Generali to buy Liberty Mutual’s Spanish Unit in $2.5 billion all-cash deal

ROME (Reuters) -Generali will buy out the Spanish unit of U.S. insurer Liberty Mutual for 2.3 billion euros ($2.51 billion), in a move aimed at strengthening its property and casualty segment, Italy’s top insurer said on Thursday. “Generali is acquiring a profitable insurance business in three growing European markets with very attractive characteristics, that will…

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World Bank’s new chief wants ‘better bank’ before pushing for bigger bank

By David Lawder MANDEVILLE, Jamaica (Reuters) -World Bank President Ajay Banga wants to focus on improving the development lender so that he can earn the right to press member countries for more capital, as the new chief looks to expand its role in fighting climate change, pandemics and other crises. Banga said in an interview…

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Health insurers slammed after UnitedHealth says more surgeries driving up costs

By Bhanvi Satija and Leroy Leo (Reuters) -Health insurer stocks dropped sharply on Wednesday after UnitedHealth Group said its costs were on the rise due to an increase in surgeries among older adults. Shares of UnitedHealth, the largest U.S. healthcare provider by market value, closed down 6.4% at $459.86, wiping out roughly $29 billion from…

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‘Stop killing us’: Polish women protest against strict anti-abortion law

By Agnieszka Pikulicka-Wilczewska WARSAW (Reuters) – Abortion rights supporters marched through several cities in Poland on Wednesday after the death of a pregnant woman whose family believe she could have survived if she had been offered a termination. Protesters chanted “stop killing us” as they marched through the capital Warsaw towards the health ministry headquarters,…

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US appeals court revives Prudential shareholder case

By Jody Godoy (Reuters) – A U.S. appeals court on Tuesday partly revived a shareholder lawsuit against Prudential Financial Inc alleging the insurer concealed a shortfall with its individual life insurance policy reserves in 2019. The 3rd U.S. Circuit Court of Appeals said investors had a plausible claim the insurer falsely downplayed mortality among policyholders…

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Upside Foods secures USDA approval for its cultivated meat

By Leah Douglas (Reuters) -California’s Upside Foods said on Wednesday it received regulatory approval from the U.S. Department of Agriculture for the label on its cell-cultivated chicken, making it the second company in the United States to secure that approval. Several companies are seeking approval from U.S. regulators for cultivated meat and fish products, hoping…

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“Silvio, Silvio” – Berlusconi divides Italy even at his funeral

By Emilio Parodi and Giulio Piovaccari MILAN (Reuters) -Italy bade farewell to four-times prime minister Silvio Berlusconi on Wednesday at a funeral befitting the business tycoon’s colourful life, with mourners bellowing football chants and politicians arguing over a day of national mourning. Crowds waving the flags of the AC Milan soccer club Berlusconi used to…

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