(Reuters) – European shares were subdued early on Wednesday, ahead of key euro zone economic data and congressional testimony from U.S. Federal Reserve Chair Jerome Powell, while upbeat earnings offset losses on the index. The pan-European STOXX 600 index was flat by 0809 GMT. Basic resources were 0.5% higher on support from gold prices, which …
European shares muted ahead of key economic data Read More »
By Pablo Mayo Cerqueiro LONDON (Reuters) – Permira is putting together a dedicated investment team to focus on the transition to a low carbon economy, the private equity group said, as alternative asset managers look to capitalise on the global shift to a greener future. The team will be led by former Blackstone executive Kush …
Permira assembles new team to invest in low carbon transition Read More »
LONDON (Reuters) -British wealth manager Quilter said on Wednesday it would review historical services provided to customers amid heightened regulatory scrutiny of charging by fund managers. Quilter said the review may lead to “remedial costs”, but that it was too early to quantify what those might be. “…we are commencing a review of historical data …
UK’s Quilter warns of potential ‘remedial costs’ amid regulatory scrutiny Read More »
(Reuters) – ChatGPT maker OpenAI on Tuesday refuted Elon Musk’s claims that the startup abandoned its original mission to develop artificial intelligence for the benefit of humanity and not for profit. OpenAI said in a blog post that it intends to move to dismiss all of Musk’s claims. Musk filed a lawsuit against the startup …
OpenAI seeks to dismiss all of Musk’s claims in lawsuit Read More »
(Reuters) -British bookmaker 888 Holdings said on Wednesday it had terminated its deal with Sports Illustrated and was looking at options to sell or exit its direct-to-consumer U.S. operations, due to intense competition and low margins. Sports Illustrated (SI), known for its eponymous sports magazine, had entered the online betting market in an exclusive deal …
888 ends Sports Illustrated deal as intense US competition sparks review Read More »
PARIS (Reuters) – The European Union on Wednesday agreed on a deal to unjam air traffic reform in a bid to bring order to the mosaic of airspace regulations that is blamed for chronic delays and unnecessary emissions across Europe. The Belgian EU presidency said on Wednesday that negotiators from the European Council presidency and …
EU strikes deal to unjam European air traffic reform Read More »
(Reuters) -Private equity firm CVC Capital Partners is considering reviving plans for an Amsterdam stock market listing as soon as next month, seeking a valuation of over $15 billion, Sky News reported on Tuesday. CVC has not yet made a firm decision about the listing and it could be further delayed beyond the spring or …
Private equity firm CVC plots revival of Amsterdam IPO, Sky News reports Read More »
MONTREAL (Reuters) -An Airbus contract offer being voted on this month by Montreal-area workers involved in the production of its smallest A220 jets is being dismissed by their union as “totally unacceptable,” according to a memo to members. Airbus is holding talks with the estimated 1,300 workers in Canada’s province of Quebec at a time …
Airbus presents ‘totally unacceptable’ offer to A220 workers, union memo says Read More »
By Jaspreet Singh and Aditya Soni (Reuters) -Meta-owned Facebook and Instagram were back up on Tuesday after a more than two-hour outage that was caused by a technical issue and impacted hundreds of thousands of users globally. The disruptions started at around 10 a.m. ET (1500 GMT), with many users saying on rival social media …
Meta’s Facebook, Instagram back up after global outage Read More »
AMSTERDAM (Reuters) – The Netherlands will not permit companies to drill for gas in the Dutch part of the protected Wadden Sea, the Dutch government said on Tuesday in a move that will block planned exploration by Shell and ExxonMobil joint venture NAM. Mining minister Hans Vijlbrief said new projections for an accelerated rise of …
Netherlands won’t permit gas drilling in sensitive Wadden Sea, government says Read More »
