DUBAI (Reuters) – Bahrain granted its first “golden licences” offering special benefits to five companies that have made large-scale investment projects in the small state totalling more than $1.4 billion, it said on Thursday. The licences, granted to Citi, Eagle Hills Diyar W.L.L, Infracorp, Saudi Telecommunication Company and Whampoa Group, give those companies a set…
By Ross Kerber (Reuters) – A U.S. congressional leader on Wednesday issued a subpoena seeking information from climate activists over antitrust issues, joining other Republicans who have criticized companies’ growing concern for environmental, social and governance (ESG) matters. Jim Jordan, chair of the House Judiciary Committee, wrote in a letter to a lawyer for Boston-based…
By Cassandra Garrison MEXICO CITY (Reuters) -Mexican farmers on Thursday ended a protest at an airport in the northern state of Sinaloa and agreed to meet with the local governor after Mexican President Andres Manuel Lopez Obrador said he would not negotiate with the demonstrators. Baltazar Valdez, president of the United Farm Workers of Sinaloa,…
FRANKFURT (Reuters) – European Central Bank policymakers began this week a debate on evening out the “corridor” between the ECB’s three interest rates, in a first step towards an era in which money is scarcer, five sources told Reuters. The change, which was parked for now and is also unlikely in July, would be part…
(Corrects first name of incoming Pirelli CEO in para 11) MILAN (Reuters) – Pirelli’s CEO said in a recent private meeting that he is “very confident” Rome will use its Golden Power to curb Chinese influence over the Italian tyremaker, deemed a strategic asset, a person with knowledge of the matter said. Italy’s right-wing government…
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 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…
