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Rheinmetall to supply Ukraine with Luna drone system this year

(Reuters) – German defence group Rheinmetall said on Monday that it has received an order worth a low double-digit million-euro amount to supply its Luna drone system to Ukraine this year. The order is a part of an extensive military aid package initiated by the German government in July 2023, it said. The air-supported short-range …

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Germany economy ministry supports ‘fair’ distribution of wind power expansion costs

BERLIN (Reuters) – Germany’s economy ministry is in favour of distributing the network costs of expanding renewable energies “fairly” among the country’s federal states, a spokesperson for the ministry said on Sunday. A dispute between the northern and southern states has intensified recently, with northern-state residents complaining about higher electricity prices in their region despite …

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Soccer-LaLiga files complaint over PSG’s Qatar subsidies

(Reuters) – Spanish top flight LaLiga has filed a complaint with the European Commission against Paris St Germain’s “spending commissions”, alleging the Qatari-backed French club are distorting markets through subsidies from the Gulf state. The practices have allowed PSG, owned by Qatar Sports Investments since 2011, to sign top players and coaches “well above its …

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Daily Mail in talks with investors over potential bid for Britain’s Telegraph

(Reuters) – The Daily Mail and General Trust has registered its interest with British bank Lloyds for a potential bid for The Telegraph, a spokesperson told Reuters on Saturday. However, while it has been engaging with several parties, DMGT does not yet have any formal plans and there is no consortium, the spokesperson added. Sky …

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ChatGPT fever spreads to US workplace, sounding alarm for some

By Richa Naidu, Martin Coulter and Jason Lange LONDON/WASHINGTON (Reuters) – Many workers across the U.S. are turning to ChatGPT to help with basic tasks, a Reuters/Ipsos poll found, despite fears that have led employers such as Microsoft and Google to curb its use. Companies worldwide are considering how to best make use of ChatGPT, …

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Argentina’s markets keep wary eye on primary vote after 2019 crash

By Walter Bianchi and Jorge Otaola BUENOS AIRES (Reuters) – Argentine traders are keeping a close eye on primary elections on Sunday, which will reveal the likely outcome of the Oct. 22 general ballot, with a major market crash after the same vote in 2019 still seared in their memories. The primary, which unusually is …

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Spain’s finance minister to run for European Investment Bank top job

MADRID (Reuters) – The Spanish government has put forward its finance minister, Nadia Calvino, as a candidate to lead the European Union’s lending arm, the European Investment Bank (EIB), a Spanish government official told Reuters on Friday. EU antitrust chief Margrethe Vestager, known for her crackdown and hefty fines meted out to Big Tech for …

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UK antitrust watchdog provisionally clears $1.58 billion UnitedHealth-EMIS deal

(Reuters) – Britain’s competition regulator said on Friday it has provisionally cleared UnitedHealth Group’s 1.24 billion pound ($1.58 billion) acquisition of healthcare technology firm EMIS. The Competition and Markets Authority (CMA) said it provisionally found no competition concerns in the deal betweenspecialist health care tech and software companies, which provide services to Britain’s National Health …

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Barcelona strikes $1 billion merger deal to list soccer club’s media business

MADRID (Reuters) -Spanish soccer club FC Barcelona said it will list a new $1 billion content creation business called Barca Media on Nasdaq, through a merger with a so-called blank check company. Barcelona’s president Joan Laporta, who was re-elected in 2021 to lead the club out of an institutional and financial crisis, has been looking …

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European shares fall as interest rate uncertainty dampens sentiment

By Shashwat Chauhan, Amruta Khandekar and Shristi Achar A (Reuters) -European shares fell on Friday as concerns that global interest rates could stay elevated for longer took centre stage, while UBS shares jumped after the Swiss lender ended a state guarantee granted for its takeover of Credit Suisse. The pan-European STOXX 600 dropped 1.1%, with …

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