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Global financial crime watchdog calls for action on crypto risks

27 Jun 2025

By Elizabeth Howcroft PARIS (Reuters) -The Financial Action Task Force (FATF), a global financial crime watchdog, on Thursday called on countries to take stronger action to combat illicit finance in crypto assets, warning that gaps in regulation could have global repercussions. The Paris-based watchdog said that while progress has been made since 2024 in regulating …

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Microsoft’s next-gen AI chip production delayed to 2026, The Information reports

27 Jun 2025

(Reuters) -Microsoft’s next-generation Maia AI chip is facing a delay of at least six months, pushing its mass production to 2026 from 2025, The Information reported on Friday, citing three people involved in the effort. When the chip, code-named Braga, goes into production, it is expected to fall well short of the performance of Nvidia’s …

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German industrial top brass to hold talks with EU chief on sector challenges

27 Jun 2025

FRANKFURT (Reuters) -Germany will send some of its top industrial CEOs to Brussels next week to hold talks with EU chief Ursula von der Leyen on how to preserve the sector’s competitiveness in light of trade wars and high energy costs. Spearheaded by Hendrik Wuest, the state premier of North Rhine-Westphalia, the meeting will be …

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TotalEnergies buys 25% stake in offshore Suriname to expand $10.5 billion development

27 Jun 2025

By America Hernandez PARIS -TotalEnergies has acquired a 25% stake in Block 53 offshore Suriname from Spanish company Moeve, it said on Friday without giving financial details. The purchase expands Total’s position in one of the world’s top exploration hotspots, where the French firm is already the first mover among oil majors. Block 53 is …

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UK marketing firm Next 15 in talks to sell select brands, shares rise

27 Jun 2025

(Reuters) -Embattled consultancy and marketing group Next 15 said on Friday it is in early discussions regarding a potential sale of some of its brands, capping a tumultuous week in which it warned about its profit and disclosed issues at a unit. The British company, whose brands include elvis, Outcast and Shopper Media Group, did …

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EU approves Italian energy scheme to support power-intensive industries

27 Jun 2025

MILAN (Reuters) -The European Commission has approved an Italian government scheme supporting power-intensive industries and the country’s green transition, Italy’s energy minister said on Friday. The Commission deemed the initiative, named “Energy Release 2.0”, compatible with European Union internal market rules and state aid regulations, Gilberto Pichetto Fratin said in a statement. The scheme will …

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Germany considers law reform to block Russian-owned Nord Stream takeover

27 Jun 2025

BERLIN (Reuters) -Germany is considering changing its foreign trade law to prevent the company running the Nord Stream 2 pipelines from being taken over, a document showed on Friday, as part of Berlin’s efforts to prevent any resumption of Russian gas imports. For decades Germany relied on cheap Russian gas, but since the outbreak of …

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Maersk resumes Haifa port calls

27 Jun 2025

COPENHAGEN (Reuters) -Shipping company Maersk said on Friday it had decided to resume vessel calls at Israel’s Haifa port. “With the prospect of current cease-fire agreement bringing de-escalation to the conflict, we have decided to resume vessel calls to the Port of Haifa, and acceptance for both import and export cargo is now open,” Maersk …

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Exclusive-Beijing ties cognac deal to EV tariff talks with Europe

27 Jun 2025

By Tassilo Hummel and Julia Payne PARIS/BRUSSELS (Reuters) -France’s cognac makers have reached a tentative deal on minimum import prices for the Chinese market, but China will finalise it only if progress is made in a separate row over EU tariffs on Chinese-made EVs, five sources familiar with the matter said. Talks between the two sides …

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Dutch watchdog clears DPG’s acquisition of RTL Nederland

27 Jun 2025

AMSTERDAM (Reuters) -Dutch competition watchdog ACM said on Friday it had cleared RTL Group’s sale of its Dutch subsidiary RTL Nederland to Belgium-based DPG Media, under conditions meant to protect the independence of involved news media. RTL announced the 1.1 billion euro ($1.29 billion) deal in December 2023, nearly a year after its plan to …

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