(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 »
(Reuters) – British Prime Minister Keir Starmer spoke with U.S. President Donald Trump, discussing trade between the two nations among other subjects including the situation in Ukraine and Iran, a Downing Street spokesperson said on Friday. Britain is hoping to strike a deal with Trump after he imposed 10% tariffs on most imports of British …
UK PM Starmer discussed trade with Trump, Downing Street says Read More »
WASHINGTON (Reuters) – Italy and the United States issued a joint statement against “discriminatory” taxes on digital services on Friday, in a possible signal Rome is moving away from a levy that has irked Washington. The statement came as Meloni held back-to-back transatlantic meetings with Donald Trump and his deputy JD Vance, winning a warm …
Italy agrees with US to oppose ‘discriminatory’ tech taxes Read More »
VIENNA (Reuters) – Raiffeisen Bank International, the largest Western bank still operating in Russia, is proceeding with the sale of its Russian unit, the bank said on Friday, rejecting a media report that the process had been put on hold. RBI has been under pressure from authorities on both sides of the Atlantic to reduce …
Austria’s Raiffeisen Bank denies report it has halted Russia unit sale Read More »
ROME (Reuters) – Italian fashion house Valentino’s operating profit dropped 22% last year, the company said on Friday, as the luxury sector faced a slowdown in global demand for high-end goods, particularly in Asia. European luxury groups have been counting on wealthy Americans to kick-start growth as the outlook for China remained bleak. But after …
Italian fashion house Valentino suffers 22% profit drop in 2024 Read More »
MOSCOW (Reuters) – The Russian rouble strengthened past 81 to the U.S. dollar, supported by rising oil prices, reaching its highest level since June 28, 2024. At 0900 GMT the rouble was up 1.5% 80.90 to the U.S. currency in thin trade ahead of the Orthodox Easter holiday. The price for oil, Russia’s main commodity, …
Russian rouble strengthens past 81 vs U.S. dollar, up 40% since start of 2025 Read More »
