MILAN (Reuters) – Italian state broadcaster RAI is taking early steps towards a potential merger between its Milan-listed tower unit RaiWay and rival EI Towers, two sources close to the matter told Reuters. A tie-up between RaiWay and EI Towers, which is owned by Italian infrastructure fund F2i and Italy’s top commercial broadcaster MFE has …
Italy state broadcaster RAI moves towards tower tie-up, sources say Read More »
LONDON (Reuters) – British Prime Minister Keir Starmer will meet Apple chief executive Tim Cook on Wednesday afternoon to discuss the company’s ongoing investment in the country, the prime minister’s spokesperson said. Starmer and Cook are expected to discuss Apple’s investment in Britain, where the company has pumped in 18 billion pounds ($23 billion) over …
UK PM Starmer to meet Apple CEO to discuss investment Read More »
COPENHAGEN (Reuters) -Denmark’s Vestas said on Wednesday it will restructure its factory on Britain’s Isle of Wight to manufacture blades for onshore rather than for offshore wind power, and that it would cut the number of jobs. Through an agreement with the British government to transition to new activities, Vestas will sustain around 300 jobs …
Vestas to cut 300 jobs at British wind turbine plant Read More »
By Joanna Plucinska, Andrey Sychev and Bernadette Hogg (Reuters) -Europe’s largest tour operator TUI on Wednesday reported higher profit in the 2024 financial year and projected further growth next year, albeit at a significantly slower pace than in 2024, initially sending shares lower in early trading. While TUI’s earnings before interest and tax (EBIT) in …
TUI growth in 2025 set to slow on one-off costs even as 2024 profit jumps 33% Read More »
MILAN (Reuters) – EasyJet is set to boost its presence at Milan Linate and Rome Fiumicino airports, benefiting from a package of remedies the European Union required to approve a tie-up between Lufthansa and ITA Airways. Starting from March, easyJet will base five additional planes at Linate and three at Fiumicino, taking its country total …
EasyJet to boost presence at Italy’s airports following ITA-Lufthansa deal Read More »
PARIS (Reuters) – Battery maker Automotive Cells Company (ACC) is set to sign a new loan to finance the second production block of its gigafactory in northern France, a company spokesman said, as it ramps up output despite Europe’s sluggish electric vehicle market. The loan, guaranteed by ACC’s two main shareholders, car makers Stellantis and …
Stellantis-backed ACC to expand French gigafactory Read More »
FRANKFURT (Reuters) – A number of recently announced staff reduction schemes at Bosch, the world’s top auto supplier, have put around 8,000-10,000 jobs at risk in Germany, the company’s deputy supervisory board chairman said on Wednesday. Frank Sell, who also heads the works council of Bosch’s key Mobility Solutions division, said the overall plans created …
Up to 10,000 Bosch jobs at risk in Germany, deputy chairman says Read More »
(Reuters) – The European Automobile Manufacturers Association (ACEA) appointed Mercedes Chairman Ola Källenius as its new president, the industry lobbying group said on Wednesday. The ACEA said it also approved the return on Jan. 1 of Stellantis, which had left the organisation at the beginning of 2023. “Welcoming Stellantis back to ACEA is a signal …
ACEA auto makers body picks Mercedes’ Ola Källenius as president Read More »
By Kate Abnett BRUSSELS (Reuters) – Austria, the Czech Republic and Slovakia have urged Germany to legislate this month to waive a costly gas levy for neighbouring countries, as the collapse of Berlin’s coalition government risks delaying the law, a document seen by Reuters showed. After complaints from central European countries, Germany agreed in May …
Germany’s neighbours demand year-end halt to gas levy Read More »
By Sarah Young LONDON (Reuters) – Hundreds of tractors blocked streets in central London on Wednesday, the latest protest by farmers against the government after it ended an exemption from inheritance tax for agricultural families. The measure, dubbed the “tractor tax” by critics, was introduced by the government to boost funds to pay for strained …
Tractors block central London streets as farmers protest at tax change Read More »
