(This Oct. 31 story has been refiled to remove the picture) By Jonathan Stempel NEW YORK (Reuters) – A former Deutsche Bank trader whose conviction in New York for rigging a key interest rate benchmark was overturned can pursue a $150 million lawsuit accusing the German lender of malicious prosecution for making him a scapegoat. …
Exonerated Deutsche Bank trader can pursue $150 million lawsuit -US judge Read More »
By Tim Hepher and Giuseppe Fonte (Reuters) -Europe on Monday challenged the private sector to develop services for small rockets that could guide future space reform, while stabilising finances for troubled medium and heavyweight launchers for the coming decade. The head of the European Space Agency said the decision to foster competition had long-term implications …
Europe targets competitive shake-up in space launch deal Read More »
ROME (Reuters) -An Italian judge has ordered the seizure of 779.5 million euros ($836.40 million) from short-term rentals platform Airbnb’s Ireland unit for alleged tax evasion, Milan prosecutors’ office said on Monday. The probe concerns Airbnb’s alleged failure to withold 21% of landlords’ rental income and pay it to Italian tax authorities, as required by …
Italy judge seizes 780 million euros from Airbnb in tax probe Read More »
PARIS (Reuters) – French Finance Minister Bruno Le Maire on Monday hailed a new agreement on space launches between France, Germany and Italy, saying it secured funding for 42 launches of the delayed Ariane 6 and a return to service for Italy’s grounded Vega-C. The agreement covers the second batch of Ariane 6 launches after …
France says Ariane 6 accord calls for public aid, 11% cost cuts Read More »
By Foo Yun Chee BRUSSELS (Reuters) – Electronics makers Siemens, Ericsson and Schneider Electric, along with industry group DigitalEurope warned on Monday that onerous proposed EU rules targeting cybersecurity risks of smart devices could disrupt supply chains on a scale similar to during the pandemic. Proposed by the European Commission last year, the Cyber Resilience …
Siemens, Ericsson warn EU cybersecurity rules may disrupt supply chains Read More »
(Reuters) -Credit ratings agency Moody’s on Monday said it has placed Telecom Italia’s B1 ratings on review for upgrade after the company’s board approved KKR’s 19 billion euro ($20.39 billion) bid for its fixed-line network. The sale is a key plank of TIM CEO Pietro Labriola’s plans to revive the debt-laden, junk-rated former phone monopoly, …
Moody’s places Telecom Italia’s ratings on watch after $20 billion KKR deal Read More »
By Shubham Batra and Johann M Cherian (Reuters) -The UK’s FTSE 100 closed Monday’s session flat as investors awaited key economic data to assess the strength of the local economy, while Melrose Industries hit a one-month high after signing a deal with GE Aerospace. UK GDP data is in focus this week and is expected …
UK’s FTSE 100 kicks off week on cautious note; Melrose shines Read More »
LONDON (Reuters) – Former UK fashion retailer Sears’ pension scheme will transfer its nearly 600 million pounds ($733 million) in assets to Clara-Pensions, the superfund said on Monday, in the first such deal for schemes which cannot afford insurance. Sears, which included women’s fashion brands such as Miss Selfridge and Richards, stopped trading as a …
Ex-UK retailer Sears pension agrees first superfund deal Read More »
By Conor Humphries DUBLIN (Reuters) -Ryanair expects to post a record annual profit and will pay investors a regular dividend for the first time, it said on Monday, citing fares that rose 24% during the summer and are likely to remain high for years because of limited capacity. Shares in the low-cost pioneer, Europe’s largest …
Ryanair sees record annual profit, first regular dividend as fares soar Read More »
By Elvira Pollina MILAN (Reuters) -Telecom Italia (TIM) on Sunday approved the 19 billion euro ($20 billion) sale of its fixed-line network to U.S. private equity firm KKR, becoming the first telecoms group in a major European country to part ways with its landline grid. The deal, backed by Prime Minister Giorgia Meloni’s conservative administration, …
Telecom Italia approves KKR’s $20 billion grid bid in blow for Vivendi Read More »
