News
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Brussels to exempt defence spending from EU budget constraints
EU to propose suspending spending limits for defence investmentsUS has pressed for increased NATO military expenditureMove would have wider implications for government spendingConcerns over market reaction; Italy hails step towards joint financing Adds more quotes and context, paragraph 8 onwardsBy ...Reuters
Fri, Feb 14
Gallagher Re: Global insurtech funding drops 5.6% in 2024 to $4.25bn
By Mia MacGregorFeb 14 - (The Insurer) - Annual insurtech funding fell 5.6 percent last year to $4.25bn, its lowest level since 2018, according to a new report from Gallagher Re.The reinsurance broker's Global InsurTech Report attributed the overall decline to a significant drop in P&C insur...Reuters
Fri, Feb 14
Athletics-Olympic champion Lyles, NFL star Hill to race
NEW YORK, Feb 14 (Reuters) - Olympic 100 metres champion Noah Lyles will race NFL wide receiver Tyreek Hill after months of public jabs, the eight-time Pro Bowler confirmed on social media.Hill, who plays with the Miami Dolphins, challenged Lyles to a 50-yard showdown - using the gridiron game's...Reuters
Fri, Feb 14
Banks sell down more X debt; just $1.3bln now left on their books
By Shankar Ramakrishnan Feb 14 (Reuters) - Banks led by Morgan Stanley MS.N have sold to investors another chunky portion of loans that formed the $13 billion debt supporting Elon Musk's $44 billion acquisition of Twitter, now X, in 2022, a source with knowledge of the deal said.On Thursday, ...Reuters
Fri, Feb 14
Gaza militant groups name three hostages to be released on Saturday
Militants say three hostages will be freed on SaturdayAnnouncement follows mediation by Qatar and EgyptIsrael expected to free Palestinian prisoners, detaineesAdds quote from Hamas in paragraph 17, Israeli military comment in paragraph 18By Nidal al-Mughrabi and James Mackenzie CAIRO/JERUSALEM, F...Reuters
Fri, Feb 14
BRIEF-Stornoway Says It Is Aware Of Suspected Fraud By A Portfolio Co Of Ravensource Fund
Feb 14 (Reuters) - Stornoway: RAVENSOURCE FUND ANNOUNCES UPDATE ON ONE OF ITS PORTFOLIO COMPANIESSTORNOWAY: AWARE OF A SUSPECTED FRAUD BY A PORTFOLIO COMPANY OF RAVENSOURCE FUND THAT CONSTITUTES ABOUT 10.2% OF NAVSTORNOWAY: TAKING STEPS TO MINIMIZE ANY POTENTIAL IMPACTS ON RAVENSOURCE FUND FROM SUSP...Reuters
Fri, Feb 14
Turkish, US top diplomats discuss Syria, Gaza, Ukraine, source says
ANKARA, Feb 14 (Reuters) - Turkey's Foreign Minister Hakan Fidan and U.S. counterpart Marco Rubio discussed Syria, Gaza, and the Ukraine-Russia war, as well as bilateral issues during their first in-person meeting in Munich on Friday, a Turkish foreign ministry source said.Fidan told Rubio about...Reuters
Fri, Feb 14
BRIEF-Earthworks Says Its U.S. Attorneys Will Challenge Order Of U.S. Department Of IBIA
Feb 14 (Reuters) - Earthworks Industries Inc EWK.V:EARTHWORKS INDUSTRIES INC: CO'S U.S. ATTORNEYS WILL CHALLENGE ORDER OF U.S. DEPARTMENT OF IBIA RELATED TO CORTINA LEASESource text: ID:nCNWN5cL4aFurther company coverage: EWK.VReuters
Fri, Feb 14
Oilfield services firm SLB names new chief strategy, performance officer
By Liz Hampton DENVER, Feb 14 (Reuters) - Oilfield services provider SLB SLB.N has named new chief strategy and performance officers, according to a company memo seen by Reuters, the latest steps in a larger reorganization of its global structure.Aparna Raman has been appointed chief strategy and...Reuters
Fri, Feb 14
Brussels to exempt defence spending from EU budget constraints
By Jan StrupczewskiBRUSSELS, Feb 14 (Reuters) - The European Commission will propose exempting defence from EU limits on government spending, the head of the EU executive, Ursula von der Leyen, said on Friday, amid pressure from U.S. President Donald Trump for Europe to finance its own defence.The U...Reuters
Fri, Feb 14
IAEA chief says time running out to reach Iran nuclear deal
IAEA seeking agreement to rein in Iran's nuclear programmeTrump yet to appoint new U.S. envoy on IranIAEA chief says watchdog eagerly awaiting the appointmentComprehensive report on Iran programme likely after March Adds Grossi quotes from paragraph 6 onwardsBy John Irish MUNICH, Feb 14 (Reut...Reuters
Fri, Feb 14
Zelenskiy says he will only meet Putin when Ukraine has a common plan with the US and Europe
Adds Zelenskiy quotesKYIV, Feb 14 (Reuters) - Ukrainian President Volodymyr Zelenskiy said on Friday that the only Russian official he was prepared to talk to was President Vladimir Putin, and that he would only do so once Ukraine had agreed on a common plan with U.S. President Donald Trump and Euro...Reuters
Fri, Feb 14
Fairfax expects $500mn-$750mn net loss from LA wildfires
By Michael LoneyFeb 14 - (The Insurer) - Fairfax Financial expects $500mn to $750mn of net losses from the Los Angeles wildfires, which will primarily come from reinsurance exposure at Odyssey, Brit and Allied World.During an investor call on Friday, Fairfax president and chief operating officer Pet...Reuters
Fri, Feb 14
CDC to lose one-tenth of workforce under Trump administration probationary job cuts - AP
Feb 14 (Reuters) - Nearly 1,300 probationary employees at the Centers for Disease Control and Prevention are being forced out under the Trump administration's move to get rid of all probationary employees, the Associated Press reported on Friday, citing a federal official.Reuters
Fri, Feb 14
UK's Segro plans data centre strategy shift as AI booms
By Aby Jose KoilparambilFeb 14 (Reuters) - Segro SGRO.L, which has historically offered data centres equipped only with power connections, plans to develop full-fledged facilities to directly serve major cloud providers like Amazon, Microsoft MSFT.O, and Alphabet's GOOGL.O Google in a bid to sho...Reuters
Fri, Feb 14
Ben & Jerry's says parent Unilever mandating silence on Trump
By Jonathan Stempel NEW YORK, Feb 14 (Reuters) - Ben & Jerry's accused its parent Unilever ULVR.L of demanding its silence toward U.S. President Donald Trump, as it prepares to spin off the ice cream brand later this year.In a Thursday night filing in Manhattan federal court, Ben & Je...Reuters
Fri, Feb 14
Timby launches new Accelerant-backed motor truck cargo program
By Chris MunroFeb 14 - Timby Specialty Insurance Solutions has added a motor truck cargo program to its product suite.The new offering, which can be written on both admitted and non-admitted bases, is the second program to be offered by inland marine-focused Timby and complements its existing contra...Reuters
Fri, Feb 14
