ROME (Reuters) – Italy approved a set of measures on Friday worth roughly 3 billion euros ($3.12 billion) to help families and business cope with energy costs, Economy Minister Giancarlo Giorgetti said on Friday. Italy’s government introduced tax cuts in its 2025 budget to increase the purchasing power of low and middle-income earners as it …
Italy approves $3 billion package to help with energy costs Read More »
By Pietro Lombardi MADRID (Reuters) -Spanish power company Acciona Energia expects little impact from U.S. President Donald Trump’s energy and trade policies, its top management said on Friday, while outlining plans for potential asset sales worth up to 4.5 billion euros ($4.68 billion). Like other European green energy companies, Acciona Energia has had to navigate …
Acciona Energia reassures investors on U.S. exposure, asset sales Read More »
(This Feb. 24 story has been corrected to say 160 million euros, not $160 million, in paragraph 1) (Reuters) – Saudi Arabia’s new advanced industries firm Alat has bought a 15% stake in Germany’s TK Elevator and unveiled a 160 million euros ($166.62 million) joint venture for elevators and escalator solutions, the companies said on …
Saudi tech firm Alat buys 15% stake in Germany’s TK Elevator (February 24) Read More »
By Giuseppe Fonte ROME (Reuters) – Italian Economy Minister Giancarlo Giorgetti said on Friday that European Union countries would have to respond individually to any trade tariffs imposed by the United States, rather than rely solely on a common EU response. Speaking at a news conference, Giorgetti added that Italy may consider further changes to …
Italy says countries will have to respond individually to US tariffs Read More »
MILAN (Reuters) – An Italian court on Friday announced the early end of a special administration regime placed on an Italian subsidiary of French luxury giant LVMH over allegations of labour exploitation in the manufacturing of Dior-branded handbags. Manufactures Dior SRL, fully owned by Christian Dior Italia SRL, had been ordered into court administration in …
Italy court lifts controls on LVMH’s Dior Italian unit over labour practices Read More »
By Anastasia Lyrchikova and Alexander Marrow MOSCOW (Reuters) – Russian steelmaker Severstal on Friday slammed a decision by a regional governor to ban migrant workers in the construction industry and said the move could cause serious harm to industrial projects. The company reacted swiftly and sharply to the ban, announced in a decree on Thursday …
Russia’s Severstal warns of construction risks as region bans migrant labour Read More »
(Reuters) – French supermarket group Casino on Friday reported a net loss of 295 million euros ($306.8 million) for 2024 after a year marked by restructuring, store disposals and job cuts, sending shares down more than 12%. The owner of the Monoprix, Franprix and Naturalia brands, which fell out of France’s SBF120 index for a …
Casino shares slide more than 12% after group reports 2024 loss, store closures Read More »
By Yadarisa Shabong and Joanna Plucinska (Reuters) – British Airways owner IAG reported a 27% jump in annual operating profit on Friday, beating market expectations as it curbed costs and growth in its lucrative transatlantic routes took off. Its shares jumped 5% to hover close to a five-year high of 368 pence it hit in …
British Airways owner IAG profit beats estimates, plans share buyback Read More »
FRANKFURT (Reuters) -Siemens Energy said on Friday it has entered a partnership that is expected to make the German group the exclusive supplier of conventional technology for future small modular nuclear reactors (SMR) to be built by Rolls-Royce SMR. Under the agreement, to be finalised by end-2025, Siemens Energy would supply steam turbines, generators and …
Siemens Energy to supply Rolls-Royce with equipment for small nuclear reactors Read More »
COPENHAGEN (Reuters) – Norwegian defence firm Nammo has won a tender to produce grenades and ammunition at a plant in north-west Denmark, Danish Defence Minister Troels Lund Poulsen said on Friday, as the Nordic country seeks to ramp up its defence capabilities. Denmark in October 2023 said it had agreed to buy the mothballed arms …
Norway’s Nammo wins tender to produce ammunition in Denmark Read More »
