(Reuters) – Italian luxury group Prada is moving closer to a deal to buy Versace from upmarket fashion group Capri Holdings after agreeing to a price of nearly 1.5 billion euros ($1.6 billion), Bloomberg News reported on Sunday. Prada and Capri – also owner of brands including Jimmy Choo and Michael Kors – could finalise …
Prada moving closer to $1.6 billion deal for Versace, Bloomberg News reports Read More »
(Reuters) – British startup Wayve will establish a new testing and development hub in Germany, deploying a fleet of test vehicles in the Stuttgart region, the self-driving technology firm said on Monday. The self-driving technology firm, which focuses on “Embodied AI” that can learn from and adapt to human behaviour, said the new hub will …
British self driving startup Wayve enters Germany with new testing and development hub Read More »
By Gavin Jones ROME (Reuters) – Italy’s economy grew by a listless 0.7% last year, below the government’s official 1% forecast, but the budget deficit fell by more than expected as tax revenues jumped, data showed on Monday. The details of public accounts issued by national statistics bureau ISTAT offered both good and bad news …
Italy’s 2024 public accounts prove sweet and sour for PM Meloni Read More »
By Dawn Chmielewski (Reuters) – Frank McCourt announced on Monday that Alexis Ohanian, the co-founder of Reddit and a venture capitalist, has joined his bid to acquire TikTok’s U.S. operations as a strategic adviser specializing in social media. Ohanian was an internet pioneer who founded Reddit with his roommate from the University of Virginia. He …
Exclusive-Reddit co-founder Alexis Ohanian joins Frank McCourt’s bid for TikTok Read More »
(Reuters) -Sensor integrated circuits provider Allegro Microsystems is drawing takeover interest from larger competitor ON Semiconductor, Bloomberg News reported on Sunday, citing people familiar with the matter. Onsemi has been working with advisers in recent months to pursue Allegro, the Bloomberg report said, adding that it’s possible other suitors could emerge for Allegro and the …
Allegro drawing takeover interest from ON Semiconductor, Bloomberg News reports Read More »
LONDON (Reuters) – Britain’s media regulator Ofcom on Monday set social media and other online platforms a March 31 deadline to submit a risk assessment around how likely users are to encounter illegal content on their sites. New laws passed last year require companies like Meta’s Facebook and Instagram and ByteDance’s TikTok to take action …
UK asks social media firms to assess online risks by March 31 Read More »
MADRID (Reuters) – Tech giant Amazon on Monday said it will use artificial intelligence to reduce flood risks in Spain’s northeastern region of Aragon where it is building data centres. Amazon’s cloud computing unit AWS announced in May it would invest 15.7 billion euros ($17.02 billion) in data centres in Aragon to significantly expand its …
Amazon unveils AI scheme to tackle flood risks in Spain’s Aragon Read More »
By William Schomberg LONDON (Reuters) – British factories cut staff at the fastest pace in nearly five years last month as the government’s payroll tax increase began to push up their costs and demand at home and abroad was weak, a survey showed on Monday. But manufacturers also turned the most positive in six months …
UK factories cut staff at fastest pace since 2020 but optimism rises, PMI shows Read More »
By Stefano Rebaudo (Reuters) – The pound edged down against the euro and rose versus the U.S. dollar on Monday after European leaders agreed on Sunday to draw up a Ukraine peace plan to present to the United States. The single currency is expected to benefit the most from a peace deal in Ukraine, while …
Sterling dips vs euro, rises against dollar, Ukraine in focus Read More »
COPENHAGEN (Reuters) – Finland has voted against oil refiner and biofuel maker Neste’s remuneration report, the government, which owns a 44.2% stake in the company, said on Monday. “The government considers that the remuneration package of the company’s CEO has been structured in such a way that it cannot be considered reasonable as a whole,” …
Finland votes against Neste CEO’s salary package Read More »
