LONDONBERLIN, May 30 Reuters Nestle, the world39;s biggest packaged food company, said on Tuesday it had hired the London Stock Exchange Group39;s LSEG finance chief Anna Manz as its new chief financial officer. Manz will replace FrancoisXavier Roger, who the company said is stepping down to pursue new professional challenges after eight years in the […]

LONDON, May 30 Reuters Microsoft on Tuesday accused Britain39;s antitrust regulator of being a global outlier in blocking its 69 billion takeover of Call of Duty maker Activision Blizzard. The Competition and Markets Authority CMA vetoed the deal in April, saying it could hurt competition in the nascent cloud gaming market, sparking a furious row. The company is […]

DETROIT, May 29 Reuters Nvidia Corp and MediaTek Inc on Monday said they will collaborate on technology to power advanced vehicle infotainment systems that can stream video or games or interact with drivers using artificial intelligence. Under the agreement, announced at the Computex technology trade show in Taipei, MediaTek will integrate an Nvidia graphic processing unit chiplet […]

Courtbacked talks with creditors to last up to 5 months Casino, Les Mousquetaires extend scope of partnerships Casino shares down 3 as trading resumes PARIS, May 26 Reuters French retailer Casino on Friday said it was officially starting courtbacked negotiations with its creditors as the heavily indebted group seeks a way out of its financial woes […]

LISBON, May 25 Reuters Brazilian aircraft manufacturer Embraer voiced full support for Pratt Whitney as it battles durability problems on recent jet engines, but blamed a separate tussle with engine makers for the suspension of a new turboprop plane project. Chief Executive Francisco Gomes Neto told reporters that Raytheon Technologies unit Pratt Whitney was working hard to […]

Chip designer39;s stock hits alltime high Rally lifts stock markets from Japan to Europe Reuters Nvidia Corp surged 24 on Thursday in one of the largest oneday gains in value for a U.S. stock, after its stellar revenue forecast showed that Wall Street has yet to price in the gamechanging potential of AI. The surge more […]

BENGALURU, May 26 Reuters Indian automaker Mahindra and Mahindra Ltd on Friday warned that chip shortages were still limiting its efforts to ramp up production of sports utility vehicles SUVs after reporting a 22 rise in quarterly profit. The maker of the Scorpio, Thar and XUV range of SUVs benefited from robust demand for larger and […]

WASHINGTON, May 25 Reuters A spaceplane from Virgin Galactic reached the edge of space on Thursday carrying a crew of six, making its first spaceflight test in nearly two years as the space tourism firm founded by Richard Branson prepares its longawaited commercial service. The company39;s VSS Unity spaceplane dropped from its twinfuselage carrier aircraft around […]

BENGALURU Reuters India39;s FSN ECommerce Ventures Ltd, parent of cosmeticstofashion retailer Nykaa, reported an almost 50 rise in fourthquarter profit before tax on Wednesday, helped by a sales campaign that convinced customers to buy despite inflationary pressures. Nykaa39;s consolidated profit before tax rose to 86.29 million rupees from 58.16 million rupees a year ago. The company39;s […]

May 25 Reuters Canada39;s two biggest lenders, TD and Royal Bank of Canada, missed analysts39; estimates for quarterly earnings on Thursday as tough economic conditions spurred the banks to make higher provisions for borrowers falling behind on repayments. TD, which called off its 13billion acquisition of U.S.based First Horizon this month, said it does not expect to […]