(Reuters) – Prada and Ermenegildo Zegna on Tuesday said they have acquired a minority stake in Luigi Fedeli e Figlio, highlighting the importance of high-quality knitwear in the luxury segment. The luxury fashion groups will each acquire a 15% stake in knitwear company Fedeli, while Luigi Fedeli, the current chief executive, will retain a majority …
Prada, Zegna acquire minority stake in knitwear firm Fedeli Read More »
By David Milliken LONDON (Reuters) -The Confederation of British Industry, one of the country’s main lobby groups, won a vote of confidence from its members on Tuesday after setting out reforms aimed at restoring its reputation following a series of sexual assault allegations. The CBI was thrown into turmoil in March by reports of a …
Embattled Confederation of British Industry wins backing of remaining members Read More »
By Shreyashi Sanyal and Bansari Mayur Kamdar (Reuters) -European main share indices rose on Tuesday, supported by a jump in shares of healthcare giant Novo Nordisk, though gains were capped by worries of further interest rate hikes by major central banks in the face of slowing economic growth. The pan-European STOXX 600 index closed 0.4% …
By Ankika Biswas and Shashwat Chauhan (Reuters) -British equities edged higher on Tuesday as the exporter-oriented FTSE 100 rose against a softer pound, while shares of British American Tobacco advanced after the cigarette maker stuck to its annual forecasts. The FTSE 100 index gained 0.4% as the pound slipped after data showed that British house-building …
UK’s FTSE 100 rises against weaker pound; BATS gains Read More »
FRANKFURT (Reuters) -Euro zone consumers lowered their inflation expectations, a fresh European Central Bank survey showed on Tuesday, a relief for policymakers after an unexpected surge a month earlier, even if underlying price growth is still likely to be stubborn. The ECB has raised interest rates by a combined 375 basis points over the past …
(Reuters) -Cryptocurrency exchange Kraken said on Tuesday that it had resolved an outage that affected several funding gateways including Bitcoin, Ether and ERC20s. “All systems operational,” Kraken said on its status page, without giving details on what caused the issue. Kraken had earlier said deposits and withdrawals were delayed, without providing additional details. (Reporting by …
Kraken says systems operational after issue with crypto gateways Read More »
BRUSSELS (Reuters) – Retail sales in the euro zone were unchanged in April, Eurostat said on Tuesday, as consumers spent less on food and car fuel, but increased purchases of other products, particularly online. Retail sales volumes in the 20 nations sharing the euro currency was at the same level as in March and was …
Euro zone retail sales flat in April, with weaker food, fuel sales Read More »
(Corrects headline and text to clarify recall includes trucks) (Reuters) – Ford Motor Co is recalling more than 125,000 sport utility vehicles and trucks in the United States due to the risk of an engine compartment fire, The National Highway Traffic Safety Administration (NHTSA) website showed on Tuesday. (The headline and text have been corrected …
Ford recalls more than 125,000 SUVs, trucks due to fire risk – NHTSA Read More »
LONDON (Reuters) – Investors have pulled around $780 million from crypto exchange Binance in the last 24 hours, data firm Nansen said on Tuesday, a day after the world’s biggest crypto exchange was sued by the U.S. Securities and Exchange Commission. Binance’s U.S. affiliate exchange registered net outflows of $13 million in the same period, …
Crypto exchange Binance hit by outflows of $780 million in last 24 hours – Nansen Read More »
By Joanna Plucinska ISTANBUL (Reuters) – Despite progress in improving gender diversity in the aviation sector, equality is still a distant goal, figures presented on Tuesday at the International Air Transport Association’s (IATA) annual meeting in Istanbul showed. Aviation is known for its poor record on achieving gender balance, particularly among pilots, but also in …
Global airlines say more work needed on gender diversity goals Read More »
