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Industry seeks clarity on UK ransomware payment ban
By Rebecca DelaneyJuly 2 - (The Insurer) - Twelve weeks on from the conclusion of the UK government consultation on plans to reduce ransomware payments, insurers are awaiting clarity on what these measures may mean for firms’ operational and security risks.Coalition's Seymour: Ban won't impa...Reuters
Wed, Jul 2
PRESS DIGEST - Wall Street Journal - July 2
July 2 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.- Paramount Global PARA.O said it has agreed in principle to pay $16 million to settle a lawsuit with President Trump over a "60 Minutes&#...Reuters
Wed, Jul 2
Greggs Anticipates Full Year Operating Profit Could Be Modestly Below That Achieved In 2024
July 2 (Reuters) - Greggs PLC GRG.L:FIRST HALF 2025 TRADING UPDATEEXPECTS FULL YEAR OPERATING PROFIT TO BE BELOW 2024REPORTS 2.6% LFL SALES GROWTH IN H1 2025GREGGS - EXPECTS FIRST HALF OPERATING PROFIT TO BE LOWER THAN H1 2024GREGGS - PLANNED COST MITIGATION MEASURES ARE EXPECTED TO ENHANCE SECOND H...Reuters
Wed, Jul 2
PRESS DIGEST- New York Times business news - July 2
July 2 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.- Paramount PARA.O has agreed to pay U.S. President Donald Trump $16 million to settle his lawsuit over the editing of an interview ...Reuters
Wed, Jul 2
CEO compensation in 2024: the industry's top earners revealed
By Carlos PallordetJuly 2 - (The Insurer) - Average CEO compensation across listed P&C (re)insurers and brokers increased by 15% to $9.0 million in 2024, according to analysis by The Insurer.“As reported” CEO compensation rose by 15% in 2024 (versus 17% in 2023)Arch CEO Nicolas Papadopoulo tops ...Reuters
Wed, Jul 2
KKR agrees to buy Spectris in $6.5 billion deal, tops Advent offer
July 2 (Reuters) - Britain's Spectris SXS.L has accepted an improved takeover offer from U.S. private equity firm KKR KKR.N, valuing the scientific instruments maker at about 4.7 billion pounds ($6.46 billion), including debt, the companies said on Wednesday.Spectris said its board has decided t...Reuters
Wed, Jul 2
REFILE-Soccer-Plenty of time for Bellingham brothers clash, says Kovac after Jobe's CWC suspension
ATLANTA, Georgia, July 2 (Reuters) - Jobe Bellingham may want to steer clear of tackling when the clock ticks over to the 28th minute of his next match.The midfielder was on track to face his brother Jude of Real Madrid in the Club World Cup quarter-finals but after picking up a yellow card in Borus...Reuters
Wed, Jul 2
Shell to update certain US filings due to EY's non-compliance with rules
July 2 (Reuters) - Energy giant Shell SHEL.L said on Wednesday it would update its 2023 and 2024 form 20-Fs filed with the U.S. Securities and Exchange Commission due to auditor EY's non-compliance with the regulator's audit partner rotation rules.Shell said the financial statements remained...Reuters
Wed, Jul 2
Ukrainian aid projects wither as Western funding drops
Ukraine by far the largest recipient of US aid since 2022Trump's move to slash funding having a 'critical impact'European allies boost defence spending and reduce aid budgetsPainful cuts to humanitarian projects in UkraineBy Elizabeth Piper, Vitalii Hnidiy KHARKIV, Ukraine, July 2 (Re...Reuters
Wed, Jul 2
EXPLAINER-How will the Dalai Lama's successor be chosen?
By Krishna N. Das DHARAMSHALA, India, July 2 (Reuters) - The choice of a successor to the Dalai Lama, the spiritual head of Tibetan Buddhists, is a matter of riveting interest not only for followers of his religion, but also China, India, and the United States, for strategic reasons.The Nobel pe...Reuters
Wed, Jul 2
US bombing "seriously damaged" Iran's Fordow nuclear site, FM says
July 2 (Reuters) - The U.S. bombing of Iran's key Fordow nuclear site has "seriously and heavily damaged" the facility, Iranian Foreign Minister Abbas Araqchi said in an interview with CBS News. "No one exactly knows what has transpired in Fordow. That being said, what we know so far...Reuters
Wed, Jul 2
China Communist Party magazine calls for crackdown on price wars
HONG KONG, July 2 (Reuters) - A prominent Chinese Communist Party publication called for a crackdown on forms of competition that fuel price wars and squeeze profits in various industries, criticising big firms and local governments for unfair practices. In the most strongly-worded Communist Party w...Reuters
Wed, Jul 2
Japanese long-term bond yields slip as trade talks flounder
SINGAPORE, July 2 (Reuters) - Japanese government bonds rose slightly on Wednesday, pushing yields at the long-end of the curve down, as protracted trade negotiations and uncertainty around upcoming national elections spurred a bid for safe-haven bonds.Reuters
Wed, Jul 2
Japan tariff negotiator planning 8th US visit as early as this weekend, TV Asahi reports
TOKYO, July 2 (Reuters) - Japan's tariff negotiator Ryosei Akazawa is arranging his eighth visit to the United States for trade talks as early as this weekend, broadcaster TV Asahi reported on Wednesday.Reuters
Wed, Jul 2
Sinovac Biotech Says Proxy Advisory Firm Glass Lewis Recommends Sinovac Shareholders Vote To Keep Current Board In Place
July 2 (Reuters) - Sinovac Biotech Ltd SVA.O:SINOVAC BIOTECH LTD- INDEPENDENT PROXY ADVISORY FIRM GLASS LEWIS RECOMMENDS SINOVAC SHAREHOLDERS VOTE TO KEEP CURRENT BOARD IN PLACEReuters
Wed, Jul 2
Merger of French and Swiss business software firms heralds new unicorn
ZURICH, July 2 (Reuters) - A merger between French business software provider LumApps and its Swiss peer Beekeeper will create a new unicorn worth about $1.1 billion, the two companies said.The deal announced on Wednesday, which is due to complete this month, is backed by British private equity grou...Reuters
Wed, Jul 2
Soccer-Real Madrid quarter-final just a bonus for 'overperforming' Dortmund
ATLANTA, Georgia, July 1 (Reuters) - Borussia Dortmund coach Niko Kovac said a date in the Club World Cup quarter-finals against Real Madrid was just a bonus for his overperforming team, who held off a second-half comeback from Monterrey to win 2-1 in the round of 16 on Tuesday.Two goals from Serhou...Reuters
Wed, Jul 2
Paramount Global Says It Has Reached An Agreement In Principle To Resolve Lawsuit Filed By President Trump
July 2 (Reuters) - Paramount Global PARA.O:PARAMOUNT GLOBAL - PARAMOUNT HAS REACHED AN AGREEMENT IN PRINCIPLE TO RESOLVE LAWSUIT FILED BY PRESIDENT TRUMPPARAMOUNT GLOBAL - NO AMOUNT WILL BE PAID DIRECTLY OR INDIRECTLY TO PRESIDENT TRUMP OR REP. JACKSON PERSONALLYPARAMOUNT GLOBAL - UNDER TERMS OF SE...Reuters
Wed, Jul 2
