By Andrea Mandala and Valentina Za MILAN (Reuters) – Italy’s unfolding banking takeover tussles have been long in the making and are predicted to go on for several months. Here is summary of the milestones leading up to UniCredit’s all-share buyout offer for Banco BPM and of future events: APRIL 7, 2022 – Credit Agricole …
How Italian bank M&A heated up with UniCredit bid for Banco BPM Read More »
By Kenrick Cai SAN FRANCISCO – Alphabet’s Google on Wednesday released the second generation of its artificial intelligence model Gemini and teased a slate of new ways to use AI beyond chatbots, including through a pair of eyeglasses. CEO Sundar Pichai in a blog post dubbed the moment as the start of a “new agentic …
Google puts AI agents at the center of Gemini update Read More »
PARIS (Reuters) – A French union called on Wednesday for a brief strike by aerospace workers to protest against more than 1,500 job cuts. The call by the CGT union mostly concerns the space sector where Airbus and Thales are cutting jobs, but all aerospace workers in the region where jets are assembled have been …
French union calls for strike over space job cuts Read More »
LONDON (Reuters) – Another human pandemic could cause economic losses of $13.6 trillion for the global economy over a five-year period, commercial insurance market Lloyd’s of London predicted. The impact would mainly be from disruption across global industries due to local lockdowns and worldwide travel restrictions, Lloyd’s said on Wednesday. The analysis by Lloyd’s and …
Future pandemic could cause $13.6 trln economic loss -Lloyd’s of London Read More »
LONDON (Reuters) -British lender Close Brothers was on Wednesday granted permission to appeal a ruling that motor finance brokers must fully inform customers about commissions on car loans, amid a looming multibillion-pound consumer redress scheme. The United Kingdom’s Supreme Court said it had granted Close Bros and South African lender FirstRand permission to appeal against …
UK’s Close Bros granted permission to appeal motor finance ruling Read More »
(Reuters) – Former Nestle and Fresenius SE CEO Mark Schneider could succeed Jim Hagemann Snabe as chairman of the supervisory board of Siemens by 2027 at the latest, Siemens said on Wednesday, proposing Schneider’s election. “If I am fortunate to be re-elected as Chair in February 2025, I plan to manage a transition within the …
Siemens proposes former Nestle CEO Schneider as supervisory board head from 2027 Read More »
By Kirstin Ridley LONDON (Reuters) – HSBC on Wednesday lost an appeal against a London court decision to reinstate a senior banker’s lawsuit that alleges the bank victimised and discriminated against her when it failed to hire her for a senior sales position in 2018. The Court of Appeal ruled that the unusual claim should …
HSBC loses appeal over job-seeking banker’s discrimination claim Read More »
LONDON (Reuters) – Google on Wednesday defeated an attempt in a London court to revive a lawsuit brought by a hospital patient on behalf of 1.6 million people over medical records provided to the U.S. tech giant by a British hospital trust. The Royal Free London NHS Trust transferred patient data to Google’s artificial intelligence …
Google defeats UK privacy lawsuit over medical data deal Read More »
FRANKFURT/DUESSELDORF (Reuters) – Workers at Thyssenkrupp’s steel unit are demanding clarity from co-owner Daniel Kretinsky over his strategy for the division, a leading labour representative said, adding the billionaire’s failure to respond did not bode well for future cooperation. “I am very open with regard to the question of investors,” said Knut Giesler, who heads …
Thyssenkrupp labour leader demands clarity from Kretinsky on steel JV plans Read More »
ATHENS (Reuters) – The Greek government is working on a plan to reduce bank fees and charges for retail transactions, to help households cope with high cost of living, the country’s finance minister said on Wednesday. Greek lenders are recovering after three rounds of recapitalisations worth a cumulative 45 billion euros and a round of …
Greece plans lower bank fees for retail customers Read More »
