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Italy mulling hiking thresholds for mandatory takeover bids, sources say

By Giuseppe Fonte, Elvira Pollina ROME (Reuters) -Italy is considering raising the ownership thresholds that trigger mandatory takeover bids in public companies, three sources familiar with the matter told Reuters, as part of plans to spur the country’s underdeveloped capital market. Since she took office in late 2022, Prime Minister Giorgia Meloni has adopted initiatives …

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USTR releases trade barriers report ahead of Trump’s reciprocal tariffs

By David Lawder WASHINGTON (Reuters) – U.S. President Donald Trump’s administration released an encyclopedic list of foreign countries’ policies and regulations it regards as trade barriers on Monday, two days before he proposed hitting global trading partners with reciprocal tariffs. The Office of the U.S. Trade Representative’s annual National Trade Estimate Report on foreign trade …

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Goldman Sachs trims Europe’s STOXX 600 forecast on Trump tariff impact

(Reuters) – Goldman Sachs cut its 12-month forecast for Europe’s benchmark STOXX 600 index, citing the potential impact of U.S. President Donald Trump’s tariff plans. The Wall Street brokerage trimmed its forecast to 570 points from 580 earlier. The pan-European stock index last closed at 533.92 points on Monday.On Sunday, Trump said that his upcoming …

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Alstom extends contract for John F. Kennedy Airport’s AirTrain in New York

(Reuters) – Train maker Alstom has signed a seven-year contract extension for the operations and maintenance of its AirTrains at the John F. Kennedy airport in New York, the French group said on Tuesday. The contract extension with the Port Authority of New York and New Jersey (PANYNJ) is valued at around $518 million and …

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British house prices stagnated in March, Nationwide says

(Reuters) -British house prices were flat in March and the market is likely to stay soft after a tax increase on property transactions, mortgage lender Nationwide said on Tuesday. A Reuters poll of economists had pointed to a 0.2% month-on-month increase. As of Tuesday, Britain’s government has lowered the price threshold at which buyers become …

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Lufthansa says no decline in US bookings despite stricter border policy

BERLIN (Reuters) – German airline Lufthansa has not experienced a decline in bookings to and from the United States despite a stricter border policy under President Donald Trump, its finance chief said. “Our important transatlantic business continues to look very good,” CFO Till Streichert told newspaper Boersen-Zeitung in an interview released late on Monday. Streichert …

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Mercedes-Benz stocking inventory in US ahead of tariffs, analyst note says

BERLIN (Reuters) – Mercedes-Benz is building up inventory levels in the U.S. at the wholesale level and at dealer lots to get ahead of tariffs due to be collected from April 3, executives told analysts on a call on Monday, according to notes by analysts. Asked about pricing, executives said no carmaker was operating in …

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OpenAI plans to release open-weight language model in coming months

(Reuters) -OpenAI is planning to release its first open-weight language model with reasoning capabilities since GPT‑2 in the coming months, CEO Sam Altman said on Monday. An open-weight language model’s trained parameters or weights are publicly accessible, which can be used by developers to analyze and fine-tune the model for specific tasks without requiring original …

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Morning bid: A deep breath before ‘Liberation Day’

A look at the day ahead in European and global markets from Kevin Buckland The deep breath that global markets are taking in the countdown to Donald Trump’s “Liberation Day” tariff announcement looks like it will continue into the European session, with futures there pointing higher. Wall Street’s relatively minor respite was magnified in Asia. …

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Finland’s last active coal-fired power and heat plant shuts down

By Anne Kauranen HELSINKI (Reuters) – Finland’s last coal-fired power and heat plant in active production will shut down permanently on Tuesday, enabling Helsinki energy group Helen to cut its emissions and put an end to rising energy costs for its customers, its chief executive said. Finland’s renewable power and heat production capacity, such as …

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