MILAN (Reuters) – Pirelli has put on hold plans to invest further in the United States as it tries to smooth out tensions linked to having Chinese state-owned group Sinochem as its largest investor, the Italian tyre maker said on Friday. Sinochem has a 37% stake in Pirelli and is at odds with the company …
Pirelli says US investment plans on hold over Chinese shareholder Read More »
By Lucy Raitano LONDON(Reuters) – The pound fell versus the euro and rose versus the dollar on Friday, reflecting a sell-off in U.S. assets as traders flee to safe-haven currencies amid an escalating global trade war, while better-than-expected UK GDP figures barely moved the dial. At 1004 GMT, the pound was 1% higher versus the …
Sterling falls against euro, rises versus dollar as traders focus on trade war Read More »
OSLO (Reuters) – Europe’s imports of liquefied natural gas (LNG) are set to increase by a quarter this year, as the continent needs to offset lower pipeline gas supplies amid a weather-driven rise in demand, the International Energy Agency (IEA) said on Friday. “Over the whole of 2025, European LNG imports are expected to increase …
European LNG imports to rise 25% in 2025, IEA forecasts Read More »
WARSAW (Reuters) – The European Central Bank is ready to deploy its instruments to maintain financial stability and has a solid track record in devising new tools when required to deal with turbulence, ECB President Christine Lagarde said on Friday. “The European Central Bank is monitoring and is always ready to use the instruments that …
ECB ready to deploy its instruments to maintain financial stability, Lagarde says Read More »
PARIS (Reuters) -Societe Generale has selected William Connelly to be chairman of the board of directors starting May 2026, subject to his renewal as a director by the general meeting on May 20, the French bank said on Thursday. Connelly, a member of the board of directors since 2017, chairs the risk committee and is …
French bank Societe Generale selects William Connelly as new chairman Read More »
By Isabel Demetz, Marleen Kaesebier (Reuters) -German packaging and medical equipment maker Gerresheimer reported a drop in its organic core earnings on Friday, hit by continued weak demand for moulded glass used in cosmetics and a shift in syringe revenues into later quarters. The company, which makes the types of pens used to inject weight-loss …
Gerresheimer’s first-quarter results hit by low demand for moulded glass Read More »
(Reuters) -Alphabet’s Google laid off hundreds of employees in its platforms and devices unit, The Information reported on Friday, citing a person with direct knowledge of the situation. The cuts in the division, which houses the Android platform, Pixel phones and the Chrome browser among other applications, follow Google’s January buyout offers to employees in …
Google lays off hundreds of employees in Android, Pixel teams, The Information reports Read More »
By David Milliken and Suban Abdulla LONDON (Reuters) -Britain’s economy returned to growth in February with its fastest expansion in 11 months, beating economists’ expectations and placing it on a slightly firmer footing as it braces for the impact of U.S. tariffs. British gross domestic product grew at a monthly pace of 0.5% in February, …
UK economy beats forecasts in February but Trump tariffs threaten future growth Read More »
PARIS (Reuters) – French state-owned power giant EDF’s Flamanville 3 reactor outage was extended for an additional week to carry out maintenance on three more components in the nuclear part of the reactor, an EDF spokesperson told Reuters on Friday. The extension comes after a two-month delay for maintenance on the cooling circuit and rotors …
Newest French reactor faces further delays due to new issues Read More »
ROME (Reuters) – Italy plans to sell assets valued at close to 1% of gross domestic product through 2027 to keep its fragile state finances in check, the Treasury said in its multi-year budget framework. Economy Minister Giancarlo Giorgetti said this week the government would press ahead with a previously announced plan to sell state …
Italy plans asset sales worth 0.8% of GDP through 2027, Treasury says Read More »
