Business

A gap in EU financial rules is allowing member countries to compete to host the trading operations of London-based investment banks after Brexit by offering looser regulatory standards. The European Central Bank is the euro zone's banking supervisor but, under...

Facebook Inc (FB.O) plans to announce on Monday that more than 5 million businesses are advertising on the social network each month and that it is updating its suite of ad services to try to draw more small businesses...

British bank Barclays (BARC.L) has reprimanded Chief Executive Jes Staley and will cut his bonus heavily after he tried to uncover the identity of an internal company whistleblower in a case being investigated on both sides of the Atlantic. In...

Shares in Imagination Tech (IMG.L) crashed more than 70 percent on Monday after the British company said its biggest customer, Apple (AAPL.O), would stop using its graphics technology in iPhones, iPads and Apple Watches. Imagination said Apple, which accounts for...

British luxury brand Burberry (BRBY.L) said on Monday it would transfer its beauty business to U.S. group Coty (COTY.N) in a deal that will bring in around $225 million plus ongoing royalty payments and grow the division. Known for its...

Tesla Inc (TSLA.O), the U.S. luxury electric car maker, said on Sunday first-quarter vehicle deliveries jumped 69 percent from a year ago to a quarterly record of 25,000 vehicles, bouncing back from delays in the previous quarter. The company said...

British luxury brand Burberry (BRBY.L) said on Monday it would transfer its beauty business to U.S. group Coty (COTY.N) in a deal that will bring in around $225 million plus ongoing royalty payments and grow the division. Known for its...

Although BlackBerry Ltd (BB.TO) has extricated itself from the smartphone handsets that weighed on its recent fortunes, the Canadian firm faces a tough slog to convince skeptics it can return to its glory days through an enlarged software business. The...

Samsung Electronics Co Ltd (005930.KS) unveiled its Galaxy S8 flagship smartphone as it battles to regain the market leadership it lost to Apple Inc (AAPL.O) after the embarrassing withdrawal of the fire-prone Note 7s. Boasting some of the largest wrap-around...

European shares drifted lower on Wednesday, while sterling battled back from a one-week low and regained its composure amid the drama of Britain formally triggering its exit process from the European Union. The pound was the biggest loser on major...