Reuters UK/EU

By Will Dunham WASHINGTON (Reuters) -Atomic scientists on Tuesday kept their “Doomsday Clock” set as close to midnight as ever before, citing Russia’s actions on nuclear weapons amid its invasion of Ukraine, nuclear-armed Israel’s Gaza war and worsening climate change as factors driving the risk of global catastrophe. The Bulletin of the Atomic Scientists, as …

Atomic scientists keep ‘Doomsday Clock’ as close to midnight as ever Read More »

(Reuters) – Ukrainian President Volodymyr Zelenskiy announced the creation of a council to “support entrepreneurship” on Tuesday aimed at bringing business leaders onside in wartime after many expressed outrage at the arrest of a prominent banker. Zelenskiy issued a decree to enact the formation of the council a day after he met business community leaders …

Ukraine’s Zelenskiy forms business council after outcry over banker’s arrest Read More »

(Reuters) -German software firm SAP SE unveiled a 2 billion euro ($2.17 billion) restructuring plan covering 8,000 roles on Tuesday, as it seeks to better focus on growth in artificial intelligence (AI)-driven business areas. SAP expects generative AI to fundamentally change its business and has pledged to invest more than $1 billion, while opening new …

SAP to restructure 8,000 roles in push towards AI Read More »

LONDON (Reuters) – Pay awards from British employers held at their highest sustained level in over 30 years in the last three months of 2023 but deals struck in early 2024 suggest pay growth has peaked, human resources information provider XpertHR said. The median pay settlement across the economy stood at 6% in the October-to-December …

UK pay awards hold at 6% in late 2023, dip in early 2024: XpertHR Read More »

By Huw Jones LONDON (Reuters) – London remains the world’s top financial centre as New York slips into second place, after tying with the UK capital last year, the City of London Corporation’s own survey showed on Wednesday. Bottlenecks in business activity caused by Brexit, which largely cut the City off from the European Union, …

City of London remains top global financial centre in own survey Read More »

(Reuters) -Scandinavian airline SAS forecast on Tuesday its revenue to exceed 48 billion Swedish crowns ($4.57 billion) in 2024, and expects to emerge from an amended Chapter 11 plan of reorganization by the end of the first half. The carrier said in a statement it would file the amended Chapter 11 plan with the U.S. …

Airline SAS sees $4.6 billion revenue in 2024, to file amended Chapter 11 plan Read More »

By Joyce Lee and Heekyong Yang SEOUL (Reuters) -South Korean flatscreen maker LG Display flagged continued economic instability this year as it posted on Wednesday its first profit in seven quarters on increased shipments of smartphone screens and TV panels during the year-end holiday season. “Although market volatility will continue this year due to prolonged …

LG Display posts first profit in 7 quarters on holiday demand, flags volatile 2024 Read More »

By Dawn Chmielewski (Reuters) -Netflix on Tuesday blew past Wall Street subscriber estimates in the fourth quarter, driven by a strong slate of shows that included the final season of the long-running royal drama “The Crown” and David Fincher’s original film, “The Killer.” The company reported it added 13.1 million subscribers in the December quarter, …

Netflix hits fourth-quarter subscriber record, fueled by ‘The Crown’ and ‘The Killer’ Read More »

WASHINGTON (Reuters) -Boeing will hold a quality stand down Thursday at the Seattle-area location where it makes 737 aircraft, pausing production and delivery operations for a day, the company announced on Tuesday. During the stand down, employees will attend quality workshops and “pause, evaluate what we’re doing, how we’re doing it and make recommendations for …

Boeing to pause 737 production for quality stand down on Thursday Read More »