Environment
Reuters exclusively reported[1] that the world’s small island states plan to join forces to push for debt relief and more climate investment ahead of this year’s COP29 climate summit, part of a 10-year strategy to help save some of them from
KKR wins EU approval for Telecom Italia deal
Deals
Reuters exclusively reported[1] that U.S. investment firm KKR was set to secure unconditional EU antitrust approval for its up to 22-billion-euro ($24 billion) acquisition of Telecom Italia’s (TIM) fixed-line network. The story was later confirmed byRead more https://www.reutersagency.com/en/reutersbest/article/kkr-wins-eu-approval-for-telecom-italia-deal/
Microsoft’s UAE deal could transfer key U.S. chips and AI technology abroad
Technology
Reuters exclusively reported[1] that Microsoft’s high profile deal with the United Arab Emirates-backed AI firm G42 could eventually involve the transfer of sophisticated chips and tools – a move that a senior Republican congressman warned could Emirati bank FAB in advanced talks to buy Turkey's Yapi Kredi
Business & FinanceDeals
Reuters reported[1] first Abu Dhabi Bank (FAB) is in advanced talks to acquire Turkish conglomerate Koc Group’s 61.2% stake in Istanbul-based lender Yapi Kredi for about $8 billion. Shares in Yapi Kredi soared 10% after the news
Reuters ahead with key market-moving alerts from JP Morgan’s investor day
Business & Finance
On May 20, Reuters was about a minute ahead[1] on a news alert when JPMorgan Chase CEO Jamie Dimon, speaking to investors at an event in New York, revealed that major Wall Street bank is not planning to buy back its shares, Shanghai eases data-export curbs sought by Tesla, other firms
Reuters exclusively reported[1] that Shanghai has compiled a list of data that can be transferred overseas without security assessments, a much anticipated move as China tries to lure foreign investment to boost a sluggish economy.
Market
Vietnam forfeits billions of dollars in foreign aid amid anti-graft freeze
Economy
Reuters exclusively reported[1] that Vietnam forfeited at least $2.5 billion in foreign aid over the last three years and may lose another $1 billion because of administrative paralysis, the United Nations, the World Bank and Western donors told the