(Reuters) – Britain’s Reckitt Benckiser Group is considering if it should shelve the sale of its infant nutrition unit, as high-profile deals have fallen through due to a worsening financing market, Bloomberg News reported on Tuesday. Talks between the…
Thomson Reuters names ex-Gannett CEO as Reuters News president
(Reuters) – Thomson Reuters Corp on Tuesday named Paul Bascobert as president of Reuters News, turning to a tech and media veteran to drive growth at the 171-year-old news organization. Bascobert, 58, is a former CEO of U.S. print giant Gannett Co Inc,…
Britain must spend more on defence, minister says
By Elizabeth Piper LONDON (Reuters) -Britain must bolster defence investment to tackle threats not only from Russia but from China and other countries, its defence minister said on Tuesday after the new head of the nation’s army warned the country was …
Michelin, Nokian first tyre companies to quit Russia
By Gilles Guillaume and Dominique Vidalon (Reuters) -Michelin plans to hand over its Russian activities to a new entity under local management by the end of the year and rival Nokian Tyres said it would quit the country, the first Western tyre makers t…
Renault teams up with Atos on data gathering
PARIS (Reuters) – French carmaker Renault is teaming up with software company Atos, the companies said on Tuesday, to collect and analyse data in a “strategic collaboration” to help sector players reduce costs. Renault and Atos said their data partners…
Toshiba director Watahiki tenders resignation after shareholder vote -TV Tokyo
TOKYO (Reuters) – Toshiba Corp external director Mariko Watahiki tendered her resignation after a shareholder vote on Tuesday endorsing all proposed directors including two whose candidacy she had opposed, TV Tokyo reported. Watahiki, a former high cou…
Northern Ireland post-Brexit ‘protocol’ hurting some, a boon others
By Amanda Ferguson and Clodagh Kilcoyne BALLYMENA, Northern Ireland (Reuters) – Irwin Armstrong, a former chair of Boris Johnson’s Conservative Party in Northern Ireland, has a simple message for the British Prime Minister when it comes to the province…
Credit Suisse to update investors on strategy in key areas -CEO
BERLIN (Reuters) – Credit Suisse will inform investors about the delivery of its strategy in risk management, compliance, technology and operations and wealth management at its investor day on Tuesday, the chief executive said. “Despite the challenging…
The transformation of Hong Kong in five charts
HONG KONG (Reuters) – Hong Kong returned to China in 1997 after 156 years of British colonial rule. Here are some major transformations the financial hub has witnessed during the past 25 years. OUTSHINED BY MAINLAND CHINA While Hong Kong retains an out…
Akzo Nobel names Poux-Guillaume as new chief executive
(Reuters) – Dulux paint maker Akzo Nobel has named Gregoire Poux-Guillaume as its new chief executive, with effect from Nov. 1. If approved by shareholders, Poux-Guillaume will take over from incumbent Thierry Vanlancker when his term ends, the Dutch c…