STOCKHOLM (Reuters) -Swedish streaming group Viaplay Group said on Thursday it had agreed to buy the remaining 50% stake in Allente Group from Norway’s Telenor for 1.1 billion Swedish crowns ($113 million). Viaplay said in a statement it would finance the deal, which would make it the sole owner of the provider of broadband and …
Viaplay buys remaining stake in Allente from Telenor Read More »
By Leo Marchandon and Noemie Naudin (Reuters) -French advertising firm Publicis on Thursday raised its full-year organic growth forecast following stronger-than-expected second-quarter results, as CEO Arthur Sadoun dismissed concerns over Meta’s AI-powered ad creation system. “When Meta comes along and says that they can do everything themselves, I think that they are completely underestimating the …
Publicis’ CEO dismisses Meta threat, raises yearly growth guidance Read More »
By Iain Withers, Tom Sims and John O’Donnell LONDON/FRANKFURT (Reuters) -Europe’s commercial real estate market is defying expectations of a recovery as investor caution pins property sales to near-decade lows. Some investors and banks, recognising that the outlook remains weak, are even beginning to step in to offload or restructure distressed assets, one executive said, …
European real estate stuck in ‘zombieland’ as recovery proves elusive Read More »
A look at the day ahead in European and global markets from Rae Wee The markets were in a calm but sombre mood on Thursday after a dramatic session on Wall Street driven by renewed uncertainty over the tenure of Federal Reserve Chair Jerome Powell. U.S. President Donald Trump soothed investors’ nerves a bit by …
Morning Bid: Markets stoic over Powell’s shifting fate Read More »
By Gabriel Araujo SAO PAULO (Reuters) -Nestle announced on Thursday environmental restoration projects in partnership with reforestation startup re.green and chocolatier Barry Callebaut in Brazil, seeking to plant millions of trees in areas where it sources key ingredients. WHY IT’S IMPORTANT The initiative is part of a wave of corporate investments scaling up Brazil’s reforestation …
Nestle, Barry Callebaut, re.green to restore areas in Brazil’s cocoa, coffee regions Read More »
(Reuters) -OpenAI has included Alphabet’s Google Cloud among its suppliers to meet escalating demands for computing capacity, according to an updated list published on the ChatGPT maker’s website. The artificial-intelligence giant also relies on services from Microsoft, Oracle, and CoreWeave. The deal with Google, finalized in May after months of discussions, was first reported by …
OpenAI lists Google as cloud partner amid growing demand for computing capacity Read More »
(Reuters) -British thread manufacturer Coats Group said on Wednesday it would buy U.S.-based footwear insole maker OrthoLite for $770 million, including debt. The deal is expected to deliver $20 million in annual savings by 2028, Coats said. OrthoLite holds a 36% share of the global open-cell foam insole market, supplying more than 500 million pairs …
UK’s Coats Group to buy footwear insole maker OrthoLite for $770 million Read More »
By Sarah Young WARTON, England (Reuters) -BAE Systems said on Wednesday it was developing a new weaponised drone, aiming to offer military customers a lower-cost option for countering unmanned aircraft that have come to dominate the battlefield in Ukraine. Britain’s BAE launched its solution to the threat from kamikaze attack drones, which explode when they …
BAE Systems develops weaponised drone to counter unmanned threat Read More »
By Jun Yuan Yong SINGAPORE (Reuters) -The International Air Transport Association on Wednesday stepped up criticism of the European Union’s sustainable aviation fuel mandate as a costly initiative that is not helping the environment as regional supplies there remain low. “The idea that you’re buying sustainable fuel and then transporting it to use in Europe …
EU’s ‘green’ fuel mandate costly and not helping environment, IATA says Read More »
(Reuters) -KKR is considering a potential buyout of Italian health-care technology firm GPI SpA, as the U.S. investment firm scouts for takeover targets amid the recent market volatility, Bloomberg News reported on Wednesday. KKR has been in talks with advisers in recent weeks as it considers a potential deal to take Trento-based GPI private, the …
KKR mulls acquisition of healthcare technology firm GPI, Bloomberg News reports Read More »
