Reuters UK Business Archives - Page 953 of 3179

ADNOC wins unconditional EU antitrust approval for Covestro deal

13 May 2025 13 May 2025

BRUSSELS (Reuters) – Abu Dhabi state oil giant ADNOC on Tuesday won unconditional EU antitrust approval for its 14.7 billion euro ($16.3 billion)takeover of German chemicals company Covestro, confirming an earlier Reuters exclusive. “The Commission concluded that the notified transaction would not raise competition concerns, given its limited impact on competition in the markets where …

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UK’s M&S says customer data was taken in cyber attack

13 May 2025 13 May 2025

LONDON (Reuters) -British retailer Marks and Spencer said on Tuesday some personal customer information was taken in the cyber attack that has crippled its online operation for more than three weeks. M&S, one of the best known names in British business, stopped taking online orders on April 25, and its share price has fallen 15% …

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Ukraine completes steps for minerals deal with US, deputy prime minister says

13 May 2025 13 May 2025

(Reuters) – Ukraine has concluded procedures for implementation of a deal with the United States on exploiting minerals, including the operation of an investment fund, the country’s first deputy prime minister said on Tuesday. Yulia Svyrydenko gave few details of the latest step in securing approval of the accord, promoted by U.S. President Donald Trump, …

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TotalEnergies, BWEnergy set to decide on Namibia projects late next year, govt official says

13 May 2025 13 May 2025

By America Hernandez PARIS (Reuters) -Namibia expects a final investment decision (FID) by TotalEnergies on its Venus discovery by late next year, a senior government official said on Tuesday, even as the company pushes for incentives to lower production costs. The French oil major has joined peers like Shell and Galp in developing offshore blocks …

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ECB’s Villeroy sees room for additional rate cut by summer

13 May 2025 13 May 2025

PARIS (Reuters) -There is room for another rate cut by the European Central Bank by the summer, ECB policymaker Francois Villeroy de Galhau said in a French newspaper group interview on Tuesday. Villeroy – who is also head of the Bank of France – said the United States would likely see an uptick in inflation …

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Jeep returns as Juventus shirt sponsor in $77 million deal through mid-2028

13 May 2025 13 May 2025

(Reuters) – Juventus said on Tuesday U.S. carmaker Jeep will pay 69 million euros ($77.16 million) to become the Italian soccer club’s front-of-jersey sponsor until June 2028. Of the total amount, Juventus will get 4 million euros for the remainder of the current season, 19 million euros for the next season, and 23 million euros …

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French utility Engie signs deal to sell power to US data center company

13 May 2025 13 May 2025

(This story has been refiled to a add dropped figure and fix a typo in paragraph 5) PARIS (Reuters) -French utility Engie said on Tuesday it had signed a deal to supply up to 300 megawatts of wind power to U.S. data center company Cipher Mining Inc, the first deal of its kind for the …

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UK trade remedies body recommends country-specific quota caps on steel imports

13 May 2025 13 May 2025

LONDON (Reuters) – Britain’s Trade Remedies Authority (TRA) recommended on Tuesday that country-specific quota caps should be imposed on certain categories of steel imports to help defend its domestic industry, which said the proposals were insufficient. Britain has been trying to protect its domestic industry from a global oversupply of steel, and since the start …

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Intel has limited customer commitments for latest chip manufacturing tech, CFO says

13 May 2025 13 May 2025

(Reuters) -The volume of processors Intel is set to produce for external customers using its upcoming manufacturing technology is currently “not significant”, finance chief David Zinsner said on Tuesday. Committed volumes, or the amount of external customers’ chips set to be produced by Intel using upcoming manufacturing tech, is presently not significant, Zinsner said at …

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Under Armour to hike prices amid tariff woes after quarterly revenue beat

13 May 2025 13 May 2025

By Neil J Kanatt and Savyata Mishra (Reuters) – Sportswear maker Under Armour said on Tuesday it plans to raise prices on some of its products to cushion a hit from looming tariffs, after it posted a smaller-than-expected drop in quarterly revenue aided by its turnaround efforts. The retailer has so far been focusing on …

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