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PARIS (Reuters) – France’s National Assembly, the lower house of parliament, on Monday approved a special law designed to maintain core state functions and prevent any interruption of public services, three days after President Emmanuel Macron named Francois Bayrou as his fourth prime minister of 2024. The French constitution allows for a special law to …

French parliament approves bill to roll over budget, avoiding shutdown Read More »

FRANKFURT (Reuters) – The European Central Bank expects to cut interest rates further if inflation settles at its 2% target as it expects, some of the ECB’s top brass said on Monday. ECB President Christine Lagarde and the bank’s most influential policy hawk, Isabel Schnabel, cemented market bets on further gradual reductions in borrowing costs …

ECB expects more rate cuts as inflation fears abate Read More »

(Reuters) -CVC Capital Partners is considering purchasing Vivendi’s stake in Telecom Italia, a move that could pave the way for a potential takeover of the Italian telecommunications company, Bloomberg News reported on Monday. Private-equity group CVC has been holding preliminary talks with Vivendi about the stake purchase, the report said, citing people with knowledge of …

CVC weighs buying Vivendi’s Telecom Italia stake, Bloomberg News reports Read More »

By Marie Mannes STOCKHOLM (Reuters) -A Swedish investigation into the death of three employees of battery maker Northvolt has found no link to the company or to the factory at which they worked, a police spokesperson said on Monday. It had not been possible to establish the exact cause of death of the three, police …

Death of three Northvolt staff not linked to the company, police say Read More »

(Reuters) -Britain’s FTSE 100 index slipped on Monday, with Entain dropping after Australia’s financial crime watchdog initiated legal proceedings against it, while a survey showed British businesses cut staffing by the most since the COVID pandemic this month. The FTSE 100 was down 0.5%, with Entain taking the biggest hit, down 6.3%, after the Australian …

UK stocks start policy decision week lower; Entain falls Read More »

By Sruthi Shankar and Shashwat Chauhan (Reuters) – European shares closed lower on Monday, bogged down by heavyweight luxury and energy shares after disappointing China data, while French stocks underperformed after a surprise ratings downgrade by Moody’s. The pan-European STOXX 600 index closed 0.1% lower, trading near two-week lows, with autos the top sector decliner …

Luxury and energy sectors weaken European shares; French stocks fall 0.7% Read More »

MILAN (Reuters) -Private equity firm Carlyle has agreed to sell Italian firm Forgital, which manufactures forged components mainly for the aerospace sector, to U.S. alternative investment firm Stonepeak, the two companies said on Monday. The deal values the Italian company more than 1.5 billion euros ($1.6 billion) including debt, two sources close to the matter …

Stonepeak buys Italy’s component maker Forgital from Carlyle Read More »