By Philip Pullella VATICAN CITY (Reuters) – The Vatican on Wednesday signed an agreement with German carmaker Volkswagen to replace the city-state’s entire car fleet with electric vehicles by 2030. The governor’s office of the world’s smallest state gave no financial details of the deal in a statement but said would involve medium- and long-term …
Vatican in deal with Volkswagen for all-electric car fleet by 2030 Read More »
(Reuters) – Ernst & Young has appointed insider Janet Truncale as global chief executive, replacing Carmine Di Sibio starting July 2024, the accounting firm said on Wednesday. Truncale, the regional managing partner at EY Americas, has spent more than 30 years at the firm after joining as an intern. Di Sibio was appointed to the …
EY appoints company veteran Janet Truncale as global CEO Read More »
By Rene Wagner and Klaus Lauer BERLIN (Reuters) -U.S. pharma company Eli Lilly plans an investment in the single-digit billion dollar range in a new plant in western Germany, people familiar with the matter told Reuters after the company called a news conference for Friday. The project will be fully funded by the medicines giant, …
Eli Lilly plans single-digit billion dollar new German plant -sources Read More »
By Olivier Sorgho (Reuters) -French train maker Alstom is considering a capital increase and is seeking asset sales worth up to 1 billion euros ($1.09 billion) to bolster its balance sheet, sending its shares down 15%. The company also flagged some 1,500 job cuts in an attempt to reassure investors after it forecast in October …
Alstom mulls capital increase after cash-flow warning Read More »
FRANKFURT (Reuters) – UBS CEO Sergio Ermotti said Europe needs stronger banks and that this could be achieved through mergers. “It’s crystal clear that Europe needs to have stronger banks and the way to achieve that is only possible allowing consolidation in the industry,” said Ermotti. (Reporting By Stefania Spezatti; editing by John O’Donnell)
By Andy Bruce and William Schomberg LONDON (Reuters) -British inflation cooled more than expected in October as household energy prices dropped from a year ago and there was also a wider softening of price pressures, offering relief to the Bank of England and Prime Minister Rishi Sunak. Annual consumer price inflation plunged to a lower-than-expected …
UK inflation slows sharply, boosting BoE and PM Sunak Read More »
By Clara Denina and Pratima Desai LONDON (Reuters) -Glencore’s deal to buy Teck Resources’ steelmaking coal unit shows how cheap fossil fuels can be a lucrative option for companies – for a decade or two at least – even as they are phased out in favour of renewable energy. Western companies may be loathe to …
Glencore coal deal shows power of fossil fuels – even on their way out Read More »
By Lefteris Papadimas ATHENS (Reuters) – Demand for a 20% stake in Greece’s National Bank (NBG) held by the country’s bank bailout fund was covered by more than six times on Tuesday, in the first day of a book-building process which ends later this week, a source with knowledge of the matter told Reuters. “Demand …
Greece’s National Bank attracts strong demand in 20% stake sale – source Read More »
DUBAI (Reuters) – Emirates and Rolls-Royce sought to narrow differences over engine pricing on Wednesday as the Dubai Airshow entered a third day reeling from a public spat over engine performance and business terms that blocked a deal for Airbus A350-1000 jets. Emirates Airline President Tim Clark warned Airbus and Rolls-Royce on Tuesday that increased …
Airlines in last-minute talks to rescue Dubai Airshow deals Read More »
(Reuters) -British pub group Fuller Smith & Turner on Wednesday said current bookings were 11% ahead of last year, priming it for a strong Christmas season. Britons are gearing up for a cheery holiday season despite a year of unrelenting economic gloom due to persistently high inflation as pub groups and retailers line up offers …
UK pub chain Fullers sees bookings jump ahead of Christmas Read More »
