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Boeing’s Starliner spacecraft sends first astronaut crew to orbit

5 Jun 2024

By Joey Roulette CAPE CANAVERAL, Florida (Reuters) -Boeing’s new Starliner capsule flew its first crew of astronauts to orbit on Wednesday from Florida in a much-delayed test mission to the International Space Station, a milestone in the aerospace giant’s ambitions to step up its competition with Elon Musk’s SpaceX. The CST-100 Starliner, with astronauts Barry …

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Nvidia’s stock market value hits $3 trillion for first time

5 Jun 2024

(Reuters) – Nvidia’s stock market value hit $3 trillion for the first time on Wednesday as the chipmaker benefited from a race between Wall Street’s heavyweights to dominate AI technology. Shares of the maker of specialized AI chips were last up 4.75%. Nvidia shares touched an intra-day record high of $1,219.93, giving it a market …

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Pilots at Irish airline Aer Lingus vote on industrial action

5 Jun 2024

DUBLIN (Reuters) – Pilots at Aer Lingus are balloting for industrial action in a dispute over pay, the Irish Air Lines Pilots’ Association (IALPA) said on Wednesday, while the Irish airline dismissed the action as “entirely unnecessary.” The ballot follows the rejection by pilots of an Irish Labour Court recommendation that would have increased pilot …

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Fincantieri recently pitched idea of TKMS tie-up to Berlin, Handelsblatt says

5 Jun 2024

FRANKFURT (Reuters) – Fincantieri Chief Executive Pierroberto Folgiero recently pitched the idea of a tie-up with Thyssenkrupp’s defense division, which is currently up for sale, to members of Germany’s government, Handelsblatt reported. Fincantieri has for years been considered a potential partner in efforts by Thyssenkrupp to sell its Marine Systems (TKMS) division, which makes frigates …

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European shares led higher by tech stocks ahead of ECB rate decision

5 Jun 2024

By Shristi Achar A and Shashwat Chauhan (Reuters) -European shares gained on Wednesday, led by technology stocks including Dutch semiconductor equipment maker ASML, with focus shifting to the European Central Bank’s key rate decision later this week. The pan-European STOXX 600 closed 0.8% higher after falling around 0.5% in the last session, with the technology …

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FTSE 100 ends higher on revived US rate cut bets, ECB awaited

5 Jun 2024

By Pranav Kashyap and Purvi Agarwal (Reuters) -Britain’s FTSE 100 closed higher on Wednesday, buoyed by economic data cementing bets for a September rate cut by the U.S. Federal Reserve, while investors keenly awaited the European Central Bank’s interest rate decision on Thursday. The blue-chip FTSE 100 gained 0.2% after two sessions of falls, while …

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Single family offices in Switzerland worth $670 billion, study shows

5 Jun 2024

ZURICH (Reuters) – Single family offices (SFOs), or private companies set up to manage the wealth and business of rich families, are worth about 600 billion Swiss francs ($670 billion) in Switzerland, according to a study published on Tuesday. The report, the first of its kind issued by the Swiss Single Family Office Association (SFOA), …

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Spain’s BBVA seeks ECB go-ahead for Sabadell hostile bid, source says

5 Jun 2024

By Jesús Aguado LONDON (Reuters) – Spain’s BBVA asked the European Central Bank on Tuesday to authorize its more than 12 billion euro ($13 billion) hostile bid for Sabadell, a source close to BBVA said. BBVA’s all-share offer was rejected by Sabadell last month, prompting Spain’s second-largest bank to go hostile in its latest attempt …

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German finance ministry eyes 13 billion euros in income tax relief, source says

5 Jun 2024

By Christian Kraemer FRANKFURT (Reuters) -The German finance ministry said on Wednesday it is preparing personal income tax cuts to rectify a creeping fiscal burden from inflation, in a package that a government source said could be worth more than 13 billion euros ($14.2 billion) per year from 2026. Germany has a system of income …

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