(Reuters) -Companies are increasingly opting for a co-CEO structure as their operations become expansive, diverse and complicated. Notably, Oracle, Comcast and Spotify have recently appointed joint CEOs to oversee their business operations, reflecting the growing trend among high-profile firms to share top leadership roles. Below is a list of companies that have adopted such a …
VIENNA (Reuters) -A legal claim that could have triggered a penalty against Raiffeisen Bank International, the biggest Western bank in Russia, was withdrawn on Tuesday by a group of shareholders in an Austrian building company. Raiffeisen, which has a critical role for Russia in handling payments, had been threatened by a court ruling that would …
Austria’s Raiffeisen bolstered as Strabag Russian claim dropped Read More »
CHISINAU (Reuters) -Moldova’s gross domestic product grew by 1.1% year-on-year in the second quarter of 2025, the national statistics bureau said on Tuesday, citing preliminary data. GDP growth in the quarter was driven by expansion in the construction sector and also in the energy and the information technology and communication industries, it said in a …
Moldova’s economy grows by 1.1% in second quarter, boosted by construction Read More »
By Rashika Singh and Joel Jose (Reuters) -Citigroup has raised its forecast for AI-related infrastructure spending by tech giants to surpass $2.8 trillion through 2029, from $2.3 trillion estimated earlier, citing aggressive early investments by hyperscalers and growing enterprise appetite. The AI boom ignited by ChatGPT’s launch in late 2022 has continued to fuel staggering …
Citigroup forecasts Big Tech’s AI spending to cross $2.8 trillion by 2029 Read More »
By Tim Hepher PARIS (Reuters) -French companies are fine-tuning plans for stratospheric spy balloons and airships as competition heats up in the no man’s land between the atmosphere and outer space, tipped as the next potential zone of tensions between world powers. Stratobus, owned by Thales Alenia Space, and Hemeria, a small firm created in …
French firms to boost capacity to spy from the stratosphere Read More »
By Anjana Anil (Reuters) -Oil prices are expected to hold almost steady this year despite mounting supply from both OPEC+ and non-OPEC producers, with concerns about a potential glut tempered by uncertainty over Russian output, a Reuters poll showed on Tuesday. A survey of 32 economists and analysts conducted in September forecasts Brent crude will …
(Reuters) -Swiss sneaker brand On Holding said on Tuesday its chief operating officer, Sam Wenger, is stepping down at the end of the year after eight years in the role. Scott Maguire, currently chief innovation officer, will assume the expanded role of chief innovation and operations officer starting January 1, 2026, the Roger Federer-backed company …
On Holding COO Sam Wenger to step down, insider Scott Maguire to take over Read More »
By Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF (Reuters) -TKMS, the defence business that German conglomerate Thyssenkrupp aims to spin off this autumn, plans to raise its profit margin to more than 7% to close a gap with rivals, banking on soaring military demand amid fears of Russian aggression. TKMS, which makes submarines, frigates as well …
Warship maker TKMS forecasts higher margins as defence spending soars Read More »
By Elviira Luoma and Louise Rasmussen COPENHAGEN (Reuters) -Jewellery maker Pandora’s CEO Alexander Lacik will retire next March after nearly seven years in charge and be succeeded by marketing chief Berta de Pablos-Barbier, the company said on Tuesday in an earlier than expected move. Pandora’s share price fell 2% by 0931 GMT following the announcement …
Pandora CEO to retire in 2026, replaced by marketing chief Read More »
MEUDON, France (Reuters) -Stellantis <STLAM.MI> will temporarily halt production at its plant in Mulhouse, in northeastern France, from October 27 to November 2, a union and the carmaker said on Tuesday. The move will affect about 2,000 of the 4,700 employees who work at the plant, which makes two Peugeot models, the 308 and the …
Stellantis will temporarily halt production at French plant in Mulhouse Read More »
