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By Karen Freifeld (Reuters) -The Biden administration on Thursday eased export restrictions on U.S. commercial space companies to ship certain satellite and spacecraft-related items to allies and partners. The changes are intended to make it easier for the growing U.S. commercial space industry to expand sales while also protecting national security and foreign policy interests. …

Biden administration eases restrictions on space-related exports to allies Read More »

(Reuters) -AI infrastructure firm Nebius Group said on Thursday its shares will resume Nasdaq trading on Monday after being halted following Russia’s February 2022 invasion of Ukraine. At that time, the stock traded under the ticker of Russian internet giant Yandex through its Amsterdam-based parent company. In July, a Russian consortium finalized a $5.4 billion …

Nebius set to resume Nasdaq trading after completing split from Russia’s Yandex Read More »

By Julien Pretot and Mimosa Spencer PARIS (Reuters) – French billionaire and LVMH chairman Bernard Arnault has teamed up with energy drinks company Red Bull to buy a controlling stake in French second-tier soccer club Paris FC, the Arnault family office said on Thursday. Agache, the Arnault family’s holding company, and Red Bull have entered …

Soccer-LVMH’s Arnault, Red Bull in talks to buy French club Paris FC Read More »

PARIS (Reuters) -French drugmaker Sanofi said on Thursday it was “surprised” by a renewed, higher offer for its consumer arm Opella from private equity firm PAI Partners, saying the move came after the bidding deadline for the business had passed. PAI is seeking to outbid U.S. rival Clayton Dubilier & Rice (CD&R) for a controlling …

Sanofi ‘surprised’ by PAI Partners’ raised bid for Opella unit Read More »

By Vallari Srivastava (Reuters) -PPG Industries will lay off 1,800 employees in the U.S. and Europe and close plants as part of a cost-reduction program, the paints and coatings maker said on Thursday. The program focused on reducing structural costs in Europe and in certain other global businesses, along with other corporate expenses following recent …

PPG to lay off 1,800 employees in cost-cut drive, sell coatings unit Read More »

MILAN (Reuters) – Revenues at Brunello Cucinelli rose 12.7% at constant exchange rates in the first nine months of the year, driven by double digit growth in the Americas and in Asia, the Italian luxury group said on Thursday. As global demand for luxury goods slows, the Italian group keeps growing, helped by its focus …

Cucinelli bucks gloomy industry trend with revenue rise Read More »

By Alban Kacher and Pauline Foret (Reuters) -Franco-Italian eyewear maker EssilorLuxottica missed third quarter revenue expectations on Thursday, dented by a slowdown in consumer spending in China. Group revenue for the three months ended Sept. 30 came in at 6.44 billion euros ($6.97 billion), below analysts’ forecasts of 6.58 billion euros, according to a Visible …

Ray-Ban maker EssilorLuxottica misses sales expectations as China slows Read More »

LONDON (Reuters) – The London Metal Exchange (LME) has taken disciplinary action regarding the risk management systems of ABN AMRO Clearing Bank NV, which has agreed to pay a fine of 230,000 pounds ($299,200), the exchange said on Thursday. The exchange, the world’s oldest and largest market for industrial metals, said a settlement was reached …

LME fines ABN AMRO $300,000 in disciplinary action Read More »