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ROME (Reuters) -Italy will put forward former economy minister Daniele Franco as its candidate for the executive board of the European Central Bank (ECB), a source close to the matter said on Sunday. A seat on the six-person board will come free in October when Fabio Panetta is due to step down four years early …

Italy to propose ex-minister Franco for ECB board, source says Read More »

By Ahmed Hagagy KUWAIT CITY (Reuters) – Kuwait Airways plans to lease eight Airbus passenger jets within 10 years, Chairman Ali Aldokhan said on Sunday. The state-owned carrier is examining offers from leasing companies, and the contract duration for the leased planes, all Airbus 321 neo aircraft, will be between eight and 10 years, Aldokhan …

Kuwait Airways plans to lease eight Airbus jets within 10 years Read More »

(Reuters) -Photoshop maker Adobe’s co-founder John Warnock died on Saturday aged 82, the company said in a statement early on Sunday. The cause of his death was not disclosed. “It is a sad day for the Adobe community and the industry for which he has been an inspiration for decades,” Adobe CEO Shantanu Narayen said …

Adobe co-founder John Warnock dies at 82 Read More »

By Crispian Balmer ROME (Reuters) – Entrepreneur Roberto Colaninno, chairman and CEO of scooter maker Piaggio and one of Italy’s best-known dealmakers, has died, his investment company IMMSI said on Saturday. He turned 80 last week. No cause of death was given. Colaninno was a central figure in the country’s industrial landscape who managed to …

Famed Italian dealmaker and Piaggio CEO Colaninno dies Read More »

(Reuters) – Social media company X, formerly known as Twitter, will remove a protective feature that lets users block other accounts, owner Elon Musk said on Friday in another controversial move for the company he bought last year. The block function on X allows a user to restrict specific accounts from contacting them, seeing their …

Elon Musk says X will strip ability to block accounts Read More »

By Foo Yun Chee and Sudip Kar-Gupta BRUSSELS (Reuters) -U.S. chipmaker Qualcomm will have to seek EU antitrust approval for its planned takeover of Israeli auto-chip maker Autotalks even though the deal is below the European Union’s turnover threshold, EU regulators said on Friday. The European Commission cited the importance of the deal to original …

Qualcomm’s bid for Israel’s Autotalks needs EU antitrust approval Read More »

BERLIN (Reuters) – Novartis on Friday proposed to offer shareholders one Sandoz share for every five Novartis shares as it said it planned to spin off the generic medicines division on or around Oct. 4. The Swiss drugmaker invited shareholders to an extraordinary general meeting on Sept. 15 after its board of directors unanimously endorsed …

Novartis plans Sandoz spin-off around Oct. 4, proposes share distribution Read More »

By Tim Hepher, Lisa Baertlein, Allison Lampert and Valerie Insinna (Reuters) -Air cargo enjoyed record demand when COVID-19 closed borders and snarled supply chains. Now, it is reeling from overcapacity and tumbling freight rates as the freight boom makes a hard landing. Consumers who had the means to spend the lockdown shopping online for goods …

Air travel boom creates crosswinds for air cargo Read More »