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Stellantis to cut up to 500 jobs through voluntary exits at Italy's Melfi plant, union says
May 7 (Reuters) - Carmaker Stellantis STLAM.MI will cut up to 500 jobs through voluntary exits at its Melfi assembly plant in southern Italy, which employs around 5,000 people, the Fiom-Cgil union said on Wednesday in a statement. This follows a recent announcement for a similar voluntary redundancy...Reuters
Wed, May 7
EXCLUSIVE-Nordics and Estonia rolling out offline card payment back-up in case internet cut
Initiatives come after communication cables cut in Baltic SeaFinnish banker: Europe needs alternatives to Visa, MastercardFinland plans reserve bank accounts in case banks can't operateBy Anne Kauranen HELSINKI, May 7 (Reuters) - Finland, Sweden, Norway, Denmark and Estonia are rolling out of...Reuters
Wed, May 7
Euro zone bond yields fall ahead of Fed policy meeting
By Linda Pasquini May 7 (Reuters) - Euro zone government bond yields dipped on Wednesday as traders awaited the Federal Reserve's policy meeting later in the day, its first since U.S. President Donald Trump's early April tariff announcement rattled financial markets. Germany's 1...Reuters
Wed, May 7
Interlune Says U.S. Department Of Energy Isotope Program To Purchase Three Liters Of Helium-3
May 7 (Reuters) - Interlune:INTERLUNE: U.S. DEPARTMENT OF ENERGY ISOTOPE PROGRAM TO PURCHASE THREE LITERS OF HELIUM-3 HARVESTED FROM MOON AT ABOUT TODAY'S COMMERCIAL MARKET PRICEINTERLUNE: HELIUM-3 DELIVERY DATE TO U.S. DEPARTMENT OF ENERGY NO LATER THAN APRIL 2029Reuters
Wed, May 7
US Treasury's Bessent says China 'negotiations' to start Saturday without Navarro
WASHINGTON, May 7 (Reuters) - U.S. Treasury Secretary Scott Bessent on Wednesday described a meeting with Chinese officials on trade starting on Saturday as "negotiations," and said that White House trade adviser Peter Navarro will not be joining him and U.S. Trade Representative Jamieson G...Reuters
Wed, May 7
Riskworld 2025: Insurance leaders strike confident tone despite heightened uncertainty
By Michael LoneyMay 7 - (The Insurer) - Risk managers and insurance leaders gathered in Chicago this week for RIMS’ Riskworld 2025 conference amid a heightened geopolitical backdrop but executives remained confident about the U.S. commercial insurance market.The Insurer’s interviews with executives ...Reuters
Wed, May 7
Google identifies new malware linked to Russia-based hacking group
May 7 (Reuters) - Alphabet's Google GOOGL.O said on Wednesday it has identified a new malware called "LOSTKEYS" tied to the Russian government-backed threat group Cold River, which is capable of stealing files and sending system information to attackers.Reuters
Wed, May 7
Tufts student challenging immigration detention must be sent to Vermont, court rules
May 7 (Reuters) - A federal appeals court ordered the Trump administration on Wednesday to transfer a Tufts University student from Turkey, who is being held in a Louisiana immigration detention facility after engaging in pro-Palestinian advocacy, to be sent to Vermont for a judge to decide whether ...Reuters
Wed, May 7
American Airlines cancels Delhi flight due to India-Pakistan tensions
May 7 (Reuters) - American Airlines AAL.O said on Wednesday it had canceled its flight from New York to Delhi for the day due to heightened tensions between India and Pakistan, and continues to monitor the situation.The company will also ferry an aircraft out of Delhi carrying only crew members.Reuters
Wed, May 7
Heritage's combined ratio improves to 84.5% in Q1
By Isha MaratheMay 7 - (The Insurer) - Florida-based carrier Heritage Insurance Holdings has reported a 9.5 percentage point improvement in its combined ratio to 84.5% and a 0.2% decrease in gross premiums written to $356.0 million in the first quarter.Heritage reported an operating income of $42.4...Reuters
Wed, May 7
Merrill Lynch Kingdom Of Saudi Arabia Reports FY-2024 Profit SAR 64.9 Million
May 7 (Reuters) - MERRILL LYNCH COMPANY KINGDOM OF SAUDI ARABIA COMPANY:MERRILL LYNCH KINGDOM OF SAUDI ARABIA FY-2024 NET PROFIT SAR 64.9 MILLIONMERRILL LYNCH KINGDOM OF SAUDI ARABIA FY-2024 TOTAL OPERATING INCOME SAR 132.7 MILLIONFurther company coverage: BACML.ULReuters
Wed, May 7
Global Indemnity's combined ratio worsens to 111.7% in Q1
By Mia MacGregorMay 7 - (The Insurer) - Global Indemnity Group has reported a combined ratio of 111.7% for Q1 2025, up from 94.9% in Q1 2024.The current accident year combined ratio was 111.5% in 2025 compared to 94.9% in 2024. Excluding the impact of California wildfires, the current accident year ...Reuters
Wed, May 7
Telecom Italia first-quarter core profit up 5.4%, debt rises
Profit after lease costs 815 mln euros vs forecast 821 mlnDebt edges up to 7.5 bln euros from 7.3 bln at end-DecemberCompany confirms financial targets MILAN, May 7 (Reuters) - Telecom Italia TLIT.MI posted on Wednesday a 5.4% rise in first-quarter core earnings, slightly below expectations, as d...Reuters
Wed, May 7
New York Times subscribers jump on bundling strength, busy news cycle
NYT added 250,000 digital-only subscribers in Q1Total subscribers reached over 11 millionNYT said Q1 revenue rose 7.1%Digital ad revenue strong, but print weakBy Jaspreet Singh May 7 (Reuters) - The New York Times NYT.N added more digital subscribers in the first quarter than Wall Street had expe...Reuters
Wed, May 7
US congratulates Germany's Merz on becoming chancellor
WASHINGTON, May 7 (Reuters) - Vice President JD Vance on Wednesday extended congratulations from the United States to Germany's Friedrich Merz after the conservative leader was elected chancellor."I know that we'll have a conversation with him in the next couple of days," Vance said ...Reuters
Wed, May 7
Putin and Maduro sign strategic partnership agreement
MOSCOW, May 7 (Reuters) - Russian President Vladimir Putin and Venezuelan President Nicolas Maduro on Wednesday signed a strategic partnership agreement in a ceremony shown on state TV.The two leaders discussed energy and oil during their talks in Moscow on Wednesday, Russia's Interfax news agen...Reuters
Wed, May 7
FM unveils virtual program for AI and data center risk
By Rebecca DelaneyMay 7 - (The Insurer) - Commercial property insurer FM has launched the FM Intellium program to help clients understand the risks associated with the recent boom in AI technologies and cloud computing.These technological innovations require data centers and subsequent power generat...Reuters
Wed, May 7
Lockton PL Ferrari appoints Atkins London office manager
By Michael JonesMay 7 - (The Insurer) - Specialist P&I broker Lockton P.L Ferrari has appointed Pippa Atkins as manager of its London office, the company said on Wednesday.Atkins will be in charge of the day-to-day management of the London team and will handle strategic decision-making, alongsid...Reuters
Wed, May 7
