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ROME (Reuters) – State-backed financial conglomerate Poste Italiane has decided to buy the stake in Telecom Italia (TIM) held by state lender Cassa Depositi e Prestiti (CDP), it said in a statement on Saturday. In offloading its 9.8% TIM shareholding to Poste, CDP will buy Poste’s 3.78% stake in Italian payments group Nexi. Reuters reported …

Italy’s Poste swaps its holding in Nexi with CDP’s stake in Telecom Italia Read More »

By Andrea Mandala and Valentina Za TURIN, Italy (Reuters) – The Bank of Italy will carefully screen proposed bank takeover bids that will ultimately be decided by investors, but it cannot be expected to give a running commentary on them like “in a talk show,” the central bank governor said on Saturday. In his first …

Bank of Italy chief says M&A supervision “not a talk show” Read More »

By Valentina Za and Andrea Mandala TURIN, Italy (Reuters) -Higher U.S. tariffs on European exports are likely to have little effect on euro area inflation, a top European Central Bank policymaker said, adding the main risk remained that of medium-term inflation falling below 2%. In the text of a speech prepared for Italy’s annual Assiom-Forex …

ECB’s Panetta sees little inflation impact from higher U.S. tariffs Read More »

(Reuters) -OpenAI on Friday rejected a $97.4 billion bid from a consortium led by billionaire Elon Musk for the ChatGPT maker, saying the startup is not for sale and that any future bid would be disingenuous. The unsolicited approach is Musk’s latest attempt to block the startup he co-founded with OpenAI CEO Sam Altman — …

OpenAI board rejects Musk’s $97.4 billion offer Read More »

NEW YORK (Reuters) – Peloton Interactive on Friday won the dismissal of a proposed shareholder class action lawsuit accusing the fitness equipment maker of concealing safety-related problems that led to a May 2023 recall of 2.2 million bikes following reports of defective seat posts. U.S. District Judge Margo Brodie in Brooklyn, New York, found no …

Peloton wins dismissal of shareholder lawsuit over seat post recall Read More »

By Tom Balmforth, Jonathan Landay and Yuliia Dysa KYIV/MUNICH (Reuters) – Talks between Ukrainian President Volodymyr Zelenskiy and U.S. Vice President JD Vance ended in Munich on Friday without an announcement of a critical minerals deal that is central to Kyiv’s push to win the backing of President Donald Trump. Kyiv came back to the …

Ukraine-US talks in Munich end without agreement on critical minerals deal Read More »