MADRID (Reuters) – International Airlines Group’s Spanish airline Iberia named Fernando Candela as its new acting president and chief executive officer, replacing Javier Sanchez-Prieto. Candela will take over from Sanchez-Prieto in July and lead the company until the end of the year, IAG said in a statement on Thursday. Candela, who has been CEO since…
By Alexander Marrow MOSCOW (Reuters) – Already Russia’s dominant lender, state-owned Sberbank has become one of the country’s leading technology players, taking on an increasingly important role as sanctions and exiting rivals create gaps only a handful of firms can fill. Once a Soviet savings behemoth, Sberbank’s image has gradually been transformed under CEO German…
NAIROBI (Reuters) -A Kenyan cult leader accused of ordering his followers to starve themselves to death will be detained by police until a hearing on Friday, a court ruled on Tuesday as investigators searched for more bodies in a forest where 101 corpses have already been unearthed. Kenyan authorities say the dead were members of…
FRANKFURT (Reuters) – Austria’s Raiffeisen Bank International, one of the banks in Europe most exposed to Russia, posted a bigger-than-expected 49% rise in profit in the first quarter. Net profit in the quarter was 657 million euros ($724.28 million), up from 442 million euros a year earlier, the bank said. Analysts had expected profit of…
By Amy-Jo Crowley, Pablo Mayo Cerqueiro and Andres Gonzalez LONDON (Reuters) – Blackstone is weighing options for Spanish gambling company Cirsa, including an initial public offering (IPO), people familiar with the matter told Reuters. The U.S. buyout group recently invited proposals from investment banks to manage a possible share sale and refinancing of Cirsa’s debt,…
MOMBASA, Kenya (Reuters) – A Kenyan court on Thursday released on bond a televangelist detained last week as part of an investigation into the deaths of dozens of people whom police say starved themselves to death on the instructions of a cult leader. Kenya’s interior minister accused Pastor Ezekiel Odero after his arrest last Thursday…
(Reuters) – Lockheed Martin is realigning its space business operations, transitioning from five lines of business to three to enhance speed and effectiveness, the defense contractor said on Thursday. The rejig comes as simmering geopolitical tensions fuel demand from both the United States and international customers. The three lines of business include Commercial Civil Space,…
(Reuters) – The death of a man who was placed in a chokehold by a fellow passenger on a New York City subway train earlier this week has been ruled a homicide by the city’s medical examiner as calls for an arrest in the incident have intensified. The deceased man, identified as 30-year-old Jordan Neely,…
By Nandita Bose and David Shepardson WASHINGTON (Reuters) -President Joe Biden attended a White House meeting with CEOs of top artificial intelligence companies, including Alphabet Inc’s Google and Microsoft, on Thursday to discuss risks and safeguards as the technology catches the attention of governments and lawmakers globally. Generative artificial intelligence has become a buzzword this…
WASHINGTON (Reuters) – U.S. Vice President Kamala Harris on Thursday told the chief executives of tech companies including Microsoft and Google they have a “legal responsibility” to ensure the safety of their artificial intelligence products. Harris and President Biden are open to advancing new regulations and supporting new legislation on artificial intelligence, she said. The…
