MILAN (Reuters) – Open Fiber on Friday said it would invest 10 billion euros ($11 billion) through to 2034 to bring broadband to around 20 million homes across Italy, after securing cash from shareholders and additional funds from lenders. Open Fiber, which almost a decade ago Italy’s government tasked with rolling out fibre optic cables …
Italy’s Open Fiber plans 10 billion euro investments as losses widen Read More »
LONDON (Reuters) – Spirits giant Diageo has suggested the U.S. government consider tougher rules of origin requirements in trade agreements as an alternative to tariffs, a letter to the U.S. Trade Representative showed. In the March 11 letter, Diageo, the world’s top spirits maker caught in the crossfire of U.S. President Donald Trump’s effort to …
Spirits giant Diageo suggests alternative to Trump’s tariffs – letter Read More »
By Tassilo Hummel and Elisa Anzolin PARIS/MILAN (Reuters) -Kering lost around $3 billion in stockmarket value on Friday after the group chose in-house talent Demna to reinvigorate its Gucci label rather than hiring one of fashion’s big-ticket names as chief designer. Kering’s shares fell by up to 13% in morning trade in Paris and were …
Gucci’s pick of Demna as new design chief unsettles Kering investors Read More »
By Valentina Za and Tom Sims MILAN (Reuters) -The European Central Bank has given UniCredit the green light to buy up to 29.9% of Commerzbank, the Italian bank said, adding it would likely wait until next year before deciding whether to pursue a full takeover. With Germany up in arms against the potential acquisition, UniCredit’s …
UniCredit gets ECB’s nod for Commerzbank, says decision in 2026 Read More »
By Giuseppe Fonte ROME (Reuters) – European Union authorities are considering an accounting change that would increase Italy’s towering public debt, two sources with knowledge of the matter told Reuters, adding the Italian authorities were in negotiation. The change would make Motorway operator Autostrade per l’Italia a public entity, meaning its up to 11.5 billion …
Italy faces EU accounting change that could add billions to public debt Read More »
(Reuters) – Barclays on Friday lowered its 2025 Brent oil price forecast by $9 per barrel to $74 per barrel, citing a softer demand outlook amid elevated economic uncertainty. Brent crude futures were trading around $70 a barrel on Friday, after settling 1.5% lower in the previous session. U.S. West Texas Intermediate crude was at …
Barclays cuts 2025 Brent oil price forecast on soft demand view Read More »
(Reuters) -Liberty Global has approached Britain’s Vodafone over a possible acquisition of its stake in their Dutch joint venture VodafoneZiggo, Bloomberg News reported on Friday, citing people familiar with the matter. Vodafone, VodafoneZiggo and Liberty Global declined to comment on the report. Liberty Global has expressed an interest in a deal and held on-and-off talks …
Liberty Global eyes Vodafone’s Dutch joint venture stake, Bloomberg News reports Read More »
By Samuel Indyk, Harry Robertson and Dhara Ranasinghe LONDON (Reuters) -European stock markets rallied on Friday as news of an agreement between German political parties on a historic debt deal added to optimism that has swept across the region, but analysts warned of the challenges ahead. Germany’s benchmark DAX index was up almost 2%, while …
Euro zone stocks rally as German parties agree historic fiscal deal Read More »
By Yadarisa Shabong (Reuters) -Sterling lost some ground versus the dollar on Friday after data painted a grim picture of the British economy, and it softened against the euro as prospects of a German debt deal lifted the shared European currency. The British pound fell as much as 0.25% to $1.2918 before clawing its way back …
Sterling eases after UK economy unexpectedly contracts in January Read More »
ROME (Reuters) -Italy’s state-controlled power grid operator Terna said on Friday it would invest more than 23 billion euros ($25 billion) on network upgrades over the next 10 years, to help support the country’s energy transition. The group, which had last year pledged overall investments of 16.5 billion euros through 2028, announced it would raise …
Italy’s grid operator Terna to invest 23 billion euros over 10 years Read More »
