ROME (Reuters) – Italian Prime Minister Giorgia Meloni met Joel Kaplan, the chief global affairs officer of U.S. tech giant Meta, to discuss possible new investments in Italy, Meloni’s office said on Thursday. Meloni and Kaplan talked about artificial intelligence and other aspects of the technological transition, the statement from Meloni’s office said. (Reporting By …
Italy’s PM Meloni meets Meta exec to discuss investments Read More »
By Savyata Mishra (Reuters) – Norwegian Cruise Line Holdings beat fourth-quarter profit expectations on Thursday, driven by steady demand from leisure travelers and higher ticket fares. U.S. cruise operators, including Norwegian Cruise, Carnival Corp , and Royal Caribbean, have experienced a surge in demand for sea-based vacations since the pandemic, leading to an increase in …
Norwegian Cruise Line beats profit estimates on higher ticket prices, robust demand Read More »
(Reuters) – Shenzhen-based property developer Logan Group said on Thursday it has received the backing for its restructuring proposal from more than 80.8% of its creditors, who together hold $6.21 billion of outstanding offshore debt. After having defaulted, the Hong Kong-listed real estate company offered to restructure majority of its $8.01 billion offshore debt in …
Logan Group secures backing from over 80% of creditors for $8 billion debt revamp Read More »
By Paul Sandle LONDON (Reuters) – Ad group WPP expects its revenue and profit to be flat at best this year because of a weak Chinese market and uncertainty in the United States, it said on Thursday, as its shares hit a four-year low following disappointing results. For 2024, WPP reported a 1.0% fall in …
Shares in ad group WPP plunge on China weakness and US uncertainty Read More »
By Sergio Goncalves LISBON (Reuters) – Portugal’s largest utility EDP on Thursday maintained its EBITDA and net profit guidance for 2026 despite cutting its investment plan and reporting a drop in profit for last year. EDP said earlier on Thursday it planned to slow the pace of capacity expansion, “to focus on maximising returns”, by …
Portugal’s EDP maintains 2026 guidance despite cutting investment plans Read More »
By Foo Yun Chee BRUSSELS (Reuters) – Apple is facing a likely antitrust fine as the French regulator prepares to rule next month on the company’s privacy control tool, two people with direct knowledge of the matter said. Called App Tracking Transparency (ATT), the feature allows iPhone users to decide which apps can track user …
Apple faces likely French antitrust fine for privacy tool, sources say Read More »
(Reuters) – British sportswear and fashion group Frasers on Thursday announced a 10-year partnership with Dubai-based GMG to introduce Frasers’ flagship brand Sports Direct across the Gulf region and Egypt. The partnership will target 50 new Sports Direct store openings over the next five years, Frasers, majority owned by Mike Ashley, said. Sports Direct retails …
Britain’s Frasers targets Gulf and Egypt expansion with GMG Read More »
FRANKFURT (Reuters) – Euro zone inflation was heading back to target but there were still some worries about it, warranting caution in signalling further policy easing, the European Central Bank concluded last month, according to the accounts of its January 29-30 meeting. The ECB cut rates in January for the fifth time since June and …
PARIS (Reuters) – Europe’s ailing steel sector needs to be better protected from cheap imports as current measures are insufficient, French industry minister Marc Ferracci said on Thursday. European steel producers are struggling to cope with depressed demand and an influx of cheap imports from Asia where vast Chinese overcapacity has flooded the markets, leading …
EU steel industry needs more protection, says French industry minister Read More »
By Giulio Piovaccari MILAN (Reuters) -Italy’s Agnelli family cut its controlling stake in Ferrari by around 4%, raising about 3 billion euros ($3.14 billion) to fund potential new M&A deals, its holding company Exor said on Thursday. The sale will help Exor reduce concentration in its investment portfolio and provide ammunition for “a sizeable new …
Agnellis cut Ferrari stake to raise 3 billion euros for new deals Read More »
