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(Reuters) – Volkswagen AG expects inflation to ease later this year but warned there would be no significant improvement in the global semiconductor shortage, Chief Financial Officer Arno Antlitz told the Wall Street Journal in an interview. The German carmaker was well-hedged against inflation, Antlitz told the Journal https://www.wsj.com/articles/vw-finance-chief-expects-inflation-to-ease-and-chip-shortage-to-drag-on-11641843428?mod=latest_headlines on Monday, adding that the company …

Volkswagen CFO expects inflation to ease and chip shortage to drag on – WSJ Read More »

ROME (Reuters) – European Union member states could agree on joint gas proRCOM EURcurement in a move aimed at safeguarding the bloc’s economy from soaring prices, Italian Prime Minister Mario Draghi said on Monday. European gas prices surged to record highs last year amid tight supplies and high demand from global economies recovering from the …

Italy’s Draghi says EU countries could agree on joint gas procurement Read More »

PARIS (Reuters) – The French government plans to announce by the end of the week additional measures to help offset a surge in energy prices, French Finance Minister Bruno Le Maire said on Monday. Le Maire made the comments at a press conference held after a meeting with the European Union commission’s vice president, Valdis …

France to announce extra measures to offset energy prices by end of week – Le Maire Read More »

MILAN (Reuters) – The Italian banking fund that owns Carige has selected BPER Banca to discuss the sale of the ailing lender it rescued in 2019, two people familiar with the matter said confirming a report by ANSA news agency. (Reporting by Andrea Mandala and Valentina Za; editing by Cristina Carlevaro)

By Huw Jones LONDON (Reuters) – KPMG admitted to misconduct on Monday in misleading regulators during spot checks of its audits of builder Carillion and software company Regenersis. The admission came as a tribunal began hearing allegations from the UK Financial Reporting Council, which regulates auditing, against KPMG and six of its former employees who …

KPMG admits to misconduct in spot checks on Carillion, Regenersis audits Read More »