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Agnelli family’s Exor buys $2.8 billion stake in Philips
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German network regulator names 2nd managing director of Rosneft Deutschland
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Italy PM Meloni takes ‘full responsibility’ for bank tax
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Analysis-Big losses in Russia-linked stocks have investors rethinking other depositary receipts
UK employers plan 5% pay rises, many resort to counteroffers: CIPD
Date: August 14, 2023
UK employers plan 5% pay rises, many resort to counteroffers: CIPD By David Milliken LONDON (Reuters) – British employers expect to raise pay by 5% over the coming year and are increasingly making counteroffers to keep staff who are tempted by higher wages from rival firms, according to a survey which added to signs of...
Intermedia’s owner explores sale of communications services firm -sources
Date: August 10, 2023
Intermedia’s owner explores sale of communications services firm -sources By Milana Vinn (Reuters) – The private equity owner of Intermedia Cloud Communications is exploring options including a sale that could value the communications services provider at more than $1 billion, including debt, according to people familiar with the matter. Buyout firm Madison Dearborn Partners is...
Venom Foundation Partners with the UAE Government to Launch National Carbon Credit System
Date: August 9, 2023
Venom Foundation Partners with the UAE Government to Launch National Carbon Credit System Venom Foundation, a leader in blockchain technology adoption in regulated markets, is thrilled to announce the signing of a momentous Memorandum of Understanding (MOU) with the UAE Government to develop and implement the National Carbon Credit System. This landmark partnership represents a...
Lloyd’s of London insurer Hiscox profit spikes on premium rise
Date: August 9, 2023
Lloyd’s of London insurer Hiscox profit spikes on premium rise By Carolyn Cohn LONDON (Reuters) -Lloyd’s of London insurer Hiscox posted a sharp rise in pretax profit on rising premium rates, but its shares fell on Wednesday as analysts focused on a disappointing retail outlook. Commercial insurers who have faced hefty claims in recent years...
Bottler Coca-Cola HBC lifts sales outlook
Date: August 9, 2023
Bottler Coca-Cola HBC lifts sales outlook By Radhika Anilkumar (Reuters) -Coca-Cola HBC lifted its annual revenue forecast on Wednesday as the bottler benefited from higher prices despite a dip in first-half organic volumes and currency headwinds in key market Nigeria. The Switzerland-based company has carried out the majority of planned price rises across its regions,...
Vestas Q2 loss bigger than expected, maintains guidance
Date: August 9, 2023
Vestas Q2 loss bigger than expected, maintains guidance COPENHAGEN (Reuters) – Danish wind turbine maker Vestas on Wednesday warned of continued supply chain disruptions in 2023 after reporting a bigger than expected second-quarter adjusted operating loss. “Permitting and regulatory uncertainty remain a key challenge to speed up the energy transition, and although supply chain disruptions...