WARSAW (Reuters) – Poland will spend 5% of gross domestic product (GDP) on defence in 2025, the foreign minister told Bloomberg Television in an interview broadcast on Friday evening. Warsaw has already ramped up defence spending to more than 4% of its economic output this year in response to Russia’s invasion of Ukraine. “Poland spends …
Poland to spend 5% of GDP on defence in 2025, says foreign minister Read More »
By Foo Yun Chee BRUSSELS (Reuters) -Elon Musk’s social media company X breached European Union online content rules and its blue checkmark deceives users, EU tech regulators ruled on Friday in a finding that could lead to a hefty fine and significant changes in how it operates. The charges by the European Commission, the first …
EU charges X with deceiving users via blue checkmark, draws Musk’s ire Read More »
By Tatiana Bautzer and Manya Saini (Reuters) -Citigroup beat Wall Street expectations for second-quarter profit on Friday, boosted by a jump in investment banking, markets and services revenue, but shares fell 2% amid investor worries about expenses, dividends and market share. The third largest U.S. lender reported a profit of $1.52 per share in the …
Citi profit beats on surge in investment banking, services strength Read More »
By Roushni Nair (Reuters) -Mining giant BHP said on Friday it had reached a deal with Brazilian peer Vale to split equally the cost of any damages related to proceedings in Britain over a 2015 dam collapse in Brazil that killed 19 people, while denying liability for related claims. BHP Group (UK) Ltd and its …
BHP, Vale agree deal over 2015 Brazil dam collapse proceedings in UK Read More »
By Foo Yun Chee BRUSSELS (Reuters) -U.S. grains merchant Bunge and Glencore-backed Viterra have offered to divest assets in two EU countries aimed at winning EU antitrust approval for their $34 billion merger, people with direct knowledge of the matter said on Friday. The companies announced their merger a year ago to better compete with …
By Giuseppe Fonte ROME (Reuters) – The European Central Bank has overreached in pushing Italian bank UniCredit to get out of Russia, Italy’s Foreign Minister Antonio Tajani said on Friday. Euro-zone banks still involved with Russia more than two years after Moscow invaded Ukraine have come under growing pressure in recent weeks from the bloc’s …
ECB has gone too far in pushing UniCredit to quit Russia, Italy minister says Read More »
By Shubham Batra and Shristi Achar A (Reuters) – European shares advanced on Friday and logged their second consecutive weekly gains on upbeat earnings and global investor optimism about a September interest rate cut by the Federal Reserve. The pan-European STOXX 600 index closed up nearly 0.9%, while the euro zone blue-chip gauge advanced 1.3%, …
European shares hit over 1-month high on earnings, Fed rate-cut hopes Read More »
By Purvi Agarwal and Pranav Kashyap (Reuters) -London stocks ended the week on a positive note, as investors shrugged off slightly higher than expected U.S. producer prices, maintaining hopes for a September rate cut by the Federal Reserve. The blue-chip FTSE 100 index was up 0.4%, after hitting a one-week high earlier in the session. …
UK stocks shine with weekly gains, investors brush off US data Read More »
By Fanny Potkin SINGAPORE (Reuters) – Intel’s push into software is going well and the company could have cumulative software revenue of $1 billion by the end of 2027, Chief Technology Officer Greg Lavender told Reuters. Intel made north of $100 million in software revenue in 2021, the year Lavender was brought in from cloud …
Intel on track for cumulative software sales of $1 billion by end 2027, exec says Read More »
FRANKFURT (Reuters) – The German bank regulator BaFin said on Friday that it had threatened to fine Berlin-based Solaris if it doesn’t meet deadlines to improve anti-money laundering controls and other shortfalls. BaFin also said that it was extending the mandate of a special monitor installed since 2022 to oversee progress. Solaris said that it …
German bank regulator threatens Solaris with fines for anti-money laundering controls Read More »
