(Reuters) -UK’s Adriatic Metals said on Tuesday it was in talks with Canadian peer Dundee Precious Metals regarding a possible takeover. Sky News, which first reported about the potential talks earlier in the day, said a deal could value the British firm at about 700 million pounds ($935.3 million), citing bankers. Adriatic Metals said it …
UK’s Adriatic Metals in takeover talks with Dundee Precious Metals Read More »
BRUSSELS (Reuters) -The European Union will donate 5.5 million euros ($6.2 million) to support Radio Free Europe following a freeze on U.S. federal grants to the media outlet by the Trump administration, EU foreign policy chief Kaja Kallas said on Tuesday. WHY IT MATTERS The financial pledge comes after Trump ordered the termination of grants …
EU to give Radio Free Europe 5.5 million euros after Trump funding freeze Read More »
ZURICH (Reuters) -Swiss bank Julius Baer said on Tuesday that a review of its credit portfolio had saddled it with a net charge of 130 million Swiss francs ($156.36 million), and that it was replacing its chief risk officer. The financial hit to the Zurich-based lender follows losses of 586 million Swiss francs ($705.43 million) …
Julius Baer flags $156 million credit charge in fresh setback Read More »
By Andreas Rinke, Sarah Marsh and Kate Abnett BERLIN/BRUSSELS (Reuters) -The leaders of France and Germany have called on the European Union to scrap its new supply chain audit law, worried that it could hurt the bloc’s ability to compete economically with the U.S. and China. French President Emmanuel Macron said on Monday the law, …
French, German leaders call on EU to scrap supply chain audit law Read More »
By Stephen Nellis SAN FRANCISCO (Reuters) -German chipmaker Infineon said on Tuesday it will work with Nvidia on developing chips for new power delivery systems inside artificial intelligence data centers. Infineon said it will work with Nvidia to develop high-voltage, direct current power delivery systems. In current data centers, most high-voltage power is distributed as alternating …
German chipmaker Infineon to work with Nvidia on power delivery chips Read More »
(Refiles to amend client identifier slug) By Julia Payne BRUSSELS (Reuters) -The EU adopted four sets of sanctions against Russia over the war in Ukraine on Tuesday, including a 17th package targeting Moscow’s shadow fleet, and measures related to chemical weapons, human rights and hybrid threats, the European Commission said on Tuesday. The EU and …
EU countries adopt four sets of new Russia sanctions Read More »
By Marleen Kaesebier and Javi West Larrañaga (Reuters) – The outlook for European corporate health has improved, the latest earnings forecasts showed on Tuesday. European companies are expected to report a rise of 2.3% in first-quarter earnings, on average, according to LSEG I/B/E/S data. That exceeds the 1.9% increase analysts had expected a week ago. …
European first-quarter corporate profits seen rising 2.3%, up from last week’s estimate Read More »
(Reuters) -Hungarian low-cost airline Wizz Air has received its first Airbus A321XLR jet, the plane maker said on Tuesday, becoming the world’s first carrier to operate the ultra-long-range aircraft powered by Pratt & Whitney’s (P&W) GTF engine. Wizz Air, which flies an all-Airbus fleet, has ordered 47 of the 239-seat, single-aisle A321XLR aircraft. P&W, owned …
Wizz Air becomes first airline to operate P&W-powered Airbus A321XLR jet Read More »
By Nichola Groom and Nora Buli LOS ANGELES/OSLO (Reuters) -The Trump administration has lifted a month-old stop-work order on Empire Wind, a $5 billion wind farm project off the coast of New York, in a compromise with the state that could also see cancelled plans for a gas pipeline revived, officials said on Tuesday. Norway’s …
US lifts ban on New York offshore wind project after natgas pipe compromise Read More »
MOSCOW (Reuters) -Customers of UniCredit’s Russian subsidiary will be unable to send U.S. dollars out of Russia after June 6, a note sent by the bank to its clients showed on Tuesday. Italy’s UniCredit is among only a handful of international banks that remained in Russia after Moscow despatched troops to Ukraine in February 2022, …
UniCredit’s Russian arm to halt outgoing dollar transfers after June 6 Read More »
