(Reuters) -Australian aerospace start-up Drone Forge has signed an agreement with Airbus Helicopters to purchase six Flexrotor uncrewed aerial systems (UAS) comprising 17 aircraft. This would be the largest such order for the Flexrotor to date, Drone Forge said in a statement on Wednesday. (Reporting by Jakob Van Calster; editing by Barbara Lewis)
FRANKFURT (Reuters) -Euro zone banks should watch out for a rise in bad loans, particularly when they lend to small businesses, consumers and commercial real estate in less desirable locations, European Central Bank supervisor Sharon Donnery said on Wednesday. The ECB has been warning about the risk of loans going unpaid since the pandemic and …
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(Reuters) -British consumer goods company PZ Cussons trimmed its profit expectations for the fiscal year ended May 2025 on Wednesday, citing softer performance of its self-tanning brand St. Tropez in the U.S. The company, which makes Imperial Leather soaps and Carex hand wash, has also agreed to sell its 50% stake in PZ Wilmar, its …
UK’s PZ Cussons cuts profit outlook, sells stake in PZ Wilmar joint venture Read More »
By Gleb Bryanski and Elena Fabrichnaya ST PETERSBURG (Reuters) -Russia’s largest lender, Sberbank, plans to unveil a version of its Gigachat large language model (LLM) with reasoning capabilities, First Deputy CEO Alexander Vedyakhin told Reuters in an interview. “In the near future, we will release a new model. Our GigaChat will have reasoning functions, meaning …
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By Gleb Bryanski and Elena Fabrichnaya ST PETERSBURG (Reuters) -The Russian economy could cool down excessively due to high interest rates and may face difficulties returning to a growth path, Alexander Vedyakhin, First Deputy CEO of Russia’s largest lender, Sberbank, said in an interview with Reuters. “There is a danger of the economy overcooling and …
MADRID (Reuters) -Blackstone’s gaming company Cirsa said on Wednesday it planned to raise as much as 460 million euros ($529.46 million) in an initial public offering of shares on the Madrid stock exchange this year. The company intends to sell up to 400 million euros in newly issued shares and an additional 60 million euros …
Blackstone-owned gambling company Cirsa plans IPO in Spain Read More »
LONDON (Reuters) -British online supermarket and technology firm Ocado has expanded its partnership with Spanish supermarket group Bon Preu with plans to build a robotic warehouse near Barcelona, it said on Wednesday. Ocado runs an online supermarket in Britain through a joint venture with Marks & Spencer, though its value is driven by the sale …
UK’s Ocado to build robotic warehouse for Spanish partner Bon Preu Read More »
By Joe Brock PARIS (Reuters) -U.S. drone-maker Anduril and German defence giant Rheinmetall said on Wednesday they will partner to build aerial drones for European markets, in a sign of Europe leveraging American technology to boost military capabilities. The companies will jointly-develop European variants of Anduril’s Barracuda and Fury aerial drones, as well as exploring …
Anduril, Rheinmetall partner to build military drones for Europe Read More »
By Stefano Rebaudo, Yoruk Bahceli and Dhara Ranasinghe LONDON (Reuters) -The premium investors demand to hold Greek bonds over Germany has fallen to its lowest since 2008, and Italy’s isn’t far off levels seen in 2010, a sign of improved fiscal dynamics in a region once at the heart of the euro debt crisis. Generally …
From outcast to star: euro periphery rally gains pace Read More »
LONDON (Reuters) -Britain’s National Electricity System Operator said on Wednesday it expects to have sufficient supplies this winter, giving an early outlook of the supply and demand balance for the season. The growth in battery storage capacity on the electricity network systems, more available gas-fired power generation, more renewable energy and the commissioning of the …
Britain will have enough energy supply this winter, grid operator says Read More »
