(Reuters) – European shares climbed on Friday and were set for a weekly rise, led by healthcare stocks, while investors keenly awaited inflation data for further proof of easing price pressures across the board. The pan-European STOXX 600 rose 0.5% by 0810 GMT, and eyed a weekly rise of 2.3%, boosted by a fall in …
European shares gain on healthcare boost, euro zone inflation data eyed Read More »
By Maria Martinez BERLIN (Reuters) – Germany’s budget committee paused final deliberations on the 2024 draft budget early on Friday morning, according to the chief budget officers of the coalition government, after a constitutional court ruling threw negotiations into disarray. Germany’s ruling coalition is scrambling to fix a large hole in its finances after a …
Germany’s budget committee pauses 2024 budget deliberations -panel members Read More »
(Reuters) – British pub group Marston’s on Friday appointed Justin Platt as its new chief executive officer, effective Jan. 10, 2024. In a statement, the company said that after having navigated the pub group through the pandemic and more recently, the challenging macroeconomic conditions, incumbent CEO Andrew Andrea agreed to step down with immediate effect. …
British pub group Marston’s names industry veteran Justin Platt as CEO Read More »
(Reuters) – British finance minister Jeremy Hunt is expected to launch a consultation on a widened role for the Pension Protection Fund (PPF) in his Autumn Statement next week, the Financial Times reported on Thursday. Under the proposals, the fund would take on an additional role as a consolidator of smaller defined benefit pension schemes …
UK’s Hunt to unveil expanded role for Pension Protection Fund – FT Read More »
By Anousha Sakoui (Reuters) -The Aston Martin Formula One team said on Thursday it had agreed on an investment by U.S. private equity firm Arctos Partners in exchange for a minority shareholding. The stake sale, terms of which were not disclosed, values the racing group at 1 billion pounds ($1.24 billion), a person with knowledge about …
Aston Martin F1 team gets investment from PE firm Arctos Read More »
ATHENS (Reuters) – Greece on Thursday sold a 22% stake in National Bank (NBG), its second-biggest lender by market value, with the sale oversubscribed by more than eight times, a source close to the process told Reuters. After injecting about 50 billion euros ($54 billion) to prop up Greece’s four largest lenders in return for …
Greece’s National Bank stake sale oversubscribed -source Read More »
By Daphne Psaledakis and Laura Sanicola WASHINGTON (Reuters) -The U.S. on Thursday imposed sanctions on maritime companies and vessels for shipping Russian oil sold above the G7’s price cap, as Washington seeks to close loopholes in the mechanism designed to punish Moscow for its war in Ukraine. The U.S. Treasury Department in a statement said …
US sanctions maritime companies, vessels for shipping oil above Russian price cap Read More »
By Anna Tong SAN FRANCISCO (Reuters) – OpenAI, whose generative AI products initially raised fears of widespread cheating on homework, is now exploring how it can get its popular ChatGPT chatbot into classrooms, according to a senior executive. OpenAI’s chief operating officer, Brad Lightcap, said at a conference in San Francisco that the company will …
Exclusive-OpenAI explores how to get ChatGPT into classrooms Read More »
BERLIN (Reuters) – The German government coalition is likely to raise VAT on food in restaurants back to 19% from 7%, after reducing it during the energy crisis and COVID-19 pandemic, two sources told Reuters on Thursday. The final decision will be made later in the evening, one source added, as negotiations continued into the …
German government to raise VAT on food in restaurants back to 19% next year Read More »
MILAN (Reuters) – Italian asset manager Anima Holding said on Thursday it has signed a binding agreement to acquire all of smaller peer Kairos from Swiss private bank Julius Baer. Under the deal, which is expected to be completed by the second quarter of next year, Anima will pay up to 20 million-25 million euros …
Italy’s Anima signs binding deal to buy Julius Baer’s Kairos Read More »
