Author: staff
Unilever has chosen Amsterdam over London for its ice cream business’ primary listing, in a new blow to the City of London’s struggling initial public offering (IPO) market. British multinational consumer goods company Unilever revealed that it would be demerging its ice cream business later this year. The division will be primarily listed in Amsterdam following the spin off, with secondary listings in New York and London. However, Unilever itself has listings on all these markets, although it is primarily listed in London as well. Unilever’s share price dropped 6.2% on Thursday afternoon. The company’s ice cream branch owns brands such as…
As part of a broader political shift within America’s cultural landscape, Disney+ is changing its autoplay warnings about racial stereotypes on ‘Dumbo’ and ‘Peter Pan’. As Donald Trump’s presidency continues to send ripples across the world’s cultural landscape, Disney+ is now adjusting its content warnings about racial stereotypes for older movies. The content warnings, introduced by Disney in November 2019, would autoplay before some of the company’s classic titles like ‘Dumbo’ (1941) and ‘Peter Pan’ (1953) to contextualise and warn of outdated racist depictions. The disclosure was updated in 2020 to state: “This program includes negative depictions and/or mistreatment of…
Parliament’s email reminded lawmakers they should use “Parliament’s corporate solutions” Teams and Jabber when possible and only Signal if the two are unavailable. “The use of Signal is proposed as a safe alternative in cases where no equivalent corporate tool is available,” the Parliament’s press service said in a statement, adding it couldn’t “comment further on security or cybersecurity measures or tools.” In 2020, the European Commission gave a similar advice, telling its staff to switch to Signal for secure communications. In 2023, several EU institutions also banned the use of Tiktok on work-related devices, requesting that its staff —…
Earnings increased despite weaker sales, thanks to the German firm’s efficiency drive. Meanwhile, Thyssenkrupp’s military-related units expect a boost from greater defence spending. German manufacturer Thyssenkrupp gave a mixed financial update on Thursday as it highlighted rocky market conditions but underlined some areas of improvement.The group posted a net loss of €33 million from October to December, following a loss of €305m in the same quarter a year earlier.Group sales, meanwhile, dropped to €7.8 billion from €8.2bn last year, linked to lacklustre demand and lower prices.“Despite the challenging market environment, we improved our performance in the 1st quarter,” CFO of…
“The talks that I have had with [Trump] and that my advisers have also had with his advisers lead to the conclusion that we can hope and assume that the U.S. will continue to support Ukraine,” Scholz told POLITICO’s Berlin Playbook podcast hours before Trump effectively called time on its support for Kyiv as it resists Russia’s invasion. Later on Wednesday, Trump announced he would begin immediate negotiations with Russian President Vladimir Putin while U.S. Defense Secretary Pete Hegseth ruled out Ukrainian membership in NATO and said Europe “must provide the overwhelming share of future lethal and nonlethal aid to…
Earnings increased despite weaker sales, thanks to the German firm’s efficiency drive. Meanwhile, Thyssenkrupp’s military-related units expect a boost from greater defence spending. German manufacturer Thyssenkrupp gave a mixed financial update on Thursday as it highlighted rocky market conditions but underlined some areas of improvement.The group posted a net loss of €33 million from October to December, following a loss of €305m in the same quarter a year earlier.Group sales, meanwhile, dropped to €7.8 billion from €8.2bn last year, linked to lacklustre demand and lower prices.“Despite the challenging market environment, we improved our performance in the 1st quarter,” CFO of…
Seibert did not immediately respond to a request for comment from POLITICO, and the Commission has not confirmed details of the visit. Outreach from Seibert came amid preparations for U.S. Vice President J.D. Vance to sit down with von der Leyen on Tuesday this week in Paris. According to a Commission readout from the closed-door meeting between Vance and von der Leyen, she “reaffirmed the EU’s commitment to a fair trade relationship, while both parties expressed their intention to prioritize economic areas of mutual interest, including energy.” Following the announcement of the tariffs, the Polish Presidency of the Council of…
Musk’s comments came during his video call with the World Governments Summit in Dubai, in which he also made several references to “thermonuclear warfare” and the potential risks of artificial intelligence. Elon Musk has called on the US government to ‘delete entire agencies’, as part of his ongoing campaign under the Trump administration to drastically reduce government spending and reframe national priorities.The tech billionaire argued that rather than merely reforming existing agencies, the US government needed a more radical approach. “We should delete entire agencies,” he said. “If we don’t remove the roots of the problem, it’s easy for it…
The UK economy inched up slightly in the last quarter of 2024, ahead of market expectations. However, the country is still dealing with slower growth than some of its other G7 peers. The UK economy grew by 0.1% in the last quarter of 2024, according to the Office for National Statistics. The figure was This was above analyst expectations of a -0.1% fall and better than the previous quarter, which was stagnant. The figure, although small, is cheering news for the UK’s Labour government, which is insisting that its focus remains on economic growth. However, the UK economy is still…
“The position of Brussels — to support killing as long as it takes — is morally and politically unacceptable,” Hungary’s leader says. Listen AI generated Text-to-speech Share