BERLIN (Reuters) -German business morale unexpectedly fell in June due to more pessimistic expectations about the performance of Europe’s largest economy, a survey showed on Monday. The Ifo institute said its business climate index declined to 88.6 in June from 89.3 in May, compared with a reading of 89.7 forecast by analysts in a Reuters …
German business sentiment unexpectedly darkens in June, Ifo says Read More »
By Chris Prentice, Mike Spector and Allison Lampert WASHINGTON (Reuters) – U.S. prosecutors are recommending to senior Justice Department officials that criminal charges be brought against Boeing after finding the planemaker violated a settlement related to two fatal crashes, two people familiar with the matter told Reuters. The Justice Department must decide by July 7 …
Exclusive-US prosecutors recommend DOJ criminally charge Boeing as deadline looms Read More »
(Reuters) -Britain’s SIG Plc expects annual underlying profit to be below market estimates due to subdued demand in the construction sector, the building materials supplier said on Monday, sending its shares tumbling to a more than four-year low. The company, which sells roofing and insulation materials in Britain and some European countries, now expects underlying …
UK’s SIG warns on profit as Britons cut back home upgrades Read More »
(Reuters) – Insurance group Prudential plans a $2 billion share buyback programme which will be completed no later than mid-2026, the company said in a statement on Sunday. The life and health insurer will commence the first $700 million tranche of the buyback, for which it has entered into an arrangement with Goldman Sachs International, …
By Andrew Mills DOHA (Reuters) – Nvidia has signed a deal to deploy its artificial intelligence technology at data centres owned by Qatari telecoms group Ooredoo in five Middle Eastern countries, Ooredoo’s CEO told Reuters. The agreement marks Nvidia’s first large-scale launch in a region to which Washington has curbed the export of sophisticated U.S. …
(Reuters) – The chief executive of social media platform X, Linda Yaccarino, has shaken up her inner circle in the face of pressure from owner Elon Musk to boost sales and cut costs, the Financial Times said on Sunday. This month Yaccarino fired her right-hand man and head of business operations and communications, Joe Benarroch, …
Yaccarino shakes up X amid Musk’s pressure on costs, FT says Read More »
WARSAW (Reuters) – Poland’s top state-controlled utility PGE will decide on whether it will invest in nuclear energy in the next few years, the company’s CEO said in remarks published on Saturday, signaling uncertainty around the project that was initiated by the former government. Private Polish utility ZE PAK, PGE and Korea Hydro & Nuclear …
PGE to decide on nuclear project in next few years CEO says, report Read More »
FRANKFURT (Reuters) – Czech billionaire Daniel Kretinsky has agreed there will be no redundancies as a result of a planned joint venture with German conglomerate Thyssenkrupp’s steel division, the Westdeutsche Allgemeine Zeitung newspaper reported on Saturday. Spokespersons for Thyssenkrupp Steel Europe (TKSE), which employs 27,000, and for Kretinsky in Germany were not immediately available for …
Thyssenkrupp steel division, Kretinsky to exclude redundancies, newspaper reports Read More »
WASHINGTON (Reuters) -The Biden administration slapped sanctions on 12 people in senior leadership roles at AO Kaspersky Lab on Friday, citing cybersecurity risks a day after it announced plans to bar the sale of the Russian company’s antivirus software. The sanctions targeted leadership at the company, including the chief business development officer, chief operating officer, …
US imposes sanctions on Russia’s AO Kaspersky Lab executives over cyber risks Read More »
LONDON (Reuters) – Abu Dhabi-backed RedBird IMI said on Friday it had opened bids for its sale of the Telegraph and Spectator, having reversed its decision to acquire the right-leaning newspaper group after the government intervened. “We can confirm that prospective owners are now able to submit their initial bids from today (June 21),” a …
RedBird IMI opens bids for its sale of UK’s Telegraph newspaper Read More »
