Italy’s Berlusconi wins another legal battle in Bunga Bunga bribe case

By Emilio Parodi MILAN (Reuters) – An Italian court on Wednesday acquitted Silvio Berlusconi over allegations of paying witnesses to lie in an underage prostitution case that has dogged the former prime minister for more than a decade. Berlusconi was accused of bribing 24 people, mostly young, female guests at his so-called Bunga Bunga parties, …

Italy’s Berlusconi wins another legal battle in Bunga Bunga bribe case Read More »

NATO aims for closer cooperation with industry after Nord Stream blasts

BRUSSELS (Reuters) – NATO said on Wednesday it will set up a point of contact at its Brussels headquarters to improve coordination with the industry on issues concerning critical undersea infrastructure after the attacks on the Nord Stream gas pipelines in September. “The sabotage of the Nord Stream pipelines has reminded us all of the …

NATO aims for closer cooperation with industry after Nord Stream blasts Read More »

Senators press U.S. FAA on recent airplane near miss incidents

By David Shepardson WASHINGTON (Reuters) – U.S. senators on Wednesday raised concerns about a string of recent near miss airplane incidents with the acting Federal Aviation Administration head as well as about a FAA computer system outage that snarled thousands of flights last month. “These incidents are concerning. They impact Americans confidence in our aviation …

Senators press U.S. FAA on recent airplane near miss incidents Read More »

EU regulators set new June 7 deadline for Broadcom, VMware deal

BRUSSELS (Reuters) – EU antitrust regulators have resumed their investigation into Broadcom’s $61 billion bid for cloud computing company VMware and will decide by June 7 whether to clear or block the deal, a European Commission regulatory filing showed on Wednesday. The EU competition watchdog had stopped the clock on its investigation on Jan. 31, …

EU regulators set new June 7 deadline for Broadcom, VMware deal Read More »

Fintech threat to big banks fizzled in 2022 as rates rose – report

By Hannah Lang (Reuters) – The competitive threat of financial technology companies to big banks diminished over the past year as rising interest rates constricted funding, a new report from Moody’s Investor Service found. A decline in venture capital funding in 2022 particularly hurt fintech firms that rely on outside capital to fund their operations …

Fintech threat to big banks fizzled in 2022 as rates rose – report Read More »