By Valentina Za MILAN (Reuters) -Italy’s second-biggest bank UniCredit has reached an agreement with labour unions to send 1,000 staff into early retirement and replace half of them with new hires, unions said on Thursday. The move, sources have previously told Reuters, forms part of CEO Andrea Orcel’s strategy aimed at slimming down the corporate …
UniCredit inks jobs deal with unions in corporate centre downsizing Read More »
ROME (Reuters) -Italy is in talks with several companies including U.S. energy group Westinghouse and France’s EDF as potential partners for a state-backed company that will build advanced nuclear reactors in the country, Energy Minister Gilberto Pichetto Fratin said. “The scale of investment in nuclear power requires cooperation with several international players,” he told reporters, …
Italy in talks with Westinghouse, EDF for nuclear plants, minister says Read More »
(Reuters) -Donald Trump and many of his fellow Republicans warn that noncitizens could vote in the Nov. 5 presidential election in significant numbers, potentially handing a victory to Democratic rival Kamala Harris. But there have been few known examples of noncitizens voting in recent U.S. elections. Here is what state officials and independent researchers have …
Factbox-Noncitizen voters a rarity in US elections, state and private reviews show Read More »
(Reuters) -German science and technology group Merck is open to more acquisitions for its Life Science business after announcing in May it would buy Mirus Bio for $600 million, it said ahead of its Capital Markets day on Thursday. “Our guiding principle is and always has been, the right target, at the right time, for …
Germany’s Merck open to more M&A for its Life Science division Read More »
(Reuters) – Travelers Companies’ third-quarter profit beat Wall Street expectations as higher underwriting gains and investment income more than offset steep catastrophe losses, sending shares of the insurer up nearly 7%. Individuals and businesses are spending more on insurance, allowing insurers to attract and retain clients despite higher prices for some policies such as auto …
Insurer Travelers beats profit estimate on underwriting strength, investment gains Read More »
By Julien Pretot PARIS (Reuters) – Since Paris St Germain were taken over by Qatar Sports Investments just over a decade ago the club has become a symbol of global sports ambition and highlighted the absence of another top-tier club in the city, an oddity in European football. The Arnault family and Red Bull’s proposed …
Soccer-Arnault, Red Bull’s proposed Paris FC takeover set to fix city’s football oddity Read More »
ZURICH (Reuters) – ABB at least $1 billion to spend on deals as it looks to boost its revenues by being more active in M&A, Chief Financial Officer Timo Ihamuotila said on Thursday. The Swiss engineering firm said it would target smaller and mid-sized companies but did not rule out larger deals. “It’s fair to …
ABB has at least $1 billion to spend on M&A, CFO of Swiss firm says Read More »
By Hatem Khaled and Mahmoud Issa GAZA CITY/DEIR AL-BALAH, Gaza (Reuters) – As the phone call from his tent on a stretch of beach in Gaza connected him to parents he has not seen for a year because of Israel’s military campaign, the eyes of 13-year-old Maher Abu Sakran lit up with joy. Living in …
Separated by Israel’s campaign, a Gaza family prays to reunite Read More »
(Reuters) – Indian tyre maker CEAT reported second-quarter profit below market estimates on Thursday, weighed by higher rubber costs and muted demand. The company posted a profit of 1.22 billion rupees ($14.5 mln) for the quarter ended Sept. 30, compared to 2.08 billion rupees a year ago. Analysts were expecting a profit of 1.38 billion …
India’s CEAT misses Q2 profit estimates on high raw material prices, weak demand Read More »
By Andrew Goudsward WASHINGTON (Reuters) – U.S. federal prosecutors are stepping up their pursuit of suspects who use artificial intelligence tools to manipulate or create child sex abuse images, as law enforcement fears the technology could spur a flood of illicit material. The U.S. Justice Department has brought two criminal cases this year against defendants …
US prosecutors see rising threat of AI-generated child sex abuse imagery Read More »
