By Andrea Mandala MILAN (Reuters) -France’s AXA and Credit Agricole are set to submit by the end of the week binding bids for an insurance deal with Italy’s Banco BPM after emerging as the lead contenders in the race, two people close to the matter sai…
UN finds Russia responsible for ‘vast majority’ of potential war crimes in Ukraine
ZURICH (Reuters) – A United Nations commission found Russian forces were responsible for the “vast majority” of human rights violations in the early weeks of the war in Ukraine, including attacks on civilians that were potential war crimes. In a report…
Goldman Sachs names new leadership trio for core units
NEW YORK (Reuters) – Goldman Sachs outlined its leadership team for its new core business units on Tuesday as the Wall Street giant undertakes its biggest overhaul since 2020. The bank named Ashok Varadhan, Dan Dees and Jim Esposito as global co-heads …
Amazon workers in NYC win partial revival of COVID-19 safety lawsuit
By Daniel Wiessner (Reuters) – Amazon.com Inc must face a claim that it failed to protect New York City warehouse workers and their families from COVID-19, a U.S. appeals court ruled on Tuesday while dismissing the bulk of a 2020 lawsuit. The 2nd U.S. …
Lockheed beats estimates on F-35 sales, maintains guidance
By Mike Stone WASHINGTON (Reuters) – U.S. weapons maker Lockheed Martin Corp reported better-than-expected quarterly revenue on Tuesday, helped by higher sales in its aeronautics unit, which makes the F-35 fighter jet, as the company sees demand for ar…
Row over Mussolini photo as Italy’s Meloni readies for power
ROME (Reuters) – An Italian ministry said on Tuesday it would remove from its walls a photo of fascist dictator Benito Mussolini, after its recent display sparked complaints from trade unions and a former minister. Mussolini’s legacy is in the spotligh…
Turbulent markets jolt currency hedge funds from decade-long slumber
By Nell Mackenzie LONDON (Reuters) – Veteran hedge fund manager John Taylor describes one of his favourite Gary Larson cartoons, where one vulture sitting on an animal carcass says to another as more descend: “good friends flying in from all over…thi…
Goldman Sachs unveils revamp as profit shrinks
By Niket Nishant, Noor Zainab Hussain and Saeed Azhar (Reuters) -Goldman Sachs Group Inc unveiled a plan to reorganize its business into three units in its biggest overhaul since 2020, as the Wall Street giant reported a smaller-than-expected 44% slump…
UK seeks to block Chinese recruitment of British military pilots
LONDON (Reuters) -The British government said on Tuesday it was taking steps to stop China trying to recruit serving and former British military pilots to train the Chinese armed forces. The BBC reported on Tuesday that up to 30 former military pilots …
Scuffles break out as French strike to call for higher wages
By Caroline Pailliez and Clotaire Achi PARIS (Reuters) -Dozens of black-clad protesters clashed with police and broke shop windows on Tuesday in Paris on the margins of a march for wage hikes. Regional train traffic was cut by about half as several uni…