By Lawrence White LONDON (Reuters) – Allegations made against British bank Barclays’ former CEO Jes Staley regarding his ties with sex offender Jeffrey Epstein are “very serious”, the lender’s current CEO C.S. Venkatakrishnan said on Thursday. In a call with reporters after the lender’s first quarter results were published, Venkat said he was not in…
By Lawrence White LONDON (Reuters) – Allegations made against British bank Barclays’ former CEO Jes Staley regarding his ties with sex offender Jeffrey Epstein are “very serious”, the lender’s current CEO C.S. Venkatakrishnan said on Thursday. In a call with reporters after the lender’s first quarter results were published, Venkat said he was not in…
DUBAI (Reuters) – The United Arab Emirates (UAE) and Cambodia have agreed on the terms of a bilateral trade deal, as the Gulf state looks to strengthen trade and commerce ties, particularly in Asia, in strategic economic sectors. The two countries concluded negotiations for a Comprehensive Economic Partnership Agreement (CEPA), as the trade agreement is…
By Marie Mannes STOCKHOLM (Reuters) -Sweden-based automaker Volvo Cars reaffirmed its outlook on Thursday and said it saw no point in cutting prices given healthy demand as its operating earnings beat estimates. Its shares shot up 8% at the market open before retreating to trade flat at 0736 GMT, which Bernstein analyst Daniel Roeska said…
By Richa Naidu LONDON (Reuters) – Unilever’s store ice cream brands, which include Ben & Jerry’s and Magnum, are losing market share to supermarket own-brands as consumers seek cheaper alternatives after big price hikes for some of the world’s top-selling labels. The British company, which sells Cornettos cones and Talenti tubs, on Thursday reported a…
By Scott Murdoch and Donny Kwok (Reuters) -Chinese spirit maker ZJLD Group’s shares ended down 18% on their first day of trading on Thursday, dampening hopes that a positive debut for the largest new share sale in Hong Kong in 2023 could spark a rush of listings in the second half. The KKR-backed company raised…
ROME, April 27 (Reuters) – Morale amongst Italian businesses and consumers rose in April, data showed on Thursday, but sentiment in the manufacturing sector was more downbeat as the outlook remains uncertain for the euro zone’s third largest economy. National statistics institute ISTAT’s manufacturing confidence index fell to 103.0 in April from 104.1 the month before, coming…
By Josh Smith SEOUL (Reuters) – The United States granted South Korea a larger role in planning for a potential nuclear war with North Korea, but that will probably not ease doubts over U.S. defence commitments that have fuelled calls for a South Korean nuclear arsenal, experts said. Under a new “Washington Declaration” announced Wednesday,…
JERUSALEM (Reuters) – Potential U.S. presidential candidate Ron DeSantis on Thursday hailed Israel as “one of the most valued and trusted” allies of his country as he visited Jerusalem during a foreign tour designed to burnish his prospects as a statesman. DeSantis noted his opposition, as Florida governor, to pro-Palestinian campaigns to isolate Israel, his…
LONDON (Reuters) – The boss of Britain’s antitrust regulator said blocking Microsoft’s acquisition of ‘Call of Duty’ maker Activision Blizzard was the right decision for the UK after both companies said it sent the wrong message to the global tech industry. The Competition and Markets Authority (CMA) blocked the deal on Wednesday, saying it could…
