(Reuters) -The family of billionaire Rodolphe Saade, owner of French shipping group CMA CGM, has bought a stake of around 4% in Carrefour to become its second-biggest shareholder, Europe’s largest food retailer said on Wednesday. The purchase heralds a new era among major Carrefour shareholders, as Peninsula, the family holding of the late Abilio Diniz, …
Saade family becomes Carrefour’s second-largest shareholder Read More »
By Valentina Za MILAN (Reuters) -UniCredit’s accord with Europe’s biggest fund manager Amundi to oversee assets of the bank’s clients can extend past its 2027 expiry only if the benefits are mutual, Chief Executive Andrea Orcel said on Wednesday. Amundi accounted for 80% of UniCredit’s assets under management in 2021 when Orcel joined the bank. …
UniCredit CEO says fund manager Amundi’s future role hinges on mutual benefits Read More »
LISBON (Reuters) -Portuguese telecoms operators plan to spend 4.2 billion euros ($4.9 billion) on high-speed 5G networks and satellites over the next five years to support major projects such as data centres and AI, the Infrastructure Ministry said on Wednesday. Operators will also expand the fibre optic network to cover areas still lacking mobile or …
Portuguese telcos plan to invest $4.9 billion in 5G, satellites over 5 years Read More »
ROME (Reuters) -Italy is working to adopt a tax on low-value postal packages from non-European countries, senior politicians said, as part of measures to protect its fashion industry from low-cost foreign imports mostly from China. The move targets online platforms such as Shein and Temu. “Our measures will be in force by the end of …
Italy plans levy on low-value parcels to protect fashion industry Read More »
DUBLIN (Reuters) -Ireland’s media regulator began an investigation into social media platform X on Wednesday over concerns it is not giving users a chance to appeal content moderation decisions and that its internal complaint-handling systems are not easy to access. The probe, the first opened by the regulator in its role supervising the compliance of …
Irish media regulator opens investigation into Musk’s X Read More »
MOSCOW (Reuters) -Russian President Vladimir Putin on Wednesday gave the green light for Citibank to sell what remains of what was once one of the largest foreign-owned banks in Russia, which serviced the Russian operations of major U.S. firms. Local investment bank Renaissance Capital, part of a shrinking pool of Russian banks not under Western …
Putin gives green light for sale of Citibank’s Russian operations Read More »
(Reuters) -Oil major TotalEnergies has agreed a 15-year power purchase deal to supply Alphabet’s Google with 1.5 terawatt hours of renewable electricity from its Montpelier solar farm in Ohio, the French company said on Wednesday. The solar facility, which is nearing completion, is connected to the PJM grid, the largest in the United States, and …
TotalEnergies agrees renewable power deal with Google for Ohio data centres Read More »
By Johann M Cherian and Sukriti Gupta (Reuters) -European shares logged a second consecutive record close on Wednesday, boosted by financials as investors were relieved by a potential end to a historic U.S. government shutdown and weighed a series of corporate updates. The pan-European STOXX 600 index ended up 0.7% at 584.23 points. France’s CAC …
European stocks log record close, boosted by financials, US shutdown relief Read More »
(Reuters) -London’s FTSE 100 logged a third consecutive record close, supported by gains in utilities and mining shares as investors welcomed signs of a potential end to the prolonged U.S. government shutdown. The blue-chip index closed 0.1% higher, within striking distance of the 10,000 mark. The mid-cap index FTSE 250 was down 0.7%. Leading Wednesday’s …
UK’s FTSE 100 hits record close as US shutdown nears end Read More »
By Zaheer Kachwala and Marie Mannes (Reuters) -Swedish autonomous trucking company Einride said on Wednesday it has agreed to go public in the U.S. through a merger with blank-check firm Legato Merger Corp III in a deal valuing the company at $1.8 billion. The listing comes after a wave of electric-vehicle startups went public during …
Self-driving truck firm Einride to go public via SPAC deal at $1.8 billion valuation Read More »
