By Tommy Reggiori Wilkes LONDON (Reuters) -Britain’s finance ministry said on Wednesday it had hired Bank of America executive Jim O’Neil as a senior official as part of its efforts to boost weak economic growth. O’Neil, one of Bank of America’s top bankers in the region as its head of corporate and investment banking in …
UK hires Bank of America executive O’Neil in bid to revive growth Read More »
By Libby George and Karin Strohecker LONDON (Reuters) -Ukrainian Finance Minister Serhii Marchenko said there is a “financial gap” in the country’s budget for next year, but that Ukraine is stronger than it was a year ago and capable of continuing to defend itself. Marchenko also said the minerals deal recently signed with the United …
Ukraine finance minister says country strong despite ‘financial gap’ Read More »
By Foo Yun Chee BRUSSELS (Reuters) – Austrian advocacy group NOYB will seek an injunction against Meta Platforms, it said on Wednesday, that could lead to substantial claims if the tech giant goes ahead with plans to use Europeans’ personal data to train its AI models. NOYB, or none of your business, led by privacy …
Advocacy group threatens Meta with injunction over data-use for AI training Read More »
By Alex Lawler LONDON (Reuters) -OPEC on Wednesday trimmed its forecast for growth in oil supply from the United States and other producers outside the wider OPEC+ group this year and said it expected lower capital spending following a decline in oil prices. Supply from countries outside the Declaration of Cooperation – the formal name …
OPEC expects slower 2025 oil supply growth from rivals after price drop Read More »
By Kate Abnett BRUSSELS (Reuters) -The European Commission proposed weakening more of the environmental conditions tied to the EU’s huge farming subsidy programme on Wednesday, as part of plans to cut back regulations and paperwork for farmers. Farmers across Europe wielded their political clout last year during months of protests over issues including strict EU …
EU proposes curbing more green rules on farming subsidies Read More »
By Sinead Cruise and Yadarisa Shabong LONDON (Reuters) -Aviva’s bid to become Britain’s largest home and motor insurer via a 3.7 billion pound ($4.92 billion) planned takeover of smaller rival Direct Line suffered a potential setback on Wednesday, after Britain’s antitrust watchdog said it would review the deal. The Competition and Markets Authority (CMA) said …
Aviva’s $4.9 billion Direct Line deal faces UK competition probe Read More »
ZURICH (Reuters) -A top Swiss court has ruled that the Swiss government’s reductions and cancellations of bonus payments to former executives of Credit Suisse after the bank failed in 2023 were unlawful, according to the ruling published late on Tuesday. The bonus measures affected around 1,000 people, some of whom challenged the decision with Switzerland’s …
Swiss court rules Credit Suisse bonus cuts were unlawful Read More »
(Reuters) -Thames Water, Britain’s embattled water supplier, said on Wednesday 98.78% of creditors voted in favour of the second consent request for its debt restructuring proposals. The company will now commence the drawing process for the second tranche of super senior funding, it said. Thames Water has been battling against a financial collapse since last …
UK’s Thames Water receives majority approval for debt restructuring proposals Read More »
By Maggie Fick LONDON (Reuters) -European governments are examining whether U.S. President Donald Trump can force them to pay more for prescription medicines, after he issued an executive order to lower U.S. drug prices, roiling the global pharmaceutical industry. On Monday, Trump took aim at governments paying a fraction of what Americans have to shell …
European governments scramble to interpret Trump’s new drug pricing order Read More »
(Reuters) – GSK will buy efimosfermin, a liver disease drug in late-stage trials, for up to $2 billion from U.S. biotechnology firm Boston Pharmaceuticals, the British drugmaker said on Wednesday. Efimosfermin, a monthly subcutaneous injection, is a phase III ready medicine expected to be launched in 2029 to treat steatotic liver disease (SLD). It is …
GSK to buy liver disease drug for up to $2 billion Read More »
