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Europe News London

  • LONDON— Uber's chief executive has ordered an urgent investigation into a sexual harassment claim made by a female engineer who alleged her prospects at the company evaporated when she complained about advances from her boss. Travis Kalanick responded Monday on Twitter to an open statement by Susan Fowler Rigetti about her year at the ride-hailing app.

  • LONDON— A former counterterrorism chief for London's Metropolitan Police says Britain's withdrawal from the European Union could compromise the security of other EU members if they do not continue to have full access to British intelligence. Richard Walton says that Brexit "represents a risk to the safety" of other EU nations as Britain's membership "is more...

  • *Kraft camp feared UK political opposition to takeover. LONDON, Feb 20- Kraft Heinz Co's rapid retreat from its surprise $143 billion bid for Unilever in the face of stiff resistance from the company and politicians sent shares in the Anglo-Dutch group 8 percent lower on Monday. Britain's response was also a concern after Prime Minister Theresa May signalled...

  • LONDON, Feb 20- The head of Britain's biggest trade union Unite is likely to meet the CEO of Peugeot on Friday in London to discuss the potential takeover of General Motors' European operations, a trade union source told Reuters. "It looks like it is happening on Friday morning," the source said of the meeting between Unite General Secretary Len McCluskey and Peugeot...

  • *Stocks rise in Europe and Asia, driven by merger activity. LONDON, Feb 20- European stocks rose on Monday, led higher by Deutsche Telekom on talk of a merger involving its U.S. mobile unit, while the dollar dipped as uncertainty over European politics and the timing of a U.S. interest rate rise kept investors nervous. U.S. markets were closed for the Presidents Day...

  • NEW YORK— Shares in Unilever, the owner of brands like Hellman's, Lipton, and Knorr, are down sharply after rival Kraft Heinz withdrew a $143 billion takeover offer. The deal would have combined Kraft Heinz products such as Oscar Mayer, Jell-O and Velveeta with Unilever's stable of brands, which include food as well as other consumer goods like Dove soap and...

  • LONDON, Feb 20- The euro recovered some ground against the dollar on Monday after weekend talks aimed at finding a leftist unity candidate for France's presidential election showed little sign of progress. News that Socialist Benoit Hamon and hard-left rival Jean-Luc Melanchon were discussing cooperation in their bid for the presidency weakened the euro...

  • CNBC’s Tania Bryer speaks to leading figures from the fashion industry and asks them for their thoughts on life after the U.K.’s vote to leave the European Union.

  • Brexit talk of UK fashion week

    CNBC's Tania Bryer speaks to Roland Mouret about Brexit and the U.K. fashion industry.

  • LAGOS, Feb 20- Nigeria's deputy leader is making wide use of powers granted by President Muhammadu Buhari, who is on extended sick leave abroad, as the country seeks to avoid a debilitating power vacuum while it confronts its first recession in 25 years. The Nigerian stock exchange, already hit by recession, has fallen to a nine-month low on the uncertainty over...

  • LONDON, Feb 20- Shares in Anglo-Dutch consumer goods group Unilever dropped 8 percent on Monday after U.S. rival Kraft Heinz Co abruptly ditched its surprise $143 billion merger proposal. Concerns had also been raised about political scrutiny in Britain where Prime Minister Theresa May had indicated she would be more proactive in vetting foreign takeovers...

  • Feb 20- Asked About M&A, Interim Ceo At Builder Bovis. *Tells reuters the fall in profit is due to the 7 million one-off provision to address customer service issues. *Says some of the 180 homes which should have been completed in 2016 have yet to be handed over to buyers.

  • Deep in foreign markets so penetrate brand: Anya Hindmarch

    Fashion designer Anya Hindmarch and Kate Phelan, creative director at Topshop, discuss their hopes for the British fashion industry post-Brexit.

  • Traffic analytics firm Inrix has calculated how much time drivers spend stuck in traffic during peak travel times last year in 1,064 cities in 38 countries worldwide. Source: Inrix Inc., 2016 Global Traffic Scorecard. Does not include cities in Japan or China, where Inrix does not collect its own data.

  • DETROIT— When it comes to getting stuck in traffic on the way to and from work, Los Angeles leads the world. That topped second-place Moscow at 91 hours and third-place New York at 89, according to a traffic scorecard compiled by Inrix, a transportation analytics firm. San Francisco was the fourth-most congested city, while Bogota, Colombia, was fifth, Sao Paulo...

  • HONG KONG— Global stock markets advanced Monday as a strong performance on Wall Street last week helped buoy sentiment among investors as they awaited economic and corporate earnings reports and Fed meeting minutes due out this week. Britain's FTSE 100 inched up 0.1 percent to 7,304.80. JAPAN TRADE: Imports to Asia's second-largest economy grew in January...

  • Kraft and Heinz products

    Kraft Heinz has decided to withdraw its $143 billion offer to buy Unilever, which had spurned the offer as too low, The AP reports.

  • SAN FRANCISCO, Feb 20- Snap Inc takes to the road in London on Monday to promote its initial public offering with a daring proposition: that it can build hot-selling hardware gadgets and ad-friendly software features fast enough to stay one step ahead of Facebook. These efforts, which are aimed at developing hardware and so-called augmented reality...

  • QUITO, Feb 20- Leftist government candidate Lenin Moreno was within striking distance of winning the first round of Ecuador's presidential election on Monday, as the Andean country's electoral body counted ballots late into the night. A couple of hundred opposition supporters congregated in front of the electoral council headquarters in Quito to demand...

  • QUITO, Feb 19- Leftist government candidate Lenin Moreno was winning Ecuador's presidential election on Sunday, partial results showed, and was close to the margin needed to avoid a runoff against conservative former banker Guillermo Lasso. In the event of a runoff, Ecuador's fragmented opposition is expected to coalesce around Lasso amid anger over an...