(Reuters) -Toronto-based lithium battery recycling firm Li-Cycle said on Wednesday that it has filed for bankruptcy protection in Canada and expects to start a formal sale for its business or assets. The firm’s U.S. units have also commenced proceedings in the U.S. Bankruptcy Court for the Southern District of New York. Li-Cycle has entered into …
Battery recycler Li-Cycle files for bankruptcy protection in Canada Read More »
LONDON (Reuters) -Britain on Thursday told its antitrust regulator to get behind its push for economic growth and minimise uncertainty for businesses by making more timely, transparent and responsive interventions in merger control, digital markets and consumer protection. Since taking power last year, the Labour government has stepped up pressure on the Competition and Markets …
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BERLIN (Reuters) -Foreign direct investment into Europe fell for the second consecutive year in 2024, reaching its lowest level in the last nine years, a survey by professional services group EY found. FDI into Europe fell by 5% last year, with Germany seeing a 17% drop in projects due to ongoing economic and political instability, …
Foreign investment into Europe falls to nine-year low, EY survey shows Read More »
By Aadi Nair (Reuters) -Alexis Ohanian, the Reddit co-founder and husband of tennis great Serena Williams, has acquired a stake in Women’s Super League champions Chelsea, he announced on Wednesday. “I’ve bet big on women’s sports before—and I’m doing it again,” Ohanian posted on X. “I’m proud to announce that I’m joining Chelsea Women as …
Soccer-Reddit co-founder Ohanian buys stake in WSL side Chelsea Read More »
LONDON (Reuters) -Britain will invest 630 million pounds ($838 million) in clean energy upgrades such as solar panels and heat pumps on schools, care homes, community centres and other public buildings, the government said on Thursday. The move was announced as many sectors grapple with high energy prices and the government seeks to curb emissions …
Britain to invest $838 million on public building energy upgrades Read More »
By Svea Herbst-Bayliss NEW YORK (Reuters) -Harley-Davidson on Wednesday beat back investor H Partners’ proposal to remove three directors, including the CEO, the company said in a statement. The victory for Harley comes roughly one month after H Partners, the second-largest investor in the motorcycle maker with a stake of 9.1%, stepped up its campaign …
Harley Davidson scores victory in board battle aimed at removing CEO Read More »
By Foo Yun Chee BRUSSELS (Reuters) – Europe’s largest retailers and online retail companies have urged the European Commission to rein in allegedly high fees charged by Visa and Mastercard, saying they hurt the bloc’s competitiveness and hamper rivals. Visa and Mastercard dominate the market for payment cards and have in recent years faced complaints …
Retailers urge European Commission to crack down on Visa, Mastercard Read More »
By Raphael Satter WASHINGTON (Reuters) -Alphabet’s Google said on Wednesday hackers responsible for paralyzing disruptions of UK retailers are turning their attention to similar companies in the United States. “US retailers should take note. These actors are aggressive, creative, and particularly effective at circumventing mature security programs,” John Hultquist, an analyst at Google’s cybersecurity arm, …
Google says hackers that hit UK retailers now targeting American stores Read More »
By Julia Payne and Philip Blenkinsop BRUSSELS (Reuters) -The EU is weighing a temporary return to its pre-war trade agreement with Ukraine if a renegotiated deal is not ready to take effect when war-related tariff suspensions expire on June 5, EU diplomats said on Wednesday. The Commission proposed this transitional period would last seven months …
Pre-war EU-Ukraine trade deal may temporarily return when tariff suspension expires Read More »
BERLIN (Reuters) -Commerzbank on Wednesday said it had reached an agreement with the works council on the terms to cut around 3,900 jobs by 2028, part of a strategy to help it deliver more ambitious profit targets. The bank said it will focus primarily on partial and early retirement, adding that severance payments are also …
Commerzbank agrees job cut terms with works council Read More »
