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FRANKFURT (Reuters) – German chemicals maker Evonik is close to finalising the sale of its superabsorbents business, which makes materials for diapers and hygiene products, Chief Financial Officer Maike Schuh told German newspaper Boersen-Zeitung. “Now we’re looking at the contract negotiations,” she said, adding that the process could take a while. “But we’re on the …

Evonik CFO says sale of superabsorbents business on ‘home stretch’ – BZ Read More »

By Huw Jones LONDON (Reuters) – Britain’s banks and building societies should make sure customers can still access cash before closing a branch as more financial services move online, the country’s markets regulator proposed on Thursday. The Financial Conduct Authority (FCA) said it was using powers under a new financial services law approved earlier this …

Britain sets out safeguards for accessing cash in digital age Read More »

DUESSELDORF (Reuters) -Signa Development Finance, a unit of Signa Development Selection AG, said on Friday it is “predominantly likely” that its parent and companies related to it will start insolvency proceedings soon. Signa Development Selection AG, which invests in development projects in major urban centres, and further companies of the Signa Development group will apply …

Signa unit says expects to file for insolvency in the very near term Read More »

BRUSSELS (Reuters) – EU countries and lawmakers are close to clinching a provisional deal on rules governing the use of artificial intelligence and an announcement could come in the next hour, people with direct knowledge of the discussions said on Friday. The two sides together with the European Commission, which proposed the rules two years …

EU countries, lawmakers close to deal on AI rules, sources say Read More »

By Elena Fabrichnaya MOSCOW (Reuters) – Around a dozen aggrieved retail investors met with the senior management of Russia’s SPB Exchange this week, demanding the recovery of their foreign currency assets blocked by U.S. sanctions. Russia’s second-largest stock exchange, which specialises in trading foreign shares, last week said Washington’s restrictions were blocking more than two …

Aggrieved Russian retail investors demand SPB Exchange recover their assets Read More »

By Akash Sriram and Hyunjoo Jin (Reuters) -The angular design of Tesla’s Cybertruck has safety experts concerned the electric pickup truck’s stiff stainless-steel exoskeleton could hurt pedestrians and cyclists and damage other vehicles on roads. Reuters spoke to six safety professors and officials who viewed videos of crash tests conducted by Tesla on its first …

Tesla Cybertruck’s stiff structure, sharp design raise safety concerns -experts Read More »

BERLIN (Reuters) – German Chancellor Olaf Scholz’s Social Democrats (SPD) agreed on Friday the need for a reform in the medium term of the country’s self-imposed borrowing limits to give the state more room for manoeuvre, in particular to invest. SPD leaders Saskia Esken and Lars Klingbeil also made clear in their speeches at the …

Germany’s Social Democrats call for debt brake reform at party conference Read More »