Reuters UK/EU - Squid Business

Adobe’s $20 billion Figma buyout deal under UK competition watchdog scanner

(Reuters) – Britain’s competition watchdog said on Wednesday it was looking into Adobe Inc’s $20 billion buyout deal for cloud-based designer platform Figma to find if it could lead to “substantial lessening of competition” in the country. The move underlines regulators’ worries that large tech firms acquiring smaller innovative rivals could throttle competition. UK Competition …

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London stocks gain ahead of Fed rate decision; Lloyds drags

By Shristi Achar A and Amruta Khandekar (Reuters) -UK stocks steadied on Wednesday, a day after a sharp sell-off, as investors keenly awaited the U.S. Federal Reserve’s monetary policy decision, while Lloyds fell following the lender’s quarterly results. The blue-chip index ended 0.2% higher, a day after posting its biggest single-day percentage loss in over …

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Russian former F1 driver Mazepin fighting UK sanctions to revive career

By Sam Tobin LONDON (Reuters) – Russian former Formula One driver Nikita Mazepin is fighting British sanctions imposed following the invasion of Ukraine in a bid to resurrect his racing career. Nikita Mazepin was dropped last March by his team Haas, which also severed ties with its title sponsor Uralkali, a Russian fertiliser producer then …

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Russia accuses Ukraine of attempt to kill Putin with drones

MOSCOW/KYIV (Reuters) – Russia accused Ukraine on Wednesday of a failed attempt to assassinate President Vladimir Putin in a drone attack on the Kremlin citadel in Moscow, and threatened to retaliate. Kyiv denied any role in the reported incident, with a senior aide to President Volodymyr Zelenskiy calling it a sign that the Kremlin was …

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Belgrade school shooting: boy kills 9 in planned attack

By Ivana Sekularac and Aleksandar Vasovic BELGRADE (Reuters) – A boy gunned down fellow pupils in a Belgrade school on Wednesday morning in a pre-planned attack, shooting dead eight plus a security guard and wounding seven others, Serbian officials said. Using two handguns that belonged to his father, he fired first at the guard and …

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UK police well prepared for King Charles’s coronation

By Muvija M LONDON (Reuters) – More than 11,000 police officers will patrol London’s streets for King Charles’ coronation on Saturday, the biggest ceremonial event staged in the British capital for 70 years, and they are well prepared to handle any incident, officials said on Wednesday. Security forces have spent months preparing for the event, …

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BASF CEO named to become head of Mercedes-Benz supervisory board, carmaker says

BERLIN (Reuters) – BASF Chief Executive Martin Brudermueller has been chosen to take over as head of the supervisory board of Mercedes-Benz next year, the carmaker said on Wednesday. He would succeed Bernd Pischetsrieder, who will not be standing for another term after his current one ends in 2024. “In order to ensure a long-term, …

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Pope meets Moscow Church official after puzzling peace ‘mission’ comment

By Philip Pullella VATICAN CITY (Reuters) – Pope Francis on Wednesday spoke to a top member of the Russian Orthodox Church (ROC) days after the pontiff made an intriguing though puzzling comment about the Vatican being involved in a mission to try to end the war in Ukraine. Metropolitan (bishop) Anthony, effectively the ROC’s number …

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Factbox-Government board nominations for Enel run into opposition

ROME (Reuters) – The Italian government is facing growing opposition to its proposed candidates to run Enel, one of Europe’s largest utilities, before a shareholder vote on May 10. The tussle is developing into a broader test of Rome’s sway over state-backed firms which are listed on the stock exchange, and the outcome of the …

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British EV startup Arrival expects to report material weakness in internal controls

(Reuters) – Britain’s Arrival SA said on Wednesday it expects to report one or more “material weaknesses” in internal controls over financial reporting, marking another setback for the cash-strapped electric-vehicle startup. The company said it will also need additional time to file its 2022 annual report and expects its internal controls will be ineffective as …

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