By Sarah Young LONDON (Reuters) – British luxury group Burberry on Monday sacked its CEO and named former Coach boss Joshua Schulman to replace him, as it promises a “more familiar” look and presses on with efforts to revive the brand by moving upmarket. It also warned on profit and scrapped its dividend, sending its …
UK luxury brand Burberry gets new boss to revive revamp Read More »
By Tom Sims FRANKFURT (Reuters) -Deutsche Bank is expected to post a loss for the second quarter, according to a new analyst consensus forecast published on the bank’s website on Monday. Any loss at Germany’s largest lender would break a streak of 15 consecutive quarters in the black in a setback for the bank’s turnaround …
Deutsche Bank forecast to post quarterly loss, breaking profit streak Read More »
(Reuters) – Dutch company Yandex NV on Monday said it had finalised the divestment of its Russia-based technology assets to a consortium of Russian investors in a cash and shares deal worth around $5.4 billion. The split marks the end of foreign ownership in Yandex, often dubbed “Russia’s Google”, potentially tightening the Kremlin’s control of …
Yandex NV finalises $5.4 billion deal to sell Russian businesses Read More »
By Prerna Bedi (Reuters) -British recruiters warned of tough hiring market conditions in the near-term as workers avoid switching jobs and employers take longer to fill vacant positions due to economic and political uncertainties exacerbated by elections in Britain and France. Robert Walters on Monday joined bigger peers PageGroup and Hays in reporting a fall …
British recruiters warn on tough hiring market conditions Read More »
(Reuters) – Carrefour said on Monday it had entered into a partnership with French renewable energy company GreenYellow for the installation and operation of solar panels in the car parks of around 350 of its hypermarkets and supermarkets in France. Under the agreement, GreenYellow will finance the photovoltaic production equipment that are expected to generate …
Carrefour partners with GreenYellow to install solar panels at its French stores Read More »
By Anastasiia Kozlova (Reuters) -BayWa shares fell by as much as 35% on Monday after the diversified German trading group commissioned an external inquiry into whether it can restructure its finances. The shares were down 34.9% at 0739 GMT, on course for their worst day yet. They also hit the bottom of the German small-caps …
Agricultural trader BayWa’s stock dives on ‘tense financing situation’ Read More »
By Sudip Kar-Gupta PARIS (Reuters) – France’s public finances and its rising deficit are worrying and leave the country “dangerously exposed” in the event of a new, macroeconomic shock, the national public audit office said on Monday. The audit office, known as the Cour des Comptes, reiterated it was vital for France, the euro zone’s …
France ‘dangerously exposed’ in case of economic shock, national audit office says Read More »
(Reuters) – British luxury brand Burberry named Joshua Schulman as its new CEO on Monday after warning on profit and scrapping its dividend payment for this year. He will become Burberry’s fourth CEO in 10 years, replacing Jonathan Akeroyd who was axed after two years in the role. Schulman starts his new job on Wednesday, …
Factbox-Who is Burberry’s new CEO and luxury veteran Joshua Schulman? Read More »
(Reuters) – British luxury brand Burberry named Joshua Schulman as its new CEO on Monday after warning on profit and scrapping its dividend payment for this year. He will become Burberry’s fourth CEO in 10 years, replacing Jonathan Akeroyd who was axed after two years in the role. Schulman starts his new job on Wednesday, …
Factbox-Who is Burberry’s new CEO and luxury veteran Joshua Schulman? Read More »
By Anna Tong and Katie Paul -ChatGPT maker OpenAI is working on a novel approach to its artificial intelligence models in a project code-named “Strawberry,” according to a person familiar with the matter and internal documentation reviewed by Reuters. The project, details of which have not been previously reported, comes as the Microsoft-backed startup races …
OpenAI working on new reasoning technology under code name ‘Strawberry’ Read More »
