FRANKFURT (Reuters) – The European Central Bank expects to cut interest rates further if inflation settles at its 2% target as it expects, some of the ECB’s top brass said on Monday. ECB President Christine Lagarde and the bank’s most influential policy hawk, Isabel Schnabel, cemented market bets on further gradual reductions in borrowing costs …
ECB expects more rate cuts as inflation fears abate Read More »
(Reuters) -CVC Capital Partners is considering purchasing Vivendi’s stake in Telecom Italia, a move that could pave the way for a potential takeover of the Italian telecommunications company, Bloomberg News reported on Monday. Private-equity group CVC has been holding preliminary talks with Vivendi about the stake purchase, the report said, citing people with knowledge of …
CVC weighs buying Vivendi’s Telecom Italia stake, Bloomberg News reports Read More »
By Anna Mehler Paperny SAINT-GEORGES-DE-CLARENCEVILLE (Reuters) – Six Lego-like concrete blocks mark the end of a rural road at the U.S.-Canada border. The police vehicle, revving through blowing snow, crunches to a stop. The barriers, installed last August in a joint venture with President Joe Biden’s administration, stop vehicles bearing migrants from barreling across the …
Canada promised Trump a border crackdown. Easier said than done Read More »
MILAN (Reuters) – An Italian court has given the government and Telecom Italia until Jan. 20 to discuss a potential accord over the phone group’s request it gets 1 billion euros ($1 billion) from the state, a source with knowledge of the matter said. The payment request stems from a dispute dating back to 1998 …
By Andrew Osborn and Dmitry Antonov MOSCOW (Reuters) -Russia’s defence minister said on Monday that Moscow must be ready to fight the NATO military alliance in Europe in the next decade, as President Vladimir Putin said he believed the Ukraine war was turning in Moscow’s favour. Andrei Belousov, Putin’s defence chief, cited a NATO summit …
Russia must be ready to fight NATO in Europe in next decade, minister says Read More »
(Reuters) – Meta Platforms said on Monday it has updated the Ray-Ban Meta smart glasses with AI video capability and real-time language translation functionality. The Facebook parent, which first announced the features during its annual Connect conference in September, said the update is available for members that are part of its “Early Access Program”. The …
Meta adds live translation, AI video to Ray-Ban smart glasses Read More »
By Jeff Mason and Steve Holland PALM BEACH, Florida (Reuters) – President-elect Donald Trump said on Monday he would talk to Russian President Vladimir Putin and Ukraine President Volodymyr Zelenskiy about bringing the war in Ukraine to an end, saying he is troubled by images of carnage from the conflict. “It’s got to stop,” Trump …
Trump says will he talk to Putin, Zelenskiy about stopping Ukraine war Read More »
(Reuters) – Virgin Music Group, the global independent music unit of Universal Music Group, said on Monday it will acquire Downtown Music in an all-cash deal valued at $775 million (737.32 million euros). Downtown was founded in 2007 as a music publishing company. It works with entrepreneurs, songwriters, rights holders and artist — from newcomers …
Universal’s Virgin Music Group to buy Downtown Music for $775 million Read More »
PARIS (Reuters) – France’s economy will grow more slowly than expected in the next two years as its home-grown political turmoil adds to the global volatility weighing on activity, the central bank forecast on Monday in its quarterly outlook. After growth of 1.1% this year, the euro zone’s second biggest economy will expand 0.9% in …
French central bank trims growth outlook on political drama Read More »
By Timour Azhari DAMASCUS (Reuters) – The vault of Syria’s central bank holds nearly 26 tons of gold, the same amount it had at the start of its bloody civil war in 2011, even after the chaotic fall of Bashar al-Assad’s despotic regime, four people familiar with the situation told Reuters. But the country has …
Exclusive-Syria retains 26 tons of gold reserves after Assad’s fall – sources Read More »
