Category: Reuters
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Revolut CEO to sell part of stake in $500 million share sale, Sky News reports By Reuters
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(Reuters) – Nikolai Storonsky, chief executive of British fintech firm Revolut, will sell part of his multibillion-dollar stake in the company as part of a $500 million share sale, Sky News reported on Sunday. The Financial Times reported last month that the digital finance app is working with bankers to…
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Biden digs in as pressure from fellow Democrats escalates By Reuters
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Written by Andrea Shalal and Nandita Bose WILMINGTON, Del. (Reuters) – Amid growing calls from fellow Democrats to end his re-election campaign, U.S. President Joe Biden gave no hint on Saturday that he was considering stepping down after two defiant public appearances the day before. Biden, 81, is facing a…
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Corporate France braces for new era of political turmoil By Reuters
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By Lee Thomas and Helen Reid AIX-EN-PROVENCE, France (Reuters) – France’s business elite is worried about volatile politics, inexperienced policymakers, street protests and a possible wave of bankruptcies in the coming months, executives meeting in Provence ahead of Sunday’s parliamentary election said. Business leaders gathering in the southern city of…
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U.S. Coast Guard says hurricane may shut oil ports By Reuters
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By Erwin Seba HOUSTON (Reuters) – The U.S. Coast Guard warned on Monday that ports from Corpus Christi to Houston, Texas, could be closed due to Hurricane Beryl, which is expected to make landfall by Monday morning south of Port Lavaca. Closing the ports could temporarily halt shipments of crude…
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Hamas accepts US proposal on talks over Israeli hostages, Hamas source says By Reuters
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By Samia Nakhoul, Muhammad Al Gebaly and Nidal al-Mughrabi DUBAI/CAIRO (Reuters) – Hamas has accepted a U.S. proposal to begin talks on the release of Israeli hostages, including soldiers and men, 16 days into the first phase of a deal aimed at ending the Gaza war, a senior Hamas source…
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China autos group ‘strongly dissatisfied’ with EU anti-subsidy tariffs By Reuters
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SHENZHEN, China (Reuters) – China’s auto industry association said in a statement on Saturday it was “strongly dissatisfied” with anti-subsidy tariffs proposed by the European Union. The European Automobile Manufacturers’ Association said in a post on Chinese messaging app WeChat that manufacturers had cooperated with the European Commission’s investigation into…
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Former ASML CEO says US-China chip fight will continue By Reuters
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AMSTERDAM (Reuters) – The recently retired chief executive of semiconductor equipment maker ASML said in an interview with Dutch broadcaster BNR on Saturday that the dispute between the United States and China over computer chips is ideological, not based on facts and is set to continue. Wennink left his post…
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China cognac probe is a reaction to EU car tariffs, says Hennessy owner LVMH By Reuters
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AIX-EN-PROVENCE, France (Reuters) – China’s investigation into dumping in Europe’s cognac industry is a tit-for-tat response to European Union tariffs on Chinese electric cars, the chief financial officer of Hennessy cognac owner LVMH said on Saturday. China on Friday announced plans to hold a hearing on European brandy imports, escalating…
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US miners push Washington to revive long-dormant Bureau of Mines By Reuters
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By Ernest Scheider (Reuters) – Mining trade groups are planning a push in Washington to revive and expand the long-defunct Bureau of Mines, an effort aimed at streamlining how the U.S. government regulates and subsidizes production of critical minerals and that coincides with the 2024 presidential election. The lobbying campaign,…
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Meme stock speculation propels Koss shares 25% higher on Friday By Reuters
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By Susan McGee (Reuters) – Shares of headphone maker Koss Corp rose for a second straight session on Friday to close at $13.35 after trading as high as $18.50 earlier in the day, as social media posts speculated that a post by stock influencer Keith Gill signaled his interest in…
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Biden digs in as Democrats consider forcing him out of presidential race By Reuters
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By Andrea Shalal, Steve Holland, and Jeff Mason MADISON, Wis. (Reuters) – U.S. President Joe Biden sought on Friday to quell an uprising among some Democrats who are pressuring him to abandon his re-election campaign after a poor debate performance, vowing to “stay in the race.” In a fiery speech…
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Apple okays Epic Games marketplace app in Europe By Reuters
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Written by Jaspreet Singh and Fu Yun Che Apple Inc said on Friday it had approved the Epic Games Store app for iPhones and iPads in Europe, after the Fortnite maker escalated its dispute with the tech giant, accusing it of obstructing its efforts to create a game store on…
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Talen asks US regulators to reject challenge to Amazon data center deal By Reuters
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Written by Leila Kearney NEW YORK (Reuters) – Talen Energy Inc. has asked U.S. regulators to dismiss a challenge to its recent data center deal with Amazon.com Inc. that is being challenged by a group of electric utility companies that say the deal could raise consumers’ electricity bills, according to…
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TD’s chief compliance officer departs amid US anti-money laundering probe By Reuters
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TORONTO (Reuters) – TD Bank’s chief compliance officer has left the bank, according to an internal memo, as the Canadian lender faces U.S. regulators and the Justice Department in an investigation into its anti-money laundering program. Monica Kowal, who joined the bank in 2017, left the company this week and…
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Carlyle in talks to buy Baxter’s kidney care unit, source says By Reuters
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(Reuters) – Private equity firm The Carlyle Group Baxter International Inc (NYSE:BAX) is in exclusive talks to buy kidney care company Vantiv for more than $4 billion, including debt, a person familiar with the matter told Reuters on Friday. Shares of the Deerfield, Illinois-based company rose more than 4%. The…
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Biden called to congratulate UK’s Starmer, White House says By Reuters
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WASHINGTON (Reuters) – U.S. President Joe Biden called Britain’s new Prime Minister Keir Starmer on Friday to congratulate him after his Labour Party’s landslide victory in parliamentary elections, the White House said. “The two leaders affirmed the special relationship between our two countries and the importance of working together to…
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EU asks Amazon for more info on Digital Services Act compliance By Reuters
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BRUSSELS (Reuters) – The European Commission said on Friday it had asked Amazon.com Inc. to provide more information on the measures the U.S. e-commerce giant has taken to comply with its obligations under the Digital Services Act. “In particular, Amazon is requested to provide detailed information on its compliance with…
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UK election-winner Starmer inherits weak economy with ‘no magic wand’ By Reuters
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By William Schomberg LONDON (Reuters) – Britain’s incoming prime minister, Keir Starmer, has spent his election campaign accusing Rishi Sunak’s Conservative Party of “14 years of economic failure” but has no clear quick fix to pull the country out of its slow growth rut. Living standards have stagnated since the…