LONDON (Reuters) – Britain’s motor finance industry might be able to dodge what was expected to be one of the country’s costliest consumer banking scandals because of a political focus on deregulation and growth, a specialist motor and property lender said on Tuesday. Ratings agency Moody’s said last November that the total industry costs for …
MILAN (Reuters) – The Del Vecchio family’s holding, Delfin, has not yet made a decision on a possible sale of its 2.7% stake in UniCredit and has “full confidence” in the leadership of the Italian bank’s CEO Andrea Orcel, a Delfin source said on Tuesday. The news was first reported by Italian news agency Ansa. …
No decision on stake sale in Unicredit, Delfin source says Read More »
By Yamini Kalia and Yadarisa Shabong (Reuters) -British bookmaker Entain on Tuesday announced the sudden departure of CEO Gavin Isaacs after just five months in the role, sending shares 12% lower. The company, which owns Ladbrokes and Coral, did not give a reason for Isaacs’ departure, saying merely it was by “mutual agreement”. It named …
Ladbrokes owner Entain shares tumble after CEO abruptly steps down Read More »
By Philip Blenkinsop BRUSSELS (Reuters) -European Commission President Ursula von der Leyen on Tuesday vowed “firm and proportionate countermeasures” in response to U.S. President Donald Trump’s decision to impose tariffs on all steel and aluminium imports, escalating fears of a trade war. Trump signed proclamations late on Monday to raise tariffs on all steel and …
EU says Trump tariffs will trigger firm countermeasures Read More »
By Jonathan Stempel NEW YORK (Reuters) – A Manhattan federal jury awarded Denmark’s tax authority $500 million on Monday, in the first U.S. civil trial concerning the country’s effort to recoup $2.1 billion of tax refunds it claims were obtained through fraud, the authority’s lawyers said. Jurors sided with SKAT, the Danish equivalent of the …
US jury awards $500 million to Danish tax authority in fraud case Read More »
By Stefania Spezzati LONDON (Reuters) – Italy’s UniCredit on Tuesday reported a rise in revenues last year from its Russia business but said it had reduced loans and deposits in the country and was compliant with the European Central Bank’s demands to scale back. The bank said in a presentation to investors alongside its fourth-quarter …
UniCredit says it is complying with ECB order after Russian revenue rise Read More »
By Sybille de La Hamaide PARIS (Reuters) -French wine and spirits exports fell for a second consecutive year in 2024, hit by weaker demand for premium vintages as the industry grapples with lower prices, a softer Chinese market and threats of U.S. tariffs, industry group FEVS said on Tuesday. Exports of French wines and spirits …
French alcohol exports weakened in 2024 as China weighed Read More »
MILAN (Reuters) – MFE-MediaForEurope, the TV group controlled by Italy’s Berlusconi family, is expected to drop out of the race for Polish broadcaster TVN, two sources close to the matter told Reuters. One of the people said the Milan-listed company would likely focus on other potential M&A targets as Polish bidders are seen in pole …
Berlusconi TV group expected to quit race for Polish broadcaster TVN, sources say Read More »
LONDON (Reuters) -UniCredit on Tuesday won a bid in a London court to overturn an injunction the Italian bank obtained against a subsidiary of Russian energy giant Gazprom, in the face of a potential 250 million euro fine in Russia. The highly unusual move underlines the issues UniCredit has faced over its operations in Russia, …
UniCredit gets court to overturn its own UK injunction against Gazprom unit Read More »
PARIS (Reuters) – European Commission President Ursula von der Leyen delivered a speech on the European Union’s AI aims at the Paris AI Summit on Tuesday. Below are some key quotes from her speech: “This summit is on action, and that is exactly what we need right now. The time has come for us to …
Quotes from EU chief von der Leyen’s AI speech at Paris summit Read More »
