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(Reuters) -Levi Strauss & Co shares fell about 9% on Friday as investors focused on the denim maker’s warning of a tariff-related hit to its fourth-quarter margin, overlooking a higher annual profit forecast. The margin-hit forecast highlights the impact of the Trump administration’s changing trade policies on consumer-facing companies, especially those with suppliers in countries …

Levi Strauss slips as tariff-related costs overshadow forecast raise Read More »

By Sam Tabahriti and Amy-Jo Crowley LONDON (Reuters) -RedBird Capital Partners on Friday formally requested approval from the British government to proceed with its proposed acquisition of The Telegraph, according to an internal memo seen by Reuters and confirmed by the U.S.-based investment firm. If approved, RedBird would take sole control of the broadsheet under …

RedBird Capital formally requests approval for acquisition of UK’s Telegraph Read More »

By Jonathan Stempel (Reuters) -A Delaware judge said former Activision Blizzard officials including Chief Executive Bobby Kotick must face most of a lawsuit alleging they shortchanged shareholders when Microsoft bought the “Call of Duty” game maker for $75.4 billion. Chancellor Kathaleen McCormick of the Delaware Chancery Court said on Thursday the shareholders in the proposed …

Activision officials must face claims over Microsoft takeover, judge rules Read More »

(Reuters) -Shipbuilder Seatrium said Denmark’s Maersk terminated a $475 million contract for a nearly finished offshore wind vessel that was intended to work on a project off the coast of New York. The wind turbine installation vessel is 98.9% complete and was built to serve Equinor’s Empire Wind, Singapore-based Seatrium said in a statement on …

Maersk cancels $475 million contract for US-bound offshore wind vessel Read More »

By Giuseppe Fonte ROME (Reuters) -The Italian government will defend its golden powers aimed at shielding strategic assets, its economy minister said on Friday, as Brussels prepares to challenge the legislation. Italy is among the EU countries that have made extensive use of golden power legislation to protect interests in sectors such as banking, defence …

Italy ready to defend ‘golden powers’ against EU moves, economy minister says Read More »

By Elizabeth Howcroft (Reuters) -Europe’s crypto rules do enough to address the risks around stablecoins, the European Commission said on Friday, signalling it does not see the need for major change after the European Central Bank called for more safeguards. Stablecoins – cryptocurrencies pegged to real-world currencies – are among the fastest-growing parts of the …

European Commission says existing rules address stablecoin risks Read More »

By Marie Mannes and Akash Sriram STOCKHOLM (Reuters) -Tesla launched the new, lower-priced standard version of its best-selling Model Y SUV in Europe on Friday, aiming to reinvigorate demand in a market that has weakened sharply over the past year. The new Model Y Standard, unveiled earlier this week, marks Tesla’s latest push to boost …

Tesla rolls out lower-cost Model Y Standard variant in European markets Read More »

(Reuters) -British stocks slumped on Friday after U.S. President Donald Trump threatened a “massive increase” in tariffs on Chinese goods, setting off a broad equities selloff in the final minutes of trading. The FTSE 100 closed down 0.9% to 9,427.47 points. The pullback pushed the blue-chip index into the red for the week by 0.67%. …

London stocks end week lower as Trump ratchets up trade worries Read More »

By Ludwig Burger, Isla Binnie and Sabrina Valle FRANKFURT/NEW YORK (Reuters) -BASF has agreed to sell a majority stake in its coatings business to private equity firm Carlyle and the Qatar Investment Authority, valuing the unit at 7.7 billion euros ($8.91 billion). The companies said in a joint statement on Friday that BASF would retain …

BASF sells majority of coatings business to Carlyle, Qatar Investment Authority Read More »