ROME (Reuters) – The long-serving chief executive of Pirelli has warned that the tyremaker’s independence is at stake because of the growing influence of its Chinese shareholder Sinochem, the Wall Street Journal reported. Pirelli CEO Marco Tronchetti Provera told government officials in Rome on Tuesday that Sinochem was trying to interfere with Pirelli’s management in…
By Supantha Mukherjee STOCKHOLM (Reuters) – Microsoft-backed OpenAI, the company behind ChatGPT, has no plans to go public any time soon, Chief Executive Sam Altman said at a conference in Abu Dhabi. “When we develop super intelligence, we are likely to make some decisions that most investors would look at very strangely,” Altman said. “I…
By Suban Abdulla LONDON (Reuters) – Half of large multinational companies plan to reduce office space as they adjust to hybrid working patterns, although the cuts are likely to be modest as few plan to go fully remote, a survey from real estate agents Knight Frank showed on Tuesday. Knight Frank said 50% of employers…
BRUSSELS (Reuters) – Retail sales in the euro zone were unchanged in April, Eurostat said on Tuesday, as consumers spent less on food and car fuel, but increased purchases of other products, particularly online. Retail sales volumes in the 20 nations sharing the euro currency was at the same level as in March and was…
UNITED NATIONS (Reuters) – The United Nations General Assembly elected Algeria, Guyana, Sierra Leone, Slovenia and South Korea to the U.N. Security Council on Tuesday for two-year terms starting on Jan. 1, 2024, while Belarus – allied with Russia in its invasion of Ukraine – was denied a spot. Algeria, Guyana, Sierra Leone and South…
By Lisa Richwine LOS ANGELES (Reuters) -Hollywood’s actors union voted to authorize a strike if contract talks break down, turning up the heat on major film and television studios already grappling with a monthlong work stoppage by writers. After voting closed on Monday, SAG-AFTRA said 97.91% of ballots cast supported a strike authorization. Nearly 65,000…
(Corrects number of total hotel projects that have broken ground or are in preconstruction phase in 2023 to 324 from 98 in paragraph five.) By Bianca Flowers and Priyamvada C (Reuters) -Tighter lending standards from regional banks are making it harder for U.S. hotel developers to secure funding, slowing construction of new hotels at a…
ISTANBUL (Reuters) -Emirates President Tim Clark said on Tuesday the airline may order more Airbus A350, Boeing 777X or 787 jets as the Dubai-based carrier renews its fleet and looks ahead to demand through the 2030s. “We are looking at both more A350s, more 777-9 and possibly the 787 range,” Clark told reporters on the sidelines…
MOSCOW/KYIV (Reuters) -A major Soviet-era dam in the Russian controlled part of southern Ukraine was breached on Tuesday, unleashing floodwaters across the war zone in what both Ukraine and Russia said was an intentional attack by the other’s forces. Unverified videos on social media showed water surging through the remains of the dam with bystanders…
By Ludwig Burger and Patricia Weiss FRANKFURT (Reuters) -The CEO of German technology group Merck KGaA said that unravelling trade ties with China would come at great economic cost and she was banking on dialogue to ease tensions between Beijing and Western powers. Belen Garijo, the Spanish CEO of the German drugmaker and manufacturer of…
