By Leigh Thomas and Dominique Vidalon PARIS (Reuters) -French lawmakers shot down proposals to levy a wealth tax on the ultra-rich demanded by the Left and on Friday backed instead a diluted government plan to tax assets kept in holding companies. Eager to calm Socialist lawmakers furious over the rejection of the wealth tax, Prime …
French lawmakers reject wealth tax on ultra-rich Read More »
(Corrects in paragraph 4 to say EMEA region accounts for 25% of Linde sales, not 36%, and removes reference to EMEA as the largest business region for the company) By Bartosz Dabrowski (Reuters) -Linde on Friday followed a quarterly earnings beat with a cautious profit outlook for the rest of the year because of weakness …
Linde’s fourth-quarter guidance disappoints on weaker Europe volumes Read More »
By Nick Carey LONDON (Reuters) -Norway’s Vianode will build a multi-billion-dollar synthetic graphite plant in Ontario to supply anode materials for EV batteries and is in talks to supply defense and energy storage customers keen to find non-Chinese sources of this critical mineral, it said on Friday. China controls 95% of the global supply of …
Norway’s Vianode to build synthetic graphite plant for EV batteries in Ontario Read More »
PARIS (Reuters) -French telecoms group Orange said on Friday it had reached a non-binding agreement to buy the 50% stake it does not already own in its Spanish unit MasOrange for 4.25 billion euros ($4.96 billion) in cash. With the acquisition of the stake currently jointly held by U.S. private equity funds KKR, Cinven and …
Orange to buy remaining 50% of Spanish unit MasOrange for $5 billion Read More »
By Foo Yun Chee and Inti Landauro BRUSSELS (Reuters) -The European Union is determined to find a diplomatic solution with Dutch chipmaker Nexperia amid concerns about a supply squeeze, EU tech chief Henna Virkkunen said on Friday after a virtual meeting with the Chinese-owned company. “An important meeting this morning with @TeamNexperia, where I reaffirmed …
EU seeks diplomatic solution with Nexperia, EU tech chief says amid supply squeeze Read More »
(Reuters) -Dutch airline KLM said on Friday that it had agreed a two-year deal that includes pay increases, bonuses, and improved retirement options with five trade unions representing ground staff in the Netherlands. The collective labor agreement (CLA) is retroactive from March 1 this year, through February 28, 2027. It includes a gradual salary increase …
KLM reaches two-year labor deal with ground staff unions Read More »
By Avinash P and Johann M Cherian (Reuters) -British stocks finished lower on Friday, with the blue-chip FTSE 100 set to extend its fall from the previous session, as markets cooled after a record run earlier this month. Investors were also cautious ahead of the Bank of England’s monetary policy decision next month and the …
London stocks ease after recent rally; focus shifts to budget, Bank of England Read More »
(Corrects spelling of Ananym throughout and spelling of Penner in last paragraph) By Svea Herbst-Bayliss NEW YORK (Reuters) -Ananym Capital has intensified its call for auto-parts supplier LKQ to sell its European business, stressing that there are interested buyers and that the proceeds could be used to buy back shares, according to a letter to …
Activist fund Ananym steps up calls for LKQ to sell European business Read More »
SAO PAULO (Reuters) -Volkswagen said on Friday it has secured 2.3 billion reais ($425.62 million) in credit lines from Brazil’s state development bank BNDES to boost the development of hybrid vehicles and expand exports from its Brazilian operations. The company said that the funds will be used to support its plan to offer hybrid versions …
Volkswagen secures credit lines from Brazil’s BNDES to boost hybrids Read More »
(Reuters) -Bulgaria’s parliament temporarily banned on Friday exports of some fuels, mainly diesel and aviation fuel, to EU member states to ensure the stability of the local market following U.S. sanctions on Russia’s Lukoil, which runs the country’s biggest oil refinery. Last week, Bulgaria announced it would take measures to secure uninterrupted supplies of oil …
Bulgaria restricts fuel exports to EU following Lukoil sanctions Read More »
