FRANKFURT (Reuters) -The finance chief of German resinsurer Munich Re said on Thursday that he believed it was too early to return to the markets after a recent stock meltdown. The comments are significant because Munich Re is a major investor as the world’s largest reinsurer. Chief Financial Officer Christoph Jurecka told jounalists that market …
Too early to return to markets, Munich Re’s CFO says Read More »
By Olivier Sorgho (Reuters) – Nokia has partnered up with Swisscom to deploy a drones network across Switzerland to improve emergency responses and infrastructure inspection, they said in a joint statement on Thursday. The Finnish telecom gear maker will supply 300 un-manned vehicles that mobile provider Swisscom will operate through a drones-as-a-service (DaaS) network across …
Nokia and Swisscom to deploy drone service across Switzerland Read More »
(Reuters) -Britain’s Persimmon expects to build at the top end of its annual housebuilding target in 2024 as easing mortgage rates and a UK rate cut spur recovery hopes in the sector, it said on Thursday after posting a 3% drop in interim pre-tax profit. The positive tone of the housebuilder chimes with policy set …
UK’s Persimmon upbeat on 2024 housebuilding targets amid sector rebound hopes Read More »
By Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF (Reuters) -Uniper boosted provisions on Thursday to repay state aid received during Europe’s energy crisis in the latest sign that re-privatisation of the German energy firm could begin next year. Bailed out by Berlin in 2022, Uniper said it had raised its provisions to 3.4 billion euros ($3.7 …
Uniper to repay $3.7 billion in state aid as stock market return nears Read More »
(Refiles to add missing word “asset” in paragraph 2) FRANKFURT (Reuters) – Uniper on Thursday said a complaint against a Russian court decision requiring the German utility to pay more than 14 billion euros ($15.3 billion) in a legal dispute with former supplier Gazprom was unsuccessful. Uniper said the awarded title allows Gazprom Export to …
Uniper: appeal against Russian court ruling fails, asset foreclosure possible Read More »
By Martin Coulter LONDON (Reuters) -Elon Musk has been accused of exacerbating tensions after a week of far-right rioting in Britain, sparking calls for the government to speed up the rollout of laws policing harmful online content. Misinformation and calls to violence have spread on social media over the past week after far-right and anti-Muslim …
Musk stirs UK divisions, sparks calls for faster rollout of online safety laws Read More »
By David Shepardson WASHINGTON (Reuters) -The head of the National Transportation Safety Board said on Wednesday the Alaska Airlines Boeing 737 MAX 9 mid-air emergency was entirely avoidable because the planemaker should have addressed unauthorized production work long ago. “This accident should have never happened. This should have been caught years before,” NTSB Chair Jennifer …
Boeing unauthorized 737 work issue should have been caught years earlier, NTSB says Read More »
By Max A. Cherney SAN FRANCISCO (Reuters) – For U.S. chip giant Intel, the darling of the computer age before it fell on harder times in the AI era, things might have been quite different. About seven years ago, the company had the chance to buy a stake in OpenAI, then a fledgling non-profit research …
How chip giant Intel spurned OpenAI and fell behind the times Read More »
By Lisa Pauline Mattackal and Ankika Biswas (Reuters) -The Mexican peso jumped against the dollar on Wednesday, a day ahead of key inflation data and a monetary policy decision, with most Latin America assets continuing to recover lost ground after a recent sell-off intensified at the start of the week. Mexico’s currency gained over 1%, …
Mexican peso snaps four-day loses in extended Latam asset recovery Read More »
By Sourasis Bose (Reuters) – Demecan Group, one of Germany’s largest cannabis producers, recently completed its latest round of funding, bringing its valuation close to 100 million euros ($109.24 million), a person familiar with the matter told Reuters on Wednesday. The funding round was led by Florida-based Trog Hawley Capital, marking the first institutional investment …
