LONDON (Reuters) – A serving member of Britain’s armed forces has been charged with offences under the Official Secrets Act after an investigation by counter-terrorism police, London’s Metropolitan police said on Saturday. The Met said 36-year-old Thomas Newsome was initially arrested on April 18 and was charged late on Friday. He will appear at Westminster…
SAO PAULO (Reuters) – Brazilian telecom firm Oi SA said late Friday it decided to postpone the release of its 2022 financial statements to May 22, after an expected presentation of its judicial reorganization plan. The company, which entered into a second bankruptcy protection in March just months after it emerged from similar proceedings, said…
MILAN (Reuters) – Italy’s Treasury said it has frozen the assets held in the country by Russian businessman Artem Uss, who dodged Italian authorities trying to extradite him to the United States and fled to Russia last month. Uss was under house arrest at his home in Basiglio on the outskirts of Milan, but he…
By Tim McLaughlin (Reuters) – Hatfield’s Ferry Power Station, a Pennsylvania coal-fired power plant, stopped producing electricity in 2013. Its closure came in a wave of coal-plant shutdowns triggered by competition from cheaper, cleaner natural gas and incentives in the U.S. Clean Air Act. But the facility’s legacy of smog pollution continued long after it…
By Hyunjoo Jin SAN FRANCISCO (Reuters) -Tesla’s market share in its key California market tumbled in the first quarter of the year despite aggressive price cuts as rivals stepped up, data showed on Friday. Tesla Inc controlled 59.6% of the battery electric market in California from January to March, down from 72.7% for all of…
(Reuters) -Swiss lender Zuercher Kantonalbank, known locally as ZKB, has held takeover talks with GAM Holding AG, the Financial Times reported on Saturday, citing people familiar with the matter. ZKB is one of several companies considering a purchase of Zurich-headquartered asset manager GAM, the newspaper said. London-listed Liontrust Asset Management said earlier this week it…
(Reuters) – Swiss lender Zurcher Kantonalbank, known locally as ZKB, has held takeover talks with GAM Holding AG, the Financial Times reported on Saturday, citing people familiar with the matter. ZKB is one of several companies considering a purchase of GAM. London-listed Liontrust Asset Management also said earlier this week that it was discussing a…
LONDON (Reuters) – The Confederation of British Industry (CBI) trade organisation has suspended all policy and membership work until June after a slew of businesses quit following staff complaints about workplace misconduct and allegations of rape by two women. Below is some information about the CBI and its role: WHAT IS THE CBI? Founded in…
(Reuters) – Alphabet Inc Chief Executive Sundar Pichai received total compensation of about $226 million in 2022, more than 800 times the median employee’s pay, the company said in a securities filing on Friday. Pichai’s compensation included stock awards of about $218 million, the filing showed. The pay disparity comes at a time when Alphabet,…
By Ross Kerber (Reuters) – Republican federal and state lawmakers, governors, and attorneys general are pushing back on growing efforts by investors and executives to include environmental, social and governance (ESG) factors in their business decision making. In all 39 bills targeting aspects of ESG were filed as of the end of 2022, of which…
