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Helvetia-Baloise cost synergies imply 1,600 headcount reduction: Berenberg
By Scott VincentApril 23 - (The Insurer) - Targeted cost synergies from the merger of Baloise and Helvetia imply a reduction in staff of around 1,600 people, Berenberg analyst Michael Huttner said in a note on Wednesday morning.Huttner said this represents around 23% of the 7,000 current employees a...Reuters
Wed, Apr 23
US will aim for UK to cut its automotive tariff to 2.5% from 10%, WSJ reports
April 22 (Reuters) - The United States will aim for Britain to reduce its automotive tariff from 10% to 2.5%, the Wall Street Journal reported on Tuesday, citing people with knowledge of a draft document circulated by the administration of President Donald Trump.British finance minister Rachel Reeve...Reuters
Wed, Apr 23
Taiwan former Vice President Chen to attend Pope's funeral
TAIPEI, April 23 (Reuters) - Taiwan's former Vice President Chen Chien-jen will attend Pope Francis' funeral, Taiwan's Foreign Ministry said on Wednesday, adding that he will go as the envoy of Taiwan President Lai Ching-te. Taiwan said in April that it would send envoys of the "app...Reuters
Wed, Apr 23
Chinese e-commerce platforms to end refund-without-returns amid weak economy, sources say
BEIJING/HONG KONG, April 23 (Reuters) - Chinese authorities have asked e-commerce platform operators to stop insisting on merchants refunding customers without requiring the return of goods, to alleviate financial pressure on merchants, two people familiar with the matter said.The government met ope...Reuters
Wed, Apr 23
Four Czech troops to stand trial over 2018 death of Afghan soldier
PRAGUE, April 23 (Reuters) - Four Czech soldiers will face trial for alleged crimes relating to the death of an Afghan soldier after he was detained and interrogated in 2018, Czech prosecutors said on Tuesday.The Czech state attorney's office said in a statement that four members of the 601st s...Reuters
Wed, Apr 23
Swiss biotech firm Veraxa to list on Nasdaq in $1.64 billion SPAC deal
BERLIN, April 23 (Reuters) - Swiss biotech investor Xlife Sciences AG XLS.S said on Wednesday its portfolio company Veraxa Biotech AG would list on U.S. exchange Nasdaq in a $1.64 billion merger deal with a special-purpose acquisition vehicle, or SPAC.The planned merger with the SPAC Voyager Acquisi...Reuters
Wed, Apr 23
Helvetia-Baloise cost synergies imply 1,600 headcount reduction: Berenberg
By Scott VincentApril 23 - (The Insurer) - Targeted cost synergies from the merger of Baloise and Helvetia imply a reduction in staff of around 1,600 people, Berenberg analyst Michael Huttner said in a note on Wednesday morning.Huttner said this represents around 23% of the 7,000 current employees a...Reuters
Wed, Apr 23
China-led lunar base to include nuclear power plant on moon's surface, space official
SHANGHAI, April 23 (Reuters) - Preliminary plans for the China and Russia-led International Lunar Research Station (ILRS) include building a nuclear power plant on the moon's surface, a presentation by a Chinese space official on Wednesday showed.Reuters
Wed, Apr 23
REFILE-Japan's Fanuc says it cannot provide FY2025/26 forecasts due to tariff uncertainties
TOKYO, April 23 (Reuters) - Japanese robotics company Fanuc Corp 6954.T said on Wednesday it was not able to report its forecasts for the current fiscal year ending in March 2026 due to "numerous uncertain factors" including U.S. tariffs and their global economic impact."We plan to caref...Reuters
Wed, Apr 23
Exclusive: PIB prepares to restart process with trade buyers in focus
By Ryan HewlettApril 23 - (The Insurer) - PIB Group and backers Apax Partners and Carlyle Group have refocused their search for a new owner for the UK and international broker consolidator on trade buyers after a muted reception from private equity and institutional investors. PIB valuation initiall...Reuters
Wed, Apr 23
Sport-Tennis great Agassi to make pro pickleball debut
April 23 (Reuters) - Former tennis world number one Andre Agassi will make his professional debut in the fast-growing sport of pickelball next week when he teams up with top ranked Anna Leigh Waters for the mixed doubles at the U.S. Open Pickleball Championships.Invented in 1965 by a group of Americ...Reuters
Wed, Apr 23
Novartis and Sanofi CEOs say EU should raise drug prices in face of tariffs
April 23 (Reuters) - The European Union should allow drug prices to rise to U.S. levels in order to attract investment, the bosses of two European pharmaceutical giants said in a letter published in the Financial Times on Wednesday. The U.S. pays the most for drugs in the world, often nearly three t...Reuters
Wed, Apr 23
Pope Francis' body to be taken to St Peter's ahead of funeral
Procession with cardinals and Latin chantsTrump and dozens of other leaders to attend funeral on SaturdayConclave to choose a successor, not expected before May 6By Alvise Armellini VATICAN CITY, April 23 (Reuters) - Pope Francis' body was due to be moved to St Peter's Basilica on Wed...Reuters
Wed, Apr 23
Fanuc Corp: Consolidated Financial Forecasts For The Year Ending March 31, 2026 Are Not Reported, As It Is Not Feasible At Present To Reasonably Calculate Them
April 23 (Reuters) - Fanuc Corp 6954.T:FANUC CORP - CONSOLIDATED FINANCIAL FORECASTS FOR THE YEAR ENDING MARCH 31, 2026 ARE NOT REPORTED, AS IT IS NOT FEASIBLE AT PRESENT TO REASONABLY CALCULATE THEMFANUC CORP - THERE ARE NUMEROUS UNCERTAIN FACTORS, INCLUDING THE IMPACT OF TARIFFS IN THE UNITED STAT...Reuters
Wed, Apr 23
Euro zone government bond yields rise before PMI data
By Stefano Rebaudo April 23 (Reuters) - Euro area benchmark Bund yields rose on Wednesday to levels seen after last week's ECB policy meeting, ahead of PMI data later in the session.The ECB warned that economic growth will take a big hit from U.S. tariffs, bolstering bets for even more policy...Reuters
Wed, Apr 23
REFILE-Zhipu AI ramps up overseas expansion strategy ahead of IPO
SINGAPORE April 23 - China's Zhipu AI is ramping up its overseas expansion through a partnership with Alibaba Cloud, an executive said on Wednesday, as the startup prepares for an initial public offering.The Beijing-headquartered startup is pitching governments globally to help them launch local...Reuters
Wed, Apr 23
Olvi Reiterates Near-term 2025 Outlook
April 23 (Reuters) - Olvi Oyj OLVAS.HE:OLVI Q1 SALES EUR 132.8 MILLIONOLVI Q1 NET INCOME EUR 9.8 MILLIONOLVI Q1 EPS EUR 0.46OLVI Q1 EBIT EUR 12.4 MILLIONOLVI Q1 INVESTMENTS EUR 11 MILLIONOLVI Q1 GROSS PROFIT EUR 54.3 MILLIONNEAR-TERM OUTLOOK FOR 2025 (UNCHANGED)NEAR-TERM OUTLOOK FOR 2025 UNCHANGEDOV...Reuters
Wed, Apr 23
COLUMN-Could Trump borrow a page from Argentina’s debt swap playbook? Gulati
By Mitu Gulati April 23 - The United States has been likened to an emerging market country in recent weeks, given its sliding currency, threats to central bank independence and concerns about foreign capital flight. So might there be circumstances under which the U.S. would borrow from the playbo...Reuters
Wed, Apr 23
