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(Reuters) -Boeing is exploring asset sales in a bid to boost its fragile finances by shedding its non-core or underperforming units, the Wall Street Journal reported on Sunday. The planemaker last week reached an agreement to offload a small defense unit that makes surveillance equipment for the U.S. military, the paper reported, citing people familiar …

Boeing exploring asset sales to boost finances, WSJ reports Read More »

MILAN (Reuters) -Germany’s finance ministry on Sunday denied that the country was considering introducing a law to protect domestic banks from cross-border takeovers as Italy’s UniCredit seeks a merger with Germany’s Commerzbank. Italian newspaper La Repubblica on Sunday cited a source close to the matter that the German government was considering a law preventing foreign …

Germany denies report it is mulling law to protect banks from foreign takeovers Read More »

By Supantha Mukherjee STOCKHOLM (Reuters) – Eutelsat, the world’s third-biggest satellite operator by revenue, launched 20 satellites for its communications network on Sunday, using Elon Musk’s SpaceX in its first move since the merger of two European companies last year. A SpaceX Falcon 9 rocket took off with Eutelsat satellites from California’s Vandenberg Space Force …

Eutelsat uses SpaceX rocket to launch first satellites after merger Read More »

By Gavin Jones ROME (Reuters) -Global credit ratings agency Fitch on Friday revised its outlook on Italy to ‘positive’ from ‘stable’, citing recent improvements in the fiscal performance of the euro zone’s third largest economy and its commitment to EU budget regulations. The upgrade to the outlook is a boost to Prime Minister Giorgia Meloni’s …

Fitch revises Italy’s outlook to ‘positive’ on stronger fiscal performance Read More »

By Ananya Mariam Rajesh and Jessica DiNapoli (Reuters) -Tide maker Procter & Gamble reported a surprise drop in quarterly sales for the second time in a row, as consumers in the United States, its biggest market, bought fewer name brand products and Chinese shoppers shunned them. P&G’s CFO Andre Schulten sought to reassure investors, saying …

P&G posts surprise sales drop on slowing demand for face lotions, diapers Read More »

By Alexander Marrow (Reuters) -AI infrastructure firm Nebius Group expects to make annual recurring revenue of $500 million to $1 billion in 2025, the company said on Friday before trading of its shares resumes on Nasdaq on Monday after a lengthy suspension. Trading was suspended soon after Russia’s February 2022 invasion of Ukraine, when the …

AI cloud firm Nebius predicts sharp growth as Nasdaq return nears Read More »

(Reuters) -Philip Morris, British American Tobacco, and Japan Tobacco will pay C$32.5 billion ($23.6 billion) to settle a long-running tobacco lawsuit in Canada, as part of a court-appointed mediator’s proposed plan, Philip Morris said on Friday. If approved, the plan would be the largest settlement of its kind outside the United States, said Jacob Shelley, …

Big Tobacco nears $24 billion settlement to end Canada lawsuits Read More »

(Reuters) – British finance minister Rachel Reeves is expected to announce the end of a temporary five pence cut in fuel duty from next year in her budget this month, the Financial Times reported on Friday, citing people briefed on the chancellor’s views. Reeves has also been urged by the Treasury department to end a …

UK’s Reeves expected to scrap 5 pence fuel duty cut next year, FT reports Read More »

By David Shepardson WASHINGTON (Reuters) -The Federal Aviation Administration said on Friday it will open a new safety review into Boeing as the agency continues aggressive oversight of the U.S. planemaker after an in-flight emergency in January. The new review will probe issues like risk-assessment quality, resource allocation, and adherence to regulatory requirements, and is …

US FAA opens new oversight review into Boeing safety practices Read More »