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Citi hires Goldman veteran Friedland to boost investment banking team Jul 17, 2025 09:41AM

(Reuters) -Citigroup has hired David Friedland as co-head of North America investment banking coverage, its top executive Vis Raghavan announced in an internal memo seen by Reuters on Thursday.

Friedland will join the bank after a nearly 28-year stint at Goldman Sachs, where he earned the coveted titled of partner and was most recently the head of the cross markets group.

(Reporting by Niket Nishant in Bengaluru and Tatiana Bautzer in New... (continue reading...)


Explainer-Who are the Druze and why does Israel say it is hitting Syria for their sake? Jul 17, 2025 09:39AM

(Reuters) -Violence in Syria pitting the Islamist-led government against members of the Druze community has put a spotlight on the small but influential minority. Straddling Lebanon, Syria, Jordan, Israel and the Israeli-occupied Golan Heights, the Druze occupy a special niche in the region's complex politics.

Israel has cited protecting the Druze as a reason for attacking forces from the Islamist-led government this week.

WHO ARE THE... (continue reading...)


BWX Technologies secures naval nuclear reactor component contract worth up to $2.6 billion Jul 17, 2025 09:36AM

(Reuters) -BWX Technologies said on Thursday it has secured contracts worth $2.6 billion, including future options, to manufacture components for nuclear submarines and an aircraft carrier for the U.S. Navy.

The United States has been modernizing its nuclear-powered Navy fleet as part of broader efforts to counter China's growing influence in the Indo-Pacific region.

In 2023, Reuters reported that the U.S. Navy was carrying out its largest... (continue reading...)


Israel parliamentary panel demands state compensation for Israelis stranded during Iran war Jul 17, 2025 09:35AM

By Steven Scheer

JERUSALEM (Reuters) -The head of an Israeli parliamentary committee told the Finance Ministry on Thursday to come up with a compensation plan by next week for Israelis stranded abroad during last month's war with Iran or the panel would impose one.

Tens of thousands of Israelis were unable to return to the country for much of the 12-day conflict that began in mid-June since Israel's airspace was largely closed due to daily... (continue reading...)


Meta investors, Zuckerberg reach settlement to end trial over Facebook privacy litigation Jul 17, 2025 09:32AM

WILMINGTON, Delaware (Reuters) -A lawyer for Meta Platforms shareholders who were suing Mark Zuckerberg and other company leaders told a Delaware judge on Thursday that the parties had reached a settlement agreement, ending a $8 billion trial over Facebook’s user privacy violations.

(Reporting by Tom Hals, Editing by Bhargav Acharya;)


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