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Juventus shares soar 19% after Agnelli family rejects crypto firm Tether’s bid

By Giulio Piovaccari and Valentina Za Dec 15 (Reuters) – Shares in Juventus surged almost 19% on Monday, after Italy’s Agnelli family on Saturday rejected crypto group Tether’s surprise offer that valued the Serie A soccer club at 1.1 billion euros ($1.29 billion). That compares with a 1.3 billion euro equity valuation for the club …

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Russian court rules in favour of Rusal in $1.32 billion lawsuit against Rio Tinto

MOSCOW, Dec 15 (Reuters) – A Russian court has ruled in favour of Rusal in the aluminium giant’s 104.75-billion-rouble ($1.32 billion) lawsuit against global mining and metals company Rio Tinto, according to court documents. The ruling intensifies a legal battle over a joint alumina refinery in Queensland, Australia, that Rio took sole control of after …

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European stocks recover, banks lead; ECB decision, US data in focus

By Ragini Mathur and Purvi Agarwal Dec 15 (Reuters) – European shares ended higher on Monday in broad-based gains led by banks, kicking off a week packed with central bank decisions and delayed U.S. economic data on a positive note, as investors returned to risk assets after last week’s subdued finish. The pan-European STOXX 600 …

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European drone wall, other ‘flagship’ defence projects at risk in EU power struggle

By Andrew Gray and Lili Bayer BRUSSELS, Dec 15 (Reuters) – The future of proposed EU “flagship” defence projects – including a counter-drone system initially called a drone wall – is in doubt as European Union leaders plan to snub a call to endorse them at a summit in Brussels next week. The plans are …

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Italian firms using AI double in a year but still small minority

ROME, Dec 15 (Reuters) – The number of Italian firms using artificial intelligence has doubled over the past year, a report showed on Monday, but the diffusion of the technology remains extremely low in an economy dominated by small and medium-sized businesses. This year 16.4% of firms with at least 10 employees have used some …

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Exclusive-France and Italy want Mercosur trade deal vote delayed, say sources

By Michel Rose and Angelo Amante PARIS/ROME, Dec 15 (Reuters) – Italy and France want a final European Union vote on the Mercosur trade deal to be delayed, two sources familiar with the discussions said, a move which risks derailing an accord that has taken 25 years to negotiate. The deal with the Mercosur group …

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Exclusive-France and Italy aligned on need to delay final Mercosur vote, say sources

PARIS/ROME, Dec 15 (Reuters) – Italian Prime Minister Giorgia Meloni and French President Emmanuel Macron have agreed on the need to delay a final European Union vote on the Mercosur trade deal, two sources familiar with the discussion told Reuters on Monday. France has been trying to rally other EU countries to form a blocking …

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UK’s Hikma CEO steps down, chairman takes helm until successor appointed

Dec 15 (Reuters) – Hikma Pharmaceuticals said Chief Executive Riad Mishlawi is stepping down by mutual agreement, marking a change of leadership as the British drugmaker grapples with manufacturing delays and margin pressures that have weighed on its share price. Executive Chairman Said Darwazah, who is a former CEO of Hikma, will lead the company …

UK’s Hikma CEO steps down, chairman takes helm until successor appointed Read More »

US eases sanctions on three Belarus potash companies after prisoner release

By Andrius Sytas VILNIUS, Dec 15 (Reuters) – The United States on Monday granted limited sanctions relief to three Belarusian potash companies following the European country’s release of prisoners at the weekend, according to the U.S. Treasury Department. Belarus on Saturday freed 123 people from jail, including Nobel laureate Ales Bialiatski and leading opposition figure …

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