Reuters UK/EU

Diversified Healthcare Trust shareholder pushes for alternatives to OPI merger

By Svea Herbst-Bayliss NEW YORK (Reuters) – One of Diversified Healthcare Trust’s (DHC) largest shareholders is opposing the real estate investment trust’s merger with Office Properties Income Trust (OPI), saying the deal undervalues the REIT by 90% and there are better alternatives to an all-share deal. Flat Footed LLC, which holds a 7.4% stake, said …

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Portugal seeks to cut debt ratio below that of Spain, France this year

By Sergio Goncalves LISBON (Reuters) – Portugal’s government plans to further slash one of Europe’s heaviest public debt burdens and reach a debt-to-GDP ratio below that of Spain and France in 2023 by sticking to budget controls, Finance Minister Fernando Medina said on Tuesday. Despite a Europe-wide economic slowdown, the government is targeting a budget …

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Siemens Gamesa executive says wind turbine makers need cash support

By Pietro Lombardi MADRID (Reuters) – Big Western wind turbine makers need direct financial support to make the investments needed to aid decarbonisation, Siemens Gamesa’s operating chief said on Tuesday. The challenge for a turbine maker like Siemens Gamesa, a unit of Germany’s Siemens Energy, to grow is that it needs to invest billions of …

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EU, U.S. to seek stopgap standards for AI – EU tech chief

By Philip Blenkinsop BRUSSELS (Reuters) – The European Union and the United States are set to step up cooperation on artificial intelligence with a view to establishing minimum standards before legislation enters force, the EU’s tech chief Margrethe Vestager said on Tuesday. The European Union’s AI Act could be the world’s first comprehensive legislation governing …

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UK Fraud Office agrees six-figure settlement with ex-Unaoil prosecutor

By Kirstin Ridley LONDON (Reuters) -The UK Serious Fraud Office (SFO) has agreed to pay a substantial settlement a former prosecutor who was wrongfully fired while leading one of the agency’s highest-profile bribery investigations.     Tom Martin, who led the British part of the global investigation into the Ahsani family and their Monaco-based energy consultancy …

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