Prosus expects e-commerce profit to jump in 2025, more IPOs in India

JOHANNESBURG (Reuters) – Dutch technology investor Prosus NV expects adjusted profit at its e-commerce business to surge to $400 million this fiscal year and expects more of its Indian businesses to list following Swiggy’s IPO, Chief Executive Fabricio Bloisi said on Monday. Prosus, majority-owned by South Africa’s Naspers, is a major shareholder in Indian food …

Prosus expects e-commerce profit to jump in 2025, more IPOs in India Read More »

Blinken heads to the Middle East as U.S. looks to kick start Gaza ceasefire talks

By Humeyra Pamuk WASHINGTON (Reuters) – U.S. Secretary of State Antony Blinken will depart for the Middle East on Monday, the State Department said, as Washington is pushing to kickstart ceasefire negotiations to end the Gaza war following the death of Hamas leader Yahya Sinwar. The top U.S. diplomat’s latest trip to the region, his …

Blinken heads to the Middle East as U.S. looks to kick start Gaza ceasefire talks Read More »

Woman who threw banana milkshake at UK’s Farage pleads guilty to assault

LONDON (Reuters) – A woman who threw a milkshake over Nigel Farage, leader of Britain’s Reform Party, has pleaded guilty to assault by beating, PA Media said on Monday. Victoria Thomas Bowen, 25, launched the McDonald’s banana milkshake at Farage outside a pub in Clacton-on-Sea, in southeast England, in June while the politician was on …

Woman who threw banana milkshake at UK’s Farage pleads guilty to assault Read More »

India’s Mahindra Logistics posts widened Q2 loss on higher expenses

(Reuters) – India’s Mahindra Logistics reported a seventh straight quarterly loss on Monday, hurt by higher freight and warehousing costs. Its consolidated net loss widened to 107.5 million rupees ($1.3 million) in the second quarter ended Sept. 30 from a loss of 93.2 million a year ago. Revenue from operations rose 11.5% to 15.21 billion …

India’s Mahindra Logistics posts widened Q2 loss on higher expenses Read More »

UK-based dissident can sue Saudi Arabia for alleged spyware, court rules

LONDON (Reuters) – A prominent Saudi dissident who accuses Saudi Arabia of targeting him with spyware can sue the kingdom in London, his lawyers said on Monday. Yahya Assiri, a founder of the opposition National Assembly Party (NAAS) who lives in exile in Britain, alleges his electronic devices were targeted with surveillance software between 2018 …

UK-based dissident can sue Saudi Arabia for alleged spyware, court rules Read More »

Italy picked for 30 billion euro data centre project by a single group, minister says

MILAN (Reuters) – Italy is the chosen location for a 30 billion euro ($33 billion) data centre investment by a single foreign corporation, the country’s industry minister said on Monday without naming the company. “We just mentioned the 4 billion euro data centre investment in Lombardy,” Industry Minister Adolfo Urso told a gathering of Assolombarda, …

Italy picked for 30 billion euro data centre project by a single group, minister says Read More »

Story on ‘King Conker’ being cleared of cheating is withdrawn

(Reuters) – The story on the winner of the Men’s World Conker Championships having been exonerated of any accusations of cheating is withdrawn as the statement was sent to Reuters in error. There will be no replacement story. STORY_NUMBER: L8N3LW070 STORY_DATE: 20/10/2024 STORY_TIME: 1629 GMT (Editing by Alison Williams)