LONDON (Reuters) – A major cyber attack on a financial services payments system could lead to global losses of $3.5 trillion, with much of it not covered by insurance, commercial insurance market Lloyd’s of London said on Wednesday. The United States would suffer losses of $1.1 trillion over a five-year period from such an attack, …
Major cyber attack could cost the world $3.5 trillion -Lloyd’s of London Read More »
MOSCOW (Reuters) – Russia’s fuel export ban led to an 80% fall in railway exports of gasoline in the first 15 days of October from the same period in September to some 37,000 tonnes, data provided by two market sources and Reuters calculations showed. Russia temporarily banned exports of gasoline and ultra-low sulphur diesel (ULSD) …
Russian railway gasoline exports fell by 80% in first half October Read More »
By Supantha Mukherjee and Anne Kauranen STOCKHOLM/HELSINKI (Reuters) -Nokia will cut up to 14,000 jobs to reduce costs, it said on Thursday, warning it did not expect a market recovery soon after posting a 20% drop in third-quarter sales on weaker demand for 5G equipment. Shares in the Finnish company, which produces equipment for telecom …
Nokia to cut up to 14,000 jobs as US demand shrinks, growth uncertain Read More »
By Huw Jones LONDON (Reuters) – European Union banking regulators have been set specific objectives for their 2024 checks on lenders to reflect lessons from global banking turmoil earlier this year, the European Union’s banking watchdog said on Thursday. The European Banking Authority (EBA) sets out guidance for banking regulators in the bloc’s 27 member …
Banking turmoil to shape sector monitoring in 2024, says EU watchdog Read More »
By Amruta Khandekar (Reuters) -European shares tumbled on Thursday as a raft of dismal corporate earnings, including from packaged food giant Nestle, worsened an already risk-averse mood, driven by jitters around the Middle East war and uncertainty over interest rates. The pan-European STOXX 600 fell 1% to hit nearly a two-week low by 0839 GMT, …
European shares drop to two-week low as dismal earnings add to risk-off mood Read More »
By Dominique Vidalon and Emma Rumney PARIS/LONDON (Reuters) -French spirits maker Pernod Ricard on Thursday said it expected higher sales this year despite a tough first quarter, painting a positive picture for both China and the United States which helped lift its shares by over 5%. Pernod, the world’s second largest spirits maker by sales, …
Pernod Ricard’s shares rise on signs of celebrations revival in China Read More »
BERLIN (Reuters) – Deutsche Bahn and Miami-based infrastructure investor I Squared Capital have signed an agreement for the sale of the German rail operator’s international transport business Arriva Group, the companies said on Thursday. The transaction is expected to complete in 2024, subject to the customary closing conditions, including the approval of the Deutsche Bahn’s …
Deutsche Bahn, I Squared Capital sign agreement for sale of Arriva Group Read More »
(Reuters) -Activist-investor Carl Icahn sued the board of directors at genetic testing company Illumina and accused them of breaching their fiduciary duties, according to a sealed copy of the complaint. The publicly available version of the complaint did not contain further details, but Icahn told the 13D Monitor Active-Passive Investor Summit in New York on …
Carl Icahn sues Illumina board for violating ‘fiduciary duties’ Read More »
By Blake Brittain (Reuters) – Music publishers Universal Music, ABKCO and Concord Publishing sued artificial intelligence company Anthropic in Tennessee federal court on Wednesday, accusing it of misusing an “innumerable” amount of copyrighted song lyrics to train its chatbot Claude. The lawsuit said Anthropic violates the publishers’ rights through its use of lyrics from at …
Music publishers sue AI company Anthropic over song lyrics Read More »
FRANKFURT (Reuters) – Deutsche Bahn plans to announce on Thursday the sale of its international transport business Arriva to Miami-based infrastructure investor I Squared Capital, sources told Reuters. The two parties will sign the deal by Thursday, two people familiar with the matter said on Wednesday. Deutsche Bahn declined to comment. Reuters had already reported …
Deutsche Bahn to announce deal to sell Arriva to I Squared on Thursday -sources Read More »
