News
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Euro area yields rise, Iran-Israel ceasefire and fiscal outlook in focus
By Stefano Rebaudo June 25 (Reuters) - Euro zone government bond yields rose on Wednesday as investors processed concerns about increased fiscal spending across the euro area and kept a wary eye on the Iran-Israel ceasefire. Germany's cabinet approved a draft budget with record investments on...Reuters
Wed, Jun 25
Microsoft sued by authors over use of books in AI training
By Blake Brittain June 25 (Reuters) - Microsoft MSFT.O has been hit with a lawsuit by a group of authors who claim the company used their books without permission to train its Megatron artificial intelligence model.Kai Bird, Jia Tolentino, Daniel Okrent and several others alleged that Microsoft u...Reuters
Wed, Jun 25
Overlook’s Kabir expects near-term liquidity events for insurtech LPs to drive further investment
By James ThalerJune 24 - (The Insurer) - The bar for (re)insurance firms deploying capital to insurtech venture funds has become “extremely high”, said Overlook Ventures founding partner Amir Kabir, who added that near-term liquidity events should drive more investment from strategics.“When you were...Reuters
Wed, Jun 25
Trump says Spain will pay more in trade deal after refusal to meet NATO defense spending targets
By Jeff Mason THE HAGUE, June 25 (Reuters) - President Donald Trump said on Wednesday that the United States will make Spain pay twice as much for a trade deal after the country's refusal to meet a NATO defense spending target of 5% of gross domestic product. NATO leaders backed a big...Reuters
Wed, Jun 25
Soccer-Mbappe back in training with Real Madrid at Club World Cup
PALM BEACH GARDENS, Florida, June 25 (Reuters) - Kylian Mbappe resumed training with his Real Madrid teammates on Wednesday after recovering from acute gastroenteritis, just ahead of his team's decisive Group H game at the Club World Cup against RB Salzburg.The France forward was briefly admitte...Reuters
Wed, Jun 25
Stellantis has started review of long-term strategic plans, says new CEO
PARIS, June 25 (Reuters) - Stellantis' STLAM.MI has begun reviewing its long-term strategic plan, new Chief Executive Antonio Filosa told staff on Wednesday, in his first public appearance since officially taking over as head of world's No. 4 automaker. "We have already started looki...Reuters
Wed, Jun 25
NATO commits to spending hike sought by Trump, and to mutual defence
NATO countries to raise defence spending to 5% of GDPAlliance members restate commitment to mutual defenceShort summit designed to placate US PresidentTrump condemns Spanish stance on spending targetMacron links spending to transatlantic trade tensionsBy Andrew Gray, Sabine Siebold and Jeff Mason ...Reuters
Wed, Jun 25
Fed's Powell: Direction of travel on gov't data collection is concerning
June 25 (Reuters) - Federal Reserve Chair Jerome Powell on Wednesday said budget reductions that have limited some of the economic data from federal agencies have not yet impacted the central bank's ability to sufficiently gauge the U.S. economy's strength and direction, but the trend of dim...Reuters
Wed, Jun 25
Trump administration sues Maryland federal judges over order blocking deportations
Bringing a lawsuit against federal judges is unusualAt issue is order blocking deportations for two business daysJustice Department claims judicial overreachBy Nate Raymond June 25 (Reuters) - President Donald Trump's administration is escalating its battle with the U.S. judiciary over ruling...Reuters
Wed, Jun 25
Trump says he is considering three or four candidates for next Fed chair
THE HAGUE, June 25 (Reuters) - President Donald Trump called Federal Reserve Chair Jerome Powell "terrible" and said he knows three or four people who are contenders for the next chair of the Federal Reserve."I know within three or four people who I'm going to pick," Trump told r...Reuters
Wed, Jun 25
Exclusive: Fidelis Syndicate 3123 targets further growth with 33% mid-year pre-emption
Syndicate 3123 targeting now targeting GWP of 588 million pounds for 2025Mid-year pre-emption of 33.8% fuelled by fresh capital raiseBacked by private capital through partnership with Hampden AgenciesBy Ryan HewlettJune 25 - (The Insurer) - The Fidelis Partnership is to grow the top line of Syndicat...Reuters
Wed, Jun 25
For first time, Webb telescope discovers an alien planet
Young gas giant planet is about the same mass as SaturnIt is the least massive exoplanet ever directly imagedWebb had previously studied already-known exoplanetsBy Will Dunham WASHINGTON, June 25 (Reuters) - In addition to providing a trove of information about the early universe, the James Webb ...Reuters
Wed, Jun 25
Greek court orders pre-trial detention of Azeri accused of espionage
ATHENS, June 25 (Reuters) - A Greek court ordered the pre-trial detention on Wednesday of a 26-year-old Azeri man charged with espionage on the island of Crete which is home to a NATO military base, sources and the Athens News Agency said. The man, who has a temporary Polish residence permit, was ar...Reuters
Wed, Jun 25
Springer Nature says it has good relationship with U.S. federal agencies
June 25 (Reuters) - German publishing group Springer Nature SPGG.DE continues to have a good relationship with U.S. federal agencies and sees no material change to its customers and their spend across the U.S., the company told Reuters on Wednesday.The comments follow a report by Axios in which it s...Reuters
Wed, Jun 25
BBVA to decide whether to proceed with bid as Sabadell weighs sale of TSB
BBVA says all options on table, including withdrawal or appealSabadell weighs options for potential sale of TSBSantander among suitors for TSB, sources sayCiti does not see Madrid's conditions preventing BBVA bidBBVA is analysing impact on cost savingsBy Jesús Aguado SANTANDER, Spain, June 25...Reuters
Wed, Jun 25
CORRECTED-Wawanesa's Johnston targets growth in commercial lines and possible M&A
By Chris MunroJune 24 - (The Insurer) - Wawanesa Insurance CEO Evan Johnston has set his sights on strengthening and expanding the company’s position in Canada’s P&C market, with further personal and commercial lines growth firmly in focus and M&A also a possibility.Johnston took the helm at...Reuters
Wed, Jun 25
Trump says he will speak to Putin soon about ending Ukraine war
THE HAGUE, June 25 (Reuters) - U.S. President Donald Trump said on Wednesday after talks with Ukraine President Volodymyr Zelenskiy that he is considering sending more Patriot missile batteries to Ukraine to help Kyiv fend off Russian attacks. Trump said the anti-missile missiles are "very hard ...Reuters
Wed, Jun 25
