MUNICH, Germany (Reuters) – Over the past six months Gazprom has delivered gas to Europe at the lowest levels it could according to its contracts, European Commission President Ursula von der Leyen said on Saturday. “What we’ve seen over the last six months is that Gazprom has delivered always at the lowest level,” she told …
Gazprom deliveries at lowest level over last 6 months, von der Leyen says Read More »
By Svea Herbst-Bayliss BOSTON (Reuters) – A U.S. federal judge ruled that Nuveen and trustees of its closed-end funds violated the Investment Company Act by stripping hedge fund Saba Capital of its full voting rights at an annual meeting.Saba filed litigation against Nuveen funds and their trustees in early 2021, arguing the asset management company …
U.S. judge rules for Saba Capital in closed-end fund voting litigation Read More »
By Tim Hepher (Reuters) -A UK judge ordered planemaker Airbus to delay any practical impact of a decision to revoke a $6 billion jet order from Qatar Airways for several weeks, as two of aviation’s most powerful players wage an escalating court battle. The move effectively prevents the planemaker from allocating valuable early delivery slots …
Airbus ordered to delay implementing Qatar jet cancellation Read More »
By Jonathan Stempel NEW YORK (Reuters) – A new U.S. lawsuit filed on Friday accuses L’Oreal SA of causing American shoppers to overpay for its beauty products by misleading them into thinking they are actually made in France. Veronica Eshelby, the plaintiff in the proposed class action, said L’Oreal’s labeling its products “L’Oreal Paris” and …
U.S. lawsuit claims L’Oreal makes up products to appear being from France Read More »
By Joice Alves LONDON (Reuters) – Russia-exposed European stocks have been under pressure for weeks amid fears Russia could invade Ukraine and the stand-off has triggered volatility across the European stock market. After Russian-backed separatists in breakaway regions in eastern Ukraine announced an evacuation of residents on Friday, Germany’s main stock index, the most sensitive …
Factbox-European stocks at risk if Russia invades Ukraine Read More »
(Reuters) – Storm Eunice is likely to cause insurance losses of 200 million pounds ($272 million) to 350 million pounds ($476 million) due to property damage, business and travel disruption, PwC UK said on Friday. “As with Storm Dudley, insurance losses will mainly be in respect of damage to homes, commercial properties and vehicles from …
BERLIN/LISBON (Reuters) -A ship carrying around 4,000 vehicles, including Porsches, Audis and Bentleys, that caught fire near the coast of the Azores will be towed to another European country or the Bahamas, the captain of the nearest port told Reuters on Friday. Lithium-ion batteries in the electric cars on board the vehicle carrier Felicity Ace …
Ship carrying Porsches and Bentleys ablaze near Azores, towing boats en route Read More »
(Reuters) -Oxford Cannabinoid Technologies said on Friday its third-largest investor has asked the British pharmaceutical company to hold a shareholder meeting to remove its chief executive officer and a majority of its board members. Former non-executive director Gavin Sathianathan, who serves as the top boss of U.S.-based private investment firm GHS Capital, has proposed resolutions …
Oxford Cannabinoid shareholder calls for ouster of CEO, board overhaul Read More »
ROME (Reuters) – Italy has set aside one billion euros ($1.1 billion) a year for eight years to support its automotive sector, Industry Minister Giancarlo Giorgetti told reporters on Friday after a cabinet meeting. The new package meets requests by businesses and unions for a structural mid-term scheme, after Rome spent a total of around …
Italy sets aside 1 billion euros per year for 8 years to support automotive sector Read More »
(Reuters) -Exor has paid 746 million euros ($845 million) to settle a dispute linked to the transfer of its legal headquarters to the Netherlands in 2016, the holding company of Italy’s Agnelli family said on Friday. Exor said the amount, which includes interest for 104 million euros, had been paid in full on Friday. The …
Exor pays $845 million to settle dispute with Italy tax agency Read More »
