By Johann M Cherian and Shashwat Chauhan (Reuters) – UK’s FTSE 100 hit a two-month low on Tuesday, with energy shares leading declines as oil prices slipped, while Unilever dropped after the consumer goods firm announced its chief financial officer would be stepping down. Unilever slipped 3.0% after the Dove soap maker said its CFO …
UK’s FTSE 100 falls as energy stocks slip; Unilever weighs Read More »
BERLIN (Reuters) – Proxy adviser Institutional Shareholder Services (ISS) backs a call by activist investor Elliott for a special investigation into a loan that German property company Deutsche Wohnen made to its top shareholder Vonovia, it said on Tuesday. “While there is currently no clear and irrefutable evidence of wrongdoing by members of the management …
Proxy adviser ISS backs investigation into Deutsche Wohnen loan to Vonovia Read More »
By Belén Carreño MADRID (Reuters) – Key European Union legislation including reforms of its power market and climate change goals are up in the air after Prime Minister Pedro Sanchez called a snap election just as Spain is due to take the reins of the bloc. Sanchez surprised even many in his own government on …
Key EU legislation up in the air after Spain accelerates elections Read More »
By Tommy Wilkes LONDON (Reuters) -Three more insurance companies including Tokio Marine have left a United Nations-backed net-zero climate alliance, leaving the group with about half the number of members it counted two months ago as insurers take fright at U.S. political pressure. Some Republican politicians have mounted a campaign against financial institutions collaborating to …
Insurers’ climate alliance loses nearly half its members after more quit Read More »
By Fatos Bytyci LEPOSAVIC, Kosovo (Reuters) – Serbian protesters smashed two cars belonging to journalists in Kosovo’s Leposavic town on Tuesday, a day after 30 NATO soldiers and 52 protesters were hurt in clashes, as EU and NATO officials urged a de-escalation of the violence. Unrest in the region has intensified since ethnic Albanian mayors …
NATO soldiers on guard in Kosovo town, Serb protesters smash two cars Read More »
By Akash Sriram and Samrhitha A (Reuters) – Nvidia Corp on Tuesday became the first chipmaker to hit a trillion-dollar market value, as the company bets on a surge in demand for its AI chips that power chatbot sensation ChatGPT and many other applications. The gaming and AI chip maker’s shares rose as much as …
Nvidia joins trillion dollar club on booming AI demand Read More »
By Sam Tobin and Paul Sandle LONDON (Reuters) – Microsoft on Tuesday accused Britain’s anti-trust regulator of being a global “outlier” in blocking its $69 billion takeover of “Call of Duty” maker Activision Blizzard. The Competition and Markets Authority (CMA) vetoed the deal in April, saying it could hurt competition in the nascent cloud gaming …
Microsoft says UK regulator an ‘outlier’ for blocking Activision deal Read More »
BRUSSELS (Reuters) – The EU said on Tuesday it is doubling its aerial firefighting fleet for the summer of 2023, citing challenges such as increasing forest fires due to the climate crisis. “The last few years have seen our greatest challenges so far”, Commissioner for Crisis Management Janez Lenarcic said, adding that in the last …
EU doubles firefighting fleet in preparation for climate change impacts Read More »
By Valentina Za MILAN (Reuters) – UniCredit has been trimming the proportion of Amundi funds in its total assets under management as a decade-long deal between the companies enters its final years, a person close to the matter said, the latest sign it may not be renewed. Under an agreement struck in 2017, when UniCredit …
Exclusive-UniCredit cuts Amundi funds’ share in assets under management – source Read More »
By Crispian Balmer ROME (Reuters) – Italy’s ruling conservative coalition has predicted it could hold on to power for years after crushing the centre left in local elections that laid bare seemingly unbridgeable divisions between opposition parties. The three main government parties won control of nine of the 13 main towns and cities up for …
Italy’s right hopes local vote victory points to long-term power Read More »
