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PARIS (Reuters) – Police in France, Spain and the Netherlands searched the offices of French military equipment provider Thales between Wednesday and Friday as part of a corruption probe, a judicial source told Reuters on Saturday. A spokesperson for Thales confirmed to Reuters that searches had taken place but gave no further details beyond saying …

Police search Thales offices in three countries in corruption probe Read More »

FRANKFURT (Reuters) – Swiss food giant Nestle is targeting stable growth in sales volumes from the second quarter throughout the remainder of the year as cost inflation eases, its CEO told Swiss weekend paper “Schweiz am Wochenende” on Saturday. “From the second quarter and for the rest of the year, we can expect a stable, …

Nestle sees stable sales growth from Q2, CEO tells paper Read More »

By David Lawder WASHINGTON (Reuters) -The International Monetary Fund on Friday said its executive board approved a $2.2 billion disbursement to Ukraine for budget support and urged external donors to keep up support for the war-torn country amid a deteriorating economic outlook. The IMF’s approval of the fourth review of the four-year, Extended Fund Facility …

IMF approves $2.2 billion disbursement to Ukraine after loan review Read More »

(This June 25 story has been corrected to say ‘eleven years,’ not ‘two decades,’ in paragraph 2, and ‘in the previous decade,’ not ‘two decades ago,’ in paragraph 6) By Foo Yun Chee BRUSSELS (Reuters) – Microsoft faces a hefty antitrust fine after the European Commission on Tuesday accused it of illegally linking its chat …

Microsoft hit with EU antitrust charge over Teams app, risks hefty fine Read More »

By Foo Yun Chee BRUSSELS (Reuters) -Microsoft’s partnership with OpenAI could face an EU antitrust investigation as regulators singled out their exclusivity clauses while Google’s artificial intelligence deal with Samsung also triggered scrutiny. EU antitrust regulators will seek additional third-party views, EU competition chief Margrethe Vestager said on Friday. The moves underscore the unease among …

AI deals between Microsoft and OpenAI, Google and Samsung, in EU crosshairs Read More »

By Jesús Aguado, Andres Gonzalez and Tommy Reggiori Wilkes LONDON (Reuters) -BBVA’s chairman said on Friday that the Spanish bank had “no need” to improve its hostile bid for rival Sabadell, as he vowed to push ahead despite political opposition and regulatory uncertainty. Asked repeatedly if he would rule out a cash sweetener in the …

BBVA has ‘no need’ to sweeten Sabadell offer, chairman says Read More »