By Tim Hepher TOULOUSE, France (Reuters) -France’s industry minister called on Friday for a proportionate but firm response to U.S. tariffs and said Europe wanted to avoid a damaging trade escalation, with the door open to negotiation. Speaking to reporters at an Airbus factory in Toulouse, Industry Minister Marc Ferracci said sweeping tariffs introduced by …
France calls for firm tariff response avoiding escalation Read More »
By Sanchayaita Roy (Reuters) -British stocks plunged on Friday as investors avoided risky assets after China’s retaliatory tariffs against the United States heightened worries of a global recession. The blue-chip FTSE 100 index touched a more than three-month low, down nearly 5% – its largest daily drop since March 2020, when world markets slumped due …
British stocks slump in worst day since 2020 as US-China trade war intensifies Read More »
By Sukriti Gupta, Medha Singh, Lisa Pauline Mattackal (Reuters) -European shares slumped on Friday, with the benchmark STOXX 600 and Germany’s DAX confirming correction territory, as China’s retaliation to sweeping U.S. tariffs intensified fears of a global recession triggered by the trade war. China announced a slew of countermeasures against tariffs imposed by U.S. President …
European shares confirm correction in worst day since 2020 after China’s tariff response Read More »
(Reuters) -Swedish fintech Klarna has paused its plans for a U.S. initial public offering as President Donald Trump’s sweeping tariffs rattle global markets, according to sources familiar with the situation. The decision would complicate an uneven recovery for the U.S. IPO market, as the company’s listing was seen as a potential catalyst for encouraging others …
Sweden’s Klarna pauses US IPO plans as tariffs roil markets, sources say Read More »
MILAN (Reuters) – Italy’s Banco BPM on Friday secured more than the two-third majority threshold set for its buyout offer for asset manager Anima Holding required to reap the maximum benefits from the deal. Bourse data and Reuters calculations showed on Friday, the final day of the offer, take-up had reached around 68% of Anima’s …
Banco BPM secures 89.9% stake in Anima Holding after tender offer Read More »
By Foo Yun Chee BRUSSELS (Reuters) – French engine and aircraft equipment maker Safran on Friday secured the green light from EU antitrust regulators for its $1.8 billion bid for Collins Aerospace’s flight controls business after pledging to sell a North American actuator business. Safran announced the deal in 2023, its largest since its 2018 …
Safran wins EU antitrust approval for $1.8 billion Collins deal Read More »
ROME (Reuters) – The Italian economy will grow by 0.5% this year, far below the government’s official 1.2% estimate, the country’s central bank said on Friday, cutting a 0.7% forecast it made in December and warning of the impact of U.S. trade tariffs. The central bank forecast that tariffs announced by U.S. President Donald Trump …
Bank of Italy cuts Italian growth outlook after US tariffs Read More »
By Inti Landauro MADRID/BARCELONA (Reuters) -Canadian-based tech company Telus sent home as many as 2,000 people from its content moderation centre in Barcelona after Facebook owner Meta Platforms severed its contract, local unions CCOO and UGT said. The company – operating locally as CCC Barcelona Digital Services – emailed its workers on Thursday placing them …
Meta’s content moderation contractor to cut 2,000 jobs in Barcelona Read More »
By Jesús Aguado MADRID (Reuters) -Spain’s Santander Executive Chair Ana Botin warned about the uncertainty caused by U.S. trade tariffs on Friday as markets fret about a rapid economic downturn, but said the bank’s geographical spread will help protect it. Bank shares have tumbled in the past two days, with the European banking index down …
By Amy-Jo Crowley and Emma-Victoria Farr LONDON/FRANKFURT (Reuters) – ProSiebenSat.1 has lined up defence advisers, including Morgan Stanley, after receiving a takeover bid from its largest investor MFE-MediaForEurope, the TV group controlled by Italy’s Berlusconi family, two people with knowledge of the matter said. Last week, MFE launched a bid for the shares of ProSieben …
ProSiebenSat.1 lines up Morgan Stanley in defence against MFE’s bid, sources say Read More »
