By David Lawder WASHINGTON (Reuters) – The International Monetary Fund managing director Kristalina Georgieva proposed on Thursday that Dan Katz, U.S. Treasury Secretary Scott Bessent’s chief of staff and point person on China, be appointed to fill the fund’s No. 2 post, the IMF said in a statement. The move places a key Trump administration …
IMF names Bessent’s chief of staff Katz to No. 2 post Read More »
LONDON (Reuters) -Workers for industrial group Altrad at the Shell Bacton Gas terminal on Britain’s North Sea coast have voted in favour of strike action in a bid to get Altrad to raise pay, the GMB union said on Thursday. Bacton Gas Plant handles up to a third of Britain’s gas supply fed by North …
Workers at key UK gas plant Shell Bacton vote for strike in pay dispute Read More »
By John Revill and Helen Reid (Reuters) -Nestle’s new chairman Pablo Isla, who helped to turn Zara owner Inditex into a world-leading fast-fashion retailer, can use his expertise in logistics, e-commerce, and consumer trends to try to revitalise the Swiss food company. His jump from dresses and jeans to coffee and KitKats does not seem …
Nestle’s new chairman Isla brings Zara magic to Nescafe maker’s turnaround Read More »
(Reuters) – Nvidia said on Thursday it will invest $5 billion in Intel, throwing its heft behind the struggling U.S. chip foundry weeks after the White House engineered a deal for the U.S. government to take a massive stake in the company. Nvidia’s support represents a new opening for Intel after years of turnaround efforts …
CHEQUERS, England (Reuters) -U.S. President Donald Trump said on Thursday artificial intelligence was taking over the world and he hoped tech bosses know what they were doing, because he didn’t. Trump and British Prime Minister Keir Starmer hosted business and tech leaders including chipmaker Nvidia’s CEO Jensen Huang as part of the president’s second state …
‘Taking over the world’: Trump says he hopes AI bosses know what they’re doing Read More »
By Gianluca Semeraro MILAN (Reuters) – Alberto Nagel, the long-serving head of Mediobanca, resigned alongside the board on Thursday after losing a battle to fend off a takeover by Monte dei Paschi di Siena, one of the deals that are redrawing the map of Italy’s banking sector. The state-backed Tuscan lender this month secured more …
Mediobanca’s CEO Nagel and board resign after MPS takeover Read More »
By Jaspreet Kalra, Naomi Rovnick and Canan Sevgili MUMBAI/LONDON (Reuters) – The pound slipped and gilt yields rose on Thursday, reversing course after having offered a muted reaction after the Bank of England kept rates unchanged and slowed the pace of its government bond holding reductions. Analysts said the shift appeared to stem more from …
Pound and gilts fall after shrugging off BoE balancing act Read More »
MOSCOW (Reuters) -President Vladimir Putin said on Thursday that Russia is deliberately slowing its economic growth in order to suppress inflation. “As for the decline from more than 4% GDP growth: this is not a decline, it is a deliberate action. It is a slowdown in growth in exchange for curbing inflation and maintaining macroeconomic …
Putin says Russia is curbing economic growth to control inflation, recession ‘far away’ Read More »
-The Netherlands’ consumer protection regulator has launched an investigation into pricing practices at Dutch supermarkets, it said on Thursday, after reports that groceries in the country are more expensive than in its neighbours. Dutch consumer organisation Consumentenbond said earlier this year its research had shown German supermarkets on average were around 15% cheaper than Dutch …
Dutch market regulator to probe grocery pricing in supermarkets Read More »
By Daina Beth Solomon and Fabian Cambero SANTIAGO (Reuters) -The proposed Anglo American-Teck merger has revived long-standing ambitions to share infrastructure at two major mines in northern Chile, but analysts say the plan could face hurdles to gain buy-in from Swiss miner and trader Glencore. Glencore is an equal partner with London-listed Anglo at Collahuasi, …
Analysis-Anglo-Teck merger to unlock Chile mine synergies, if Glencore signs off Read More »
