By Andreas Rinke and Olena Harmash BERLIN (Reuters) -Ukraine and its allies drummed up support to protect Ukrainian cities from Russian missiles at a conference in Berlin on Tuesday and urged international businesses to put their faith, and billions of dollars, into post-war reconstruction. Kyiv hopes the recovery conference will cement its credentials as a …
Ukraine seeks help to shield and rebuild shattered cities Read More »
COPENHAGEN (Reuters) – Swedish fund manager Lansforsakringar Fondforvaltning said on Tuesday it will vote against ratifying Tesla CEO Elon Musk’s $56 billion pay package, which is up for a shareholder vote on Thursday. The fund said in an emailed statement that the remuneration package would fall outside what could be considered market-based and reasonable. “In …
Swedish fund manager to vote against Musk’s $56 billion Tesla pay package Read More »
(Reuters) – WeWork CEO David Tolley stepped down after the flexible workspace provider emerged from bankruptcy on Tuesday, bookending a months-long restructuring process that featured a strategy revamp and exits from several locations. The company named commercial real estate industry veteran John Santora as its new top boss. He most recently served as Tri-State chairman …
WeWork CEO Tolley steps down as company exits bankruptcy Read More »
By Nina Chestney LONDON (Reuters) – The Dutch government has awarded permits for offshore wind farm development totalling 4 gigawatts (GW) off the west coast of the Netherlands, in the largest wind tender in the country so far. Swedish energy company Vattenfall and clean energy fund manager Copenhagen Infrastructure Partners (CIP), through a joint venture …
Dutch government awards permits for 4 GW offshore wind project development Read More »
By Shristi Achar A and Shashwat Chauhan (Reuters) – European shares closed lower on Tuesday, with banks across the continent falling as investors fretted over political uncertainties in France while bracing for the U.S. Federal Reserve’s monetary policy meeting later in the week. The continent-wide STOXX 600 finished down 0.9%, logging its biggest single-day drop …
European shares end lower as French political tremors rattle banks Read More »
By Pranav Kashyap and Purvi Agarwal (Reuters) -London’s FTSE 100 fell 1% on Tuesday, weighed down by financial stocks tracking broder losses in European markets as political uncertainty spooked investors and weakness in industrial miners further weighed on the market. The benchmark FTSE 100 index’s decline marked its worst day in nearly two months while …
London’s FTSE 100 logs worst day in nearly two months as financials, miners weigh Read More »
By Jesus Calero (Reuters) – Denmark’s GN Store Nord lowered its 2024 financial targets on Tuesday citing plans to gradually wind down its Elite and Talk product lines. The maker of hearing aids, speakerphones and headsets expects an impact of around 450 million Danish crowns ($64.95 million) on its revenue and has narrowed its EBITA …
GN Store Nord cuts forecasts after product line wind-down Read More »
By Jeffrey Dastin and Aditya Soni SAN FRANCISCO (Reuters) -Apple’s developer conference on Monday was about more than infusing its software with the latest artificial intelligence technology, including from ChatGPT. It was also about selling more iPhones. Facing choppy consumer spending and resurgent tech rivals, Apple has looked to AI as a way to invigorate …
Apple’s AI push could reinvigorate iPhone sales as customers look to upgrade Read More »
FRANKFURT (Reuters) -Many euro zone banks are still far from meeting accounting rules on the provisions needed to protect against loan losses, despite some progress in factoring in climate risks, the European Central Bank’s top supervisor said on Tuesday. A decade-old accounting standard designed to avoid a new banking crisis requires lenders to make an …
ECB says many euro zone banks dragging their feet on loan-loss provisions Read More »
By Foo Yun Chee BRUSSELS (Reuters) – Deutsche Telekom on Tuesday won a legal fight to get EU antitrust regulators to pay interest on the portion of a fine reimbursed following an appeal, in what could be good news for a similar 593-million-euro ($638.3 million) claim by Intel. A score of companies have in recent …
Deutsche Telekom wins EU interest fight, bodes well for Intel Read More »
