MEXICO CITY (Reuters) -Mexican state oil company Pemex said on Monday that it responded in a timely manner to requests for information from Norway’s wealth fund, but the fund’s ethics watchdog maintained its recommendation to withdraw investments. Norway’s wealth fund, the world’s largest, sold all its fixed income investments in Pemex on Sunday citing what …
OSLO (Reuters) -Wage talks between Norwegian oil firms and two labour unions resulted in a deal on Tuesday, industry and union officials said. The Lederne union and Styrke both came to an agreement with companies, industry group Offshore Norway said, while a third union, Safe, will be encompassed by the settlement, averting the risk of …
LONDON (Reuters) -British shoppers overcame their worries about a global trade war and sharply increased their spending in April with Easter and sunny weather boosting sales of food, gardening equipment and clothing, data showed on Tuesday. Sales reported by members of the British Retail Consortium trade body jumped by 7.0% from April last year, helped …
UK shoppers celebrate Easter and the sunshine with a spending splurge Read More »
(Reuters) -Alphabet’s Google has been demonstrating to employees and outside developers an array of different products, including an AI agent for software development, ahead of its annual developer conference, The Information reported on Monday. The agent is intended to help software engineers navigate every stage of the software process, from responding to tasks to documenting …
By Foo Yun Chee BRUSSELS (Reuters) -EU antitrust regulators, who are examining European satellite company SES’s $3.1-billion bid for Intelsat, have asked the two companies’ customers whether Elon Musk’s Space X-owned Starlink is a credible rival to them. The responses, due on Monday, will determine whether the European Commission, the EU executive, clears the deal …
EU regulators ask if Starlink is credible rival to SES, Intelsat Read More »
(Corrects syntax in paragraph 1) MADRID/BANGALORE (Reuters) -Spanish lender Unicaja denied on Monday that it held talks about a merger with Banco Sabadell after Bloomberg News reported the lenders held informal discussions for it. The report also said Sabadell’s executives had sounded out some key shareholders of Unicaja earlier this month about a potential deal …
Spanish lender Unicaja denies report it has held merger talks with Sabadell Read More »
By Virginia Furness LONDON (Reuters) -Global banking regulators on Monday agreed to intensify efforts to better understand the financial risks posed by climate change amid pushback from the United States. The oversight body of the world’s forum for banking regulators met on Monday to take stock of the committee’s work on climate-related financial risks and …
Global banking regulators agree to prioritise climate risk work Read More »
(Reuters) -Norway’s sovereign wealth fund, managed by Norges Bank Investment Management (NBIM), has decided to actively engage with mining companies Rio Tinto and South32 regarding their environmental practices, the fund operator said on Sunday. The executive board of the largest sovereign wealth fund in the world said it arrived at this decision following a recommendation …
Norway’s Wealth Fund to engage Rio Tinto, South32 over environmental concerns Read More »
By Simon Jessop and Helen Reid LONDON (Reuters) – A leading investor in German sportswear company Adidas said on Monday it plans to vote against the reelection of Chair Thomas Rabe at the company’s annual shareholders’ meeting on Thursday because he holds too many roles at other companies. Despite being concerned about the so-called “overboarding” …
Adidas investor AllianzGI to vote against chair’s reelection at AGM Read More »
By Kalea Hall DETROIT (Reuters) -Mercedes executives on Monday said the company will add production of its GLC SUV for North America at its plant in Tuscaloosa, Alabama. Earlier this month, the German automaker said it would bring a new vehicle to the Alabama plant in 2027 that would “deepen our commitment to the U.S.” …
Mercedes to add GLC SUV production at Alabama plant Read More »
