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(Reuters) -Russian internet giant Yandex NV is seeking President Vladimir Putin’s approval to sell its operations in the country and spin off its main international projects, the Financial Times reported on Thursday, citing sources. The company has informally enlisted former finance minister Alexei Kudrin to win Putin’s approval, in principle, for the restructuring plan, according …

Russia’s Yandex seeks Putin’s approval for restructuring – FT Read More »

MADRID (Reuters) – Spanish insurer Mapfre will pay a one-time 400 euro ($417.32) bonus at Christmas to its approximately 10,000 employees in Spain to help them cope with soaring inflation. The company provided a 350 euro bonus in July. “These are two extraordinary actions seeking to compensate the high rates of inflation,” Mapfre said in …

Mapfre offers one-time 400-euro bonus to employees to offset inflation Read More »

PARIS (Reuters) -Elior is discussing a possible tie-up with its biggest shareholder Derichebourg as the French caterer looks to shore up its balance sheet amid ongoing high-inflation environment, Bloomberg News reported on Wednesday. An Elior spokesperson declined to comment on the Bloomberg News report while officials at Derichebourg could not immediately be reached for comment. …

French Caterer Elior weighs a tie-up with biggest shareholder Derichebourg -Bloomberg News Read More »

PARIS (Reuters) – Orange, France’s biggest telecoms group, said on Wednesday it had signed an agreement for a sustainability-linked refinancing of its 6 billion euros ($6.2 billion) syndicated credit facility with 27 banks. ($1 = 0.9621 euros) (Reporting by Sudip Kar-Gupta; Editing by Chris Reese)

BERLIN (Reuters) – German Chancellor Olaf Scholz said on Wednesday he was “very confident” the European Union would soon agree on a price cap for Russian oil as negotiations were underway in Brussels. The Group of Seven nations (G7) is looking at a price cap on Russian sea-borne oil in the range of $65-70 per …

Scholz ‘very confident’ EU will soon agree Russian oil price cap Read More »

PARIS (Reuters) – French luxury goods company Kering confirmed on Wednesday the departure of Gucci creative director Alessandro Michele. “There are times when paths part ways because of the different perspectives each one of us may have. Today an extraordinary journey ends for me, lasting more than twenty years, within a company to which I …

Kering confirms departure of Gucci creative director Alessandro Michele Read More »

By Sergio Goncalves and Andrei Khalip LISBON (Reuters) – Further consolidation of Portugal’s banking sector is inevitable, European Central Bank member Mario Centeno told Reuters on Wednesday, calling “remarkable” the recent progress the country’s banks have made on strengthening capital and reducing risk. Analysts have said that Portuguese banks should bet on M&A operations to …

ECB’s Centeno sees more consolidation in Portugal’s banking sector Read More »