(Reuters) – Apple is planning its biggest product launch event of the year on Sept. 10, during which it will unveil the latest iPhones, watches and AirPods, Bloomberg News reported on Friday, citing people familiar with the situation. The company is making preparations for that date, even though the timing has not yet been announced, …
ZURICH (Reuters) – Nestle must invest in its brands and innovations to increase the food-maker’s market share and grow its organic sales, incoming Chief Executive Laurent Freixe said in an interview published on Friday. “To achieve market share gains and organic growth, we need to invest in our business,” Freixe told Swiss newspaper Finanz und …
Nestle needs to invest to grow, incoming CEO tells Swiss newspaper Read More »
(Reuters) – Meta CEO Mark Zuckerberg and Spotify CEO Daniel Ek have critisised European regulations surrounding open-source artificial intelligence, saying the continent risks falling behind because of complex rules. Europe, which “has more open-source developers than America”, is well placed to make the most of the open-source AI wave, the CEOs said in a joint …
Meta, Spotify CEOs take aim at European AI regulations Read More »
By Khushi Singh and Purvi Agarwal (Reuters) -The UK’s benchmark FTSE 100 edged higher on Friday as markets globally cheered U.S. Federal Reserve Chair Jerome Powell’s nod to initiate rate cuts at the Jackson Hole economic symposium. The blue-chip FTSE 100 index was up 0.5%, but logged in weekly declines. The mid-cap FTSE 250 added …
By Emma-Victoria Farr and Markus Wacket FRANKFURT (Reuters) – Deutsche Bahn’s logistics unit Schenker has collected final bids from a consortium led by CVC Capital Partners and Danish transport firm DSV that value the business at around 14 billion euros ($15.57 billion), two people familiar with the matter told Reuters. The CVC consortium also submitted …
CVC, DSV submit final bids around $15.6bln for Deutsche Bahn’s Schenker, sources say Read More »
By Pranav Kashyap (Reuters) -European shares were largely flat on Friday, navigating through mildly turbulent trading, as investors were cautious ahead of Federal Reserve Chair Jerome Powell’s eagerly-awaited speech later in the day. The pan-European STOXX 600 index rose 0.1% to 516.37 at 0820 GMT. ALL EYES ON POWELL’S SPEECH The “fear gauge” Euro STOXX …
Europe shares tepid on last-minute jitters ahead of Powell’s speech Read More »
By Aby Jose Koilparambil and Iain Withers LONDON (Reuters) -Direct Line lowered its end-2023 solvency capital ratio on Friday citing a previous miscalculation, sending shares in the British home and motor insurer down 3% in early trade. Direct Line said its solvency capital ratio, a measure of its financial strength, had been recalculated as 188% …
Direct Line lowers key capital ratio after miscalculation, shares drop Read More »
BERLIN (Reuters) – Euro zone consumers’ inflation expectations over the next 12 months remained steady for the third month in a row in July, a European Central Bank survey showed on Friday. The ECB’s Consumer Expectations Survey is one input that central bankers from the euro zone’s 20 countries use to gauge whether the public …
Euro zone consumers’ inflation expectations hold steady, ECB survey shows Read More »
By John Revill ZURICH (Reuters) -Nestle shares tumbled early on Friday following the abrupt departure of CEO Mark Schneider from the world’s biggest foodmaker and his replacement by company veteran Laurent Freixe. Schneider’s surprise exit was announced late on Thursday following a board meeting that put an end to the near eight-year tenure of the …
Nestle shares tumble following abrupt departure of CEO Read More »
By Catarina Demony and Radhika Anilkumar (Reuters) – British energy regulator Ofgem on Friday raised its price cap on household energy bills by 10% from Oct. 1 to an annual level of 1,717 pounds ($2,250.64), a jump blamed on severe weather events and conflicts such as the war in Ukraine. “Ultimately the price rise we …
Extreme weather and geopolitics to send UK energy bills up 10% Read More »
