LONDON, Feb 10 (Reuters) - Barclays hiked CEO C.S. Venkatakrishnan's pay package to 15 million pounds ($20.5 million) in 2025, it said on Tuesday, up from 11.6 million pounds the year before after the bank in common with other British lenders increased bonus payouts for top staff.
While Barclays cut fixed pay for the CEO known internally as Venkat, the lender boosted his variable pay including bonuses to 12.7 million pounds from 8.5 million in... (continue reading...)
SAN FRANCISCO, Feb 10 (Reuters) - Cisco Systems on Tuesday launched a new chip and router designed to speed information through massive data centers that will compete against offerings from Broadcom and Nvidia for a piece of the $600 billion AI infrastructure spending boom.
Cisco said its Silicon One G300 switch chip, expected to go on sale in the second half of the year, will help the chips that train and deliver AI systems talk to each other over... (continue reading...)
BEIJING, Feb 10 (Reuters) - China has accused a former deputy director of its defence industry regulator of bribery and abuse of influence, the top prosecutor said on Tuesday, as Beijing steps up its anti-graft campaign in the military and supporting industries.
The move, part of a wider shake-up that saw the investigation of the nation's top general, follows last week's removal of three lawmakers with ties to the defence, aerospace and nuclear... (continue reading...)
Feb 10 (Reuters) - Europe's benchmark share index was subdued on Tuesday as shares of BP fell after the energy giant suspended share buybacks, while gains in luxury stocks following a better-than-expected earnings update from Kering limited declines.
The pan-European STOXX 600 index was flat at 621.28 points at 0815 GMT and was just a whisker away from an intra-day all-time high.
BP (NYSE: BP) dropped 4% after the UK company posted... (continue reading...)
Feb 10 (Reuters) - Jaguar Land Rover is recalling 2,278 I-PACE SUVs in the U.S. as a high voltage battery may overheat, increasing the risk of a fire, the U.S. National Highway Traffic Safety Administration said on Tuesday.
"As an interim repair, the battery software will be updated by a dealer, or through an over-the-air (OTA) update to limit the state of charge to 90%", NHTSA said, adding that the final remedy is currently under... (continue reading...)
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