PARIS (Reuters) – U.S. private equity fund Cerberus is considering filing a bid for Orange’s mobile banking unit, Les Echos reported on Tuesday, citing unnamed sources. An Orange spokesman declined to comment. (Reporting by Tassilo Hummel; Editing by Chris Reese)
By Matthias Inverardi and Marta Orosz BONN, Germany (Reuters) -A tax lawyer, alleged to have masterminded one of Germany’s biggest post-war frauds, was sentenced to eight years in jail on Tuesday after a landmark trial that has gripped the country. Hanno Berger, a 72-year-old former tax inspector turned legal tax expert, is the most high …
German cum-ex mastermind handed 8-year jail sentence for tax fraud Read More »
LONDON (Reuters) -British finance minister Jeremy Hunt said on Tuesday the government would announce soon how it plans to extend its energy price support scheme for businesses. “We’ll be announcing very shortly the precise details of that support. But we do want to continue supporting businesses going forward,” Hunt told LBC radio. The government has …
UK to say soon how it will extend energy support for businesses-Hunt Read More »
By Ludwig Burger FRANKFURT (Reuters) – TUI has struck an agreement with the German government to repay at least 730 million euros ($775 million) of state aid that bailed out the German tourism group during the coronavirus pandemic. Under the deal, TUI would fully repay the silent participation provided by the government’s Economic Stabilization Fund …
TUI to repay at least 730 million euros in German state aid Read More »
DEARBORN, Mich. (Reuters) -Ford Motor Co on Tuesday said it added a third work crew at an assembly plant near Detroit as it boosts production of its F-150 Lightning electric pickup truck. The U.S. automaker said it added 250 jobs in November at its Rouge plant in Dearborn, Michigan, as a result of the additional …
Ford adds work crew at Michigan plant as it boosts output of EV pickup Read More »
By Johann M Cherian and Shristi Achar A (Reuters) -London’s main stock indices closed higher on Tuesday, tracking an upbeat mood on Wall Street as signs of cooling U.S. inflation spurred hopes of smaller interest rate hikes by the Federal Reserve. The blue-chip FTSE 100 ended up 0.8% after rising as much as 1.5%, while …
London stocks echo Wall St cheer on cooling U.S. inflation Read More »
By Amruta Khandekar and Bansari Mayur Kamdar (Reuters) -European shares climbed on Tuesday after softer-than-expected U.S. inflation data spurred bets that the Federal Reserve would scale back the size of its interest rate hikes in the world’s largest economy. The region-wide STOXX 600 was up 1.3%, tracking sharp gains in global markets after the U.S. …
European shares hit over one-week highs on U.S. CPI relief Read More »
LONDON (Reuters) – Citi’s head of equity capital markets (ECM) in Spain and Portugal, Luis Esguevillas, will leave the bank after 28 years at the bank, according to an internal memo seen by Reuters. Esguevillas, a veteran who participated in some of Europe’s most significant initial public offerings, such as EDP Renewables, Allfunds and Inditex …
Citi’s ECM veteran Esguevillas to leave the bank- memo Read More »
ROME, Dec 13 (Reuters) – Italian industrial output fell more than expected in October after plunging the month before, data showed on Tuesday getting the fourth quarter off to a bad start and fueling recession fears. Industrial output in the euro zone’s third largest economy dropped 1.0% in October from September, national statistics bureau ISTAT …
Italy October industry output falls more than expected for second month running Read More »
By William Schomberg and Andy Bruce LONDON (Reuters) – Britain’s jobless rate rose for a second month and there were other signs in data on Tuesday that some of the inflationary heat in the labour market is cooling as the economy stumbles, including an increase in older people looking for work. But the Bank of …
UK jobless rate rises again but pay growth keeps Bank of England on edge Read More »
