Reuters - Squid Business

Floods cause damage, power outages in southeast France after heavy rainfall

PARIS (Reuters) – Massive floods caused serious damage and power outages on Friday in parts of France’s mountainous southeast region after days of heavy rain, though there were no immediate reports of any casualties. France’s weather authority Meteo France placed six departments south of the city of Lyon on a red flood alert on Thursday. …

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Romanian leftist prime minister leads presidential race, poll shows

By Luiza Ilie BUCHAREST (Reuters) – Romanian leftist Prime Minister Marcel Ciolacu leads in opinion surveys ahead of a presidential election which could see him face an opposition far-right party leader in the second round. Romania, a member of the European Union and NATO, holds a two-round presidential contest on Nov. 24 and Dec. 8, …

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Column-US equity bears are no match for FOMO + TINA: McGeever

By Jamie McGeever ORLANDO, Florida (Reuters) – FOMO and TINA are two English-language acronyms that have become common parlance in financial markets. Together, they help explain the relentless rise of U.S. equities – a trend that now should probably be raising red flags. Investors’ “fear of missing out” (FOMO) on a two-year bull run …

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Italy’s Salvini did not kidnap migrants, charity wanted confrontation, lawyer says

PALERMO, Italy (Reuters) – Deputy Prime Minister Matteo Salvini was defending Italian interests and should be acquitted of charges of kidnapping a boat full of migrants who were held offshore for almost three weeks in 2019, his lawyer said on Friday. Prosecutors have demanded a six-year jail term for Salvini, who heads the far-right League …

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Indian insurer ICICI Lombard’s Q2 profit jumps on strong motor, health segments

(Reuters) – India’s ICICI Lombard General Insurance reported a 20% increase in its second-quarter profit on Friday, aided by higher premiums in its motor and health insurance units. The company’s profit after tax rose to 6.94 billion rupees ($82.6 million) for the three months ended Sept. 30 from 5.77 billion rupees a year earlier. Analysts …

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Poland publishes civil partnership bill in boost for LGBT couples

WARSAW (Reuters) – Poland moved a step closer to legalising civil partnerships with the publication of a draft law on Friday that the minister responsible for the legislation hailed as a “historic day” in a country where gay rights have proved bitterly divisive. Donald Tusk’s pro-European coalition government swept to power in predominantly Catholic Poland …

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US Cellular to sell select spectrum assets to Verizon for $1 billion

(Reuters) – United States Cellular said on Friday it has agreed to sell some of its spectrum licenses to Verizon in a $1 billion deal. U.S. Cellular’s shares jumped 3.9% in trading before the bell. The company will sell portion of its spectrum licenses used for mobile phone signals and high-speed data services to Verizon. …

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India’s Disney-Reliance JV to stream live sports only on Hotstar, sources say

By Aditya Kalra NEW DELHI (Reuters) -All live sporting events streamed by the newly merged Disney-Reliance business in India, including popular Indian Premier League (IPL) cricket, will only be available on Disney’s Hotstar app, three sources familiar with the matter told Reuters. The decision marks the first major integration of the businesses and signals billionaire …

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Greek Piraeus port dockers block ammunition cargo destined for Israel

ATHENS (Reuters) – Dozens of members of a Greek dockworkers’ union have blocked the loading of a container of ammunition destined for Israel in protest against the Gaza war, coast guard and union officials told Reuters on Friday. The container, which arrived at Greece’s Pireaus port on Thursday, held 21 tons of ammunition, one of …

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Adidas global sales exec to step down from board at end of October

BERLIN (Reuters) – Adidas’ board member for global sales, Arthur Hoeld, will step down from the German sportswear company’s executive board at the end of October, it said in a statement on Friday. Adidas’ supervisory board and Hoeld mutually agreed on the early termination of his appointment after Hoeld said he would not extend his …

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