BERLIN (Reuters) – Deutsche Telekom could increase its stake in British rival BT, despite a billions-strong drop in the value of its initial investment, Deutsche Telekom CEO Tim Hoettges said in a Financial Times interview published on Monday. Hoettges sees an increased stake as one of the options for Deutsche Telekom to recoup some of …
Deutsche Telekom could up BT stake despite losses – FT Read More »
(Reuters) – The Bank of England (BoE) will likely raise interest rates by a further 25 basis point (bps) in June as more monetary policy tightening may be needed to tame underlying sticky inflation, J.P. Morgan said in a note on Friday. Strong business activity and consumer confidence data last week challenged the central bank’s …
J.P.Morgan expects additional 25bps rate hike from BoE in June Read More »
LONDON (Reuters) – Britain and the European Union are working to agree post-Brexit trading arrangements for Northern Ireland. Below are details on the talks and hurdles to be overcome: WHY NORTHERN IRELAND? Northern Ireland is a British-ruled province and part of the United Kingdom that shares a long border with Ireland, a member of the …
Explainer-What is the Northern Ireland protocol? Read More »
By Supantha Mukherjee BARCELONA (Reuters) – Nokia announced plans on Sunday to change its brand identity for the first time in nearly 60 years, complete with a new logo, as the telecom equipment maker focuses on aggressive growth. The new logo comprises five different shapes forming the word NOKIA. The iconic blue color of the …
Nokia changes iconic logo to signal strategy shift Read More »
LONDON (Reuters) -An announcement about a deal between Britain and the European Union on post-Brexit trading arrangements for Northern Ireland is expected imminently, the BBC reported on Sunday citing multiple unnamed sources. BBC reporter Ione Wells said an announcement could come within the next hour although full details were more likely to be announced on …
Announcement about Northern Ireland Brexit deal expected imminently – BBC Read More »
LONDON (Reuters) – Global asset managers controlling trillions of dollars are failing to invest in a way that will protect climate, biodiversity and people, despite efforts by the industry to promote its sustainable finance credentials, the corporate responsibility group ShareAction said on Sunday. Investment strategies which consider environmental, social and governance (ESG) risks, or invest …
Majority of global asset managers still not investing responsibly, ShareAction says Read More »
PARIS (Reuters) – French defence and technology group Thales plans to hire 12,000 new staff this year as there is strong demand across its product range, CEO Patrice Caine said in an interview with French weekly Le Journal du Dimanche. He said that over the past eight years Thales, which has total staff of 80,000 …
French defence group Thales to recruit 12,000 staff as orders boom Read More »
By Jonathan Stempel (Reuters) -Billionaire investor Warren Buffett on Saturday signaled he has lost none of his enduring confidence in the U.S. economy and his company Berkshire Hathaway Inc. In his annual letter to Berkshire shareholders, the 92-year-old Buffett urged investors to focus on the big picture over the long term, rather than higher inflation …
Warren Buffett, in annual letter, stays upbeat and preaches patience Read More »
By Rhea Binoy and Jose Joseph (Reuters) -Blackstone Inc Chief Executive Officer Steve Schwarzman took home about $1.26 billion in pay and dividends for 2022, a regulatory filing showed. Schwarzman received more than $1 billion in dividends from his Blackstone shares and $253.1 million in compensation, filing showed on Friday. Goldman Sachs Group Inc slashed …
Blackstone’s Schwarzman received over $1 billion in pay, dividends in 2022 Read More »
WARSAW (Reuters) -Russia has halted supplies of oil to Poland via the Druzhba pipeline, PKN Orlen’s CEO said on Saturday, adding that the Polish refiner would tap other sources to plug the gap. The halt in supplies via the pipeline – which has been exempted from European Union sanctions imposed on Russia following its full-scale …
Russia halts pipeline oil to Poland says refiner PKN Orlen Read More »
