By Amy-Jo Crowley LONDON (Reuters) – Swiss financial software group Temenos is studying options, including a sale, for its fund management unit Multifonds, three people familiar with the matter said. Temenos, listed on the SIX Swiss Exchange, has been working with Rothschild and Goldman Sachs to gauge interest in the business, the first two people …
Temenos weighs sale of fund management unit Multifonds, sources say Read More »
By Martin Coulter LONDON (Reuters) – Britain’s new Labour government has said it will explore how to effectively regulate artificial intelligence models, but stopped short of proposing any specific laws. King Charles set out newly-elected Prime Minister Keir Starmer’s legislative agenda in a speech on Wednesday to open the new session of parliament. It included …
Britain’s new government aims to regulate most powerful AI models Read More »
ROME (Reuters) – Rome prosecutors on Wednesday requested that former Juventus Chairman Andrea Agnelli and other ex-managers of Italy’s most successful soccer club face trial over allegations of false accounting during their tenure, judicial sources said. Agnelli and other defendants including former vice-chairman and Ballon d’Or winner Pavel Nedved would face various charges including stock …
Soccer-Rome prosecutors seek trial for former Juve managers in accounting case Read More »
LONDON (Reuters) – The new British government on Wednesday said that the delivery process for critical infrastructure would be streamlined and more power given to local leaders under a proposed planning overhaul aimed at unlocking growth. New Prime Minister Keir Starmer has made boosting Britain’s anaemic growth one of the government’s core aims since winning …
New British government proposes planning overhaul to boost growth Read More »
By Shristi Achar A, Pranav Kashyap and Shashwat Chauhan (Reuters) -European shares closed lower for a third straight day on Wednesday, with chip stocks sliding as investors remained wary of potential U.S.- China trade tensions, with focus now shifting to the European Central Bank’s upcoming rate decision. The pan-European STOXX 600 index closed 0.5% lower, …
Europe’s STOXX 600 falls for third straight session as tech drags Read More »
By Tom Sims FRANKFURT (Reuters) – Germany’s new construction starts fell further during the first half of the year, data showed on Wednesday, indicating stress in the property market of Europe’s largest economy. New building starts dropped 26% in the first six months, from a year earlier, based on data from Bulwiengesa, a property consulting …
German property sector cracks show as new building starts tumble Read More »
By James Davey LONDON (Reuters) -A British union has narrowly failed to secure the right to formally represent workers at an Amazon warehouse, with staff rejecting the chance to become the first site outside the U.S. to force the ecommerce giant to negotiate labour terms. Amazon’s victory at the distribution site in Coventry, central England, …
UK union fails to gain recognition at Amazon warehouse in tight vote Read More »
By Maria Martinez BERLIN (Reuters) -The German cabinet passed its 2025 budget on Wednesday after months of wrangling, even though a 17 billion euro ($18.6 billion) gap between projected spending and revenue has still to be covered. German Finance Minister Christian Lindner told a news conference that the government was looking at innovative ways to …
German coalition passes 2025 budget after months of wrangling Read More »
By Alvise Armellini and Alessandro Parodi ROME (Reuters) -Italy’s competition authority is investigating whether luxury brands Armani and Dior had misled consumers, it said on Wednesday, following inquiries by prosecutors into worker exploitation at suppliers of the two groups. Prosecutors in Milan uncovered workshops on the outskirts of Italy’s fashion capital this year where underpaid …
Italy antitrust targets Armani, Dior after worker exploitation probes Read More »
LONDON (Reuters) – British house prices rose for a third month in a row in May, increasing by an annual 2.2% after a 1.3% rise in April, the Office for National Statistics said on Wednesday. The ONS’s gauge of private rents increased by 8.6% in the 12 months to June, slowing slightly from May’s 8.7% …
UK house prices rose by 2.2% in 12 months to May, ONS says Read More »
