By Max A. Cherney SAN FRANCISCO (Reuters) -Nvidia CEO Jensen Huang on Wednesday dismissed concern about an end to a spending boom on artificial intelligence chips and said opportunities will expand into a multi-trillion-dollar market over the next five years. Despite Huang’s upbeat view on AI demand, shares of the chip designer clocked losses triggered …
Nvidia CEO says AI boom far from over after tepid sales forecast Read More »
By Yoruk Bahceli LONDON (Reuters) -BPCE, parent to French investment bank Natixis, sold Europe’s first bond focused on defence spending on Thursday, as the region steps up financing efforts to boost military spending. The five-year bond will raise 750 million euros ($878 million), Refinitiv capital markets news service IFR reported, having secured 2.8 billion euros …
Natixis-parent BPCE sells first European defence bond Read More »
By Joice Alves LONDON (Reuters) -Sterling edged up against a weakening dollar on Thursday as traders continued to worry about threats to the U.S. central bank’s independence. The pound was 0.17% higher on the day at $1.3502, and set for a 2.4% monthly rise against the dollar in September. The U.S. currency has been under …
Sterling rises against weakening dollar as traders focus on Fed/Trump Read More »
BRUSSELS (Reuters) -Boeing is seeking EU approval to buy back Spirit AeroSystems, the world’s largest standalone aerostructures company, documents on the European Commission website show. Boeing said in July last year that it had agreed to buy its former subsidiary for $4.7 billion in shares while Airbus would take on the supplier’s loss-making Europe-focused activities. …
LISBON (Reuters) -Portuguese airline TAP’s second-quarter net profit fell 42.5% from a year ago, with costs increasing much more than revenues as it faced fierce competition in its main markets and airport constraints at home, the flag carrier said on Thursday. TAP, which is being partially privatised, reported a net profit of 37.5 million euros …
Portuguese airline TAP’s profit slides, hit by competition and bottlenecks Read More »
HONG KONG (Reuters) -COSCO Shipping Ports is facing “challenges” with its international investments amid pressures from the U.S. trade war, its managing director said in Hong Kong on Thursday. Wu Yu told an earnings conference that while there were challenges from the United States, the state-owned global shipping and ports conglomerate was “very focused on …
COSCO facing ‘challenges’ with international investments amid US trade pressures Read More »
(Reuters) -Britain-based sportscar company Lotus said on Thursday it plans to reduce up to 550 roles across its business, months after denying reports of closure of a factory in eastern England. The company, which is majority owned by China’s Geely, said the restructuring plan followed a review of its business objectives in line with the …
Car maker Lotus to cut 550 jobs in UK amid global auto uncertainties Read More »
BERLIN (Reuters) -Uniper’s chief finance officer, Jutta Doenges, will leave the company at the end of her current contract in February 2026 at the latest, to take up a role as CFO at automotive business Aumovio, the companies said on Thursday. Doenges could leave earlier should a successor be appointed before the end of her …
Uniper CFO to leave firm by February 2026 for role at Aumovio Read More »
By James Davey LONDON (Reuters) -Asda, Britain’s third-largest supermarket group, said on Thursday that sales in its current quarter would be dented by disruption linked to the final phase of a major IT overhaul separating its systems from former owner Walmart. Walmart sold Asda to Zuber and Mohsin Issa and private equity firm TDR Capital …
UK’s Asda warns of sales hit from completion of Walmart IT separation Read More »
LONDON (Reuters) – The former head of the owner of British gambling firm Ladbrokes is among 11 people British prosecutors have charged with offences including bribery, the Crown Prosecution Service said on Thursday. Kenny Alexander, the former chief executive of GVC until his departure in July 2020, was charged with conspiracy to defraud and conspiracy …
Ladbrokes owner’s ex-CEO among 11 charged in UK over gambling services in Turkey Read More »
