Reuters News is launching a paywall in what it described as its “largest digital transformation” in a decade.

The news provider hopes its revamped website will attract professional audiences willing to pay $34.99 (£25.38) per month for deeper coverage and data on business verticals including legal, sustainable business, healthcare and auto – as well as general news.

The offering, available as monthly or annual and individual or group packages, will also include live streams of Reuters events for subscribers and subscriber-only newsletters.