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ROME (Reuters) – Negotiations on a potential contract between Elon Musk’s satellite internet operator Starlink and the Italian government have stalled, reflecting broader geopolitical tensions, Italy’s defence minister said on Saturday. Prime Minister Giorgia Meloni’s government is aiming to guarantee encrypted communications between the government, diplomats and defence officials operating in risky areas and Starlink …

Italy’s talks with Musk’s Starlink have stalled, minister says Read More »

By Natalia Siniawski and Maximilian Heath BUENOS AIRES (Reuters) -Argentina’s presidential office on Friday said it issued a preventive measure to suspend Telecom’s acquisition of Telefonica’s local unit, claiming the pending merger could lead to excessive market concentration. Spanish telecoms giant Telefonica said in February it was selling its unit in the country to Telecom …

Argentina suspends Telecom’s purchase of Telefonica unit Read More »

(Reuters) – Vivendi on Friday said it has reduced its ownership in Telecom Italia (TIM) to 18.4% from 23.8%, in line with its earlier strategic decision to divest from the Italian telecom operator. After further sales made post-March 18, the Paris-listed group said it now owned 18.37% of the ordinary shares and voting rights, and …

France’s Vivendi reduces stake in Telecom Italia to 18.4% Read More »

By Mike Stone WASHINGTON (Reuters) – U.S. President Donald Trump awarded Boeing on Friday the contract to build the U.S. Air Force’s most sophisticated fighter jet yet, handing the company a much-needed win and boosting its shares. The Next Generation Air Dominance program will replace Lockheed Martin’s F-22 Raptor with a crewed aircraft built to …

Trump picks Boeing over Lockheed for fighter jet contract Read More »

By Joanna Plucinska, Tim Hepher and Muvija M LONDON (Reuters) -The closure of Britain’s Heathrow is set to affect the global aviation system for days and cost tens of millions of dollars, experts say, raising questions over why better contingency planning was not in place at the world’s fifth-largest airport. Experts were stunned at the …

Heathrow shutdown raises concerns over contingency planning Read More »

By Nora Eckert and Kalea Hall DETROIT (Reuters) -Jeep-maker Stellantis is offering a new round of buyouts for some of its U.S. factory workers as the automaker looks to cut costs following a difficult 2024. The automaker confirmed on Friday that it is offering voluntary buyouts to some workers at facilities in Detroit, Ohio and …

Stellantis initiates new round of buyouts for some US factory workers Read More »

By Ananya Mariam Rajesh and Nicholas P. Brown (Reuters) – Nike shares closed down 5.7%, falling to a five-year low on Friday after a warning of another quarter of sales decline sparked worries about the pace of a crucial turnaround at the sportswear giant under new CEO Elliott Hill. The company on Thursday forecast a …

Nike tumbles to five-year low as sales decline forecast clouds quick turnaround hopes Read More »

STOCKHOLM (Reuters) – Northvolt’s bankruptcy trustee said on Friday it had made “significant” progress in negotiating the continuation of operation of the electric vehicle battery maker, while talks with potential buyers proceed. The Swedish company filed for bankruptcy in Sweden on March 12, marking one of the country’s largest corporate failures and effectively ending Europe’s …

Northvolt’s bankruptcy trustee hopeful on business continuation Read More »

(Reuters) -Britain’s Heathrow Airport said on Friday that it had begun reopening after a massive fire at a nearby electrical substation knocked out power, forcing a shutdown at Europe’s busiest airport and disrupting the flight schedules of airlines globally. At least 120 inbound flights to Heathrow were diverted to other airports, according to flight-tracking website …

Factbox-What to know about airlines due to fly into Heathrow Airport on Friday Read More »

(Reuters) – Barclays won the dismissal on Friday of two U.S. securities fraud lawsuits stemming from the British bank’s unauthorized sale of $17.7 billion more securities than U.S. regulators allowed. U.S. District Judge Lewis Liman in Manhattan said investors who acquired Barclays’ iPath Series B S&P 500 VIX Short-Term Future exchange-traded notes (“VXX”) could not …

Barclays beats two lawsuits in US over $17.7 billion issuance blunder Read More »