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Exclusive-German minister is set to meet UniCredit's CEO in first direct Commerzbank talks
11+ hour ago (525+ words) BERLIN, Aug 26 (Reuters) - German Finance Minister Lars Klingbeil plans to meet UniCredit CEO Andrea Orcel, sources told Reuters, the clearest sign yet that Berlin will engage directly with the Italian bank over its Commerzbank takeover attempt. The German government, which…...
Germany's export expectations reach 4-year high in August, Ifo says
18+ hour, 1+ min ago (325+ words) By Maria Martinez and Rene Wagner BERLIN, Aug 26 (Reuters) - Sentiment in the German export industry has improved sharply, reaching its highest level since February 2022, the Ifo Institute said on Wednesday, helped by government-backed investment and increased use of artificial intelligence....
Apple to launch next iPhone on September 9 in first major event under new CEO Ternus
10+ hour, 52+ min ago (373+ words) Aug 26 (Reuters) - Apple is set to host its next launch event on September 9, where the company is expected to unveil its newest iPhone series and potentially its long-awaited foldable phone. The first foldable iPhone is expected to be a crucial…...
SNB's Martin says "robust" level of capital not a disadvantage for banks
10+ hour, 17+ min ago (211+ words) BASEL, Aug 26 (Reuters) - Banks holding a "robust" amount of capital are not necessarily at a commercial disadvantage to rivals, Swiss National Bank Vice Chairman Antoine Martin said on Wednesday, as Swiss lawmakers prepare to discuss tougher capital requirements for UBS....
Volkswagen CEO, labour boss set for clash as crucial board meeting nears
13+ hour, 18+ min ago (382+ words) OSNABRUECK, Germany, Aug 26 (Reuters) - Volkswagen's management and labour leaders hardened their positions on Wednesday ahead of a crucial board meeting next week, with CEO Oliver Blume pushing for deeper cost cuts and unions opposing layoffs and plant closures in the…...
Oil falls as investors focus on Hormuz talks
14+ hour, 42+ min ago (413+ words) Aug 26 (Reuters) - Oil prices fell more than 1.5% on Wednesday, as investors focused on Strait of Hormuz talks between Iran and Oman, while shipping disruption continued in the major oil-exporting region. Brent crude futures were down $1.65, or 1.86%, to $86.93 a barrel at…...
FTSE 100 edges lower as healthcare, energy stocks weigh; Iran-Oman talks in focus
12+ hour, 10+ min ago (227+ words) Aug 26 (Reuters) - London's FTSE 100 edged lower on Wednesday as healthcare and energy stocks weighed on sentiment, while investors also assessed U.S. inflation data and waited for Nvidia's quarterly earnings. The blue-chip FTSE 100 index declined 0.07% to 10,878.12 points, retreating after six straight sessions…...
Meta reaches $18 billion of settlements over children's social media addiction
13+ hour, 3+ min ago (858+ words) By Diana Novak Jones and Jonathan Stempel Aug 26 (Reuters) - Meta Platforms agreed to make major changes to Facebook and Instagram and pay up to $18 billion to resolve claims by most U.S. states that it designed those platforms to addict children and…...
Lidl-owner to invest billions on data centre in northern Germany, FAZ says
14+ hour, 41+ min ago (109+ words) Aug 26 (Reuters) - German supermarket conglomerate Schwarz Group, which owns the discount retailer Lidl, plans to invest billions of euros to build a data centre in northern Germany, the Frankfurter Allgemeine Zeitung reported on Wednesday. • Data centre to be built near…...
Exclusive-China's Moonshot in talks with Microsoft, Amazon, Google over K3 revenue sharing, sources say
20+ hour, 27+ min ago (557+ words) BEIJING/SINGAPORE, Aug 26 (Reuters) - China's Moonshot AI is negotiating revenue-sharing agreements with Microsoft, Amazon and Alphabet's Google that would allow the U.S. cloud giants to host its blockbuster Kimi K3 model, three people familiar with the talks said. Any deal could mark…...