Reuters UK Business

Hungary price caps could stay in place if war is entrenched, Orban says

By Gergely Szakacs BUDAPEST (Reuters) – Hungary’s price caps on fuel, some basic foods and energy could stay in place for a longer period if the war in Ukraine is entrenched, sustaining high inflationary pressures, Prime Minister Viktor Orban said on Friday. Inflation has been rising sharply across Central Europe since Russia’s invasion of Ukraine …

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Disney replaces Rice, promotes Walden in leadership shakeup

By Dawn Chmielewski and Lisa Richwine LOS ANGELES (Reuters) -Walt Disney Co Chief Executive Bob Chapek announced a major leadership shift on Thursday, promoting Dana Walden to chairman of general entertainment content as the company works to build its streaming television efforts. Walden replaces veteran Hollywood executive Peter Rice, who is leaving Disney. Both executives …

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Meta unfriends FB ticker in final farewell to Facebook era

(Reuters) – After a decade of trading as Facebook, the social media giant is shedding the last vestige of its old corporate avatar as it begins trading under the ticker symbol ‘META’ on Thursday. Meta Platforms Inc rebranded from its eponymous social networking platform in October 2021, betting that the metaverse, a shared virtual realm, …

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State Street denies report of deal with Credit Suisse – Bloomberg News

(Reuters) – State Street Corp is not seeking any acquisition or business combination with Swiss lender Credit Suisse Group AG, Bloomberg News reported on Thursday, citing an emailed company statement. State Street did not immediately respond to a Reuters request for comment. Credit Suisse Chief Executive Thomas Gottstein earlier in the day called queries over …

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Spain vows to defend its interests after Algeria halts all non-gas trade

By Belén Carreño and Inti Landauro MADRID (Reuters) -Spain said it will firmly defend its national interests following Algeria’s decision to suspend a 20-year-old treaty of friendship and cooperation and ban all non-gas trade, a move that also alarmed EU officials. Spain was also monitoring gas flows from Algeria, its second-largest supplier after the United …

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