By Valentina Za and Giulio Piovaccari MILAN (Reuters) – In 1977, a Ferrari owner offloaded his 1962 250 GTO because his wife complained it was too noisy, recounts Andrea Modena, head of Ferrari’s classic car division. It was either her or the car. “Nowadays, I’m not sure the wife would have won out.” Times have …
Ferrari fever? Classic cars roar into investment funds Read More »
(Reuters) – Ducati’s reigning MotoGP world champion Francesco Bagnaia smashed the circuit lap record to take pole position for the Grand Prix of the Americas in Austin, Texas, on Saturday. The pole was the Italian’s first of the season, and 12th of his career, after starting the previous two races in Portugal and Argentina on …
Motorcycling-Bagnaia smashes lap record to take Americas GP pole Read More »
By Chiara Elisei LONDON (Reuters) – Some holders of bonds issued by French food retailer Casino are working with financial adviser Perella Weinberg Partners to push for better terms should the company’s planned tie-up with smaller food firm Teract proceed, three sources familiar with the matter said. The investors, who hold some Casino bonds maturing in 2026 and …
Casino bondholders seeking better terms in Teract tie-up Read More »
(Reuters) – British drugmaker GSK said on Saturday its oral antibiotic drug to treat uncomplicated urinary tract infections (uUTI) in female adults and adolescents met the main goals in late-stage trials. The drug, gepotidacin, in phase III trials, met its primary goals of being on a par or better than nitrofurantoin, the current standard of …
GSK’s antibiotic drug to treat uncomplicated UTIs meets main goals Read More »
By Riham Alkousaa BERLIN (Reuters) – Germany will pull the plug on its last three nuclear power stations by Saturday, ending a six-decade programme that spawned one of Europe’s strongest protest movements but saw a brief reprieve due to the Ukraine war. The smoking towers of Isar II, Emsland and Neckarwestheim II reactors were to …
Atomic ‘angst’ over? Germany closes last nuclear plants Read More »
BERLIN (Reuters) – The head of Germany’s antitrust regulator says it may investigate energy suppliers amid consumer complaints about price hikes and possible abuse of a government energy price cap. “We have already started to implement the ban on abuse. In particular, the planning of specific investigative measures is already well advanced,” Cartel Office President …
German cartel office mulls energy suppliers probe over pricing – newspaper Read More »
By John Revill and Noele Illien ZURICH/BERN (Reuters) -Switzerland’s tradition of dependable consensus politics has taken a battering after the government used an emergency law to push through a state-backed mega-merger of UBS and Credit Suisse, sidelining the country’s parliament. Switzerland’s two parliamentary chambers voted to reject the government’s 109 billion Swiss francs ($122.82 billion) …
Emergency Credit Suisse rescue shakes faith in Switzerland Read More »
NEW YORK (Reuters) – Societe Generale SA agreed to pay $105 million to settle U.S. investor litigation accusing the French bank of violating antitrust law by conspiring with rivals to rig Euribor, a key European interest rate benchmark. A preliminary settlement was filed late Friday with the U.S. District Court in Manhattan, and requires a …
Societe Generale to pay $105 million in rate-rigging settlement Read More »
BERLIN (Reuters) – Germany’s BDI industry association expects exports to grow by 2% in 2023, double its forecast in January, its president told the Rheinische Post newspaper in comments published on Saturday. “Things are looking up, but only slowly – we must not be satisfied with that,” BDI President Siegfried Russwurm told the newspaper. Even …
German industry association raises 2023 export growth forecast to 2% – report Read More »
(Reuters) – Finnish forestry group UPM’s pulp mill in Uruguay has received authorization for its new Paso de los Toros pulp mill from the environmental authorities, the company said in a statement on Saturday. The mill will commence operations immediately, and first customer deliveries are expected to ship in May, it said. The company had …
Finland’s UPM says Uruguay pulp mill gets green light Read More »
