By Avinash P (Reuters) -The UK’s FTSE 100 closed at an all-time high on Tuesday, lifted by a jump in HSBC’s shares after the lender boosted its income outlook, while investors awaited a slew of big-ticket events later in the week. The blue-chip-focused FTSE 100 rose 0.4% to a closing peak of 9,696.74 points. The …
(Reuters) -Medical equipment maker Gerresheimer is parting with its chief executive Dietmar Siemssen at the end of the month, the company said on Tuesday. Siemssen will step down as CEO on October 31 by mutual agreement with the supervisory board, according to a statement, which did not give a reason for his departure. The decision …
Gerresheimer parts with CEO Siemssen after several profit warnings Read More »
MILAN (Reuters) -Volkswagen could decide on the future of its Italy-based design and engineering unit Italdesign by the end of this year, Italdesign CEO said on Tuesday. The German automaker, which is under pressure to overhaul its European operations amid increasing competition and soft market demand, is considering plans to divest from Italdesign, union representatives …
Italdesign CEO says parent Volkswagen may decide unit’s future by year-end Read More »
(Reuters) – Microsoft and OpenAI reached a deal to allow the ChatGPT maker to restructure itself into a public benefit corporation, valuing OpenAI at $500 billion and giving it more freedom in its business operations. The deal removes a major constraint on raising capital for OpenAI that existed since 2019, when it signed a deal …
Wall Street reacts to Microsoft and OpenAI’s new deal Read More »
ASTANA (Reuters) -Kazakhstan is discussing with Finland the possibility of supplying its uranium to Finnish nuclear power plants, the head of the Kazakh nuclear energy agency, Almasadam Satkaliyev, said on Tuesday. Finnish utility Fortum, meanwhile, told Reuters that Kazakhstan was “a potential supplier”. Satkaliyev did not give details of the volumes involved as he talked …
Kazakhstan discusses exporting uranium to Finnish nuclear plants Read More »
By Emma Farge GENEVA (Reuters) -Several states have quizzed Britain about whether its trade deal with the United States is compliant with World Trade Organization rules, a document showed on Tuesday, as the country undergoes its first trade policy review at the global body. Britain, which is a vocal backer of the WTO system, locked …
Countries ask if Britain’s US trade deal is WTO compliant, document shows Read More »
By Dominique Vidalon and Alexander Marrow PARIS (Reuters) -Danone’s high-performing Chinese business drove a third-quarter sales beat on Tuesday, with strong demand in China for infant milk formula and medical nutrition largely offsetting weakness in coffee creamers in a competitive U.S. market. Finance chief Juergen Esser said Danone’s Chinese business was “firing on all cylinders” …
Danone delivers Q3 sales beat with China ‘firing on all cylinders’ Read More »
COPENHAGEN (Reuters) -Swedish defence equipment maker Saab said on Tuesday it has received an order for its Giraffe 1X radars worth around $46 million from the U.S. Army. “The order underscores the growing demand for Saab’s advanced radar technology to strengthen air defence and Counter-Unmanned Aerial Systems (C-UAS) capabilities worldwide,” the company said in a statement. …
Sweden’s Saab receives $46 million US Army order for radars Read More »
By Marleen Kaesebier and Javi West Larrañaga (Reuters) -The outlook for European corporate health has slightly improved, the latest earnings forecasts showed on Tuesday, as early quarterly results see businesses adapting to U.S. President Donald Trump’s tariffs. European companies are expected to report growth of 0.4% in third-quarter earnings, on average, according to LSEG I/B/E/S …
European corporate profits expected to improve as results show tariff mitigation Read More »
RIYADH (Reuters) -Oracle CEO Mike Sicilia said on Tuesday that he is not concerned about an “AI bubble,” adding that there is real value in artificial intelligence as demand far outpaces supply. He was speaking at a panel the annual Future Investment Initiative (FII) summit in Riyadh. (Reporting by Federico Maccioni and Yousef Saba, Writing …
ORACLE says there is real value in AI as demand far outpaces supply Read More »
