BEIJING (Reuters) -DHL Express, a division of Germany’s Deutsche Post, said it would suspend global business-to-consumer shipments worth over $800 to individuals in the United States from April 21, as U.S. customs regulatory changes have lengthened clearance. The notice on the company website was not dated, but its metadata showed it was compiled on Saturday. …
DHL to suspend global shipments of over $800 to US consumers Read More »
(Reuters) – Russian state development bank VEB will invest more than 1.1 trillion roubles ($13.40 billion) to develop a copper mine in Chukotka in the far east of the country, the government said on Saturday. The development of the Baimskaya copper deposit, first discovered in 1972, is expected to create some 6,000 jobs and generate …
Russia’s VEB to invest $13.4 billion in copper mine in country’s far east Read More »
By Giuseppe Fonte and Valentina Za ROME (Reuters) -Italy has cleared with conditions UniCredit’s takeover bid for rival Banco BPM, with sources saying a speedier exit from Russia is among demands set by Rome for the bank led by CEO Andrea Orcel. UniCredit’s presence in Russia is a bone of contention also with the European …
Italy clears UniCredit’s bid for Banco BPM with prescriptions Read More »
By Milana Vinn, Amy-Jo Crowley and Abigail Summerville (Reuters) – After U.S. President Donald Trump’s tariffs sent global markets sideways, Silicon Valley private equity firm Silver Lake Partners and chipmaker Intel added some new terms to a deal they had spent months negotiating. The talks continued for an extra week, during which the new clause …
Bankers get creative to sign M&A deals in Trump’s trade war Read More »
ZURICH (Reuters) – Swiss electronics company Cicor said on Friday its offer to buy parts of France’s Eolane Group has been accepted by the Paris Commercial Court, boosting its presence in France. In a statement, Cicor said the deal would strengthen its market position in the aerospace and defence sector and be completed on April 22. …
Switzerland’s Cicor wins approval to buy parts of France’s Eolane Read More »
(Reuters) – The CEO of Hertz said he feels humbled following comments by billionaire investor Bill Ackman, whose investment management company Pershing Square recently accumulated a 19.8% stake in the car rental firm. “I am humbled, and we should all feel encouraged by Bill Ackman’s comments and energized by the strong support shown by him,” Hertz CEO …
Hertz CEO says he is humbled by Bill Ackman’s endorsement Read More »
(Reuters) -The U.S. Food and Drug Administration approved the use of Sanofi and Regeneron’s blockbuster drug Dupixent for patients with a type of skin condition, the two companies said on Friday. The agency’s green light is a victory for the companies, as the FDA had declined to approve the drug for the skin condition in …
Sanofi-Regeneron’s Dupixent gets FDA’s nod for skin condition Read More »
By Crispian Balmer ROME (Reuters) – Artificial intelligence can write a great book review and is good at irony, but it won’t replace quality journalism, said the editor of an Italian newspaper at the forefront of AI experimentation. In what it said was a world first, Il Foglio put out a four-page daily insert for …
Italian newspaper gives free rein to AI, admires its irony Read More »
ISTANBUL (Reuters) – Turkey’s competition board said on Friday that it approved carmaker Tofas’ takeover of Stellantis NV’s local distribution business on condition of an investment plan and additional commitments submitted by the parties. In a statement, the antitrust authority said it accepted the second commitment package presented by the parties, including an investment plan, …
Carmaker Tofas gets Turkish antitrust authority nod for takeover of Stellantis Otomotiv Read More »
By Chris Prentice NEW YORK (Reuters) – Volvo Group plans to lay off as many as 800 workers at three U.S. facilities over the next three months due to market uncertainty and demand concerns in the face of President Donald Trump’s tariffs, a spokesperson said on Friday. Volvo Group North America said in a statement …
Volvo to cut up to 800 US jobs as Trump’s tariffs bite Read More »
