Reuters UK Business

Generali unveils new organizational structure to support its 3-yr plan

MILAN (Reuters) – Italy’s top insurer Generali said on Wednesday it would create a new organizational structure at group level, designed to fully support the delivering of its 3-year plan, which was unveiled in December. Under the new structure, effective from Sept. 1, current country manager for Italy, Marco Sesana, is appointed General Manager in …

Generali unveils new organizational structure to support its 3-yr plan Read More »

Musk says Tesla’s new car factories ‘losing billions of dollars’

By Hyunjoo Jin San Francisco (Reuters) – Tesla Inc’s new car factories in Texas and Berlin are “losing billions of dollars” as they struggle to increase production because of a shortage of batteries and China port issues, Chief Executive Elon Musk said recently. “Both Berlin and Austin factories are gigantic money furnaces right now. Okay? …

Musk says Tesla’s new car factories ‘losing billions of dollars’ Read More »

JPMorgan starts cutting jobs in mortgage unit as homebuying demand cools

(Reuters) -JPMorgan Chase & Co said on Wednesday it had started laying off employees in its mortgage business, as elevated inflation and rising mortgage rates slow the housing boom in the United States. More than 1,000 employees will be affected and about half of them will be moved to different divisions within the bank, according …

JPMorgan starts cutting jobs in mortgage unit as homebuying demand cools Read More »

Italian government picks Fastweb, Aruba to set up country’s cloud hub

MILAN (Reuters) – The Italian government has chosen the offer of Internet operator Fastweb and web hosting provider Aruba to create a cloud-based infrastructure for the country’s public administration data. The infrastructure, called the National Strategic Hub (NSH), is part of the Italian government’s strategy to accelerate a digital transformation and guarantee national data security …

Italian government picks Fastweb, Aruba to set up country’s cloud hub Read More »

Nigerian Senate to probe Shell over alleged illegal oil lease renewals

ABUJA (Reuters) -Nigeria’s Senate said on Wednesday it will investigate oil company Shell Plc over alleged illegal extensions of oil exploration leases and is seeking a refund of $200 million which it said accrued over the period. The upper house of parliament said a seven-member committee has been mandated to investigate oil exploration leases granted …

Nigerian Senate to probe Shell over alleged illegal oil lease renewals Read More »

Volvo, DAF Trucks can be sued in Spanish cartel case, EU court says

By Foo Yun Chee BRUSSELS (Reuters) – Swedish truckmaker Volvo and Paccar’s DAF Trucks can be sued for compensation by a Spanish claimant over a truckmakers’ cartel, Europe’s top court said on Wednesday, in a ruling that could spur more claims against the cartel members. Both companies, Daimler and Italy’s Iveco were fined a record …

Volvo, DAF Trucks can be sued in Spanish cartel case, EU court says Read More »

EU court dismisses Ryanair challenge against Finnair state aid

BRUSSELS (Reuters) – Europe’s second-highest court on Wednesday dismissed Ryanair’s challenge against EU approval for millions of euros in state aid granted to rival Finnair. “The action seeking annulment of the decision by the Commission to approve aid granted by Finland to the airline Finnair is dismissed in its entirety,” the Luxembourg-based General Court said. …

EU court dismisses Ryanair challenge against Finnair state aid Read More »

Close Bitnami banner
Bitnami