By Elvira Pollina MILAN (Reuters) – Telecom Italia (TIM) on Wednesday said it aimed to restart returning money to investors in the 2026-2028 period, as it met expectations with its 2024 earnings and forecast an around 7% rise in core profit this year. TIM has embarked on a complex turnaround centred on last year’s 18.8 …
Telecom Italia aims to resume investors’ rewards, sees 7% 2025 core profit rise Read More »
By Marc Jones and Balazs Koranyi LONDON/FRANKFURT (Reuters) -The ECB should ease policy gradually and not target a difficult-to-define “neutral” interest rate, Bundesbank President Joachim Nagel said on Wednesday, although it needs to be ready to fight for Europe if a global trade war erupts. The ECB has cut interest rates five times since last …
ECB’s Nagel wary of blurry ‘neutral’ rate target, U.S. tariff damage Read More »
(Reuters) – Germany’s top chemical maker BASF SE has asked banks to pitch for a potential listing of its agricultural chemicals division, possibly in the United States or Germany, Bloomberg News reported on Wednesday. The industrial heavyweight is undergoing a massive restructuring program aimed at reducing annual costs by over 2 billion euros in Europe, …
By Karen Brettell NEW YORK (Reuters) – The U.S. dollar jumped to a one-week high against the Japanese yen on Wednesday after data showed that consumer prices rose more than economists expected in January, raising the likelihood that the Federal Reserve will hold interest rates higher for longer as it battles to bring down price …
Dollar gains on yen as consumer prices rise more than expected Read More »
By Krystal Hu, Manuel Ausloos NEW YORK/PARIS (Reuters) -OpenAI’s board has not yet received a formal bid from an Elon Musk-led consortium, although a lawyer for the billionaire said the offer had been sent to OpenAI’s outside counsel. A day after Musk publicized a bid to offer $97.4 billion to buy the nonprofit that controls …
OpenAI’s board has not received Musk’s takeover bid, source says Read More »
BERLIN (Reuters) – OpenAI CEO Sam Altman on Friday signaled willingness to bring a Stargate-like artificial intelligence program to Europe, saying his company would “love” to do a Stargate Europe. Stargate is a U.S. venture launched by U.S. President Donald Trump that involves backers like OpenAI, Softbank and Oracle. Up to $500 billion will be …
OpenAI’s Altman envisions Stargate-like programme for Europe Read More »
MILAN (Reuters) – Italian police have found and frozen nearly one million euros ($1.04 million) that was wired to a foreign bank account by a leading businessman after he fell victim to an artificial intelligence scam, officials said on Wednesday. Fraudsters used AI to mimic the voice of Italian Defence Minister Guido Crosetto, making calls …
Italian police freeze cash from AI-voice scam that targeted business leaders Read More »
By Mathias de Rozario and Alessandro Parodi (Reuters) -French tyre maker Michelin’s plans to accelerate investments in the United States to reduce the potential impact of tariffs will not affect its strategy in Europe, Chief Financial Officer Yves Chapot said on Wednesday. Reported plans to ramp up production at its 35 U.S. sites in response …
Michelin’s US investments won’t affect Europe, CFO says Read More »
HELSINKI (Reuters) – Finnish company P2X Solutions has started commercial green hydrogen production at its facility that is first-of-a-kind in Finland and one of the first in Europe, it said on Wednesday. A number of European companies, such as oil majors British BP and Spanish Repsol or Norway’s aluminium and energy company Norsk Hydro [NHY.OL], …
Finland’s first green hydrogen plant starts commercial production Read More »
By Niket Nishant and Saeed Azhar (Reuters) -Bank of America has doubled the size of its banking team in Switzerland, its CEO said, seizing on a potential opportunity to gain market share amid a shakeup in the Swiss banking market after the demise of Credit Suisse. Switzerland has pledged to put in place stricter banking …
BofA doubles size of banking team in Switzerland after Credit Suisse collapse Read More »
