DUBAI (Reuters) – The Dubai Financial Services Authority (DFSA) said on Tuesday it has appointed Mark Steward as its CEO for a three year term effective May 19, 2025. Steward, who stepped down as the executive director of Enforcement and Market Oversight at UK’s Financial Conduct Authority (FCA) in 2023, will replace Ian Johnston. The …
Dubai’s DFSA appoints former UK FCA executive Mark Steward as CEO Read More »
MOSCOW (Reuters) – The Russian fuel market is balanced, while stockpiles of gasoline and diesel have increased from the start of the year, an energy ministry official said on Tuesday, amid worries of possible fuel shortages. Russia, the world’s biggest seaborne exporter of diesel, last week extended a gasoline export ban, with exemptions for producers, …
(Reuters) – Shares in Pierer Mobility AG were halted from trading on Tuesday after being seen up 16.7% in response to the reorganization plan for the company’s subsidiary KTM AG being accepted by creditors. The restructuring plan provides for the motorcycle company’s creditors to receive a cash quota of 30% of their claims, to be …
Pierer Mobility shares halted after KTM restructuring plan approved Read More »
(Repeats for wider distribution, no changes to text) (Reuters) -British competition regulator on Tuesday said it will not refer U.S.-based tech giant IBM’s $6.4 billion buyout of HashiCorp to an in-depth Phase 2 probe. (Reporting by Yamini Kalia in Bengaluru)
LONDON (Reuters) – Britain’s Keir Starmer will set out a timeline to increase defence spending to 2.5% of GDP, The Sun newspaper reported on Tuesday, a day before the prime minister travels to meet U.S. President Donald Trump. Starmer is due to make a statement in parliament about defence and security at 1230 GMT on …
British PM Starmer set to raise defence spending – The Sun Read More »
LONDON (Reuters) – Britain will not sign trade deals with potential suppliers such as the U.S. that open the way for food imports that are produced in a way that would be illegal for the country’s farmers, environment and farming minister Steven Reed said on Tuesday. “We will not undercut standards in trade deals. The …
UK rules out trade deals which undercut food standards Read More »
LONDON (Reuters) – Britain will aim to spend 3% of its GDP on defence in the next parliament, due to begin in 2029, and will help to fund that increased spending by cutting its aid budget, Prime Minister Keir Starmer said on Tuesday. Starmer said the aid budget would be reduced from 0.5% of GDP …
UK to target 3% of GDP for defence spending, to cut aid budget Read More »
By Christoph Steitz and Tom Käckenhoff DUESSELDORF (Reuters) -Uniper is seeking talks with Germany’s new government over Berlin’s plans to exit the 22 billion euro ($23 billion) utility, which is preparing for a return to the stock market after being nationalised during Europe’s energy crisis. Uniper was bailed out in 2022 when the government injected …
Germany’s Uniper plans talks with new government over state exit Read More »
MUMBAI (Reuters) – DBS Group plans to cut 4,000 temporary jobs over the next three years as it expects artificial intelligence (AI) to increasingly take on roles carried out by humans, Chief Executive Officer Piyush Gupta said on Monday. The outgoing CEO, however, said 1,000 new positions will be added in AI. “In my 15 …
DBS set to cut 4,000 temporary jobs over 3 years due to AI, CEO says Read More »
ZURICH (Reuters) – Swiss lawmakers want to push back the introduction of a permanent public liquidity backstop (PLB) for big banks, linking the safety net to a forthcoming government proposal on capital requirements for lenders like UBS. The unanimous decision by an upper house committee needs to be confirmed in parliament in its upcoming spring …
Swiss lawmakers want to push back public liquidity backstop Read More »
