By Corina Pons and Helen Reid MADRID/LONDON (Reuters) -Zara pulled an advertising campaign featuring mannequins with missing limbs and statues wrapped in white from the front page of its website and app on Monday after it prompted calls by some pro-Palestine activists for a boycott of the fashion retailer. Inditex, which owns Zara, said the …
Zara pulls advert from website front page after Gaza boycott calls Read More »
PARIS (Reuters) – The French economy will manage to just barely grow in the final quarter of this year, boosted by service sector activity, the French central bank estimated on Monday. The euro zone’s second-biggest economy is on course to eke out 0.1% growth from the third quarter, when it contracted by an unexpected 0.1%, …
French central bank sees fourth quarter growth of 0.1% Read More »
MILAN (Reuters) – Italian telecoms operator Fastweb said on Monday it plans to build an artificial intelligence large-language model (LLM) which is trained in native Italian to help its corporate and public administration customers develop AI tools. “A group of generative AI experts will work through deep learning systems to develop an LLM based on …
Fastweb to develop native Italian trained AI language model Read More »
By Emilio Parodi MILAN (Reuters) -An Italian appeals court on Monday acquitted three former top executives of Banca Monte dei Paschi di Siena in one strand of a long-running derivatives case, boosting the earnings prospects of the state-owned lender. The court ruling, which overturns an earlier conviction, reduces the legal risks facing bailed-out Monte dei …
Former Monte Paschi executives acquitted over derivatives case Read More »
By Shashwat Chauhan (Reuters) -The UK’s FTSE 100 closed lower on Monday, with lower metal prices dragging down miners as investors await a slew of central bank meetings and economic data this week for clues on the path of monetary policy. The blue-chip FTSE 100 slipped 0.1%, while the domestically focussed FTSE 250 mid-cap index …
FTSE 100 begins cenbank-heavy week on subdued note Read More »
By Ankika Biswas, Khushi Singh and Bansari Mayur Kamdar (Reuters) -European shares rose at the start of an event-heavy week as investors buckled up for a key U.S. inflation print and interest rate decisions from major global central banks, while weakness in metal prices knocked down miners. The pan-European STOXX 600 gained 0.4%, holding to …
European shares rise ahead of central bank rate decisions Read More »
By Julia Payne BRUSSELS (Reuters) – European Union countries are close to agreeing a deal on a proposed 12th package of sanctions on Russia focused on a Russia-origin diamond ban and new measures to stem the flow of Russian oil, according to four people familiar with the matter. While the biggest part of the new …
EU nears deal on 12th Russia sanctions package, softens tanker sale ban – sources Read More »
BRUSSELS (Reuters) – Airline group IAG said on Monday that it had sought antitrust approval from the European Union for its previously announced plans to buy out the whole of Spanish low-cost airline Air Europa. IAG, which owns British Airways and Iberia, said it was ready to offer an ambitious and broad set of remedies …
IAG says it has sought EU antitrust approval for Air Europa deal Read More »
By Richa Naidu and Helen Reid LONDON (Reuters) – Quality Street maker Nestle and Cadbury owner Mondelez are seeing higher sales of confectionery in Britain this holiday season driven by cash-strapped shoppers seeking cheaper gifts. Shoppers hit by inflation and higher mortgage rates are buying cheaper gifts this year, according to analysts and consumer companies. …
Confectioners eye holiday boost as UK shoppers snub expensive gifts Read More »
(Reuters) – Goldman Sachs has raised its 12-month forecast for the pan-European STOXX 600 index to 500, implying a nearly 6% gain through 2024-end, on expectation of lower interest rates. Goldman’s target is roughly 1% above the index’s January 2022 high when the U.S. Federal Reserve started raising rates. The brokerage had earlier expected the …
Goldman Sachs lifts benchmark European share index’s 12-month target to 500 Read More »
