By Jan Lopatka PRAGUE (Reuters) -A Czech court has blocked electricity firm CEZ from signing a contract worth at least $18 billion with South Korea’s KHNP to build a new nuclear power plant until the court has handled a complaint from the losing bidder, France’s EDF. EDF filed a complaint against Czech competition regulator UOHS …
Czech court blocks signing of $18 billion nuclear plant deal with KHNP Read More »
(Reuters) -Elon Musk’s artificial intelligence company xAI has partnered with Palantir Technologies and investment firm TWG Global, the companies said on Tuesday, as they look to tap growing AI demand in the financial services industry. The data analytics firm and TWG, led by Guggenheim Partners founder Mark Walter and entertainment financier Thomas Tull, had in …
Musk’s xAI joins TWG Global, Palantir for AI push in financial sector Read More »
LONDON (Reuters) -Swiss lender UBS Group and U.S. investment firm General Atlantic have agreed to make a joint push into the booming market for private credit, the companies said on Tuesday in the latest deal between a bank and an alternative asset manager. Under the partnership, UBS will source and find loans to make to …
UBS agrees private credit tie-up with General Atlantic Read More »
LONDON (Reuters) -The British government will not reverse cuts to winter fuel or welfare payments, a spokesman for Prime Minister Keir Starmer said on Tuesday, after a series of bruising losses in English local elections. Labour Party politicians said the party’s poor performance in the elections was in part because of unhappiness with the government …
UK won’t reverse winter fuel payment cuts after poor election results – PM’s spokesman Read More »
By Alexandra Schwarz-Goerlich and John O’Donnell VIENNA (Reuters) -Austria’s Raiffeisen Bank International increased its profit in Russia in the first quarter, driven by a stronger rouble, results showed on Tuesday as the most important Western bank in the country said it was paring back its business. Last year, RBI came under intense pressure from the …
Austria’s Raiffeisen sees profit boost in Russia despite push to cut Read More »
By Stephen Nellis SAN FRANCISCO (Reuters) -Microsoft on Tuesday said it will release a new laptop and tablet with chips from Qualcomm at lower prices than before, aiming to get new AI features to a broader set of customers. The newest Surface 13-inch laptop and Surface Pro 12-inch tablet will go on sale on May …
Microsoft launches lower-priced AI laptops with Qualcomm chips Read More »
BUCHAREST (Reuters) – Romania’s hard-right presidential frontrunner George Simion said on Tuesday that if elected he would propose compensatory measures to U.S. President Donald Trump to mitigate the impact on Romanian companies of potential U.S. trade tariffs. The eurosceptic Simion decisively swept the ballot on Sunday, with some 41% of votes, triggering the resignation of …
Romanian hard-right presidential frontrunner vows to soften impact of U.S. tariffs Read More »
(Reuters) -Aerospace supplier TransDigm Group topped second-quarter profit expectations on Tuesday and maintained its full-year earnings forecast, betting on strong demand for aftermarket parts and services from planemakers and carriers. Delayed delivery of new planes has pushed airlines to extend the use of older aircraft to cater to booming demand for air travel, which has …
TransDigm tops quarterly profit estimates on strong demand for aftermarket aero parts Read More »
BRUSSELS (Reuters) – The European Union is under no pressure to accept an unfair tariff deal with the United States, its trade chief said on Tuesday, adding that it was being contacted by other countries seeking to forge closer trade ties with the 27-nation bloc. The EU faces 25% U.S. import tariffs on its steel, …
EU will not be pushed into unfair US tariffs deal, says trade chief Read More »
(Reuters) -Associated British Foods is in talks with private equity firm Endless LLP about a potential deal for the food group’s Allied Bakeries business, in a move that could bring together two of Britain’s best known bread brands, Kingsmill and Hovis. Primark owner AB Foods has been looking at strategic options for loss-making Allied Bakeries …
