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FACTBOX-US companies announce layoffs to cut costs
June 5 (Reuters) - U.S. companies across sectors have initiated layoffs as they attempt to streamline operations amid economic uncertainties, following similar cutbacks seen last year.Job openings — a measure of labor demand — rose 191,000 to 7.391 million by the last day of April, the Labor Departm...Reuters
Thu, Jun 5
Aon appoints Poland its EMEA digital asset practice head
By Michael JonesJune 5 - (The Insurer) - Aon has appointed Rupert Poland as head of its digital asset practice for the EMEA region, the company said on Thursday.Poland, who will be based in London, will report to Tom Davis, executive director of Aon's EMEA financial services group.In his new rol...Reuters
Thu, Jun 5
Russia will respond to Ukrainian attacks as and when its military sees fit, Kremlin says
MOSCOW, June 5 (Reuters) - Russia will respond to Ukraine's latest attacks as and when its military sees fit, the Kremlin said on Thursday, confirming that President Vladimir Putin had told U.S. President Donald Trump that Moscow was obliged to retaliate.Ukraine used drones to strike Russian hea...Reuters
Thu, Jun 5
Humana to back curbs to Medicare Advantage billing practices, WSJ reports
June 5 (Reuters) - Humana HUM.N has told congressional staffers that it will support moves that would curtail billing practices worth billions in extra payments to the industry, the Wall Street Journal reported on Thursday, citing staffers and a document viewed by the newspaper.Reuters
Thu, Jun 5
LyondellBasell in talks to sell some European assets to AEQUITA
June 5 (Reuters) - Chemical maker LyondellBasell LYB.N said on Thursday it is in exclusive talks with Munich-based investment firm AEQUITA for the sale of certain olefin and polyolefin assets in Europe.LyondellBasell launched a strategic review of its European operations last year in a bid to naviga...Reuters
Thu, Jun 5
NZ Natural Hazards Commission secures record limit at June 1 renewal
By Ryan HewlettJune 5 - (The Insurer) - New Zealand’s Natural Hazards Commission Toka Tū Ake (NHC) increased the total limit on its reinsurance programme to NZ$10.3 billion ($6.2 billion) from June 1 to help protect the country’s homeowners from the impact of natural hazards.This marks an increase o...Reuters
Thu, Jun 5
Morning Midas Was Shipping Around 3,000 Cars From Manufacturers Including Chery Automobile And Great Wall Motor To Mexico - Bloomberg News
June 5 (Reuters) - MORNING MIDAS WAS SHIPPING AROUND 3,000 CARS FROM MANUFACTURERS INCLUDING CHERY AUTOMOBILE CO. AND GREAT WALL MOTOR CO. TO MEXICO - BLOOMBERG NEWSSource text: [https://tinyurl.com/j9kf9mfs]Reuters
Thu, Jun 5
UK regulator flags competition concerns again over Spreadex-Sporting Index deal
June 5 (Reuters) - Britain's competition watchdog said on Thursday that Spreadex's completed acquisition of sports-betting rival Sporting Index's consumer-facing arm raised competition concerns for the second time after a reinvestigation of the deal.The Competition and Markets Authority ...Reuters
Thu, Jun 5
Anthropic CEO On NYT - At Federal Level, Instead Of Moratorium, White House And Congress Should Work Together On Transparency Standard For AI Cos
June 5 (Reuters) - ANTHROPIC CEO ON NYT - AT FEDERAL LEVEL, INSTEAD OF MORATORIUM, WHITE HOUSE AND CONGRESS SHOULD WORK TOGETHER ON TRANSPARENCY STANDARD FOR AI COSSource text: [https://tinyurl.com/hdpnhnsd]Reuters
Thu, Jun 5
Trump and Warren Join Forces to Criticize Debt Ceiling as 'Too Destructive,' Call for Abolition
TradingKey - As the deficit rises, the issue of the U.S. debt ceiling has once again become a central focus in American politics. On Wednesday, former President Donald Trump took to his social media platform, Truth Social, to declare that the U.S. should abolish the debt ceiling system.TradingKey
Thu, Jun 5
China offers cash rewards for hackers it says are Taiwanese military
China steps up accusations of cyber attacks by TaiwanTaiwan denies China's claims, says Beijing the real threatChina claims democratic Taiwan as its own territory BEIJING, June 5 (Reuters) - Authorities in southern China announced on Thursday they were offering rewards of more than $1,000 for...Reuters
Thu, Jun 5
Russia says it will repair warplanes damaged in Ukrainian drone attacks
US assesses up to 20 planes hit, around 10 destroyedRussian minister says planes only damaged, will be restoredAircraft form part of Russia's nuclear forces MOSCOW, June 5 (Reuters) - Russian warplanes were damaged but not destroyed in a June 1 attack by Ukraine, and they will be restored, Ru...Reuters
Thu, Jun 5
Gamers line up for Nintendo Switch 2 on launch day
There is pent-up demand for more powerful gaming device Company has pledged to strengthen production capacity Switch 2 sales to pass 100 million in 2030 - research firm By Sam Nussey and Tom Bateman TOKYO, June 5 (Reuters) - Gaming fans queued up for the launch of Nintendo's 7974.T Switch 2 o...Reuters
Thu, Jun 5
Rokstone hires Chandran to spearhead Asia Pacific expansion
By Scott VincentJune 5 - (The Insurer) - Rokstone has appointed Rama Chandran to lead its operations in Asia Pacific, the Aventum-owned MGA said on Thursday.Chandran currently serves as head of marine for Asia at QBE, having previously held roles with Argo Underwriting, Asia Capital Re and Swiss Re....Reuters
Thu, Jun 5
COLUMN-UK pensions investing in private markets may be right idea, wrong time: Peacock
By Mike PeacockJune 5 - The UK government, searching for ways to jump-start the economy, has trumpeted a deal with pension funds to invest more in infrastructure, green energy and cutting-edge businesses. But this may be an example of the right idea at the wrong time.Earlier this month, finance mini...Reuters
Thu, Jun 5
S&P: US P&C carriers in ‘position of strength’ despite Q1 cats and diminishing reserve adequacy
By Michael LoneyJune 5 - (The Insurer) - S&P Global Ratings' Neil Stein has said the credit fundamentals of the U.S. property casualty sector remain strong, which will allow it to handle any pressure from further losses this year after wildfires depleted a chunk of catastrophe budgets in the...Reuters
Thu, Jun 5
US SEC says new foreign firm rules needed, singles out China
June 4 (Reuters) - Wall Street's top regulator took a step toward toughening rules for foreign companies listed on American stock markets on Wednesday, saying many Chinese firms in particular benefited from having to make fewer regular disclosures to investors. The U.S. Securities and Exchange C...Reuters
Thu, Jun 5
