Reuters UK Business

MILAN (Reuters) -Italy’s Mediobanca, Generali’s top investor, said on Friday it had proposed another term for CEO Philippe Donnet at the helm of the country’s biggest insurer. Generali’s investors will vote in a new board on April 24 and Mediobanca’s move regarding Donnet was expected.  The insurer’s second- and third-largest investors have in the past …

Top Generali investor Mediobanca proposes new term for CEO Donnet Read More »

By Sriparna Roy and Padmanabhan Ananthan (Reuters) -The U.S. Food and Drug Administration approved French drugmaker Sanofi’s hemophilia therapy, introducing a new type of treatment administered every two months for patients with the rare blood clotting disorder, the regulator said on Friday. U.S.-listed shares of Paris-based Sanofi closed 1.7% higher. Sanofi’s subcutaneous, or under-the-skin, therapy …

US FDA approves Sanofi’s bleeding disorder therapy Read More »

By Dawn Chmielewski, Katie Paul and Kane Wu (Reuters) -Private equity firm Blackstone is evaluating making a small minority investment in TikTok’s U.S. operations, according to two people familiar with the matter. Blackstone is discussing joining Chinese parent company ByteDance’s existing non-Chinese shareholders, led by Susquehanna International Group and General Atlantic, in contributing fresh capital …

Exclusive-Blackstone mulls small stake in US TikTok spinoff, sources say Read More »

BRUSSELS (Reuters) – The European Commission will invest 1.3 billion euros ($1.4 billion) in artificial intelligence, cybersecurity and digital skills through the Digital Europe Programme for 2025 to 2027, it said in a statement on Friday. “Securing European tech sovereignty starts with investing in advanced technologies and in making it possible for people to improve …

EU to invest $1.4 billion in artificial intelligence, cybersecurity and digital skills Read More »

By David Shepardson WASHINGTON (Reuters) – A group representing General Motors Toyota, Volkswagen and other major automakers warned new 25% tariffs President Donald Trump plans to impose next week on imported vehicles will hurt U.S. consumers. “Additional tariffs will increase costs on American consumers, lower the total number of vehicles sold inside the U.S. and …

Automakers warn new Trump tariffs will boost costs, cut vehicle sales Read More »

By Luc Cohen and Tatiana Bautzer NEW YORK (Reuters) – Entrepreneur Charlie Javice was convicted on Friday of defrauding JPMorgan Chase into buying her college financial aid startup Frank for $175 million in July 2021. Javice and co-defendant Olivier Amar, who was Frank’s chief growth officer, were each convicted on all four counts they faced: …

Charlie Javice guilty of defrauding JPMorgan into buying college aid startup Read More »

By Tim Hepher PARIS (Reuters) – European aerospace companies Airbus, Thales and Leonardo have started preliminary talks with European Union antitrust regulators over a possible merger of their satellite businesses, a source familiar with the matter said on Friday. The source said the companies have begun discussions with EU competition authorities in what is called …

European satellite firms in preliminary EU talks over merger plan -source Read More »