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Tests clear recalled Philips sleep apnoea machines of health risks -company
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Making the four-day week work for Britain
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Oil trades sideways amid US plan to refill reserves, mixed China outlook
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Volatile banking sector saw big moves from funds in first quarter
Macquarie raising hurdles to CDP joining KKR bid for Telecom Italia grid, sources say
Date: May 16, 2023
MILAN (Reuters) -Australian fund Macquarie is raising legal hurdles over a plan backed by Italy’s Treasury for state lender CDP to join forces with U.S. fund KKR in a deal to buy Telecom Italia’s landline grid (TIM), three sources said on Monday. TIM directors have set a final deadline of June 9 for potential improved...
France to host pro-nuclear meet to push for EU recognition of climate benefits
Date: May 16, 2023
France to host pro-nuclear meet to push for EU recognition of climate benefits By Kate Abnett and America Hernandez BRUSSELS (Reuters) -France will host a meeting of ministers from 16 pro-nuclear European states on Tuesday aimed at coordinating expansion of atomic power and urging the EU to recognise its role in meeting climate goals for...
Agnelli investment firm hires former UK minister Osborne
Date: May 15, 2023
PARIS/LONDON (Reuters) – Lingotto Investment Management, backed by Italy’s Agnelli family, has hired former British finance minister George Osborne and veteran fund manager James Anderson as it weighs expanding its assets under management, it said on Monday. Owned by Exor NV, the Agnelli family holding company, Lingotto, builds on investment activities Exor previously managed on...
UK competition watchdog steps up examination of grocery prices
Date: May 15, 2023
UK competition watchdog steps up examination of grocery prices LONDON (Reuters) -Britain’s competition watchdog will step up its work looking into grocery prices, but has so far not seen evidence pointing to specific concerns in the sector, it said on Monday, after food price inflation hit a 46-year high in March. Official data showed UK...
India’s carmakers back zero duty on limited British imports under trade deal – sources
Date: May 15, 2023
India’s carmakers back zero duty on limited British imports under trade deal – sources By Aditi Shah and Shivangi Acharya NEW DELHI (Reuters) – Indian carmakers have agreed to eliminate import tax on a limited number of vehicles in a trade deal with Britain “if the need arises”, according to a document seen by Reuters,...
World stocks climb on hopes of successful debt ceiling outcome
Date: May 15, 2023
LONDON (Reuters) -World stocks rose on Monday on cautious optimism ahead of this week’s deliberations over the U.S. $31.4 trillion debt ceiling, a raft of economic data and a bevy of central bankers lined up to hint about whether further rate hikes await. U.S. stocks looked to open higher with S&P 500 futures and Nasdaq...