BERLIN, Dec 18 (Reuters) – Volkswagen’s Chief Executive Oliver Blume pledged continued cost cutting at Europe’s largest carmaker on Thursday, as the company seeks to remain competitive amid industry-wide challenges. Speaking at the group’s two-day management meeting in Berlin, Blume identified leadership, focus and finances as three central priorities for the new year, a company …
MILAN, Dec 18 (Reuters) – Tyremaker Pirelli said on Thursday nearly all holders of its 500 million euro ($587 million) bond expiring this month have chosen to convert it into new shares in the company, diluting the stakes held by the group’s existing investors. Pirelli said in a statement that holders have opted to convert …
(Refiles to correct Gruz’s job title in paragraph 6) By Dominique Patton PARIS, Dec 18 (Reuters) – France’s state-owned utility EDF will cap the cost of building six new nuclear reactors at 72.8 billion euros ($85.29 billion), it said on Thursday, as it pledged to significantly improve both the cost efficiency and speed of their …
France’s EDF raises cost estimate for six reactors to 72.8 billion euros Read More »
By Leo Marchandon Dec 18 (Reuters) – Austria’s Supreme Court has ruled that Meta’s personalised advertising model is unlawful, the court said on Thursday, requiring the company to provide EU users full access to their personal data within 14 days of a request, in a decision that sets a legal precedent across the bloc. The …
By Emilio Parodi MILAN, Dec 18 (Reuters) – An Italian judge on Thursday dropped a case against Webuild CEO Pietro Salini and three other people over alleged misappropriation of public funds in a project to build a dam, two sources with direct knowledge of the matter told Reuters. Genoa judge Nicoletta Guerrero upheld the request …
Italian judge drops Genoa dam case against Webuild CEO Read More »
By Emilio Parodi MILAN, Dec 18 (Reuters) – An Italian judge on Thursday dropped a case against Webuild CEO Pietro Salini and three other people over alleged misappropriation of public funds in a project to build a dam, two sources with direct knowledge of the matter told Reuters. Genoa judge Nicoletta Guerrero upheld the request …
Italian judge drops Genoa dam case against Italian Webuild CEO Read More »
LONDON, Dec 18 (Reuters) – European Central Bank President Christine Lagarde said on Thursday she was “fully confident” European Union leaders would agree a way to support Ukraine given the vital importance of the issue. Asked during a news conference whether she thought EU leaders could agree a reparation loan plan for Ukraine, Lagarde said: …
ECB’s Lagarde ‘fully confident’ EU will agree reparation loan plan for Ukraine Read More »
By Naomi Rovnick and Alun John LONDON, Dec 18 (Reuters) – Central banks in big economies are signalling a change of stance, with many now on hold after a long easing cycle, and policymakers flagging that their next moves could be rate hikes if inflation takes hold again. The European Central Bank all but confirmed …
Big central banks tilt towards hiking mode as inflation nerves rise Read More »
LONDON, Dec 18 (Reuters) – British inflation looks on course to return to close to its 2% target by April or May next year, about a year earlier than previously expected, Bank of England Governor Andrew Bailey said on Thursday after the central bank cut interest rates to 3.75%. In an interview with broadcasters, Bailey …
Bank of England’s Bailey sees inflation near 2% target by May Read More »
By Joanna Plucinska and Ilona Wissenbach FRANKFURT, Dec 18 (Reuters) – German airline group Lufthansa is projecting 6% supply growth for its passenger airlines on its long-haul routes in 2026, said CEO Carsten Spohr, adding it expects the delivery of a new widebody plane every other week to help bolster growth. Lufthansa is seeking to …
Exclusive-Lufthansa projects 6% long-haul flight growth in 2026 as pursues turnaround Read More »
