By Nick Carey (Reuters) – The European Union and Britain need to take urgent action to postpone rules for electric vehicles traded between the bloc and the UK that will trigger 10% tariffs, Europe’s car industry group said on Monday. “Driving up consumer prices of European electric vehicles, at the very time when we need […]

By Paul Sandle and Yadarisa Shabong LONDON -Microsoft’s restructured $69 billion acquisition of Activision Blizzard “opens the door” to the biggest ever gaming deal being cleared, Britain’s antitrust regulator said on Friday. Microsoft announced the deal in early 2022, but it was blocked in April by Britain’s competition regulator, which was concerned the U.S. tech […]

By William Schomberg, Andy Bruce and Suban Abdulla LONDON (Reuters) -The Bank of England halted its long run of interest rate increases on Thursday as Britain’s economy slowed and inflation fell, but Governor Andrew Bailey sought to stress the central bank did not think its job was done. A day after Britain’s fast pace of […]

By Sinéad Carew and Lewis Krauskopf (Reuters) -Shares of Arm Holdings closed down 4.9% on Tuesday, in their third daily decline out of the stock’s first four sessions as a listed company, as investor interest faded in the biggest initial public offering (IPO) for the year so far. With short sellers looking to profit from […]

By Ananya Mariam Rajesh (Reuters) -Target said on Tuesday it would hire nearly 100,000 employees for the holiday season, like in the past two years, and start offering discounts for the festive period as early as October. The plan comes against the backdrop of predictions that sales growth during the crucial holiday period in the […]

By Stephen Culp NEW YORK (Reuters) – Wall Street closed little changed on Monday as market participants looked ahead to the U.S. Federal Reserve’s expected decision to leave key interest rates unchanged on Wednesday. All three major U.S. stock indexes ended a choppy session with nominal gains, as investors, with few catalysts showed little conviction […]

By Manya Saini and Caroline Valetkevitch (Reuters) -Shares of SoftBank’s Arm Holdings closed a volatile session lower on Friday, a day after a stellar Nasdaq debut that valued the British chip designer at $65 billion. The stock fell 4.5% to end at $60.75, after trading as high as $69 earlier in the session. Major U.S. […]

By Brenda Goh and Ryan Woo SHANGHAI/BEIJING (Reuters) -Beijing on Thursday blasted the launch of a probe by the European Commission into China’s electric vehicle (EV) subsidies as protectionist and warned it would damage economic relations, a concern shared by Germany’s car industry. European Commission President Ursula von der Leyen announced the investigation on Wednesday, […]