• 11/25/2024

North Sea oil producer Harbour in merger talks with Talos

Reuters The move would offer Harbour an opportunity to list in New York after CEO Linda Cook decided to scale back North Sea spending and diversify operations overseas – a reaction to Britain’s windfall tax on oil and gas producers in the wake of a surge in energy prices. Talos shares were up 4.4% at…

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War zone villagers flee after massive Ukraine dam destroyed

Reuters Reuters was hours ahead of competition reporting on the destruction of the Nova Kakhovka dam in southern Ukraine. Chicago wheat climbed over 3% on Tuesday to a near three-week high as the breaching of the dam heightened worries about escalation in the war between major grain exporters Ukraine and Russia.  The post War zone…

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UN tries to save Black Sea grain deal with ‘mutually beneficial’ proposal

Reuters Sources exclusively revealed to Reuters that The U.N. has proposed that Kyiv, Moscow and Ankara start preparatory work for the transit of Russian ammonia through Ukraine as it tries to salvage a deal allowing safe Black Sea grain exports.     The post UN tries to save Black Sea grain deal with ‘mutually beneficial’ proposal appeared…

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UniCredit cuts Amundi funds’ share in assets under management

Reuters Reuters exclusively reported that UniCredit has been trimming the share of Amundi funds among its assets under management as the Italian bank and its French partner spar over their 3.7 billion euro deal that runs out in 2027. Amundi shares lost 6% on Wednesday, underperforming a 1.5% drop in France’s all-share index.       The post…

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AI rules ‘cannot be bargained’, EU’s Breton says after OpenAI CEO threat

Reuters Reuters exclusively reported that EU industry chief Thierry Breton has said proposed EU rules on artificial intelligence are not up for bargaining, in response to OpenAI CEO Sam Altman’s threat to quit Europe if the rules are too onerous. Altman caved the following day after Breton’s comments, tweeting that OpenAI was not going to…

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UK inflation falls by less than expected, heaping pressure on BoE  

Reuters Reuters was ahead of the competition reporting UK inflation figures as consumer prices rose by a more-than-expected 8.7% last month and a closely watched measure of core inflation surged to a 31-yer high. UK’s main stock indexes fell, British government bond prices plunged, and the pound rose slightly after the data that was seen…

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Prosiebensat.1, Sky revive talks on German TV tie-up

Reuters Reuters reported exclusively that Prosiebensat.1 and Sky have revived talks for a merger of the businesses in Germany. Prosiebensat.1’s shares rose more than 3% after reporting. The post Prosiebensat.1, Sky revive talks on German TV tie-up appeared first on Reuters News Agency. https://www.reutersagency.com/en/reutersbest/article/prosiebensat-1-sky-revive-talks-on-german-tv-tie-up/

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Pentagon accounting error overvalued Ukraine weapons aid by $3 billion  

Reuters Reuters was first to report that the Pentagon had overestimated the value of the ammunition, missiles, and other equipment it sent to Ukraine by approximately $3B, an error that may lead to additional weapons being sent to Kyiv for its defense against Russian forces. Reuters was also first to report that the amount could…

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Repsol to invest $550 million in first Italian renewable projects

Reuters Repsol’s renewables head exclusively told Reuters that the Spanish oil company will develop more than 1.7 gigawatts (GW) of renewable energy projects in Italy, costing around 500 million euros ($550 million). The post Repsol to invest $550 million in first Italian renewable projects appeared first on Reuters News Agency. https://www.reutersagency.com/en/reutersbest/article/repsol-to-invest-550-million-in-first-italian-renewable-projects/

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Qatar fund explored claims against Switzerland for Credit Suisse losses

Reuters Sources exclusively revealed to Reuters that Qatar’s sovereign wealth fund, Credit Suisse’s second-largest investor, has explored seeking redress for losses incurred by the bank’s takeover as legal challenges to Switzerland’s state-backed rescue mount.  The post Qatar fund explored claims against Switzerland for Credit Suisse losses appeared first on Reuters News Agency. https://www.reutersagency.com/en/reutersbest/article/qatar-fund-explored-claims-against-switzerland-for-credit-suisse-losses/

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