(Reuters) -Meta Platforms on Friday said it will invest $600 billion in U.S. infrastructure and jobs over the next three years, including artificial intelligence data centers, as the social media giant races to build infrastructure to power its AI ambitions. Meta has doubled down on AI, with a target of achieving superintelligence, a theoretical milestone …
Meta plans $600 billion US spend as AI data centers expand Read More »
By Edward McAllister and Lefteris Papadimas ATHENS (Reuters) -Global investments in renewable energy aren’t bearing fruit and the world should focus on securing reliable supplies of fossil fuels, U.S. energy and interior secretaries said this week as they worked on convincing Europe to buy more U.S. oil and gas. The U.S. has become Europe’s top oil …
US urges Europe to stick to oil and gas, not renewables Read More »
ZURICH (Reuters) -Swiss Economy Minister Guy Parmelin said on Friday he had a “very constructive” conversation with U.S. Trade Representative Jamieson Greer, as the country seeks to reduce tariffs of 39% imposed on its exports to the U.S. by President Donald Trump. “Great dynamic in our bilateral relations,” Parmelin wrote on X, following the conversation …
Swiss Economy Minister has ‘very constructive’ conversation with US Trade Representative Read More »
MILAN (Reuters) -Campari Chief Executive Simon Hunt on Friday ruled out acquisitions in the short term for the Italian spirits maker and said he was focused instead on cutting the group’s debt. With a portfolio of more than 70 brands built over the years through a string of acquisitions, Campari has plenty of options to …
Campari CEO says cutting debt ratio takes priority over M&A Read More »
(Reuters) -French tubular solution company Vallourec announced that its chief financial officer, Sascha Bibert, will leave the group in December to pursue an opportunity in Germany. It added Bibert’s replacement has already been identified and will take office in December after a transition period with the current finance chief. (Reporting by Mathias de Rozario in …
Vallourec finance chief to leave the group in December Read More »
By Vladimir Soldatkin and Anna Hirtenstein MOSCOW/LONDON (Reuters) -Lukoil’s international operations faced mounting disruptions on Friday as a U.S. deadline for companies to cut off business with the Russian oil company looms and after a hoped-for sale of the operations to Swiss trader Gunvor collapsed. The U.S. Treasury, which would have to approve any sale …
Lukoil operations face fallout from Trump sanctions, Gunvor drops bid Read More »
By Nell Mackenzie LONDON (Reuters) -British hedge fund Marshall Wace posted positive returns in two of its funds in October, a source close to the matter told Reuters on Friday. Co-founded by British financier Paul Marshall, the firm, which manages over $70 billion in assets, returned 2.64% in its Eureka Fund last month and this …
Marshall Wace hedge fund posts positive returns in October, says source Read More »
(Reuters) -London stocks fell on Friday, with IAG among the biggest drags, capping a volatile week dominated by a flurry of corporate earnings and the Bank of England’s interest rate decision. The blue-chip FTSE 100 index finished 0.6% lower for the day, recording 0.4% losses for the week. Similarly, the midcap index lost 0.6% on …
UK stocks end week in red as earnings-driven losses weigh Read More »
(Reuters) -Greencore said on Friday the UK competition regulator had in principle accepted its proposed remedy to secure approval for its acquisition of convenience food rival Bakkavor, with the deal now targeted to complete in early 2026. Dublin, Ireland-based Greencore will sell its chilled soups and sauces manufacturing plant in Bristol, which generated revenues of …
Greencore clears key hurdle in Bakkavor deal, targets early 2026 completion Read More »
By Giulio Piovaccari and Keith Weir TURIN, Italy (Reuters) -Italy’s Agnelli family has no intention of selling shares in soccer club Juventus, but is open to collaboration with other investors, family scion John Elkann told Reuters, after cryptocurrency group Tether amassed a significant stake. Elkann is CEO of Exor, the holding company of the Agnelli …
Agnelli family fully committed to Juventus as Tether takes stake, Elkann says Read More »
