(Reuters) -Poland’s biggest e-commerce company Allegro said on Monday it has named Marcin Kusmierz as its new CEO from June. Kusmierz will replace Roy Perticucci, Allegro’s CEO since September 2022, who will become the group’s special adviser. He will formally take over from Perticucci as CEO of Allegro’s Polish unit in May and of the …
By Libby George and Marc Jones LONDON (Reuters) -Ukraine’s government debt was close to wiping out all the gains made since Donald Trump’s election win on Monday as the prospects for a ceasefire with Russia the U.S. President had said could be brokered in as little as 24 hours, appeared to be fading. Trump accused …
Ukraine’s debt close to wiping out Trump election gains as truce prospects dim Read More »
By Tommy Reggiori Wilkes LONDON (Reuters) -The Bank of England has proposed raising the protection limit for savers in case a bank fails to 110,000 pounds ($142,300), it said on Monday. The deposit protection limit is the maximum amount of money that is typically protected for savers should their bank fail and under the Financial …
Bank of England proposes hike to deposit guarantee for savers Read More »
(Reuters) – Deutsche Bank said on Monday that Kirsty Roth and Klaus Moosmayer have been proposed to join the German bank’s supervisory board in a vote at the upcoming annual shareholder meeting on May 22. Roth is chief operations and technology officer at Thomson Reuters, the owner of Reuters News, while Klaus Moosmayer has been …
Deutsche Bank: Kirsty Roth, Klaus Moosmayer proposed to join supervisory board Read More »
By Emma Rumney LONDON (Reuters) -Big tobacco companies like British American Tobacco are lobbying U.S. President Donald Trump’s administration to crack down on illegal vapes, including via import bans on Chinese devices, documents show and industry consultants said. Tobacco groups, including BAT and Altria, have complained that while waiting years for their own vapes or …
Big Tobacco targets Trump in hope – and fear – of change Read More »
ROME (Reuters) – An overnight fire at a Tesla dealership in Rome that destroyed 17 cars was an act of terrorism, the company’s billionaire owner Elon Musk said on Monday. Italy’s special police unit Digos is leading an investigation looking into the possibility that anarchists set fire to the cars on the eastern outskirts of …
Musk says ‘terrorism’ behind fire at Rome Tesla dealership Read More »
By Jody Godoy (Reuters) -The U.S. Federal Trade Commission is concerned about the potential sale or transfer of Americans’ personal information by 23andMe ancestry testing company which recently filed for bankruptcy, the agency’s chairman said on Monday. Any purchaser of 23andMe assets should agree to be bound by the company’s existing privacy policy, FTC Chairman …
FTC concerned about privacy protections in 23andMe bankruptcy Read More »
LONDON (Reuters) – The owner of a cargo ship that struck a U.S. military-contracted tanker off England’s northeast coast last month said on Monday it is setting up a fund for potential lawsuits over the collision. MS Solong Schiffahrtsgesellschaft M & Co KG, a subsidiary of Ernst Russ which owns the Portuguese-flagged container ship Solong, …
Owner of cargo ship which hit US tanker sets up UK fund for lawsuits Read More »
LONDON (Reuters) – Varo Energy, backed by private equity giant Carlyle Group and the world’s biggest trading house Vitol, said on Monday it had agreed to buy Swedish refiner Preem, betting on growing demand for biofuels. Varo already has stakes in oil refineries in Germany and Switzerland and is expanding in sustainable fuel and trading. …
Varo buys Swedish refiner Preem in bet on biofuels Read More »
(Reuters) – British stocks closed lower on Monday, with the benchmark index hitting a one-month low, as investors avoided risky assets on worries over U.S. President Donald Trump’s upcoming announcement of extensive tariff plans on April 2. The blue-chip FTSE 100 fell 0.9%, ending March 2.6% lower after a 1.6% rise in February. However, it …
FTSE 100 hits one-month low as Trump signals tariff escalation Read More »
