MILAN (Reuters) – The rationale for a merger between Italy’s Saipem and Norway’s Subsea 7 is to combine the fleets of the two energy services companies to service customers quicker and cut costs, the CEO of the Italian group said on Wednesday. The two companies announced on Sunday their intention to merge to create a …
Saipem says fleet expansion is driving Subsea 7 merger Read More »
By Ahmed Eljechtimi RABAT (Reuters) – Morocco’s state-owned rail operator ONCF said on Wednesday that it will buy 168 trains from France, Spain and South Korea for $2.9 billion as it seeks to expand its network ahead of the FIFA World Cup in 2030. France’s Alstom, Spain’s Construcciones y Auxiliar de Ferrocarriles (CAF) and South …
Morocco to buy 168 trains from France, Spain and South Korea for $2.9 billion Read More »
By Gleb Bryanski and Anastasia Lyrchikova MOSCOW (Reuters) – President Vladimir Putin has offered the U.S. the opportunity under a future economic deal to jointly explore Russia’s rare earth metal deposits that he says are greater than those of Ukraine. Putin’s offer followed negotiations between the U.S. and Ukraine over a draft minerals deal that …
Factbox-What are Russia’s rare earth metals ambitions? Read More »
By Javi West Larrañaga (Reuters) – Spanish pharmaceutical company Almirall expects to almost double its annual revenue by 2030, boosted by higher sales of its dermatological products in Europe, CEO Carlos Gallardo said on Wednesday. He told Reuters that investments made over the past two years should imminently start to bear fruit, expecting its new …
Spain’s Almirall expects to double revenue by 2030, CEO says Read More »
By Catarina Demony LONDON (Reuters) – Britain will investigate companies involved in the refurbishment of London’s Grenfell Tower with flammable cladding, which have been partly blamed for the devastating 2017 blaze, the government said on Wednesday. Britain’s deadliest residential fire since World War Two ripped through a 23-storey block on June 14, 2017, killing 72 …
Britain to investigate firms named in Grenfell Tower fire inquiry Read More »
By Elena Fabrichnaya and Alexander Marrow MOSCOW (Reuters) – Russian banker Igor Kim has acquired Volkswagen Bank Rus, the German automaker’s former finance arm in Russia, federal tax documents showed, adding to the businessman’s growing portfolio that includes British bank HSBC’s former Russian subsidiary. Over a thousand Western companies have exited Russia since it sent …
Russian banker Kim boosts car leasing, finance portfolio with VW bank buy Read More »
MILAN (Reuters) – Italian police have seized 46.8 million euros ($49.1 million) from a local unit of logistics giant Deutsche Post DHL as part of the latest investigation into alleged tax fraud linked to illicit labour supply, prosecutors’ documents showed. In a 50-page decree reviewed by Reuters on Wednesday, Milan prosecutors accused DHL Express Italy …
Italy seizes $49 million from DHL unit in labour supply probe Read More »
BRUSSELS (Reuters) – The European Commission on Wednesday proposed sweeping changes to EU green rules, scrapping sustainability reporting requirements for thousands of companies and delaying its due diligence policy by a year. Under the proposals, only companies with over 1,000 employees would be obliged to report on their environmental and human rights impact. The rules …
EU proposes cutting back sustainability laws for companies Read More »
By Giuseppe Fonte, Valentina Za and Elvira Pollina ROME (Reuters) -Italy is reluctant to explore a potential tie-up with Worldline among options it is weighing to revive the fortunes of payments champion Nexi, three sources said, as Rome expects France would oppose the job cuts that would be needed to make a deal work. Rome, …
Italy may look into taking Nexi private amid resistance to Worldline tie-up Read More »
AMSTERDAM (Reuters) – Economic growth in the Netherlands will be stronger than previously expected this year, as wage growth offsets persistently high inflation, economic policy adviser CPB said on Wednesday. The euro zone’s fifth largest economy is set to grow 1.9% this year and 1.5% in 2026, the CPB said. Its previous outlook in September …
Dutch economic growth stronger than expected in 2025, CPB says Read More »
