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WEG says no change of plans for Mexico despite tariff threats
SAO PAULO, Feb 27 (Reuters) - Brazilian motor maker WEG WEGE3.SA sees no reason to change its plans for the Mexican market at the moment, an executive said on Thursday, despite U.S. President Donald Trump's pledge to implement 25% tariffs on Mexican goods from March 4.WEG, which already has a la...Reuters
Thu, Feb 27
Italy's PM Meloni meets Meta exec to discuss investments
ROME, Feb 27 (Reuters) - Italian Prime Minister Giorgia Meloni met Joel Kaplan, the chief global affairs officer of U.S. tech giant Meta META.O, to discuss possible new investments in Italy, Meloni's office said on Thursday.Meloni and Kaplan talked about artificial intelligence and other aspects...Reuters
Thu, Feb 27
Starlink terminals are being sent to restore US air traffic control connectivity, Musk says
Feb 27 (Reuters) - Billionaire Elon Musk on Thursday said that Starlink terminals are being sent on an emergency basis to restore air traffic control connectivity in the United States."The Verizon communication system to air traffic control is breaking down very rapidly. The FAA assessment is si...Reuters
Thu, Feb 27
RPT-FACTBOX-US companies drop diversity policies after Trump's order
Repeats with no changes to text Feb 27 (Reuters) - From Google to Target, many major U.S. companies have dropped or considered altering their diversity, equity and inclusion (DEI) policies following President Donald Trump's executive order to curtail such programs at the federal and private l...Reuters
Thu, Feb 27
White House walks back Trump statement on 65% EPA staff cuts
By Valerie Volcovici WASHINGTON, Feb 27 (Reuters) - The White House on Thursday walked back President Donald Trump's claim the day before that the Environmental Protection Agency plans to cut 65% of its workforce, saying that the environmental regulator plans to cut its spending by 65%.Trump ...Reuters
Thu, Feb 27
BREAKINGVIEWS-US budget botches subtraction and multiplication
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.By Gabriel Rubin WASHINGTON, Feb 27 (Reuters Breakingviews) - Not every dollar in the U.S. budget equals a dollar. Some are worth far more, which only further distorts the math congressional Republicans are using ...Reuters
Thu, Feb 27
IMF's Georgieva says reinvigorating global growth a common theme at G20 meet
CAPE TOWN, Feb 27 (Reuters) - International Monetary Fund Managing Director Kristalina Georgieva said in a statement on Thursday that the need to reinvigorate global economic growth was the one resounding common theme during this week's Group of 20 finance meeting.Reuters
Thu, Feb 27
US SEC tells staff to return to office in move union calls illegal
Updates with SEC's response in paragraph 4; adds background in paragraph 2; adds photosBy Chris Prentice NEW YORK, Feb 26 (Reuters) - The U.S. Securities and Exchange Commission has told unionized employees they will have to return to the office in mid-April, unless they have certain exemptio...Reuters
Thu, Feb 27
Goldman drops diversity and inclusion section from annual filing
Adds background on Trump-Apple in paragraph 7 Feb 27 (Reuters) - Goldman Sachs GS.N has dropped an entire section dedicated to "diversity and inclusion" from its annual filing released on Thursday, as Wall Street firms dial back their diversity initiatives after President Donald Trump too...Reuters
Thu, Feb 27
BRIEF-Expand Energy Expects to End 2025 With Less Than $4.5 Billion In Net Debt - Conf Call
Feb 27 (Reuters) - Expand Energy Corp EXE.O:EXPAND ENERGY EXEC SAYS EXPECT TO END 2025 WITH LESS THAN $4.5 BILLION IN NET DEBT - CONF CALLEXPAND ENERGY SAYS 11 BCF PER DAY OF INCREMENTAL LNG EXPORT CAPACITY EXPECTED BY 2027 - CONF CALLEXPAND ENERGY ANTICIPATING BRINGING ROUGHLY 90 WELLS ONLINE IN Q1...Reuters
Thu, Feb 27
Euclid Cyber launches with Spinnaker backing to target $1 billion plus revenue band
By James ThalerFeb 27 - (The Insurer) - Euclid Cyber is launching on March 1 with backing from fronting company Spinnaker, bringing to market an excess cyber product that offers insureds with $1 billion or more in revenue up to $5 million in limit that attaches at $75 million and above.Sister public...Reuters
Thu, Feb 27
SRR targeting whole account fronting carrier capacity deals
By Chris MunroFeb 27 - (The Insurer) - Specialty Risk Re (SRR) has secured an additional $25 million in capital to support the startup as it makes inroads into the U.S. programs and MGA sector through whole account capacity deals with fronting carriers.Specialty Risk Re (SRR) has secured an addition...Reuters
Thu, Feb 27
UN rights chief warns of 'mass deaths from famine' in Sudan
Adds quotes and context throughout GENEVA, Feb 27 (Reuters) - The U.N. human rights chief warned of the risk of a further escalation of the war in Sudan on Thursday and said that there was a growing risk of deaths from starvation on a wide scale.Volker Turk's warning came a day after the U.N....Reuters
Thu, Feb 27
Irish central bank fines Irish unit of Cantor Fitzgerald 450,000 euros
Adds company response in paragraph 3DUBLIN, Feb 27 (Reuters) - Ireland's central bank fined the Irish unit of Wall Street brokerage Cantor Fitzgerald 452,790 euros ($474,705) on Thursday for failing on a number of occasions to report suspicious transactions that may have indicated market abuse.A...Reuters
Thu, Feb 27
Shares in ad group WPP plunge on China weakness and US uncertainty
WPP's organic revenue fell 1%, missing -0.4% forecastsShares plunge 16% to four-year low Expects more advertising on Elon Musk's X platform Recasts with CEO comments on X, adds analyst comment in paragraph 10By Paul SandleLONDON, Feb 27 (Reuters) - Ad group WPP WPP.L expects its revenue and...Reuters
Thu, Feb 27
China's Xiaomi prices luxury electric sedan 35% lower than initially promoted
Xiaomi prices SU7 Ultra from 529,900 yuan, down from 814,900 yuan initiallyCEO says price cut aimed to expand appeal to more buyersSU7 Ultra initially priced to be on par with Tesla Model S PlaidUpdates with details on Xiaomi's aim to compete against Tesla and Porsche, background BEIJING, Feb...Reuters
Thu, Feb 27
Veracity targets three to five additional programs by year end
By Chris MunroFeb 27 - (The Insurer) - Veracity Insurance Solutions plans to add another three to five programs this year with president and CEO Daryle Stafford highlighting considerable opportunity for the liability-focused MGA to extend its reach into new segments.Pleasant Grove, Utah-headquartere...Reuters
Thu, Feb 27
You Re already in additional capacity talks after early traction
By Chris MunroFeb 27 - (The Insurer) - Newly launched reinsurance MGU You Re has already written over a third of its first year projected premium volume, with CEO Yury Braun telling Program Manager that the startup is already in talks to expand its capacity panel.This publication reported earlier in...Reuters
Thu, Feb 27
MGAs: the industry’s cutting edge
By Chris MunroFeb 27 - (The Insurer) - It has been a busy start to the year for the programs and MGA sector, with a host of startups bringing fresh ideas to meet the market’s needs.This month’s edition of Program Manager highlights several of these recent launches, including Specialty Risk Re, a col...Reuters
Thu, Feb 27
