News
Important Only
Meta and TikTok challenge tech fees in second highest EU court
Court is expected to issue its ruling next yearCompanies challenge how fee is calculatedEuropean Commission defends its methods as fairBy Foo Yun CheeLUXEMBOURG, June 11 (Reuters) - Meta Platforms META.O and TikTok said a European Union supervisory fee levied on them was disproportionate and based o...Reuters
Wed, Jun 11
Jio BlackRock gets regulatory approval to operate as investment adviser in India
June 11 (Reuters) - Jio BlackRock Investment Advisers (JBIAPL) has received approval from India's markets regulator to operate as an investment adviser, according to its parent company, Jio Financial Services JIOF.NS. JBIAPL is a 50:50 joint venture of the billionaire Mukesh Ambani-led Reliance ...Reuters
Wed, Jun 11
EXCLUSIVE-Italy seeks clarity from US over curbs on Pirelli due to Chinese investor
Pirelli may face US restrictions due to Chinese shareholderRome is trying to help Pirelli, talking directly with WashingtonPirelli's Chinese, Italian shareholders at odds over governanceBy Giuseppe Fonte ROME, June 11 (Reuters) - The Italian government is seeking clarity from the United State...Reuters
Wed, Jun 11
China calls for building up consensus with US after 'candid' trade talks
BEIJING, June 11 (Reuters) - China's Vice Premier He Lifeng said China and the United States should strengthen consensus and maintain communication, state news agency Xinhua reported on Wednesday, after the two countries agreed to get a delicate trade truce back on track. U.S. and Chinese off...Reuters
Wed, Jun 11
Iran threatens to strike US bases in region if military conflict arises
DUBAI, June 11 (Reuters) - If nuclear negotiations fail and conflict arises with the United States, Iran will strike American bases in the region, Defence Minister Aziz Nasirzadeh said on Wednesday, days ahead of a planned sixth round of Iran-U.S. nuclear talks."Some officials on the other side ...Reuters
Wed, Jun 11
Samsung increases Canopius shareholding to 40%
By Scott VincentJune 11 - (The Insurer) - Samsung Fire and Marine Insurance has agreed to acquire an additional 21% equity stake in Canopius, the Lloyd’s insurer announced on Wednesday.This stake has been purchased from existing shareholders Fidentia Fortuna Holdings, led by U.S. private equity firm...Reuters
Wed, Jun 11
China's COMAC seeking majority stake in Lao Airlines, Laos state-run media says
June 11 (Reuters) - China's state-owned planemaker COMAC has proposed taking a stake in Laos' government-owned Lao Airlines, which recently started operating one of COMAC's C909 regional jets, the state-run Vientiane Times reported on Wednesday.According to the outlet, Lao Prime Minister...Reuters
Wed, Jun 11
AviLease to buy 40 Airbus jets including 10 freighters, sources say
PARIS, June 11 (Reuters) - Saudi leasing company AviLease is close to placing an order for 10 Airbus AIR.PA A350F freighters and 30 A320neo-family passenger planes, industry sources said on Wednesday.The final deal, fine-tuning expectations of an Airbus order for the fast-growing lessor reported by ...Reuters
Wed, Jun 11
Russia says improving ties with US will take time
MOSCOW, June 11 (Reuters) - Talks between Russia and the United States aimed at improving ties and removing "irritants" in their relationship are not expected to yield quick results, the Kremlin said on Wednesday."Well, let's say that there are a lot of blockages in bilateral relatio...Reuters
Wed, Jun 11
Trump says he is less confident about Iran deal
WASHINGTON, June 11 (Reuters) - U.S. President Donald Trump said he was less confident that Iran will agree to stop uranium enrichment in a nuclear deal with Washington, according to an interview released on Wednesday."I don’t know," Trump told the "Pod Force One" podcast on Monday w...Reuters
Wed, Jun 11
Helmerich & Payne Faces Suspension of 9 More Rigs in Saudi Arabia – SEC Filing
June 11 (Reuters) - Helmerich and Payne Inc HP.N:HELMERICH & PAYNE INC - H&P RECEIVES CONTRACT SUSPENSIONS FOR NINE ADDITIONAL RIGS IN SAUDI ARABIA - SEC FILINGHELMERICH & PAYNE INC - TOTAL RIG SUSPENSIONS IN SAUDI ARABIA NOW 26 - SEC FILINGHELMERICH AND PAYNE: NORTH AMERICA SOLUTIONS OP...Reuters
Wed, Jun 11
Airbus seeks to encroach on Royal Air Maroc's Boeing fleet renewal, sources say
By Tim Hepher and Ahmed Eljechtimi PARIS/RABAT, June 11 (Reuters) - Royal Air Maroc is nearing a deal with Boeing BA.N for dozens of jets to renew its fleet, though Europe's Airbus AIR.PA is preparing to gain a rare foothold with a smaller order for 20 A220 jets, industry sources said on Wedn...Reuters
Wed, Jun 11
US will resume accreditation of Swiss investment advisers
June 11 (Reuters) - The U.S. will resume processing applications from Swiss entities aiming to become registered investment advisers in the U.S., the U.S. Securities and Exchange Commission and Swiss financial market regulator FINMA said in separate statements on Tuesday.SEC had suspended new regist...Reuters
Wed, Jun 11
Canadian Court Orders Nova Chemicals To Pay Dow An Additional CAD$1.6 Billion Judgment
June 11 (Reuters) - Dow Inc DOW.N:CANADIAN COURT ORDERS NOVA CHEMICALS TO PAY DOW AN ADDITIONAL CAD$1.6 BILLION JUDGMENTDOW INC - JUDGMENT RELATES TO LOSSES FROM JOINTLY OWNED ETHYLENE ASSETDOW INC - PAYMENT ANTICIPATED IN Q4 2025Reuters
Wed, Jun 11
Israeli data security firm Cyera raises $540 mln, valued at $6 bln
JERUSALEM, June 11 (Reuters) - Israeli data security startup Cyera said on Wednesday it raised $540 million in a late-stage private funding round to bring its valuation to $6 billion.Cyera, whose platform is powered by AI, said it would use the funds to grow and scale its data security platform and ...Reuters
Wed, Jun 11
Nvidia CEO says Europe will multiply by 10 its AI capabilities in two years
PARIS, June 11 (Reuters) - In just two years, Europe's AI computing capacity will increase by a factor of 10, Nvidia NVDA.O CEO Jensen Huang said on Wednesday at the VivaTech conference in Paris.Jensen said Europe had "awakened" to the importance of AI factories, adding Nvidia was buildi...Reuters
Wed, Jun 11
FOCUS-US importers turn to brokers to navigate Trump-era tariffs, at a cost
Customs brokers raise fees due to complex tariff regulationsMajor logistics firms increase staff for US customs complianceImporters face uncertainty with frequent tariff changesBy Arriana McLymore and Nicholas P. Brown NEW YORK, June 11 (Reuters) - U.S. importers are increasingly relying on custo...Reuters
Wed, Jun 11
US dietary guidelines expected as soon as this month, sources say
Guidelines may be released as soon as this month, sources sayMay address saturated fat and ultra-processed foodLikely modify suggestions related to dairy consumptionBy Jessica DiNapoli and Emma Rumney NEW YORK, June 11 (Reuters) - The U.S. Dietary Guidelines for Americans, which influence school ...Reuters
Wed, Jun 11
