By Marine Strauss and Bart H. Meijer STRASBOURG, France (Reuters) -EU Commission President Ursula von der Leyen on Tuesday named Spain’s Teresa Ribera as the bloc’s next antitrust commissioner while Estonia’s Kaja Kallas will be in charge of foreign policy. Lithuania’s Andrius Kubilius will be the EU’s first defence commissioner – a new role designed …
Von der Leyen names European Commission’s new top team Read More »
ASTANA (Reuters) -German Chancellor Olaf Scholz said on Tuesday that Intel is committed to its plan to build plants in eastern Germany despite the U.S. chipmaker saying that it is delaying construction by two years as part of its cost-cutting plans. “The decision to postpone the project in Germany for two years is a decision …
Germany’s Scholz says Intel committed to German site despite delay Read More »
By Katie Paul NEW YORK (Reuters) -Facebook owner Meta said on Monday it was banning RT, Rossiya Segodnya and other Russian state media networks from its platforms, claiming the outlets had used deceptive tactics to carry out covert influence operations online. The ban marks a sharp escalation in actions by the world’s biggest social media …
Meta bans RT and other Russian state media networks Read More »
By Maria Martinez BERLIN (Reuters) – German investor morale darkened more than expected in September, the ZEW economic research institute said on Tuesday, as the assessment of the economic situation continued its downward trend. The economic sentiment index fell to 3.6 points from 19.2 points in August. Analysts polled by Reuters had pointed to a …
German investor morale tumbles more than expected in September Read More »
LONDON (Reuters) – Former NatWest CEO Alison Rose has joined Mishcon de Reya as an advisor, the British law firm said on Tuesday, with a focus on its equity, diversity and inclusion strategy. Rose resigned from NatWest in July last year after admitting to a “serious error of judgment” in discussing former Brexit party leader …
Former NatWest CEO Alison Rose joins law firm Mishcon de Reya as advisor Read More »
By Greg Bensinger (Reuters) -Amazon.com will require employees to return to working at company offices five days per week beginning next year, toughening a prior three-day mandate. The change is necessary to “invent, collaborate and be connected” wrote CEO Andy Jassy in a letter to employees on Monday posted to its website. He said the …
Amazon mandates five days a week in office starting next year Read More »
MADRID (Reuters) -The head of Banco Sabadell said it was highly unlikely that larger rival BBVA would succeed with a multi-billion euro hostile bid for his bank. “I think the chances of the operation being successful are very slim,” Sabadell CEO Cesar Gonzalez-Bueno told a banking event in Madrid on Monday. BBVA’s Country Manager for …
Sabadell and BBVA executives joust over prospects for takeover bid Read More »
By James Davey LONDON (Reuters) -B&Q and Castorama owner Kingfisher lifted the bottom end of its annual profit outlook, saying that while demand for ‘big-ticket’ home improvements like kitchens and bathrooms remained weak, seasonal sales trends have improved since early July. Shares in the FTSE 100-listed European retailer, which also owns Screwfix in Britain and …
Home improvement retailer Kingfisher sees improving sales trends Read More »
BERLIN (Reuters) – German broadcaster RTL and Paramount have withdrawn their bid to merge Super RTL, a children’s television network, with Nickelodeon, said the German cartel office on Tuesday. The office said the withdrawal happened after it informed the companies that it intended to prohibit the planned marriage. Super RTL, belonging to Bertelsmann’s RTL Group, …
Planned merger of Super RTL, Nickelodeon withdrawn, says German cartel office Read More »
STOCKHOLM (Reuters) – NATO’s newest member Sweden plans to raise its defence spending by 13 billion crowns ($1.3 billion) in the state budget for 2025 to a total of 138 billion, Defence Minister Pal Jonson said on Tuesday. Military spending will rise in 2025 to 2.4% of GDP from 2.2% this year and is projected …
Sweden to boost defence spending by $1.3 billion in 2025 Read More »
