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(Reuters) -French-Italian computer chip maker STMicroelectronics is considering cuts of up to 6% of its workforce or 3,000 workers in its French and Italian plants as part of a restructuring programme, Bloomberg News reported on Friday, citing anonymous sources. A spokesperson for ST could not confirm the figures, but pointed to remarks CEO Jean-Marc Chery …

STMicroelectronics may cut 2,000-3,000 jobs in France, Italy – Bloomberg News Read More »

By Marie Mannes STOCKHOLM (Reuters) – Truckmaker Scania has stepped in to help Northvolt with the day-to-day running of its flagship plant in northern Sweden, a last-ditch effort to boost quality and output at the struggling electric vehicle battery maker as it scrambles to secure funds. Since November, Scania has sent members of staff to …

Exclusive-Scania tries to breathe life into troubled EV battery maker Northvolt Read More »

By Stine Jacobsen and Isabelle Yr Carlsson COPENHAGEN (Reuters) – Orsted Chief Executive Mads Nipper will step down to be replaced by company insider Rasmus Errboe, the world’s biggest offshore wind developer said on Friday, as it seeks to arrest an 83% slump in its share price since its 2021 peak. The Danish renewables firm …

Orsted replaces CEO as offshore wind industry struggles Read More »

MOSCOW (Reuters) – President Vladimir Putin has authorised Armenian investment fund Balchug Capital’s purchase of Goldman Sachs’ unit in Russia, a government decree published on Friday showed, potentially paving the way for the U.S. bank to fully withdraw from Russia. Moscow has steadily tightened restrictions on foreign asset sales since the start of the conflict …

Putin approves sale of Goldman Sachs’ Russian unit to Armenian fund Read More »

(Reuters) – Insurance brokerage firm Aon reported a higher fourth-quarter profit on Friday, helped by robust performance in its commercial risk solutions business. WHY IT’S IMPORTANT Strong demand trends across the sector have boosted income for insurance brokers such as Aon, who pocket commissions based on insurance premiums. Insurance spending has remained steady even amid …

Aon’s quarterly profit rises on commercial risk solutions unit strength Read More »

By Maria Martinez BERLIN (Reuters) -Germany’s annual inflation rate held steady in January but core inflation eased markedly, keeping intact expectations of further interest rate cuts from the European Central Bank. German inflation remained at 2.8% this month, in line with forecasts, preliminary data showed on Friday, Core inflation, which excludes volatile food and energy …

German inflation holds steady at 2.8% in January Read More »

By Kate Abnett BRUSSELS (Reuters) -The gas price cap introduced by the European Union during its 2022 Russian gas crisis will expire on Friday, having not been triggered since its inception. The cap would have applied if gas prices surged to unusually high levels, responding to months of soaring energy prices caused by Russia cutting …

EU removes energy crisis gas price cap Read More »

By Dominique Vidalon and Michel Rose PARIS (Reuters) -A panel of French lawmakers on Friday agreed on the final text of a much-delayed 2025 budget proposal, paving the way for the lower house passage of a bill that is key to restoring investor confidence and ensuring the government’s survival. The bill will now head to …

French PM Bayrou’s budget bill moves ahead as lawmakers strike deal on text Read More »