By Giuseppe Fonte and Antonella Cinelli ROME (Reuters) -Italy’s economy performed surprisingly poorly in the second quarter, data showed on Monday, offering an uncomfortable outlook for Prime Minister Giorgia Meloni as her government tries to tackle the negative impact of high inflation. Gross domestic product (GDP) contracted by 0.3% on a quarterly basis between April…
MILAN (Reuters) – Pirelli investors on Monday approved a new board for the tyremaker, giving it a new three-year governance set-up after the Italian government last month took steps to curb the influence of the company’s leading Chinese investor. Andrea Casaluci, previously General Manager Operations, has been promoted to CEO, Pirelli said in a statement….
(Reuters) – The U.S. government said on Monday it would trial a new payment program for people who provide dementia care coordination services for patients covered by the Medicare health plan. The program includes services such as personalized assessments, care plans for patients as well as 24/7 access to a support line. Medicare said the…
(Reuters) -Luxury carmaker Aston Martin said on Monday it will launch a 210 million pound ($270.04 million) share placing to speed up its aim to reduce net leverage. Shareholders, who are represented on board, have committed to subscribe 184 million pounds, of which 115 million pounds worth of shares will be bought by Yew Tree…
By Elizabeth Howcroft LONDON (Reuters) – A German data watchdog has been investigating OpenAI CEO Sam Altman’s Worldcoin project since late last year due to concerns over its large-scale processing of sensitive biometric data, the regulator’s president told Reuters. Worldcoin, which launched last week, requires users to give their iris scans in exchange for a…
(Reuters) -Cannabis producers Cresco Labs and Columbia Care Inc have mutually terminated their $2 billion merger announced in March last year, the companies said on Monday. The deal was seen as a bet on a U.S. pot industry boom, and executives then said the combined entity had the potential to be a brand as big…
By Saud Mehsud DERA ISMAIL KHAN, Pakistan (Reuters) – Islamic State on Monday claimed responsibility for the suicide bombing of a political rally in northwest Pakistan held by a religious group allied to the government as the death toll from the attack rose to 45. The bomber struck at a gathering on Sunday of the…
By Pavel Polityuk KYIV (Reuters) – A 10-year-old girl and her mother were among four civilians killed in a Russian air strike on Ukrainian President Volodymyr Zelenskiy’s home town on Monday, officials said, while his forces reported new incremental gains along the front line. Zelenskiy, who had described Sunday as “a good day, a powerful…
By Summer Zhen (Reuters) – Chinese property developer Country Garden Holdings will raise $300 million in a primary placement in an attempt to repay its debts, a term sheet seen by Reuters showed on Monday. The placement consists of 1,800 million company shares at a fixed price of HK$1.30 per share, representing a 17.7% discount…
By Steve Holland WASHINGTON (Reuters) -A White House review on Monday recommended that the FBI’s ability to conduct non-national security queries under a controversial surveillance law be removed as part of reforms aimed at getting the law reauthorized. The Foreign Intelligence Surveillance Act’s Section 702 permits the U.S. government to collect digital communications of foreigners…