(Reuters) – Germany’s Finance Minister Christian Lindner refuses to meet Intel Corp’s demands for higher subsidies for its chip plant in the country, saying that there is no money in the budget, Financial Times reported on Sunday. “There is no more money available in the budget,” the newspaper quoted Lindner as saying in an interview,…
(Reuters) -The Pacific Maritime Association (PMA), which represents terminal operators, said in a tweet on Saturday that coordinated and disruptive work actions led by the International Longshore and Warehouse Union (ILWU) have shut down cargo operations at the Port of Seattle. “On the first shift today, the ILWU refused to dispatch any longshore workers to…
(Reuters) – Twitter has refused to pay its Google Cloud bills as its contract comes up for renewal this month, which could result in the social media company’s trust and safety teams being crippled, Platformer reported on Saturday. Before Elon Musk’s takeover of the social media platform last year, Twitter signed a multi-year contract with…
(Reuters) – The Pacific Maritime Association (PMA) said in a tweet on Saturday that coordinated and disruptive work actions led by the International Longshore and Warehouse Union (ILWU) have shut down cargo operations at the Port of Seattle. “On the first shift today, the ILWU refused to dispatch any longshore workers to container terminals, the…
(Reuters) – Crispin Odey, one of Britain’s best-known hedge fund managers, is leaving Odey Asset Management following allegations of sexual misconduct, the firm’s executive committee said on Saturday. The Financial Times and Tortoise, in a joint publication on Thursday, reported allegations by 13 women that Odey had sexually assaulted or harassed them over a 25-year…
By Carolina Mandl and Nell Mackenzie NEW YORK/LONDON (Reuters) -Crispin Odey, one of Britain’s best-known hedge fund managers, will be leaving the company he founded, Odey Asset Management, following allegations of sexual misconduct, the firm’s executive committee said on Saturday. The Financial Times and Tortoise, in a joint publication on Thursday, reported allegations by 13…
(Reuters) -Credit Suisse Group AG Chief Executive Ulrich Koerner has indicated that the emergency takeover of the bank by UBS AG will close on Monday, Bloomberg News reported on Saturday, citing an internal memo. “While Monday brings to an end this chapter in our history, it is also the beginning of a new and exciting…
LONDON (Reuters) – “Call of Duty” maker Activision Blizzard has been given permission to intervene in Microsoft’s legal battle with Britain’s anti-trust regulator over its decision to block the $69 billion takeover. Microsoft is appealing against the Competition and Markets Authority’s (CMA) decision to veto the deal, which it did in April on the grounds…
By Elvira Pollina and Akriti Sharma MILAN (Reuters) -U.S. fund KKR strengthened its lead in the race to secure the landline grid of Telecom Italia (TIM) when it offered to raise its bid by up to or over 2 billion euros ($2.2 billion), two people with knowledge of the matter said. The value of KKR’s…
BERLIN (Reuters) – The CEO of Germany’s largest defence contractor Rheinmetall said he expected a further boost to the company’s stock market value due to the Ukraine war and increased defence spending in Europe. “Our operating income in 2025 should be about 1.5 billion euros ($1.6 billion), maybe even 1.7 billion euros. For a fair…