vifflin AMSTERDAM (Reuters) – The CEO of imec, one of the world’s top semiconductor R&D firms, has said the industry needs to steer towards reconfigurable chip architectures if it wants to avoid becoming a bottleneck for the future generations of artificial intelligence. Rapid AI algorithm innovation outpaces the current strategy of developing specific, …

Top semiconductor lab imec eyes ‘programmable’ AI chips, CEO says Read More »

By Susanna Twidale LONDON (Reuters) -Britain and the European Union will work towards linking their respective carbon markets as part of a wider reset in relations, they said on Monday, leading to a 6% rise in British carbon prices. Both the EU and UK charge power plants and other industrial entities for each metric ton …

British carbon prices rise after news of deal on EU link Read More »

By Jan Strupczewski BRUSSELS (Reuters) -The EU will propose to G7 finance ministers this week to lower the current $60 per barrel price cap on Russian seaborne oil as part of the new sanctions package against Moscow, European Economic Commissioner Valdis Dombrovskis said on Monday. Dombrovskis did not mention the level to which the European …

EU likely to propose to G7 lowering price cap on Russian oil to $50 per barrel Read More »

(Reuters) -Drugmaker Regeneron Pharmaceuticals is acquiring majority assets of bankrupt genetic testing firm 23andMe Holding for $256 million. The once-sizzling DNA-testing startup filed for bankruptcy in March, hit by faltering demand for its ancestry testing kits as it struggled to contain the reputational damage from a widespread data breach. Presented below is a sequence of …

23andMe’s journey from DNA testing pioneer to bankruptcy sale Read More »

By Elizabeth Howcroft PARIS (Reuters) -British finance company Revolut said on Monday it plans to invest 1 billion euros ($1.1 billion) over the next three years on expanding in France and will soon apply for a French banking licence. In an announcement as part of the “Choose France” investment summit, hosted by French President Emmanuel …

Revolut plans $1.1 billion French expansion Read More »