By Elisa Anzolin MILAN (Reuters) -Italian luxury company Brunello Cucinelli reaffirmed on Wednesday that it operated in Russia in full compliance with European Union regulations, as it posted a 12% increase in revenues in the third quarter, to 336 million euros ($394 million). Shares in the cashmere group have been under pressure after a short-seller …
By Oliver Griffin DOMINGOS MARTINS, Brazil (Reuters) -Brazil’s coffee sector is going through a stinky time amid punitive U.S. tariffs but a specialty coffee that passes through the digestive tract of the exotic Jacu bird is emerging from the muck-flinging without undue distress. U.S. President Donald Trump imposed a 50% tariff on Brazilian goods in …
Brazil’s Jacu bird poo-poos US tariffs as specialty coffee sector suffers Read More »
LONDON (Reuters) -Five former Deutsche Bank employees are suing their ex-employer, according to court filings published in London on Wednesday. The five were among a group of bankers at Deutsche who were convicted in 2019, and then acquitted in 2022, over derivative deals that Italian prosecutors said helped Italian bank Monte dei Paschi hide losses …
Five former Deutsche Bank employees sue German lender in London Read More »
By Stephen Nellis and Max A. Cherney SAN FRANCISCO (Reuters) -Qualcomm has shifted its flagship chips to the latest generation of Arm Holdings’ computing architecture with new features aimed at better AI performance, sources familiar with the matter said, a move that could boost Arm’s revenues and help Qualcomm’s chips compete against offerings from MediaTek …
SANTIAGO (Reuters) -Mining operations at Glencore’s Lomas Bayas copper mine in Chile are continuing as usual as emergency teams work to put out a fire which broke out in a waste yard, the unit said on Wednesday. The fire, which started around midday on Tuesday, has weakened in recent hours and remains contained to the …
Glencore’s Lomas Bayas mine operating as usual as waste yard fire weakens Read More »
(Reuters) -Microsoft Chief Commercial Officer Judson Althoff will take on an expanded role as CEO of commercial business, freeing up company chief Satya Nadella to focus more on the technical side of the business in the tech giant’s quest to dominate the AI race. Althoff will lead what Microsoft CEO Nadella called a new organization, …
Microsoft names CEO to run commercial business, Nadella to focus on tech Read More »
By Shadia Nasralla and Stephanie Kelly LONDON (Reuters) -New BP Chair Albert Manifold told employees on Tuesday that the group’s portfolio was “overly complex” and it needed to execute its strategy of shifting focus back to oil and gas faster, according to an internal memo seen by Reuters. Manifold took the helm of BP’s board …
New BP Chair Manifold urges faster oil and gas strategy shift Read More »
By Virginia Furness and Kate Abnett LONDON (Reuters) -Investors representing more than 4.5 trillion euros ($5.3 trillion) of assets have urged the EU not to water-down its methane emissions law amid concerns the rules may be weakened to ease U.S. LNG imports, according to a letter seen by Reuters. Money managers including Ninety One, Pictet …
Investors urge EU to uphold methane rules despite US pressure Read More »
By Echo Wang (Reuters) -Dataiku, an artificial intelligence data analytics startup, has hired investment banks to push ahead with an initial public offering, according to people familiar with the matter. The New York-based company has hired Morgan Stanley, Citigroup and other banks to take it public, according to two people familiar with the matter. Dataiku …
Exclusive-AI data analytics startup Dataiku picked banks for US IPO, sources say Read More »
(Reuters) -London’s FTSE 100 closed at another record high on Wednesday, propelled by gains in the healthcare sector, while investors navigated the uncertainties stemming from the U.S. government shutdown. The blue-chip index rose 1.03% to 9446.43 points, surpassing its previous record-breaking close posted a day earlier. Healthcare emerged as the standout performer on the day, …
London’s FTSE 100 closes at new record, powered by healthcare Read More »
