(Reuters) – Elon Musk has said he intends to terminate his $44 billion deal to buy Twitter because the social media company had breached multiple provisions of the merger agreement. Twitter said it would pursue legal action to enforce the deal. Below is a snapshot of the Twitter takeover saga. Date Development Twitter share reaction …
Timeline: Elon Musk seeks to end $44 billion Twitter pursuit Read More »
By Hyunjoo Jin and Akash Sriram (Reuters) -Billionaire entrepreneur Elon Musk said on Friday he planned to “significantly” increase childcare benefits at his companies, including Tesla Inc, and that the details likely would be announced next month. His comments came a day after Musk tweeted that he will do his best to help what he …
Elon Musk plans to ‘significantly’ increase childcare benefits at his firms Read More »
By Tim Hepher PARIS (Reuters) -Europe’s Airbus posted flat first-half deliveries on Friday as it struggles to convert rising production plans into handovers to airlines amid tight global supply chains. The world’s largest planemaker said it delivered 60 commercial airplanes in June, bringing the total for the year so far to 297, unchanged from the …
By Sruthi Shankar and Bansari Mayur Kamdar (Reuters) -UK’s FTSE 100 inched up on Friday boosted by energy and consumer staple stocks at the end of a week marked by political turmoil in Britain, soaring energy prices in Europe and hawkish comments from major central banks. The blue-chip FTSE 100 rose 0.1% after falling as …
UK stocks end the week higher amid political, economic turmoil Read More »
LONDON (Reuters) – New British finance minister Nadhim Zahawi will take a closer look at the level of corporation tax, which is due to rise sharply next year, he said in an interview with The Sun newspaper https://www.thesun.co.uk/news/politics/19131704/nadhim-zahawi-vows-to-cut-taxes published on Friday. However Zahawi – who was appointed on Tuesday after Rishi Sunak stepped down in …
UK finance minister Zahawi to look at corporation tax – Sun Read More »
By Huw Jones LONDON (Reuters) – Future Bank of England tests of how banks will cope with a net zero economy could focus on specific activities such as trading and also include individual results, a senior official said. In its first climate-related stress test, the central bank found insurers and banks such as HSBC, Lloyds, …
Trading could come under Bank of England climate test scrutiny Read More »
ATHENS (Reuters) – Greek industrial output rose 3.2% in May compared to the same month a year earlier after a revised 4.8 drop in April, data from statistics service ELSTAT showed on Friday. A breakdown of index components showed manufacturing production fell rose 4.9% from the same month in 2021. Electricity production decreased 2.4% with …
Greek industrial output rises 3.2 pct y/y in May Read More »
LONDON (Reuters) – Anglo-Australian mining giant BHP has lost an appeal in a London court seeking to block a 5 billion pound-plus ($6 billion-plus) lawsuit by 200,000 Brazilians over a dam failure that triggered Brazil’s worst environmental disaster. The Court of Appeal ruled on Friday that the group lawsuit, which is seeking damages for the …
Miner BHP loses appeal against $6 billion-plus Brazil dam lawsuit Read More »
(Reuters) – Harbour Energy said on Friday that largest shareholder, EIG Asset Management, has distributed some of its stake in North Sea’s biggest oil and gas producer to existing investors, resulting in a dilution in its holding to 16% from 37%. The share distribution follows the merger of debt-laden Premier Oil Plc with private equity …
Harbour Energy’s biggest shareholder distributes stake, cuts it to 16% Read More »
(Reuters) – Labour union Unite said on Friday workers of Stagecoach Merseyside will go on a strike again, starting July 20, as the British bus operator failed to make an improved pay offer. Workers of the company, which operates bus services through Merseyside, Cheshire South Lancashire and parts of Greater Manchester, went on a strike …
Stagecoach Merseyside bus workers to strike again from July 20 – union Read More »
