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Intel says it has no plans to divest majority stake in Mobileye 

Intel says it has no plans to divest majority stake in Mobileye 

Business & FinanceDealsTechnology 19 September 2024, 10:35 am 1 minute Reuters was first to report on Intel’s decision not to divest its majority stake in Mobileye, boosting the Israeli company’s shares by over 16%. Mobileye shares, which have dropped 73% this year, took a beating earlier in the month after media reports that Intel was…

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African countries eye world’s first joint ‘debt-for-nature’ swap 

African countries eye world’s first joint ‘debt-for-nature’ swap 

EconomyEnvironment 26 September 2024, 5:56 pm 1 minute Reuters exclusively reported that at least five African countries are working on what could be the world’s first joint “debt-for-nature” swap to raise at least $2 billion to protect a coral-rich swathe of Indian Ocean. Debt-for-nature deals are becoming increasingly popular for poorer nations to pay for…

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CVS explores options including potential break-up 

CVS explores options including potential break-up 

Business & FinanceHealth 01 October 2024, 6:03 pm 1 minute Reuters exclusively reported that CVS Health is exploring options that could include a break-up of the company to separate its retail and insurance units, as the struggling healthcare services company looks to turn around its fortunes amid pressure from investors. Market Impact CVS has been…

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US opposition to Nippon Steel deal ‘very unsettling’, Japan PM hopeful says

US opposition to Nippon Steel deal ‘very unsettling’, Japan PM hopeful says

Business & FinanceEconomy 06 September 2024, 11:06 am 1 minute Reuters exclusively reported that one of the frontrunners to become Japan’s next premier said that any U.S. move to block Japan’s Nippon Steel from buying U.S. Steel on national security grounds would be “very unsettling.” Shigeru Ishiba, a former defence minister, told Reuters in an…

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JPMorgan CEO Jamie Dimon to visit Africa in growth push

JPMorgan CEO Jamie Dimon to visit Africa in growth push

18 September 2024, 12:03 pm 1 minute Reuters exclusively reported that JPMorgan Chase CEO Jamie Dimon plans to travel to Africa in mid-October in a push by the biggest U.S. lender to expand on the continent. Dimon is expected to visit Kenya, Nigeria, South Africa and Ivory Coast during the trip, his first trip to the…

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Ryanair raises summer fare outlook as ‘ugly scenario’ avoided

Ryanair raises summer fare outlook as ‘ugly scenario’ avoided

Business & Finance 27 August 2024, 5:57 pm 1 minute Reuters was first to report that Ryanair CEO Micheal O’leary no longer sees a risk of double-digit percentage falls in fares as the European short-haul weakness had “levelled out”. Market Impact The news caused Ryanair shares to rise by as much as 6% – they…

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