By Isla Binnie
Feb 9 (Reuters) - Apollo Global Management reported a 13% rise in fourth-quarter profit on Monday, buoyed by inflows of fresh client money and strong debt origination.
The New York-based alternative asset manager posted adjusted net income of $1.54 billion, or $2.47 per share, for the last three months of the year. That compares with $1.36 billion, or $2.22 per share, a year earlier.
Quarterly growth was... (continue reading...)
By Nathan Vifflin
Feb 9 (Reuters) - Europe took a step to strengthen its hand in the global chip race on Monday as Belgian research firm imec opened "NanoIC", a 2.5 billion euros ($2.95 billion) pilot line aimed at developing ultra-advanced semiconductors under the EU's Chips Act.
WHY IT'S IMPORTANT
Europe is home to major chipmaking equipment champions - including Dutch lithography leader ASML - but produces and designs... (continue reading...)
NAIROBI, Feb 9 (Reuters) - Eritrea on Monday rejected accusations by Ethiopia that it was responsible for military aggression and was backing armed groups inside Ethiopian territory as "false and fabricated", calling the claims part of a hostile campaign by Addis Ababa.
Ethiopia's foreign minister had accused neighbouring Eritrea over the weekend of military aggression and of supporting armed groups inside Ethiopian territory, where recent clashes... (continue reading...)
Feb 9 (Reuters) - Symrise AG said on Monday that investigations against it in U.S. antitrust proceedings by the Department of Justice have been dropped.
The German fragrances and flavours maker said no unlawful anti-competitive conduct on the part of Symrise had been established.
(Reporting by Maria RugamerEditing by Ludwig Burger)
STOCKHOLM, Feb 9 (Reuters) - Sweden will tighten citizenship rules with applicants facing a longer, eight-year wait before they can apply, a minimum wage threshold and a test of their understanding of Swedish society, the centre-right government said on Monday.
Successive governments have tightened immigration policies since 2015, when around 160,000 asylum seekers sought refuge in Sweden. But the minority coalition government is betting that an even... (continue reading...)
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