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French government: LVMH is pride of country but we understand Arnault’s anger

PARIS (Reuters) – Luxury goods giant LVMH is the pride of France, but the government nevertheless understands the anger expressed by LVMH boss Bernard Arnault regarding French taxes, said a government spokeswoman on Wednesday. Arnault said on Tuesday that the group was considering bulking production capacities in the United States, contrasting what he perceived as …

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France’s budget talks must not be taken hostage, says government spokeswoman

PARIS (Reuters) – French budget talks are moving ahead and must not be “taken hostage” by a dispute over remarks the prime minister made about immigration, government spokeswoman Sophie Primas said on Wednesday. The budget talks were on the verge of collapse on Wednesday, a day after Socialist party officials suspended their participation in protest …

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Czech central bank to consider holding bitcoin as reserve asset

(Reuters) -The Czech National Bank will consider holding billions of dollars worth of bitcoin in its reserves, Governor Ales Michl said on Wednesday, potentially the first shift into the cryptocurrency by a western central bank if it went ahead. Michl said the idea was still under analysis and no immediate decision was forthcoming. Central banks …

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Intel’s CEO search in focus as chipmaker set to post lower revenue

By Arsheeya Bajwa (Reuters) – Intel will face investor scrutiny on its CEO search when it reports quarterly results on Thursday, as the chipmaker stares at another big decline in revenue due to weak PC sales and its shrinking share in the datacenter market. The struggling company ousted CEO Pat Gelsinger last month and named …

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British retailer WH Smith’s shares surge on strong travel business growth

By Chandini Monnappa and Raechel Thankam Job (Reuters) – Retailer WH Smith, which is exploring a potential sale of its UK high street business, on Wednesday reported a 4% rise in group revenue for the 21-week period to Jan. 25, supported by strong growth in its travel division, sending its shares up 7%. WH Smith’s …

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French port group Haropa waits on tariffs after brisk 2024

PARIS (Reuters) – Trade tensions between Europe, the United States and China are creating an uncertain short-term outlook for France’s biggest port operator after brisk activity last year, the state-controlled company said. Haropa, which runs France’s biggest container port at Le Havre on the north coast along with river ports on the Seine at Rouen …

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UK’s Reeves seeks growth boost from improving EU and US relations

EYNSHAM, England (Reuters) – Britain will boost its economy by resetting its ties with the European Union and building on its special relationship with the United States, finance minister Rachel Reeves said on Wednesday. “That means building on our special relationship with the United States,” Reeves said in a speech outlining how she intends to …

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Computer parts maker Logitech rises 9% after Q3 beat, outlook upgrade

(Reuters) – Shares in Logitech jumped as much as 9.4% at 0835 GMT on Wednesday, a day after the Swiss-American computer keyboard and mouse-maker raised its full-year outlook and posted a third-quarter sales beat. The results underscore the company’s strong execution, driven by high demand across regions and product categories alongside a robust margin performance, …

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Exclusive-Peru plans bond sales to finance ballooning fiscal deficit, minister says

By Marco Aquino LIMA (Reuters) – Peru, the world’s no. 2 copper exporter, plans to issue up to three sovereign bonds this year to finance its ballooning fiscal deficit after economic growth edged above forecasts last year, Economy Minister José Arista told Reuters. Peru is one of South America’s most economically stable countries despite regular …

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Argentina deregulation tsar: Milei’s ‘chainsaw’ cuts to go deeper in 2025

By Lucinda Elliott BUENOS AIRES (Reuters) – Argentina’s deregulation tsar Federico Sturzenegger, after a year spearheading one of the world’s most aggressive attacks on the public sector and red tape, plans even deeper cuts this year, with sights set on industries from autos to medicines. Sturzenegger heads the Ministry of Deregulation and State Transformation, created …

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