(Reuters) -Tesla’s new car sales in Spain fell 36% in April from the same month in 2024 to 571 vehicles, registration data released by industry group ANFAC showed on Monday, while sales of electric cars from other brands soared. Over the first four months of 2025, sales of Teslas in Spain fell 17% over the …
New Tesla sales in Spain drop 36% in April despite EV sales surge Read More »
(Reuters) -Berkshire Hathaway’s board voted unanimously to name Greg Abel president and CEO starting next year, while Warren Buffett will stay on as chairman, CNBC reported on Monday, citing sources. The move officially initiates the transition that will see Buffett step aside after six decades at the helm of the conglomerate. Buffett surprised shareholders on …
Berkshire board names Greg Abel as CEO, Buffett to remain chair, CNBC reports Read More »
(Reuters) -Sterling rose against a weaker dollar on Monday, ahead of the Bank of England’s next policy decision due later this week. The pound was up 0.29% versus the dollar <GBP=D4> to 1.33045 at 1107 GMT, broadly in line with moves across broader currency markets. [FRX/] Newsflow in Britain was thin due to a bank …
Sterling gains against dollar ahead of this week’s BoE meeting Read More »
By Abhinav Parmar (Reuters) -AI-powered defense startup Anduril Industries on Monday said it has entered into a definitive agreement to acquire Ireland-based tactical communications systems maker Klas. Anduril, along with software maker Palantir and Elon Musk’s SpaceX, has emerged as frontrunners to win a crucial part of President Donald Trump’s “Golden Dome” missile defense shield, …
Anduril to acquire Ireland’s Klas to bolster AI warfare systems Read More »
MILAN (Reuters) -Mediobanca’s proposed acquisition of wealth manager Banca Generali is “a good deal” and does not conflict with Monte dei Paschi di Siena’s bid for Mediobanca, an investor in the latter was quoted as saying on Monday. Mediobanca CEO Alberto Nagel has said he sees the plan to acquire Banca Generali and bring wealth …
Mediobanca investor Mediolanum says Banca Generali deal compatible with MPS bid Read More »
(Reuters) – German COVID-19 vaccine maker BioNTech said on Monday that Ramon Zapata-Gomez will become its new finance chief from July 1. Zapata-Gomez is currently CFO of Novartis unit Novartis BioMedical Research and will take over from Jens Holstein who, as previously announced, will retire from BioNTech on June 30. (Reporting by Isabel Demetz and …
BioNTech says Novartis executive Zapata-Gomez to become CFO Read More »
BERLIN (Reuters) -Investor morale in the euro zone recovered more strongly than expected in May after U.S. President Donald Trump’s tariffs caused sentiment in the bloc to nose-dive last month, though it still remains at a low level, a survey showed on Monday. The Sentix index for the euro zone rose to -8.1 in May …
Euro zone investor index recovers in May after Trump tariffs hit Read More »
By Christina Amann (Reuters) -Volkswagen’s premium brand Audi on Monday kept its full-year guidance, with the caveat that any impact from U.S. tariffs was not included, after its first-quarter revenue rose 12.4% on higher sales of electric models. Quarterly revenue rose to 15.43 billion euros ($17.49 billion) in January-March, compared with 13.73 billion a year …
Audi keeps outlook after Q1 sales rise, but tariff impact not included Read More »
STOCKHOLM (Reuters) -Volvo Cars reported on Monday an 11% decrease in April sales to 58,881 cars from a year earlier, sending its shares down. Volvo Cars, which is majority-owned by China’s Geely, said in a statement sales of fully electric cars fell 32% to account for 20% of total sales volumes. Sales of electrified cars …
Volvo Cars sales fall 11% in April as fully electric cars slump Read More »
MADRID (Reuters) – Spanish telecom company Telefonica is considering cutting about 4,000 to 5,000 jobs to reduce its structural costs and improve efficiency, news website El Confidencial reported on Monday citing unnamed financial sources. The company cut about 3,400 jobs last year, a move that would reduce its costs by 285 million euros per year …
Telefonica evaluates cutting 4,000 to 5,000 job in Spain, El Confidencial says Read More »
