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By Tom Balmforth KYIV (Reuters) – Ukraine will ask the EU next week to consider big new steps to isolate Moscow, including seizing Russian assets and bringing in sanctions for some buyers of Russian oil, as U.S. President Donald Trump has backed off from tightening sanctions. A previously unreported Ukrainian white paper to be presented …

Exclusive-Ukraine pitches tougher Russia sanctions plan to EU as US wavers Read More »

By Valentina Za, Giuseppe Fonte and Andrea Mandala MILAN (Reuters) -Italian market regulator Consob said it had granted UniCredit the 30-day suspension of its buyout bid for Banco BPM the bank had sought in response to conditions the government has imposed on the offer. Shortly before the start of the offer tender period, Italy’s government …

UniCredit secures 30-day freezing of Banco BPM bid to challenge Rome’s demands Read More »

BRUSSELS (Reuters) -Luxembourg flag carrier Luxair said on Wednesday it had filed a legal challenge before the General Court of the European Union against the European Commission’s approval of the merger between Lufthansa and ITA. Luxair said it has no objection to the merger itself but said that as part of the remedies offered by …

Luxair challenges EU approval of Lufthansa-ITA merger Read More »

PARIS (Reuters) -The European Union must soften its stance toward U.S. President Donald Trump’s trade demands and negotiate a deal to avoid tariffs and protect European jobs, LVMH CEO and Chairman Bernard Arnault said on Wednesday.  Talks between Brussels and Washington should be handled “with the aim to succeed and therefore with reciprocal concessions,” Arnault …

Europe must make concessions to Trump in trade talks, LVMH’s Arnault says Read More »

(Reuters) -Microsoft said on Wednesday its Digital Crimes Unit (DCU) filed a legal action against Lumma Stealer last week, after it found nearly 400,000 Windows computers globally infected by the information-stealing malware in the past two months. Lumma is capable of stealing data from various browsers and applications, such as cryptocurrency wallets, and installing other …

Microsoft files legal action against information-stealing malware Lumma Stealer Read More »

By Andreas Rinke and Matthias Williams BERLIN (Reuters) -German Chancellor Friedrich Merz on Wednesday called for the European Union’s supply chain audit law to be scrapped, though his coalition government’s spokesperson said Berlin wanted to “slim down” the legislation but not abolish it. Some European leaders worry that the law, which requires larger companies to …

Germany’s Merz: EU should ‘ideally’ scrap supply chain law Read More »

DUBAI (Reuters) -The United Arab Emirates launched a new Arabic language artificial intelligence (AI) model on Wednesday as the regional race to develop AI technologies accelerates in the Gulf. The UAE, a major oil exporter, has been spending billions of dollars in a push to become a global AI player, looking to leverage its strong …

UAE launches Arabic language AI model as Gulf race gathers pace Read More »

By Twesha Dikshit and Ragini Mathur (Reuters) -Britain’s blue-chip index closed flat on Wednesday, while mid-caps registered losses, as investors assessed the country’s hotter-than-expected inflation data and a mixed bag of corporate earnings. Britain suffered a bigger-than-expected inflation surge in April, prompting investors to bet on the Bank of England slowing its already gradual pace …

British stocks mixed as investors assess inflation data, corporate earnings Read More »