PARIS (Reuters) -Airbus said on Wednesday the worldwide fleet of dedicated freighter aircraft by all makers should rise to 3,420 in the next 20 years, or a 45% increase, helped by long-term trade growth. “This will be made up of 815 existing freighters and 2,605 additional ones. Of these additional 2,605 freighters, 1,530 will be …
Airbus sees world freighter fleet growing 45% by 2044 Read More »
By Alban Kacher (Reuters) -Belgium’s grid operator could set an electricity allocation limit on data centres to prevent other industrial users from being squeezed out, it said, following a surge in demand from the energy-intensive facilities that power AI. Under reforms proposed by the operator Elia, data centres would be placed in a separate category …
Belgium mulls energy limits for power-hungry data centres as AI demand surges Read More »
By Helen Reid and Dominique Vidalon PARIS (Reuters) -Carrefour, Europe’s largest food retailer, reported weaker third-quarter sales growth due to price cuts in France and high interest rates hurting consumer demand in Brazil, but stuck to its financial targets for the year. Group sales reached 22.6 billion euros ($26.36 billion) in the third quarter, up …
Carrefour third-quarter sales growth slows in France and Brazil Read More »
BERLIN (Reuters) -The German economy ministry planned a call with automakers and suppliers on Wednesday to discuss developments at Dutch chipmaker Nexperia, which faces export curbs in China, a ministry official said. “We are taking the situation of the affected companies very seriously and are discussing the matter with the companies and our Dutch and …
German ministry plans call with auto sector over Nexperia woes, official says Read More »
PARIS (Reuters) -Kering’s sale of its beauty business to L’Oreal will result in a “net gain before tax” in Kering’s annual results, COO Jean-Marc Duplaix told analysts in a call on Wednesday when asked if the transaction would lead to a writedown. Under the deal announced on Sunday, L’Oreal agreed to pay 4 billion euros …
Sale of beauty assets to L’Oreal will be “net gain” in results, Kering COO says Read More »
By Tala Ramadan, Ahmed Elimam and Kate Abnett (Reuters) -The European Parliament agreed on Wednesday to consider further changes to the EU’s corporate sustainability rules, as the U.S. and Qatar stepped up pressure on Brussels to weaken the law. The U.S. and Qatar had urged the European Union to scale back the law and warned on …
EU plans changes to sustainability law as US, Qatar increase pressure Read More »
AMSTERDAM (Reuters) -German laser maker Trumpf and defense tech firm Rohde & Schwarz said on Wednesday they are developing a system to detect, track, and shoot down drones with lasers. Trumpf, best known as a supplier to computer chip equipment maker ASML, builds some of the most powerful lasers in the world. Rohde & Schwarz …
German laser maker Trumpf, defense firm Rohde & Schwarz to build drone-zapping system Read More »
By Giuseppe Fonte ROME (Reuters) -Italy plans to garner around 4 billion euros ($4.66 billion) next year from its banks and insurers through a package of measures contained in the government’s 2026 budget, Economy Minister Giancarlo Giorgetti said on Wednesday. The revenue will help fund expansionary tax cuts and spending hikes worth 18.7 billion euros …
Italy to get 4 billion euros in 2026 from banks, insurers Read More »
(Reuters) -London stocks rose for a third straight day on Wednesday as investors ramped up bets on interest rate cuts from the Bank of England after data showed that inflation had unexpectedly held steady. British lender Barclays advanced 5% among the top movers on the FTSE 100 index after announcing a surprise 500 million-pound ($670 …
By Valentina Za, Elvira Pollina and Giuseppe Fonte MILAN (Reuters) -UniCredit CEO Andrea Orcel faces persistent requests from its board for detailed, frequent updates on his dealmaking strategy, four people with knowledge of the matter said. The Italian bank has invested in several rival financial institutions over the past year, but not yet landed any …
Exclusive-UniCredit CEO under renewed board scrutiny in M&A tug-of-war, sources say Read More »
