(Reuters) -Britain’s Vodafone Group named Microsoft’s Pilar Lopez as its new finance chief on Thursday to succeed Luka Mucic, who is leaving the group at the end of November this year. Lopez’s formal appointment as chief financial officer will start on December 1, 2025, the company said. Lopez joins from Microsoft, where she has served several …
UK’s Vodafone names Microsoft’s Lopez as new finance chief Read More »
(Reuters) -Billionaire Mike Ashley’s Frasers Group said on Thursday it will not make an offer for struggling British cosmetics group Revolution Beauty. Frasers earlier this month said it was considering an all-cash bid for Revolution, which put itself up for sale in May after months of languishing sales. The cosmetics seller has a market valuation …
Mike Ashley’s Frasers pulls out of Revolution Beauty bid Read More »
NEW YORK (Reuters) -A cautious Federal Reserve has put a damper on hopes for interest rate cuts, leaving investors on edge as they navigate a murky mix of geopolitical tensions, inflation risks, and looming growth drag from U.S. President Donald Trump’s tariffs. The Fed on Wednesday kept the benchmark interest rate unchanged, as expected. While …
Fed treads carefully, leaving markets anxious about tariff risks Read More »
A look at the day ahead in European and global markets from Johann M Cherian Speculation over potential U.S. intervention in the Middle East has grabbed the market’s attention this week, rattling investors who were otherwise focused on a series of central bank meetings that are expected to give outlooks on growth and inflation. President …
Morning Bid: Geopolitics, rate decisions keep markets cautious Read More »
(Reuters) -The asset management arm of Swiss bank UBS said on Thursday it has appointed Desmond Ng as its Asia-Pacific head, effective October 1. Ng, who has nearly three decades of asset management experience, joins UBS from Allianz Global Investors, where he was the head of Asia Pacific. Ng has previously held senior roles at …
UBS taps Allianz GI Asia head Desmond Ng to lead Asia-Pacific asset management unit Read More »
By Kathleen Benoza and John Geddie TOKYO (Reuters) -Shell CEO Wael Sawan said on Thursday the oil and gas major was being “very careful” with its shipping through the Middle East given the escalating conflict between Israel and Iran. The Iran-Israel air war entered a seventh day on Thursday with President Donald Trump keeping the …
Shell is being ‘very careful’ with shipping in the Middle East, CEO says Read More »
(Reuters) -Eli Lilly said on Thursday it would appeal against a UK agency’s recommendation to not reimburse the cost of Alzheimer’s drug Kisunla, blocking access for patients seeking treatment under the country’s state-run health service. The U.S.-based drugmaker plans to appeal on the grounds that the National Institute for Health and Care Excellence’s (NICE) recommendation …
Lilly to appeal after UK agency opposes reimbursement for Alzheimer’s drug Read More »
By Stephen Nellis SAN FRANCISCO (Reuters) -Apple is interested in tapping generative artificial intelligence to help speed up the design of the custom chips at the heart of its devices, its top hardware technology executive said in private remarks last month. Johny Srouji, Apple’s senior vice president of hardware technologies, made the remarks in a …
Apple eyes using AI to design its chips, technology executive says Read More »
By Suban Abdulla LONDON (Reuters) -Britain’s central bank looks set to keep interest rates on hold on Thursday as it waits to see if the economy and inflation continue to weaken, or whether the country will be hit by an energy price shock from the Israel-Iran conflict. British inflation cooled slightly in May after jumping …
Bank of England to keep rates on hold with Middle East conflict in spotlight Read More »
By Forrest Crellin PARIS (Reuters) -Europe’s leading data centre hubs face a major shift as developers will go wherever connection times are shortest, unless there is more proactive electricity grid planning, a report on Thursday by energy think-tank Ember showed. Data centre buildout has exploded in recent years as tech companies race to put together …
Poor grid planning could shift Europe’s data centre geography, report says Read More »
