Reuters UK Business

By Alexandra Alper and Jody Godoy WASHINGTON (Reuters) – Top executives at American AI giants OpenAI, Microsoft and Advanced Micro Devices said at a U.S. Senate hearing on Thursday that while the U.S. is ahead in the artificial-intelligence race, Washington needs to boost infrastructure and champion AI chip exports to stay ahead of Beijing. The …

AI execs say US must increase exports, improve infrastructure to beat China Read More »

By Andrea Shalal and Paul Sandle WASHINGTON/LONDON (Reuters) – The United States said on Thursday Britain would purchase $10 billion of Boeing jets and industry sources said British Airways owner IAG would also buy some 30 jets from Europe’s Airbus in a fleet expansion split between transatlantic rivals. U.S. Commerce Secretary Howard Lutnick revealed the …

Britain’s IAG to buy Boeing and Airbus jets, sources say Read More »

By Amy-Jo Crowley, Andres Gonzalez and Richa Naidu LONDON (Reuters) -Nestle has hired Rothschild to advise on the sale of its water division later this year, four people familiar with the matter told Reuters, as the Swiss food giant looks to refocus on bigger brands. Under new CEO Laurent Freixe, Nestle has been trying to …

Nestle lines up Rothschild for water unit sale, sources say Read More »

(Reuters) -The Australian Securities Exchange (ASX) on Thursday unveiled a series of proposed reforms aimed at enhancing the global appeal of Australia’s capital markets and revitalising its subdued initial public offering landscape. In a detailed response to the Australian Securities and Investments Commission (ASIC), the exchange operator said it would focus on streamlining the IPO …

Australia exchange operator proposes IPO reforms to revive listings Read More »

By Jonathan Stempel (Reuters) -Citigroup must face a revived lawsuit claiming it caused more than $1 billion of losses by orchestrating and concealing a vast fraud at the now-bankrupt Mexican oil and gas services company Oceanografia, a U.S. appeals court ruled on Thursday. A three-judge panel of the 11th U.S. Circuit Court of Appeals in …

Citigroup must face $1 billion lawsuit claiming it aided Mexican oil company fraud Read More »

LONDON (Reuters) – The Bank of England cut its main interest rate by 0.25 percentage points to 4.25% on Thursday, though with an unexpected three-way split among policymakers as U.S. President Donald Trump’s tariffs weigh on global economic growth. The BoE’s Monetary Policy Committee voted 5-4 in favour of the decision to cut rates by …

Instant View: BoE cuts rates, surprise vote split sends pound, yields higher Read More »