(Reuters) – Meta Platforms’ former chief operating officer Sheryl Sandberg plans to step down from her position on the company’s board of directors after her term ends in May, she said in a Facebook post on Wednesday. “Meta business is strong and well-positioned for the future, so this feels like the right time to step …
Meta’s Sheryl Sandberg to exit board after 12 years Read More »
By Jonathan Saul, Simon Lewis and Megan Davies LONDON/WASHINGTON/DAVOS, Switzerland (Reuters) -The U.S. on Wednesday returned the Yemen-based Houthi rebels to a list of terrorist groups, as the militants attacked their second U.S.-operated vessel in the Red Sea region this week and the U.S. military carried out fresh strikes. Attacks by the Iran-allied Houthi militia …
U.S. lists Houthis as terrorists, rebels hit another US-operated ship Read More »
BELGRADE (Reuters) – Serbia wants to hold further talks with Anglo-Australian miner Rio Tinto about its lithium project in the country, President Aleksandar Vucic said on Wednesday, adding that there should also be more public discussion over whether it should go ahead. Belgrade revoked licences for Rio’s $2.4 billion Jadar lithium project in Western Serbia …
Serbia wants talks with Rio Tinto over Jadar lithium project Read More »
By Jesús Aguado MADRID (Reuters) – The European Central Bank has asked some lenders to detail their exposure to Spain’s Grifols and its related entities, after the drugmaker was last week accused of manipulating its financial accounts by a short-seller, sources said. Grifols denies the accusations by Gotham City Research that it has manipulated its …
Exclusive-ECB sounds out lenders on exposure to Spanish drugmaker Grifols – sources Read More »
By Francesca Landini MILAN (Reuters) – Newcleo is in talks with large funds as it seeks to raise up to 1 billion euros ($1.1 billion) from new investors, CEO and founder Stefano Buono said, adding France could also take a small stake in the nuclear energy start-up. The company, which is developing small modular reactors …
Newcleo seeks big fund investors, France could take small stake, CEO says Read More »
By Ludwig Burger FRANKFURT (Reuters) -Embattled drugmaker Bayer said it had agreed with shop stewards a significant reduction in managerial jobs and extended a pact that rules out compulsory redundancies in Germany until the end of 2026. “Bayer is currently in a difficult situation for various reasons. In order to make rapid, sustainable improvements to …
Bayer signs agreement on management job cuts with labour reps Read More »
By Elena Fabrichnaya, Alexander Marrow and Darya Korsunskaya MOSCOW (Reuters) – Countries whose sovereign bonds were purchased by Russia would not be considered in default if Western governments decide to confiscate frozen Russian reserves worth $300 billion, credit rating agencies Moody’s and S&P Global said. U.S. and British officials are pushing to seize Moscow’s assets …
Exclusive-No default risk in event of Russian asset confiscation: Moody’s, S&P say Read More »
(Reuters) -GSK has raised 978 million pounds ($1.24 billion) from a discounted sale of a stake in its spun-off consumer healthcare business Haleon, the British drugmaker said on Wednesday. GSK sold around 300 million shares in Haleon at 326 pence per share, cutting its shareholding in the world’s largest standalone consumer healthcare company to 4.2%. …
GSK raises $1.24 billion from latest Haleon stake sale Read More »
By Jeffrey Dastin DAVOS, Switzerland (Reuters) – Bright banners tout the promise of artificial intelligence along the main promenade of Davos, but executives at the World Economic Forum (WEF) say they are grappling with how to turn early demos into money-makers. The arrival of OpenAI’s viral ChatGPT triggered a frenzy of venture investment and an …
AI buzzes Davos, but CEOs wrestle with how to make it pay Read More »
ROME (Reuters) – The Italian government has reached a deal with domestic machine-maker Danieli and Ukraine’s Metinvest to relaunch the Piombino steel-making site in Tuscany, the industry ministry said in a statement on Wednesday. Separately, Rome is working to reach a similar agreement with JSW Group to further expand production in Piombino, where the Indian …
Italy signs deal with Danieli, Ukraine’s Metinvest to boost steel output Read More »
