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PARIS (Reuters) – NJJ Presse, a holding of French telecoms maverick Xavier Niel, has purchased Czech billionaire Daniel Kretinsky’s stake in daily Le Monde and committed to transferring this and its existing stake to a fund defending press freedom, it said on Saturday. “The entire shares held since 2019 by Mr. Daniel Kretinsky’s company in …

Xavier Niel buys Czech investor Kretinsky’s stake in Le Monde Read More »

PARIS (Reuters) – Bank of France head Francois Villeroy de Galhau, a governing council member of the European Central Bank (ECB), said on Saturday that the spike in oil and fuel prices did not change the ECB’s objective to bring inflation back towards 2% by 2025. “Gasoline consumption at the pump represents roughly 5% of …

Oil price spike does not change ECB’s view on inflation-Villeroy Read More »

SAO PAULO (Reuters) – Renault will maintain production of ethanol-fueled combustion vehicles in Brazil, where nine in 10 cars are equipped to run on a mixture of gasoline and the biofuel as fully electric vehicles (EVs) need more government support, the head of the French carmaker’s Brazil branch said on Friday. “It still pays to …

Renault to maintain mixed ethanol combustion engines in Brazil Read More »

(Reuters) – UK finance minister Jeremy Hunt is planning the biggest shake-up to Individual Savings Accounts (ISA) in years in an effort to persuade more people to take advantage of tax-free vehicles to back London-listed companies, the Financial Times reported on Friday. The country’s Treasury officials have met with investment industry executives in recent weeks …

UK’s Jeremy Hunt plans ISA overhaul to boost share ownership -FT Read More »

By Zeba Siddiqui and Raphael Satter SAN FRANCISCO/WASHINGTON (Reuters) – About a year ago, the U.S. security firm Palo Alto Networks began to hear from a flurry of companies that had been hacked in ways that weren’t the norm for cybercriminals. Native English-speaking hackers would call up a target company’s information technology helpdesk posing as …

‘Power, influence, notoriety’: The Gen-Z hackers who struck MGM, Caesars Read More »

By Foo Yun Chee BRUSSELS (Reuters) – Agreements between companies not to hire each other’s employees have recently attracted regulatory scrutiny, a senior EU antitrust official said on Friday, amid concerns that such practices may unlawfully restrict workers’ job opportunities. The U.S. Justice Department has in recent years stepped up enforcement over no-poach and non-solicitation …

EU antitrust regulators looking at company no poach deals, EU official says Read More »

By Milana Vinn (Reuters) – Deutsche Bank AG has hired Ainslee Withey, a Barclays technology banker, as a managing director in its technology investment banking group for internet dealmaking, according to people familiar with the matter. Withey, who spent 15 years at Barclays and focused on internet investment banking, will be based in San Francisco …

Deutsche Bank hires internet banker Withey from Barclays – sources Read More »