FRANKFURT (Reuters) – Deutsche Bank will cut the headcount of its retail bank by almost 2,000 people in 2025 with a “significant” reduction in the number of branches, Chief Executive Officer Christian Sewing said on Wednesday. The job reduction figure is a new disclosure from Germany’s largest bank and comes as the lender aims to …
Deutsche Bank plans to cut 2,000 jobs with ‘signficant’ branch reduction Read More »
By Foo Yun Chee BRUSSELS (Reuters) -Google was hit with two charges of breaching landmark EU rules on Wednesday, while Apple was ordered to help rivals connect with its iPhones and iPads, as Europe’s antitrust regulators continued a crackdown against Big Tech. The move by the European Commission came despite threats from U.S. President Donald …
(Reuters) – Legal & General Group’s CEO Antonio Simoes earned 10.6 million pounds ($13.7 million) in 2024, his first year with the company, the life insurer and asset manager said in its annual report published on Wednesday. Simoes took office on January 1, 2024, joining the London-listed firm from Banco Santander. The CEO remuneration for …
Legal & General says CEO Simoes got $13.7 million in salary last year Read More »
DUBLIN (Reuters) – The European Union will take “a bit of time” before it responds to the new reciprocal tariff rates U.S. President Donald Trump plans to outline on April 2, Irish Prime Minister Micheal Martin said on Wednesday. The White House said on Tuesday that Trump intends for the reciprocal tariff rates to take …
EU will take time to respond to Trump reciprocal tariffs, Irish PM says Read More »
By Dan Catchpole (Reuters) -Boeing Chief Financial Officer Brian West said on Wednesday the company is concerned about President Donald Trump’s tariffs potentially constraining the availability of parts from its suppliers, although he said the U.S. planemaker has enough inventory for now. West, who was speaking at a Bank of America industrials conference, also said …
Boeing CFO worries about tariff impact on parts, says cash flow improving Read More »
(Reuters) – HSBC Holdings is in advanced talks to sell its German fund administration business to private-equity firm BlackFin Capital Partners, Bloomberg News reported on Wednesday, citing people with knowledge of the matter. The deal for HSBC’s Inka unit, which has about 400 billion euros ($435.16 billion) of assets under administration, could be reached as …
ROME (Reuters) – Italy will ask the European Union to prepare compensatory measures for sectors that could be impacted by U.S tariffs, Industry Minister Adolfo Urso said on Wednesday, adding that he wanted to avoid a trade war. The U.S.- European tariff conflict is jeopardising transatlantic business. In the past week, Washington has imposed tariffs …
Italy seeks EU response to U.S. tariffs, aims to prevent trade war Read More »
By Gus Trompiz PARIS (Reuters) – Louis Dreyfus Company is pushing ahead with plans to expand its oilseed processing in North America and expects Canadian vegetable oil to continue flowing to the United States despite tensions over tariffs, the global crop merchant’s CEO said on Wednesday. U.S. President Donald Trump’s use of tariffs as a …
Louis Dreyfus sticks to North America oilseed plans despite tariff storm Read More »
By Yamini Kalia (Reuters) -Ferrexpo’s shares plummeted on Wednesday following its announcement of a surprise loss and after fledgling efforts by U.S. President Donald Trump to ease fighting in Ukraine, where the iron ore pellet producer operates, appeared to flounder. The London-based company’s shares, which have lost more than two-thirds of their value since the …
Ferrexpo shares tumble on surprise loss, struggling Ukraine peace efforts Read More »
MILAN (Reuters) -Italy’s gas grid company Snam said on Wednesday its adjusted core earnings rose 14% last year as growth at its fuel infrastructure business more than compensated for a drop in its energy efficiency operations. Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) came in at 2.75 billion euros ($3 billion), meeting the …
Snam’s core profit up 14%, investment at record high in 2024 Read More »
