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Eni eyes new oil and gas spin-offs in energy transition satellite strategy

By Francesca Landini and Ron Bousso MILAN (Reuters) – Italian energy group Eni could spin off stakes in high-potential oil and gas projects, including in Indonesia and Ivory Coast, to help finance their development while focusing more capital on low-carbon activities, company sources said. Such deals would expand veteran CEO Claudio Descalzi’s strategy to split …

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K+S confirms 2024 forecast as potash prices stabilise

By Tristan Veyet and Matteo Allievi (Reuters) – German potash and salt miner K+S confirmed its quarterly core profit beat and 2024 guidance on Monday, as it benefits from a strong performances in its European speciality and industry businesses. Prices of potash, used for fertilisers in the agricultural industry, have started to recover and stabilise …

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Amazon to invest $1.3 billion in France, create 3,000 jobs

By Supantha Mukherjee STOCKHOLM (Reuters) – Amazon said on Monday it would invest more than 1.2 billion euros ($1.3 billion) in its French operations and create more than 3,000 permanent jobs in the country. The French presidency had said on Sunday that Amazon and other companies, including GSK and Accenture, would announce investments worth billions …

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UK’s Rightmove cuts 2024 revenue per advertiser forecast on tough market conditions

(This May 10 story has been corrected to say ‘revenue per advertiser’ forecast, not ‘ad revenue’ forecast, in the headline) By Yamini Kalia and Prerna Bedi (Reuters) – Rightmove cut its annual average advertising revenue forecast as still high mortgage rates weighed on residential sales while the lettings market remains tight, sending shares in the …

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Vatican Museums staff start unprecedented legal action over labour conditions

VATICAN CITY (Reuters) – Forty-nine Vatican Museums employees have started an unprecedented labour dispute over what they say are unfair and poor conditions at their workplace, which could lead to an embarrassing lawsuit against Pope Francis’ administration. The workers, mostly museum attendants, have sent a petition to the Vatican’s “Governatorato”, the body that administers the …

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France secures jobs, investments from Amazon, Pfizer and Morgan Stanley

By Sudip Kar-Gupta and Elizabeth Pineau PARIS (Reuters) -France secured on Sunday new jobs and investments with Internet giant Amazon, healthcare company Pfizer and Wall Street bank Morgan Stanley, as the country prepared to host a key foreign investment summit. President Emmanuel Macron kicks off the annual ‘Choose France’ event, aimed at winning big business …

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Lufthansa boss vents frustration about Boeing problems

ZURICH (Reuters) – Aircraft delivery delays from Boeing are “extremely annoying” and cost Lufthansa lots of money, but the U.S. planemaker should be able to resolve its problems, the German airline’s CEO said in a newspaper interview. Lufthansa CEO Carsten Spohr was direct when asked by Switzerland’s Neue Zuercher Zeitung how badly recent setbacks at …

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French presidency: Amazon to announce new 1.2 billion euros investment in France

PARIS (Reuters) – U.S. internet giant Amazon will announce a new 1.2 billion euros ($1.3 billion) investment in France, the French presidency said on Sunday ahead of the start of the country’s annual “Choose France” event. It added that GSK would also announce new investments while Accenture would announce plans to set up new jobs …

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