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☆ Macron, Zelenskiy to Sign Bilateral Security Agreement on Friday - Elysee
▼ + stars: | 2024-02-15 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +2 min

PARIS (Reuters) - France and Ukraine will sign a bilateral agreement on security commitments this Friday, the French presidency said on Thursday. President Emmanuel Macron was expected to finalise the security deal in Ukraine this month, but he postponed the trip for security reasons. Photos You Should See View All 22 ImagesMacron's office said details of the agreement would be given during a press conference. According two diplomats aware of the talks, France would announce a 200-million-euro fund for civilian projects to be carried out by French companies. He has already said Paris would send a regular supply of air-to-surface missiles and 40 additional long-range cruise missiles.

Persons: Emmanuel Macron, Ukraine's, Zelenskiy, Macron, Michel Rose, John Irish, Ingrid Melander Organizations: PARIS, NATO Locations: France, Ukraine, Republic, Germany, Paris

☆ Explainer-What Are the Security Deals Ukraine Is Discussing With Allies?
▼ + stars: | 2024-02-14 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +5 min

We need NATO membership," said Ihor Zhovkva, the Ukrainian president's foreign affairs adviser. In these supplements, we define the concrete scope, concrete things, concrete spheres. France and Germany look on course to agree security commitments with Ukraine soon. President Emmanuel Macron was expected to finalise a bilateral security commitment deal in Ukraine this month, but he postponed the trip for security reasons. Zhovkva said there was no need for Ukraine to rush to agree deals.

Persons: Tom Balmforth, Ihor Zhovkva, Zhovkva, Emmanuel Macron, Ukraine's Zhovkva, Olena Harmash, John Irish, Ros Russell Organizations: Tom Balmforth KYIV, NATO, Seven, Kyiv, WHO, Ukraine Locations: Ukraine, Vilnius, Ukrainian, London, Britain, Russian, Russia, Netherlands, Romania, Poland, Denmark, France, Germany, Paris, Budapest, United States, Kyiv

☆ France, Ukraine to Sign Security Deal Soon, French Foreign Minister Says
▼ + stars: | 2024-02-14 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +2 min

By John IrishPARIS (Reuters) - France and Ukraine are soon likely to sign a bilateral agreement on security commitments, French Foreign Minister Stephane Sejourne said on Wednesday. French President Emmanuel Macron was expected to finalise a security deal in Ukraine this month, but he postponed the trip for security reasons. "A bilateral accord is in discussion and will be signed probably soon between the President Emmanuel Macron and President Volodymyr Zelenskiy," Sejourne told a hearing in parliament. According two diplomats aware of the talks, France would announce a 200-million-euro fund for civilian projects to be carried out by French companies. "In the coming days we will give numbers and give you transparency on the military and the civilian aid," Sejourne said.

Persons: John Irish PARIS, Stephane Sejourne, Emmanuel Macron, Volodymyr Zelenskiy, Sejourne, Macron, John Irish, Mark Heinrich, Cynthia Osterman Organizations: French, NATO, Institute Locations: France, Ukraine, Germany, Paris, Kiel

☆ Northern Ireland power-sharing could resume within days, after two-year hiatus
▼ + stars: | 2024-01-30 | by ( Eve Brennan | ) edition.cnn.com time to read: +6 min

Sinn Féin won the most seats in the elections to the Northern Ireland Assembly last year. Post-Brexit trade rules imposed customs checks on goods moving to Northern Ireland from the UK’s mainland. A deal known as the Northern Ireland Protocol was agreed to allow Northern Ireland, which is part of the United Kingdom, to remain within the EU market so that it could trade goods freely across its land border with the Republic of Ireland, an EU member state. Unionists in Northern Ireland, like the DUP, are in favor of remaining in the United Kingdom, whereas nationalists, like Sinn Féin, are in favor of the unification of Northern Ireland with the Republic of Ireland. “The people of Northern Ireland are best served by a power-sharing government in Stormont as outlined in the Good Friday Agreement.

Persons: Jeffrey Donaldson, Sinn Féin, Brexit, Sinn, Donaldson, “, ”, ” What’s, Northern Ireland Chris Heaton, Harris, Heaton, ” “, Sinn Féin’s, Michelle O’Neill, Tánaiste, Micheál Martin –, Martin, Claire Cronin, Biden Organizations: CNN, Democratic Unionist Party, DUP, Sinn, Northern Ireland Assembly, Northern, Protocol, Irish, Republic of Ireland, Northern Ireland, Union, BBC Radio, Stormont, State, Government, Northern Ireland Executive, Assembly, Foreign Affairs, Defence, Executive Locations: Northern Ireland, Ireland, United Kingdom, Republic of Ireland, Belfast, Republic of, Westminster, Northern, Stormont –, Stormont

☆ Zelenskiy Counts on More Western Defence Aid for Ukraine in Next Two Months
▼ + stars: | 2024-01-20 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +1 min

By Nick StarkovKYIV (Reuters) - President Volodymyr Zelenskiy said on Saturday that he expected a number of new Western defence packages for Ukraine to be signed this and next month. "We are preparing new agreements with partners - strong bilateral agreements," Zelenskiy said in his nightly video address. After Russia launched its full-scale invasion of Ukraine in February 2022, Kyiv's Western allies united in providing unprecedented military and other aid to help Zelenskiy defend his country. Zelenskiy did not name the countries with which he hoped to finalise agreements. The Ukrainian president has spent weeks on an international diplomatic frenzy trying to secure more political and military support.

Persons: Nick Starkov, Volodymyr Zelenskiy, Zelenskiy, Kyiv's, Kyiv's staunchest, Emmanuel Macron, Lidia Kelly, Chizu Nomiyama Organizations: Nick Starkov KYIV, Russia, Ukraine Locations: Ukraine, United States, Ukraine's, Britain, finalise, Paris, Melbourne

☆ France's Macron to Travel to Ukraine in February to Finalise Bilateral Security Deal
▼ + stars: | 2024-01-16 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +1 min

PARIS (Reuters) - French President Emmanuel Macron said on Tuesday he would travel to Ukraine in February to finalise a bilateral security guarantee deal and Paris would deliver more sophisticated weaponry in the coming weeks. France has been working to complete a bilateral security guarantee accord with Ukraine to help boost its finances and defences against Russia with a view to deterring Moscow from future aggression. Macron said some 40 Scalp long-range missiles and several hundred bombs would be delivered in the coming weeks. "With these deliveries, I will go myself to Ukraine in February and finalise these texts," Macron told a news conference, adding that Europeans would need to ensure Ukraine could continue to defend itself against Russia. Macron said Russia could not be allowed to defeat Ukraine otherwise the security of Europe would be put at risk.

Persons: Emmanuel Macron, Macron, Rishi Sunak, John Irish, Lisa Shumaker Organizations: PARIS, European Union, British Locations: Ukraine, finalise, Paris, United States, France, Russia, Moscow, Kyiv, Europe

☆ Icelandic Volcano Calms Down but Risk Remains
▼ + stars: | 2024-01-16 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +1 min

Live video footage on Tuesday morning no longer showed signs of molten rock erupting from the ground, even as experts warned that new fissures could emerge at short notice. Grindavik resident Hrannar Jon Emilsson watched his almost-finished house burn down on live TV after the volcano erupted on Sunday. "You sit and watch the news showing everything go up in smoke," Emilsson told Icelandic independent broadcaster Channel 2. It was the second eruption on the peninsula of Reykjanes in four weeks, and the fifth since 2021. The Icelandic Civil Defence, the IMO and other experts are due to meet later on Tuesday to discuss the situation.

Persons: Hrannar Jon Emilsson, Emilsson, Gerhard Mey, Louise Breusch Rasmussen, Tom Little, Terje Solsvik, Bernadette Baum Organizations: Channel, Icelandic Meteorological, Icelandic Civil Defence Locations: REYKJAVIK, Iceland, Grindavik, Reykjanes, Reykjavik, Copenhagen

☆ Top diplomats meet in Davos on Ukraine 'peace formula'
▼ + stars: | 2024-01-14 | by ( ) www.cnbc.com time to read: +2 min

Ukraine's President Volodymyr Zelenskyy speaks during a joint press conference with Lithuania's President (not in picture) in Vilnius, Lithuania, on January 10, 2024. Ukraine pushed ahead with its peace formula to end nearly two years of war with Russia with a meeting of national security advisers from around the world in Davos on Sunday. Switzerland, which hosted the NSA representatives, said the Ukraine peace talks aimed to finalise principles "for a lasting and just peace in Ukraine" at the level of national security advisers. The role of the Global South in Ukraine's peace formula talks has come into focus in Davos. It is unclear, however, if countries in the Global South agree with that as a peace formula.

Persons: Volodymyr Zelenskyy, Volodymyr Zelenskiy, Zelenskiy, Andriy Yermak, Penny Pritzker, James O'Brien, Jake Sullivan, Antony Blinken, Nuhu Ribadu, Yermak Organizations: Lithuania's, Sunday, Economic, U.S, State, Eurasian Affairs, National, NSA Locations: Vilnius, Lithuania, Ukraine, Russia, Davos, Switzerland, Africa, Latin America, East, Asia, Swiss

[1/4] The company logo is seen on the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China September 26, 2021. REUTERS/Aly Song/File Photo Acquire Licensing RightsHONG KONG, Dec 4 (Reuters) - A court hearing into a liquidation petition filed against China Evergrande Group (3333.HK) was adjourned in a Hong Kong court to next month, allowing more time to finalise a debt restructuring proposal in a major relief for the embattled developer. On Oct. 29, when adjourning the hearing to Monday, Hong Kong High Court Justice Linda Chan had said the next hearing would be the last before a decision was made on liquidating Evergrande. Evergrande last week scrambled to put together a revised restructuring plan to avoid a possible liquidation order. The creditors were opposed to the latest restructuring plan and will seek liquidation if the terms do not change, said the advisor.

Persons: Aly, Jan, Linda Chan, Evergrande, Hui Ka Yan, Clare Jim, Sumeet Chatterjee, Kim Coghill, Christopher Cushing Organizations: China Evergrande Group, REUTERS, China Evergrande, HK, Hong, Hong Kong High, Moelis, Authorities, Thomson Locations: China, Shenzhen, Guangdong province, HONG KONG, Hong Kong, Evergrande, destabilised

Italy's Prime Minister Giorgia Meloni addresses her speech during the question time at the upper house of parliament in Rome, Italy November 23, 2023. REUTERS/Remo Casilli Acquire Licensing RightsROME, Dec 1 (Reuters) - Italy will provide 100 million euros ($108.91 million) to a new fund to help poor countries cope with "loss and damage" due to climate change, Prime Minister Giorgia Meloni said on Friday, adding she would invest 70% of her 4.2-billion euro Climate Fund in Africa. "We are contributing to the loss and damage fund with 100 million euros to help achieve the goals of this COP28," she told an event at the COP28 climate conference in Dubai. Italy's Climate Fund is part of a commitment by rich countries to funnel at least $100 billion a year in developing economies through green transition projects under the form of state guarantees, loans and equity investments. In late 2021, under Meloni's predecessor Mario Draghi, Italy set aside 840 million euros per year between 2022 and 2026 for the programme plus an additional annual endowment of 40 million euros starting from 2027.

Persons: Giorgia Meloni, Remo Casilli, Rome, Mario Draghi, Gilberto Pichetto Fratin, William Maclean Organizations: Italy's, REUTERS, Rights, Fund, Energy, Reuters, Treasury, Thomson Locations: Rome, Italy, Africa, Dubai

Foundation models like the one built by Microsoft (MSFT.O)-backed OpenAI are AI systems trained on large sets of data, with the ability to learn from new data to perform various tasks. In a meeting of the countries' economy ministers on Oct. 30 in Rome, France persuaded Italy and Germany to support a proposal, sources told Reuters. Until then, negotiations had gone smoothly, with lawmakers making compromises across several other conflict areas such as regulating high-risk AI, sources said. France-based AI company Mistral and Germany's Aleph Alpha have criticised the tiered approach to regulating foundation models, winning support from their respective countries. Other pending issues in the talks include definition of AI, fundamental rights impact assessment, law enforcement exceptions and national security exceptions, sources told Reuters.

Persons: Carlos Barria, Thierry Breton, Geoffrey Hinton, Alpha, Mistral, Mark Brakel, Supantha Mukherjee, Josephine Mason, Alexander Smith Organizations: Technology, Intelligence, REUTERS, Rights, Reuters, Foundation, Microsoft, European Commission, Mistral, Lawmakers, Life Institute, Thomson Locations: San Francisco, California, U.S, Rights STOCKHOLM, BRUSSELS, LONDON, France, Germany, Italy, Rome, Spain, Belgium, Stockholm

☆ Support for Germany's Greens falls amid budget crisis, poll shows
▼ + stars: | 2023-11-25 | by ( ) www.reuters.com time to read: +2 min

[1/2] Germany's Greens party co-leaders Omid Nouripour, Ricarda Lan, German Economy and Climate Protection Minister Robert Habeck and German Foreign Minister Annalena Baerbock applause during the 49th Greens party convention in Rheinstetten, near Karlsruhe, Germany, November 25, 2023. REUTERS/Wolfgang... Acquire Licensing Rights Read moreFRANKFURT, Nov 26 (Reuters) - The Green Party's popularity with voters has fallen to its lowest in over five years, a poll showed on Sunday, as Germany's coalition government grapples with a big hole in its budget. A weekly poll conducted by the INSA institute for the Bild am Sonntag newspaper showed 73% of respondents were dissatisfied with the federal government. "The coalition falls to 34%, 18 percentage points less than in the 2021 federal election," said INSA's head Hermann Binkert. "At the moment it does not look like the SPD or the Greens will be able to lead the government after the 2025 general election."

Persons: Omid Nouripour, Ricarda Lan, Robert Habeck, Annalena, Wolfgang, Annalena Baerbock, Hermann Binkert, Olaf Scholz, Emma, Victoria Farr, Christina Fincher Organizations: Germany's Greens, Climate, German, 49th Greens, REUTERS, The Greens, Social Democrats, Free Democrats, SPD, Greens, CDU, CSU, Thomson Locations: German, Rheinstetten, Karlsruhe, Germany, FRANKFURT

The court ruling has called into question Germany's traditionally strict fiscal policy and sparked warnings that German companies could be starved of support to keep them globally competitive. HANDS TIEDThe crisis has sparked calls for reforming the debt brake. "With the debt brake as it is, we have voluntarily tied our hands behind our backs and are going into a boxing match," he said. A poll by broadcaster ZDF suggested only a minority of Germans supported suspending the debt brake. Some 57% wanted the budget shortfall from the court ruling to be covered by spending cuts, 11% favoured tax increases and 23% wanted the state to take on additional debt.

Persons: Olaf Scholz, Robert Habeck, Christian Lindner, Scholz, Lindner, Habeck, Steffen Hebestreit, Holger Hansen, Christian Kraemer, Miranda Murray, Rene Wagner, Matthias Williams, Toby Chopra, Gareth Jones, Deepa Babington Organizations: Climate, Finance, BERLIN, Greens, Social Democrats, Free Democrats, FDP, ZDF, Thomson Locations: Germany, Europe's, East Germany, China

☆ Formula One set to change sprint format for 2024
▼ + stars: | 2023-11-24 | by ( ) www.reuters.com time to read: +2 min

The governing FIA said on Friday its Sporting Advisory Committee would present a final proposal to the F1 Commission in January. "The Commission gave overall support for an update to the sprint format for 2024 to further rationalise the weekend by separating Sprint activities from those for the Grand Prix," the FIA said in a statement. Six of this year's 22 rounds were sprint weekends, including the Qatar Grand Prix in which Red Bull's Max Verstappen clinched his third world title on a Saturday. The current format has qualifying for the grand prix on Friday with sprint qualifying and standalone race filling Saturday's schedule. Points could be awarded more widely for the sprint race, with a possible reverse grid element also under consideration.

Persons: Stefano Rellandini, ABU, Max Verstappen, Red, Christian Horner, Alan Baldwin, Ed Osmond Organizations: Prix, FiA, REUTERS, FIA, Sporting, F1, Sprint, Qatar, Red Bull, F1 Commission, Thomson Locations: Monza, Italy, ABU DHABI, Qatar, London

The court ruling has called into question Germany's traditionally strict fiscal policy and sparked warnings that German companies could be starved of support to keep them globally competitive. The debt brake, introduced after the global financial crisis of 2008/09, was first suspended in 2020 to help the government support firms and health systems during the COVID-19 pandemic. HANDS TIEDThe crisis has sparked calls for reforming the debt brake. "With the debt brake as it is, we have voluntarily tied our hands behind our backs and are going into a boxing match," he said. A poll by broadcaster ZDF suggested only a minority of Germans supported suspending the debt brake.

Persons: Christian Lindner, Fabrizio Bensch, Scholz, Olaf Scholz, Lindner, Robert Habeck, Habeck, Steffen Hebestreit, Holger Hansen, Christian Kraemer, Miranda Murray, Rene Wagner, Matthias Williams, Toby Chopra, Gareth Jones Organizations: REUTERS, BERLIN, Finance, Greens, ZDF, Thomson Locations: Berlin, Germany, Europe's, East Germany, China

Enel, hitherto the world's biggest listed renewables developer, plans 35.8 billion euros ($39 billion) of gross capital expenditure in its plan to 2026, of which nearly 19 billion euros will help to modernise and make its networks more resilient. Shares in the state-controlled power group were down 0.4% at 1530 GMT paring a 1% initial loss on the Milan bourse and underperforming a nearly flat blue-chip index. Rising indebtedness was one of the reasons why the Italian government, which is the single biggest shareholder in Enel, decided to oust the group's previous CEO, Francesco Starace. New CEO Flavio Cattaneo pledged to spend only the cash generated by the business, without increasing the debt pile. The group will devote some 3 billion euros to actively manage its customer portfolio through bundled offers, which will include different commodities and services.

Persons: Antonio Parrinello, Enel, Francesco Starace, Flavio Cattaneo, Cattaneo, Stefano De Angelis, Starace, Francesca Landini, Giancarlo Navach, Keith Weir, Giulia Segreti, Elaine Hardcastle, Jonathan Oatis Organizations: REUTERS, Milan bourse, Thomson Locations: Catania, Italy, MILAN, Milan, Enel

☆ China puts Country Garden on draft list of builders to support -Bloomberg News
▼ + stars: | 2023-11-22 | by ( ) www.reuters.com time to read: +3 min

The company logo of Chinese developer Country Garden is pictured at the Shanghai Country Garden Center in Shanghai, China August 9, 2023. REUTERS/Aly Song/File Photo Acquire Licensing RightsNov 22 (Reuters) - China has placed debt-laden Country Garden Holdings Co (2007.HK) on a draft list of 50 developers eligible for a range of financing support, Bloomberg reported on Wednesday, citing people familiar with the matter. Country Garden declined to comment. Once China's biggest private property developer, Country Garden missed a coupon payment in October, triggering default terms. It is unclear what specific measures will be taken to support the developers on the draft list.

Persons: Aly, CIFI, Bloomberg, Ting Meng, Nomura, Devika Nair, Xie Yu, Kim Coghill, Clarence Fernandez Organizations: Shanghai Country Garden, REUTERS, Garden Holdings, HK, Bloomberg, Ocean Group, CIFI Holdings, Reuters, Wednesday, Regulators, Country, ANZ Bank China, Thomson Locations: Shanghai, China, Beijing, Bengaluru, Hong Kong

☆ EU fiscal pact ignores green elephant in the room
▼ + stars: | 2023-11-21 | by ( Lisa Jucca | ) www.reuters.com time to read: +8 min

REUTERS/Henry Nicholls Acquire Licensing RightsMILAN, Nov 21 (Reuters Breakingviews) - The European Union’s troubled fiscal pact, once branded as "stupid" by former European Commission President Romano Prodi, has reached its sell-by date. Average EU debt has been consistently above the 60% target. NEW COURSEThe proposed revamp of the fiscal pact, now under discussion, is an improvement. BRAVE NEW DEBT WORLDFor all of Brussels’ reforming zeal, Europe’s future debt rules ignore a giant elephant in the room: climate change. Another option is to remove green investments from the fiscal rules’ deficit calculations.

Persons: Henry Nicholls, Romano Prodi, Christian Lindner, Giorgia Meloni, Breakingviews, Bruno Le Maire, Olaf Scholz’s, Mario Draghi, Francesco Guerrera, Thomas Shum Organizations: Trust, REUTERS, Reuters, European, Reuters Graphics Reuters, European Commission, French Finance, EU, Intel, European Central Bank, Italian, Union, Thomson Locations: Green Park, London, Britain, Maastricht Treaty, Germany, it's, Italy, Greece, Brussels, EU, United States, Spain, Europe

☆ Foxconn's electric car unit falls in market debut amid tough industry outlook
▼ + stars: | 2023-11-20 | by ( ) www.reuters.com time to read: +2 min

A view of a Foxtron logo on a electric vehicle on display during the company's annual Tech Day in Taipei, Taiwan, October 18, 2022. REUTERS/Ann Wang/File Photo Acquire Licensing RightsTAIPEI, Nov 20 (Reuters) - Shares in Foxtron Vehicle Technologies (2258.TW), a unit of Taiwanese contract manufacturer Foxconn (2317.TW), fell in their market debut on Monday, hurt by concerns over headwinds in the highly competitive electric vehicle market. Foxtron shares did recover some ground from earlier losses of as much as 9%, ending down 2.7% which gave it a market capitalisation of around $2.7 billion. Foxtron is a joint venture between Foxconn - the world's largest contract manufacturer for iPhones and other consumer electronics - and local car maker Yulon (2201.TW). Young Liu, chairman of both Foxtron and Foxconn, said, however, the company has a clear strategy for growth.

Persons: Ann Wang, Foxtron, Yulon . Young Liu, Liu, Foxconn, Terry Gou, Ben Blanchard, Faith Hung, Anne Marie Roantree, Navaratnam, Edwina Gibbs Organizations: Tech Day, REUTERS, Rights, Vehicle Technologies, Mega International Securities, Yulon, Thomson Locations: Taipei, Taiwan, Rights TAIPEI, Foxconn, North America, Southeast Asia, China

☆ U.N. Plastic Treaty Talks Grapple With Re-Use, Recycle, Reduce Debate
▼ + stars: | 2023-11-19 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +2 min

Some said the number of submissions represented progress, while campaign group Greenpeace said it was "chaos". Greenpeace said a successful deal would require the United States and the European Union to show greater leadership than they have so far. The International Pollutants Elimination Network (IPEN), a global network of non-governmental organisations, however, said the proposals reflected the robustness of the Nairobi talks. Less than 10% of the plastic waste is recycled, the U.N. Members of the Saudi delegation at the talks declined to talk to Reuters, while Russian delegates could not immediately be reached for comment.

Persons: Duncan Miriri, INC3, Graham Forbes, IPEN, George Obulutsa, Barbara Lewis Organizations: United Nations, Greenpeace, Kenyan, European Union, International Union for Conservation, Nature, European, Saudi Locations: Duncan Miriri NAIROBI, Russia, Saudi Arabia, United States, Nairobi, Switzerland, Uruguay, Canada, Kenya, European Union

☆ U.N. plastic treaty talks grapple with re-use, recycle, reduce debate
▼ + stars: | 2023-11-19 | by ( Duncan Miriri | ) www.reuters.com time to read: +2 min

Persons: INC3, Graham Forbes, IPEN, Duncan Miriri, George Obulutsa, Barbara Lewis Organizations: Greenpeace, Plastics, United Nations, Kenyan, European Union, International Union for Conservation, Nature, European, Saudi, Thomson Locations: NAIROBI, Russia, Saudi Arabia, United States, Nairobi, Switzerland, Uruguay, Canada, Kenya, European Union

☆ Man United nears sale of 25% stake to Jim Ratcliffe for $33 a share -Sky News
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +4 min

The Glazer family announced last November that they were exploring "strategic alternatives" for the club, including a possible sale and were open to fresh investment. Manchester United's U.S.-listed shares rose 9.5% to $20.10 in early trading on Friday. Manchester United generates more revenue and has a larger fan base than its London rival. The Glazer family has faced intense criticism from fans over its handling of this key part of the club's operations. The six descendants of American businessman Malcolm Glazer, who died in 2014, currently control 96% of Manchester United's voting stock.

Persons: Glazer, Jim Ratcliffe, Ratcliffe, Sir Alex Ferguson, Richard Arnold, Roman Abramovich, Todd Boehly, Phil Noble, Malcolm Glazer, Ineos, Eva Mathews, Matt Scuffham, Arun Koyyur, Susan Fenton Organizations: Manchester, soccer, Sky News, Old, Manchester United, Premier League soccer, Chelsea, U.S, Clearlake, REUTERS, Reuters, Tampa Bay Buccaneers, Forbes, Ligue, Nice, Swiss Super League, FC Lausanne, Racing Club Abidjan, Ivory Coast Ligue, Grenadiers, Thomson Locations: Old Trafford, Manchester United's U.S, London, Manchester, Britain, Ineos, British, Bengaluru

☆ Man United nears $33 per share stake deal with Ratcliffe - Sky News
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +2 min

The offer represents a premium of 79.1% to the stock's Thursday closing price of $18.43, which gave the Old Trafford club a market capitalization of about $3 billion. Ratcliffe, also the chair of petrochemicals firm Ineos, would pay more than $1.5 billion for a 25% stake in United if his bid for the soccer club is accepted, Reuters reported in October. The Glazer family, which made its fortune in real estate, retail and healthcare and owns the NFL's Tampa Bay Buccaneers, bought the team for 790 million pounds in 2005. The six descendants of American businessman Malcolm Glazer, who died in 2014, together control 96% of Manchester United's voting stock. The deal was yet to be finalised and remained the subject of ongoing negotiations, Sky News reported on Friday.

Persons: Jim Ratcliffe, Phil Noble, Glazer, Ratcliffe, Malcolm Glazer, Richard Arnold, Patrick Stewart, Eva Mathews, Arun Koyyur Organizations: REUTERS, Manchester, soccer, Sky News, Old, U.S, Reuters, Tampa Bay Buccaneers, Premier League, Thomson Locations: Old Trafford, Manchester, Britain, United, Bengaluru

The logo of Russian technology giant Yandex is on display at the company's headquarters in Moscow, Russia December 9, 2022. Dutch holding company Yandex NV's planned restructuring is aimed at recouping some shareholder funds with the sale of its main revenue-generating Russian businesses, such as its search and ride-hailing operations. 'CONTROL FOR LESS'Yandex NV may sell 100% of a holding company set up in Russia's Kaliningrad region, said one of the people. A third source said this scenario would see Yandex NV make a clean break with Russia. Yandex NV shareholders could easily have been left with nothing, said one of the sources.

Persons: Evgenia, Yandex, Yandex's, Arkady Volozh, Russia's, nationalising Yandex, Darya Korsunskaya, Alexander Marrow, David Goodman, Bernadette Baum Organizations: REUTERS, Kremlin, VK, Reuters, Carlsberg, Danone, Yandex, Thomson Locations: Moscow, Russia, Ukraine, Yandex, Dubai, Russia's Kaliningrad, nationalising

☆ Centeno says outgoing Portugal PM only invited him to ponder on premiership
▼ + stars: | 2023-11-13 | by ( Sergio Goncalves | ) www.reuters.com time to read: +2 min

LISBON, Nov 13 (Reuters) - Bank of Portugal Governor Mario Centeno, who is under fire from the opposition over an invitation by the outgoing prime minister to replace him as premier, said on Monday he never accepted the offer but was just asked to ponder on the matter. Portuguese opposition parties on Friday argued that such an invitation compromised the political independence of a central bank governor. The Bank of Portugal's ethics committee is expected to meet on Monday to evaluate his conduct. Prime Minister Antonio Costa stepped down on Tuesday over an investigation into alleged illegalities in his government's handling of lithium and hydrogen projects and a large-scale data centre. Centeno announced his departure from the finance ministry in June 2020, during Costa's second term, and was nominated to head the bank a month later.

Persons: Mario Centeno, Antonio Costa, illegalities, Costa, Marcelo Rebelo de Sousa, Centeno, Rebelo de Sousa, Olli Rehn, Balazs Koranyi, Francesco Canepa, Andrei Khalip, Bernadette Baum Organizations: Bank of Portugal, Socialist, European Central Bank policymaker, Bank of, ECB, Thomson Locations: LISBON, Portuguese, Bank of Portugal, ECB's, Finland, Frankfurt

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