France looks to elusive EU capital market to fix start-up funding
France is banking on a new push to integrate the European Union’s fragmented capital markets to give them the scale needed to wean its flourishing startup sector off of ...
OpenAI sets up safety committee as it starts training new model
OpenAI has formed a Safety and Security Committee which will be led by CEO Sam Altman as it begins training its next artificial intelligence model, the AI startup said this ...
EU response to crises over five turbulent years: braver, greener, fairer
By Maria Demertzis
In 2019, ahead of that year’s European elections, my colleague Guntram Wolff, at the time Bruegel’s director, and I edited a collection of essays written by ...
PwC to become OpenAI’s largest enterprise customer
Accounting giant PwC will become the largest customer and first reseller of OpenAI’s enterprise product as part of a new deal, according to a report by the Wall Street ...
Abercrombie & Fitch raises annual sales growth target as trendy styles drive demand
Abercrombie & Fitch (ANF.N) raised annual sales growth forecast and beat first-quarter estimates this week, expecting new and on-trend apparel and accessories to drive demand at its Hollister and ...
T-Mobile to buy US Cellular’s wireless operations in $4.4 billion deal
T-Mobile (TMUS.O) will buy almost all of regional carrier United States Cellular’s (USM.N) wireless operations including customers, stores and 30 per cent of its spectrum assets in a ...
EU in touch with Telegram as it nears criterion for EU tech rules
EU tech regulators are in touch with messaging app Telegram as it nears a key usage criterion that could see it subject to more stringent requirements under a landmark EU ...
Turkish economy expands 5.7 per cent in Q1 on strong domestic demand
Turkey’s economy grew 5.7 per cent in the first quarter of the year, in line with expectations, official data showed on Friday, growing strongly as domestic demand boosted the economy.
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JPMorgan to grow India headcount by 5-7 per cent for next few years
PMorgan Chase (JPM.N) plans to grow its headcount in India by 5 per cent-7 per cent annually over the next few years, a senior executive told Reuters, as the Wall ...
El Al Airlines to make new planes choice in a few weeks
El Al Israel Airlines (ELAL.TA) is expected to make a long-awaited decision on an order of around 30 short-haul aircraft in “a few weeks”, Chief Financial Officer Yancale Shahar said ...
Inflation up in three German states, pointing to slight national rise
Inflation in three German states inched up in May, preliminary data showed, suggesting that national inflation in Europe’s biggest economy may rise slightly, although price growth did decline in ...
Dubai’s sovereign wealth fund ICD posts 68 per cent jump in 2023 profit
The Investment Corporation of Dubai, the government’s main investment arm, reported a 68 per cent increase in 2023 net profit this week, buoyed by its transportation, banking and financial services assets.
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EU should delay implementing some bank rules if US drags feet, Villeroy says
The European Union “could and should” delay the implementation of certain bank capital rules if the US drags its feet too long on fully implementing the Basel III rules, according ...
Hess shareholders sign off on $53 billion sale to Chevron
Hess (HES.N) shareholders this week approved the proposed $53 billion merger with Chevron (CVX.N) that paves the way for the No. 2 US oil company to gain a prize asset ...
Airfares peaking as travellers in Europe, Asia seek savings
Airfares in Europe and Asia are starting to plateau or fall in a sign that a prolonged post-COVID travel boom is waning, delivering a setback for airlines struggling with higher ...
Israeli-Turkish trade on life support as relations hit bottom
Israeli-Turkish trade has weathered many bilateral diplomatic storms over the decades and stayed on course, reaching billions of dollars a year, but Israelis fear it may not survive the latest ...
EU markets watchdog warns companies over calls with analysts
Companies should not share market sensitive information with external analysts ahead of financial statements, the European Union’s securities watchdog said this week.
The European Securities and Markets Authority (ESMA) ...
UK retail sales bounce back in May, price growth slows
British retail sales bounced back in May after a slump in April that could have been caused by the timing of Easter and bad weather, while prices charged by shops ...
HSBC completes sale of Russian unit to Expobank
HSBC (HSBA.L) has transferred ownership of its Russian unit to Expobank for an undisclosed fee, the two lenders said on Wednesday, ending around two years of negotiations and uncertainty.
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Oil prices gain on expectations of OPEC+ extension to output cuts
Oil prices rose on Wednesday on expectations that major producers will extend output cuts at a meeting on Sunday and that fuel consumption will start rising with the start of ...
Rating firms cautious ratifying some private credit loans
Banks and insurers are making more requests to US credit agencies for ratings on their risky loans to private equity funds that are secured against the value of their portfolio ...
UBS lifts S&P 500’s year-end target to Street high of 5,600
UBS Global Research raised its year-end target for the benchmark S&P 500 index to 5,600 points on Tuesday, marking the highest forecast among major brokerages.
The upgraded target reflects an ...
Five UK market hotspots to watch ahead of the election
As Britain prepares for a general election in early July, and polls indicate the opposition Labour party could return to power for the first time in nearly 15 years, market analysts ...
Oil edges up on US fuel demand expectations ahead of OPEC+ meeting
Oil prices edged up in Asia on Tuesday, extending gains from the previous session, buoyed by expectations of strong fuel demand from the US during the summer, and ahead of ...