Reuters UK Business

By Elisa Anzolin and Keith Weir MILAN (Reuters) – Donatella Versace, who helped to ensure the survival of the family fashion empire after the killing of her brother Gianni almost three decades ago, is to step down as the brand’s chief designer, its owner announced on Thursday. Donatella took on the role of chief creative …

Donatella Versace’s bold vision kept brand in the limelight after Gianni’s murder Read More »

By Andres Gonzalez and Shadia Nasralla LONDON (Reuters) -BP is seeking to sell 50% of its solar unit Lightsource bp to a strategic partner for cash and a commitment of future investments, with bids due in June, the energy major said in a sales document seen by Reuters.  London-listed BP is planning asset sales and …

Exclusive-BP seeks to sell 50% of solar unit to strategic partner, bids due in June, document shows Read More »

PARIS (Reuters) – French antitrust authority said on Thursday it had approved the acquisition by Carrefour of the French business of Belgian retailer Louis Delhaize on the condition that eight stores would be sold to competitors. Carrefour said in a separate statement it would start talks with potential buyers with the goal to sell the …

French antitrust clears Carrefour’s acquisition of Delhaize’s French business Read More »

By Nikhil Sharma and Purvi Agarwal (Reuters) -European shares closed slightly lower on Thursday after U.S. President Donald Trump threatened to impose tariffs on alcoholic products from the European Union, further aggravating a full-blown global trade war. The pan-European STOXX 600 was 0.2% lower, after closing higher on Wednesday. In his latest pronouncement, Trump said …

European shares close loser after Trump threatens new tariffs; German reforms in focus Read More »

(Reuters) -Anglo American has begun a consultation process in the United Kingdom and South Africa to cut jobs, amid a broader restructuring aimed at refocusing its operations on copper and iron ore mining, a spokesperson said on Thursday. As part of the strategic overhaul, the company is set to spin off its Anglo American Platinum …

Anglo American begins consultation to cut jobs amid business overhaul Read More »

(Reuters) -When the CEO of Russian state gas giant Gazprom, Alexei Miller, opened a lavish Italian palazzo-styled building in central St Petersburg to house the company’s export arm 11 years ago, he augured a future funded by European sales.   “This is symbolic,” he said, referring to the modern new offices in Russia’s most European city. …

Gazprom’s grandeur fades as Europe abandons Russian gas Read More »

By Riham Alkousaa BERLIN (Reuters) – A Peruvian farmer is getting his day in court in a landmark climate case against German energy giant RWE that could shake up how the effects of companies’ emissions are litigated. The Higher Regional Court of Hamm will start a hearing on Monday between farmer Saul Luciano Lliuya and …

Explainer-Why is a Peruvian farmer taking Germany’s RWE to court over climate change? Read More »