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CORRECTED-Kering CEO declines to comment on Gucci licence, wants to discuss directly with Coty
PARIS, Feb 10 (Reuters) - Kering PRTP.PA CEO Luca de Meo declined to comment on whether he would be interested in taking back the licence for Gucci beauty products, currently held by Coty COTY.N, earlier than the 2028 expiry of the contract.Responding to an analyst's question after reporting 202...Reuters
4 minutes ago
PREVIEW-SoftBank earnings set for OpenAI boost, with focus on future funding
Focus on SoftBank's finances after more than $30 billion OpenAI investment in 2025OpenAI's rising valuation seen lifting SoftBank quarterly profitAnalysts expect more asset sales and debt issuanceBy Anton Bridge TOKYO, Feb 10 (Reuters) - Japan's SoftBank Group 9984.T is expected to po...Reuters
7 minutes ago
South Korea blames Coupang data breach on management failure, not sophisticated attack
Coupang data breach affected 33.7 million customers, probe findsFormer engineer accused of exploiting authentication vulnerabilitiesPolice and data watchdog continue separate investigations into data leakBy Heekyong Yang and Hyunjoo Jin SEOUL, Feb 10 (Reuters) - South Korean officials blamed a ma...Reuters
10 minutes ago
Kremlin says no date yet for next round of Ukraine talks
MOSCOW, Feb 10 (Reuters) - The Kremlin said on Tuesday there was no date set yet for the next round of peace talks on Ukraine, but said the negotiations were likely to happen soon.Russia, Ukraine and the United States met last week in Abu Dhabi for a second round of trilateral talks. They yielded no...Reuters
14 minutes ago
Russia says it has captured another Ukrainian settlement, RIA news agency reports
MOSCOW, Feb 10 (Reuters) - Russia's defence ministry said on Tuesday its forces had captured the settlement of Zaliznychne in Ukraine's Zaporizhzhia region, Russian state news agency RIA reported.Reuters could not independently confirm the battlefield report.Reuters
15 minutes ago
Ryanair signs multi-billion dollar CFM deal to secure engine parts
PARIS, Feb 10 (Reuters) - Budget airline giant Ryanair RYA.I and jet engine maker CFM International have signed an agreement to support the planned opening of two Ryanair engine‑maintenance shops with a guaranteed flow of spare parts, the companies said on Tuesday.The plants will probably be based i...Reuters
16 minutes ago
Last-minute trips boost Europe's travel giant TUI, forward bookings dip
Focus on international markets and profitable businesses boosts resultsTUI reports Q1 operating profit of 77.1 million euros, beating expectationsAnalysts concerned about weaker winter and summer forward bookingsBy Joanna Plucinska and Cian MuensterFeb 10 (Reuters) - TUI TUI1n.DE, Europe's large...Reuters
23 minutes ago
British American Tobacco extends chair tenure until April 2028
Feb 10 (Reuters) - British American Tobacco BATS.L has decided to extend Chair Luc Jobin's tenure by up to two years until its annual general meeting in April 2028, the cigarette maker said on Tuesday.The company said it will search for a successor in that time frame.Reuters
23 minutes ago
Barclays boosts CEO's pay to more than $20 million
Barclays raises CEO pay to 15 mln pounds from 11.6 mln pounds last yearBank's bonus pool for staff rises 15% to 2.2 billion poundsUK bank bosses still have big pay gap with Wall Street rivalsBy Lawrence White LONDON, Feb 10 (Reuters) - Barclays BARC.L hiked CEO C.S. Venkatakrishnan's pay ...Reuters
23 minutes ago
Chinese biotech aims to finish trials by 2028 for spray with Wegovy active ingredient
SHANGHAI, Feb 10 (Reuters) - Shanghai Shiling Pharmaceutical is aiming to complete global clinical trials by 2028 for an experimental weight-management spray that uses the same active ingredient as Novo Nordisk's Wegovy obesity injection, the Chinese biotech said on Tuesday.Danish drugmaker Novo...Reuters
28 minutes ago
Brookfield in talks to buy Blackstone's Fidere for $1.2 bln, Expansion reports
MADRID, Feb 10 (Reuters) - Brookfield Asset Management BAM.N is in exclusive talks with Blackstone BX.N to purchase its residential real estate company Fidere YFID.MC in Spain, Spanish newspaper Expansion reported on Tuesday, citing unidentified market sources.Both Brookfield and Blackstone declined...Reuters
31 minutes ago
British American Tobacco Extends Luc Jobin's Tenure As Chair Until April 2028
Feb 10 (Reuters) - British American Tobacco PLC BATS.L:BRITISH AMER.TOBACCO - BOARD UPDATE - CHAIR EXTENSION AND SID APPOINTMENTBAT - BAT EXTENDS LUC JOBIN'S TENURE AS CHAIR UNTIL APRIL 2028BAT - HOLLY KELLER KOEPEL TO STEP DOWN; KAREN GUERRA APPOINTED SENIOR INDEPENDENT DIRECTORReuters
31 minutes ago
PRESS DIGEST-New York Times business news - February 10
Feb 10 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.- Pilots and flight attendants at American Airlines AAL.O have become so fed up with the company’s leadership that their frustration...Reuters
34 minutes ago
Barclays lifts profit, raises targets as looks to AI to trim costs
Sets new targets, focus on core markets and AI cost-cuttingProfit before tax for 2025, in line with analysts' forecastsBarclays plans 15 billion pound capital return by 2028By Lawrence White LONDON, Feb 10 (Reuters) - Barclays increased its profit by 12% in 2025 and on Tuesday raised its perf...Reuters
36 minutes ago
Iran says nuclear talks gauged 'seriousness' of U.S.
DUBAI, Feb 10 (Reuters) - Nuclear talks with the United States allowed Tehran to gauge Washington's seriousness and showed enough consensus to continue on the diplomatic track, Iran's foreign ministry spokesperson said on Tuesday. U.S. and Iranian diplomats held talks through Omani mediat...Reuters
37 minutes ago
EU top court refers WhatsApp's fight against EU privacy watchdog back to lower tribunal
BRUSSELS, Feb 10 (Reuters) - Europe's top court on Tuesday sent Meta Platforms META.O unit WhatsApp's fight against the EU privacy watchdog back to a lower tribunal, prolonging a five-year tussle triggered by the latter's order to the Irish data protection authority to jack up a fine to ...Reuters
40 minutes ago
SoftBank earnings set for OpenAI boost, with focus on future funding
Focus on SoftBank's finances after more than $30 billion OpenAI investment in 2025OpenAI's rising valuation seen lifting SoftBank quarterly profitAnalysts expect more asset sales and debt issuanceBy Anton Bridge TOKYO, Feb 10 (Reuters) - Japan's SoftBank Group 9984.T is expected to po...Reuters
52 minutes ago
Brookfield in talks to buy Blackstone's Fidere for $1.2 bln, Expansion reports
MADRID, Feb 10 (Reuters) - Brookfield Asset Management BAM.N is in exclusive talks with Blackstone BX.N to purchase its residential real estate company Fidere YFID.MC in Spain, Spanish newspaper Expansion reported on Tuesday, citing unidentified market sources.The potential transaction could become ...Reuters
52 minutes ago
Carlyle to invest $232 million in India's Edelweiss Financial unit
Feb 10 (Reuters) - India's Edelweiss Financial EDEL.NS said on Tuesday U.S.- based Asset manager Carlyle CG.O will acquire a 45% stake in the company's unit Nido Home Finance for 21 billion rupees. ($232.01 million) ($1 = 90.5130 Indian rupees)Reuters
56 minutes ago
Cisco unveils new AI networking chip, taking on Broadcom and Nvidia
By Stephen Nellis SAN FRANCISCO, Feb 10 (Reuters) - Cisco Systems CSCO.O on Tuesday launched a new chip and router designed to speed information through massive data centers that will compete against offerings from Broadcom AVGO.O and Nvidia NVDA.O for a piece of the $600 billion AI infrastructur...Reuters
an hour ago
