By Divya Chowdhury and Victoria Waldersee DAVOS, Switzerland (Reuters) -Volkswagen needs to increase investments in the U.S. to hit its market share targets, and cut costs in Europe to achieve profitable growth, its CFO Arno Antlitz said on the sidelines of the World Economic Forum in Davos on Thursday. The carmaker now aimed to “double” …
Volkswagen to make additional investments in US, CFO says in Davos Read More »
(Reuters) -British regulators are setting up an independent company that will advance variable recurring payments, allowing third-party financial service providers to access banking information and initiate payments on behalf of consumers or businesses. This move is part of a broader plan for 2025, which includes the launch of live services for consumers to make recurring …
UK to launch independent firm to boost variable recurring payments Read More »
ROME (Reuters) – A possible deal between Italy and Elon Musk’s Starlink for secure satellite communications would not pose a security risk, the head of national space agency ASI said on Thursday. Rome is considering using Musk’s telecommunications systems to provide encrypted communications between the government, embassies and defence officials operating in high-risk geographical areas. …
Italian deal with Starlink would not be security risk, space agency says Read More »
(Reuters) – Euro zone consumer confidence rose by 0.3 points in January from the December number, figures released on Thursday showed. The European Commission said a flash estimate showed euro zone consumer morale improved to -14.2 this month from -14.5 in December. Economists polled by Reuters had expected a rise to -14.2. In the European …
Euro zone consumer confidence rises to -14.2 in January Read More »
By Eric Onstad LONDON (Reuters) – The EU has chosen PriceWaterhouseCoopers and a Slovak software company to develop a 9 million euro ($9.4 million) joint purchasing platform for critical minerals and energy, according to a European Commission source and a document seen by Reuters. The platform will have three separate mechanisms for strategic raw materials, …
Exclusive-EU picks PwC consortium for minerals, energy platform, EU source says Read More »
(Reuters) – The arrest of Rene Benko on Thursday marks a new low for the Austrian property magnate following the collapse of his business empire, Signa Holding. Benko, 47, who has previously denied wrongdoing, became a self-made billionaire by building Signa from the ground up, borrowing heavily in an era of super-low interest rates that …
Factbox-Billionaire to bust: Austrian property tycoon Benko suffers new low with arrest Read More »
By Oliver Hirt and Ariane Luthi ZURICH (Reuters) – Swiss firm SGS’s potential $30 billion merger with French rival Bureau Veritas may become snaggled by tit-for-tat measures imposed years ago during a Swiss-EU stock market row. SGS last week said it was in talks to combine with French rival Bureau Veritas in what could be …
Swiss stock exchange protections complicate SGS-Veritas deal Read More »
MUNICH (Reuters) – Adidas CEO Bjoern Gulden plans to cut up to 500 jobs at the German sport retailer’s headquarters in Herzogenaurach, a source who took part in a meeting where the figure was announced told Reuters on Thursday. The world’s second-largest sportswear maker employs around 5,800 people in the Bavarian town. Germany’s Manager Magazin …
Adidas to axe up to 500 jobs at headquarters, source says Read More »
(Reuters) – German steelmaker Salzgitter said on Thursday that it was examining a non-binding takeover offer by GP Günter Papenburg and TSR Recycling, two of its shareholders, worth around 18.50 euros ($19.25) per share. The company said it was engaging in discussions with the two shareholders. In November, Salzgitter said GP Günter Papenburg was considering …
Salzgitter mulls takeover offer by two of its shareholders Read More »
GDANSK (Reuters) – Poland’s largest power producer PGE has struck a preliminary agreement to potentially buy gas-fired power plant project PAK CCGT from power plant operator ZE PAK, PGE said on Thursday. The preliminary deal also outlined plans for PGE to buy ZE PAK’s 50% stake in their PGE PAK Energia Jadrowa joint venture, which …
Poland’s PGE in preliminary agreement to buy assets from ZE PAK Read More »
