PARIS (Reuters) – French President Emmanuel Macron asked ousted Prime Minister Michel Barnier and his government to stay on in caretaker capacity until a new prime minister is nominated, the Elysee said in a statement on Thursday. (Reporting by Tassilo Hummel, editing by Benoit Van Overstraeten)
By Martin Coulter LONDON/BRUSSELS (Reuters) – The European Union has ordered social media firm TikTok to freeze data linked to the Romanian elections, it said in a statement on Thursday. EU officials issued a “retention order” under the bloc’s wide-sweeping Digital Services Act, which regulates how the world’s biggest social media companies operate in Europe. …
EU orders TikTok to freeze Romanian elections data Read More »
(Reuters) – The National Highway Traffic Safety Administration said on Thursday that Honda would recall about 205,760 SUVs in the United States over a fuel leak issue. The recall includes some Passport and Pilot vehicles from model years 2023-2025. The filler neck tube and pipe may separate, allowing fuel to leak on impacted models, the …
Honda to recall over 205,000 US SUVs over fuel leak concern, NHTSA says Read More »
By Mike Scarcella (Reuters) -Target has failed to persuade a judge in Florida to dismiss a lawsuit that accused the retailer of deceiving shareholders after its sales of LGBTQ-themed merchandise for Pride Month sparked a backlash and a customer boycott. U.S. District Judge John Badalamenti in Fort Myers ruled that the plaintiffs had presented enough …
Target must face shareholder lawsuit over Pride backlash, US judge rules Read More »
By Arsheeya Bajwa (Reuters) – Intel on Thursday named two chip industry veterans to its board, as the struggling semiconductor firm looks for a new top boss following the recent ouster of Pat Gelsinger and tries to reclaim its lost glory. The chipmaker said Eric Meurice, former CEO of chipmaking equipment provider ASML, and Steve …
Intel names two chip industry veterans to its board amid CEO search Read More »
By Stefano Rebaudo and Samuel Indyk (Reuters) -The risk premium investors demand to hold French debt rather than German bunds dropped on Thursday on optimism that France will be able to pass a budget, while German bunds fell on reports Europe plans to tap bond markets for a defence fund. Far-right and left-wing lawmakers in …
French-German spread narrows on budget optimism, German bunds weaken Read More »
(Reuters) -Dollar General warned on Thursday profit margins would be pressured in the holiday quarter due to higher promotions and discounts as shoppers stuck to buying more essentials like groceries, sending its shares down as much as 5%. A shorter 26-day period between Thanksgiving and Christmas, coupled with frugal consumer spending, has pushed U.S. retailers …
Dollar General flags profit margin squeeze from holiday discounts, shares fall Read More »
By Gianluca Lo Nostro and Tim Hepher (Reuters) -French jet engine maker Safran gave a weaker than expected outlook for the next four years on Thursday, sending shares 6% lower as it shifts towards more normal growth after a strong post-pandemic recovery in air travel. Safran, which co-produces engines for Boeing and Airbus narrowbody planes …
Jet engine maker Safran disappoints with cautious forecasts Read More »
By Rachael Levy (Reuters) – An animal testing laboratory at Elon Musk’s Neuralink brain technology company was found to have “objectionable conditions or practices” by the Food and Drug Administration, which cited the company and urged it to address the problems. FDA inspectors identified the issues at Neuralink’s animal testing facilities in California in June …
US FDA cited animal lab at Musk’s Neuralink for ‘objectionable conditions’ Read More »
By Yoruk Bahceli and Amanda Cooper LONDON (Reuters) -The risk premium on French bonds dropped and bank stocks rallied on Thursday after a widely expected no-confidence vote toppled Prime Minister Michel Barnier’s government, with focus turning to what a new government might look like. Barnier resigned and President Emmanuel Macron is hunting for a new …
French bonds, stocks take a breather after government collapse but uncertainty remains Read More »
