By Mathieu Rosemain PARIS (Reuters) – Casino and the holders of its 6.4 billion euros ($7 billion) of debt met at France’s finance ministry on Thursday morning as the beleaguered retailer seeks to thrash out a deal to secure its future, two sources close to the matter said. The meeting, hosted by CIRI – the…
By Mathieu Rosemain PARIS (Reuters) – Casino and the holders of its 6.4 billion euros ($7 billion) of debt met at France’s finance ministry on Thursday morning as the beleaguered retailer seeks to thrash out a deal to secure its future, two sources close to the matter said. The meeting, hosted by CIRI – the…
By Daniel Wiessner (Reuters) – New York’s top state court on Thursday endorsed a broad application of a law prohibiting convicted sex offenders on parole from being within 1,000 feet of schools, rejecting challenges in two lawsuits by men convicted of sex crimes. In a 4-3 ruling, the New York Court of Appeals said the…
CARACAS (Reuters) -The president of Venezuela’s National Electoral Council Pedro Calzadilla on Thursday announced he would resign along with seven other members, ahead of a 2024 presidential election. The country’s opposition has long alleged that the council is biased toward President Nicolas Maduro’s ruling party. A majority of the council’s 15 members, including Calzadilla and…
By Jonathan Stempel NEW YORK (Reuters) -Bayer AG agreed on Thursday to pay $6.9 million to settle claims by New York Attorney General Letitia James that it misled consumers by advertising Roundup weedkiller, which has been linked to cancer, as environmentally safe. The settlement resolves accusations that Bayer and its Monsanto unit failed to substantiate…
By Howard Schneider WASHINGTON (Reuters) – The outlook from U.S. Federal Reserve officials at their meeting this week sees interest rate cuts beginning next year, relief, it would seem, from the ratcheting up of borrowing costs that has been underway since the spring of 2022 and left consumers and businesses grousing about their mortgages and…
MADRID (Reuters) – Ferrovial’s decision to move its holding company to the Netherlands to try to speed up a U.S. listing could have an adverse impact on its brand in Spain, the company said in a document published on Thursday. The Spanish construction giant, which is expected to complete a dual listing in Amsterdam and…
(Reuters) – ChatGPT will soon hit the road. Mercedes-Benz on Thursday said U.S. drivers could power some of their luxury vehicles with ChatGPT in a test program starting June 16. Compatible with some 900,000 vehicles that have the automaker’s “MBUX” systems, ChatGPT will download over the air after drivers opt in via a Mercedes app…
By Julie Zhu, Kane Wu and Selena Li HONG KONG (Reuters) -Goldman Sachs Group is cutting more than 30 banking jobs in Asia, two sources with knowledge of the matter said, as a challenging markets environment weighs on Wall Street banks’ dealmaking and trading revenues. The reduction in regional jobs, most of which are in…
By Paul Sandle LONDON (Reuters) -It has taken months of tortuous negotiations for Vodafone and CK Hutchison to agree a deal to create Britain’s biggest mobile operator, but from a regulatory standpoint the hard work is only just beginning. The $19 billion tie-up will be scrutinised by Britain’s Competition and Markets Authority, the antitrust regulator…
