By Balazs Koranyi TALLINN (Reuters) -Euro zone inflation is falling as predicted, easing the risk that further rate cuts would derail disinflation, but the European Central Bank must become increasingly cautious as rates go lower, ECB board member Isabel Schnabel said on Friday. The ECB is widely expected to cut interest rates again next month …
ECB’s Schnabel keeps door open to further rate cuts Read More »
(Reuters) – BHP Group is continuing to push ahead with the expansion of its copper smelter and refinery at Olympic Dam in South Australia, as global miners ramp up their efforts around the key metal for greener energy transition. The world’s largest miner on Friday said the government of South Australia has begun an application …
BHP moves ahead with expansion of South Australia’s Olympic Dam copper refinery Read More »
By Deborah Mary Sophia, Noel Randewich and Saqib Iqbal Ahmed (Reuters) -Nvidia shares dropped more than 6% on Thursday after its forecast fell short of lofty expectations, though some believe the modest sell-off showed investors still remain confident in the generative AI boom that has powered the chip giant’s stock higher all year. The company …
Nvidia’s rally takes a break after forecasts fall short of investor expectations Read More »
By Gabriel Stargardter and Ingrid Melander PARIS (Reuters) -Telegram boss Pavel Durov’s lawyer said on Thursday it was “absurd” to suggest he should be held responsible for any crimes committed on the app, amid growing frictions between governments and tech titans over content on their platforms. France’s arrest of Durov – a first for a …
Pavel Durov’s lawyer says the case against Telegram boss is ‘absurd’ Read More »
By Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF (Reuters) -The chairman and CEO of Thyssenkrupp’s steel division have decided to step down amid a deepening conflict with its ailing German parent company over the future of the business. The move, along with the resignation of five other members of the management and supervisory board of Thyssenkrupp …
Thyssenkrupp’s crisis deepens as steel unit’s leadership steps down Read More »
BERLIN (Reuters) – German pilots’ union VC has extended a strike at Lufthansa’s leisure airline Discover on flights from Germany to six days, ending one minute before midnight on September 1, the union said on Thursday. The strike was announced last week amid a wage dispute between the airline and the unions which have already …
Strike at Lufthansa’s leisure airline Discover extended to Sept 1 Read More »
(Reuters) – Global paper producer Smurfit Westrock has been awarded a $469 million arbitration ruling against Venezuela by the World Bank’s International Centre for Settlement of Investment Disputes (ICSID), the company and the tribunal said. The decision grants the Dublin-based company compensation for the 2018 seizure of its assets in Venezuela in excess of $468.7 …
Smurfit awarded $469 million against Venezuela by arbitration tribunal Read More »
By Tom Hals WILMINGTON, Delaware (Reuters) – The lawyers who sued successfully to void Tesla CEO Elon Musk’s $56 billion pay package are seeking a record $6 billion in fees, and the judge who will decide the amount got some unsolicited guidance this month from the state’s top court: Do not give windfalls. Chancellor Kathaleen …
Analysis-‘Windfall’ fees now less likely for lawyers who sued to cut Musk’s Tesla pay Read More »
BELGRADE (Reuters) – Serbia on Thursday signed a landmark agreement with France’s Dassault Aviation for the purchase of an undisclosed number of Rafale fighter jets. The agreement, signed by Serbia’s defense Minister Bratislav Gasic and Dassault Aviation CEO Eric Trappier, also includes the purchase of “accompanying equipment and services,” an announcement said. (Reporting by Aleksandar …
Serbia, France’s Dassault Aviation sign agreement on purchase of Rafale fighter jets Read More »
(Reuters) – Unieuro’s board of directors failed to agree on the price of a takeover bid from Fnac Darty and Ruby Equity Investment, the Italian consumer electronics retailer said on Thursday. The offer, for 9 euros in cash and 0.1 newly issued ordinary Fnac Darty share for each Unieuro share, was considered fair by only …
Unieuro’s board disputes price of takeover bid from Fnac Darty Read More »
