LISBON (Reuters) -Widespread flight cancellations are expected in Portugal on December 11, a union official said on Monday, when a general strike over proposed labor law reforms will likely ground most planes. “It will be very difficult to operate flights on December 11. Most flights at Portuguese airports will be grounded, with only minimum services …
Portugal expected to see flight cancellations on December 11 Read More »
By Jaspreet Singh (Reuters) -Amazon.com said on Monday it would invest up to $50 billion to expand AI and supercomputing capabilities for Amazon Web Services U.S. government customers, in one of the largest cloud infrastructure commitments targeted at the public sector. The project, expected to break ground in 2026, will add nearly 1.3 gigawatts of …
Amazon pledges up to $50 billion to expand AI, supercomputing for US government Read More »
ZURICH (Reuters) -U.S. investor Steven Wood renewed his campaign to overhaul the board of Swatch Group, publishing six proposals to amend the Swiss watchmaker’s corporate governance, his firm GreenWood Investors said on Monday. The proposals include allowing so-called bearer shareholders to elect three representatives to the board, said GreenWood, which says it holds about 0.5% …
US investor Wood presents new proposals to overhaul Swatch board Read More »
By Philip Blenkinsop BRUSSELS (Reuters) -The United States on Monday demanded that the European Union make its regulation of the tech sector more “balanced” in exchange for a reduction of U.S. tariffs on steel and aluminium imports from the bloc. At a meeting in Brussels, EU ministers urged U.S. Commerce Secretary Howard Lutnick and Trade …
US demands ‘balanced’ EU digital rules before it cuts steel tariffs Read More »
By Shivansh Tiwary, Savyata Mishra and Arpan Varghese (Reuters) -Fewer global companies signaled price hikes in the third quarter, pointing to a change in tack as U.S. trade deals facilitate clearer financial planning and firms seek to limit risks of losing sales, according to company statements and earnings calls reviewed by Reuters. Results from Walmart …
Analysis-Companies tone down price hike talk as tariff fog clears Read More »
(Reuters) -London’s FTSE 100 edged lower on Monday, as consumer staples and industrials stocks weighed, while investors awaited the British government’s highly anticipated budget this week. The blue-chip index closed down 0.1%, while the mid-cap FTSE 250 added 0.2%, bouncing from its longest losing streak in more than two years. Aerospace and defence stocks fell …
FTSE 100 edges down with consumer staples, industrials stocks dragging Read More »
By Zaheer Kachwala and Aditya Soni (Reuters) -Alphabet closed in on a $4 trillion valuation on Monday, set to become only the fourth company to enter the exclusive club, as the Google parent rides an artificial intelligence-driven rally. Shares of the company rose more than 5% to hit a record high of $315.9, giving it …
Alphabet races toward $4 trillion valuation as AI-fueled gains accelerate Read More »
By Gleb Bryanski and Elena Fabrichnaya MOSCOW (Reuters) -Russia’s economy is seeing “continued cooling” with growth likely to remain at around 1% next year and business activity remaining weak for four to five quarters, a senior executive at Sberbank, the country’s largest lender, told Reuters. “In reality, we are seeing a continued cooling of the …
Russia’s largest lender sees economy cooling for another year Read More »
MILAN (Reuters) -UniCredit said on Monday it was launching its first life policy fully developed and managed in-house, underscoring efforts to rebuild internal fund management capabilities and strengthen its insurance business. UniCredit has been working since 2021 to boost fee income, which took a hit when it sold fund management arm Pioneer and asset manager …
UniCredit launches first fully internal life policy in focus on fees Read More »
By Maggie Fick and Jacob Gronholt-Pedersen LONDON/COPENHAGEN (Reuters) -Novo Nordisk’s closely-watched Alzehimer’s trials – which failed on Monday to show it can slow the disease’s progression – were always a long-shot, although they had offered the drugmaker a potential win after a year of sliding shares and slowing sales. Analysts and investors said the data …
Novo Nordisk ‘lottery ticket’ Alzheimer’s trials fail to deliver reward Read More »
