By William James LONDON (Reuters) -Britain’s opposition Labour Party set out the fiscal rules it would use if it wins the next election, seeking to show voters and investors it can be trusted to reinvigorate a stagnant economy while leaving the door open for more public investment. Labour’s finance policy chief Rachel Reeves used a …
UK’s Labour opens door for more investment borrowing Read More »
(Reuters) – Scandinavian airline SAS said on Tuesday a U.S. Bankruptcy Court had approved its Chapter 11 plan of reorganization. U.S. Bankruptcy Judge Michael Wiles approved SAS AB’s bankruptcy restructuring at a court hearing in Manhattan, clearing the airline to move ahead with a restructuring that includes a $1.2 billion investment from a consortium of …
Airline SAS receives US court approval for bankruptcy restructuring Read More »
By David Shepardson WASHINGTON (Reuters) – Chrysler parent Stellantis and the state of California reached an agreement on emissions on Tuesday after the company unsuccessfully sought to join a deal that other automakers had struck with the state in 2019. Under the agreement announced by the state and the company, Stellantis will comply with California’s …
California, Stellantis strike vehicle emissions deal Read More »
By Foo Yun Chee BRUSSELS (Reuters) -Meta Platforms has offered to almost halve its monthly subscription fee for Facebook and Instagram to 5.99 euros from 9.99 euros, a senior Meta executive said on Tuesday, a move that aims to address concerns from privacy and antitrust regulators. The price cut follows mounting criticism from privacy activists …
Meta offers to almost halve Facebook and Instagram monthly fees Read More »
By Mathieu Rosemain PARIS (Reuters) – Ariane de Rothschild dismissed on Tuesday talk of merging Edmond de Rothschild, the Geneva-based private bank she runs, with Paris-based investment bank Rothschild & Co as “fantasy”, adding that such a move would create little value. The two Rothschild groups are controlled by different branches of the banking dynasty …
Edmond de Rothschild CEO says a merger with Rothschild & Co is ‘fantasy’ Read More »
MILAN (Reuters) – Merlyn Partners, a Luxembourg based alternative investment fund, said it held 0.53% of Telecom Italia (TIM) as of Tuesday. The stake disclosure comes ahead of an annual general meeting next month where TIM’s CEO Pietro Labriola will seek a new mandate as he works to finalise the sale of the company’s main …
Merlyn Partners discloses stake in Telecom Italia ahead of vote on new board Read More »
By Francesca Landini MILAN (Reuters) – Italian power grid company Terna said on Tuesday it would invest 16.5 billion euros ($18 billion) over the next five years to help the country integrate renewable energy sources into its economy and make the network digital and more flexible. This will represent a 65% increase in capital expenditure …
Italy’s Terna to invest $18 billion in grid by 2028, eyes M&A Read More »
By Foo Yun Chee BRUSSELS (Reuters) – EU antitrust chief Margrethe Vestager on Tuesday warned Apple and Meta Platforms on their new fees for their services, saying that this may hinder users from enjoying the benefits of the Digital Markets Act which aims to give them more choices. Apple announced a slew of changes in …
Exclusive-EU’s Vestager warns about Apple, Meta fees, disparaging rival products Read More »
By Max A. Cherney, Stephen Nellis and Medha Singh SAN JOSE, California (Reuters) -Nvidia’s stock climbed on Tuesday after the heavyweight chipmaker said its new flagship AI processor is expected to ship later this year and CEO Jensen Huang said he is chasing a data center market potentially greater than $250 billion. Nvidia’s stock rose …
Nvidia stock climbs as CFO says new chip to ship in 2024 Read More »
By Andrey Sychev, Emma-Victoria Farr and Tom Käckenhoff (Reuters) -Thyssenkrupp is evaluating a potential sale of a stake in its Marine Systems unit which builds naval ships and submarines to investment firm Carlyle <CG.O>, the German conglomerate said on Tuesday. “With the active involvement of Carlyle, we are now taking the necessary next step and …
Thyssenkrupp assessing Carlyle’s bid for marine unit Read More »
