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Stellantis detects breach at third-party provider for North American customers

(Reuters) -Stellantis detected unauthorized access to a third-party service provider’s platform that supports its North American customer service operations, the company said in a statement on Sunday. The automaker said the incident, which is under investigation, exposed only basic contact information and did not involve financial details or sensitive personal data. Stellantis did not specify …

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France’s richest man, LVMH’s Arnault, slams proposed billionaire tax

PARIS (Reuters) -Bernard Arnault, the boss of luxury goods group LVMH and France’s richest man, has attacked a proposed 2% tax on billionaires as an assault on France’s economy and denounced the plan’s architect as a far-left ideologue. The tax, which would target wealth above 100 million euros ($117 million), has gained political traction in …

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Deutsche Bahn regional transport head to become CEO, sources say

BERLIN (Reuters) -Evelyn Palla, the board member in charge of regional transport at Deutsche Bahn, will become the German state-owned railway operator’s new CEO, two people familiar with the matter said on Saturday. The transport ministry and Deutsche Bahn declined to comment. Palla, who would become Deutsche Bahn’s first female CEO, joined the group in …

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New iPhone 17 unveiled in Moscow, as pre-orders jump despite slowing economy

MOSCOW (Reuters) -Russian resellers unveiled Apple’s new iPhone 17 in stores on Saturday, as major retailer Restore: reported a sharp rise in pre-ordering this year. Strong demand for Apple smartphones offers a sign that consumer demand for popular products has yet to falter in line with a wider economic slowdown in Russia. The country has …

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‘Canada will take a close look at the Teck-Anglo deal,’ finance minister says

By Divya Rajagopal TORONTO (Reuters) -The proposed $53 billion merger between Teck Resources and Anglo American is under review by Canada’s federal government, which must make sure it is in the net benefit of the country, Finance Minister Francois Philippe Champagne said on Saturday. “Canada will take a close look at the Teck-Anglo deal,” Champagne …

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Italy’s budget deficit could fall below 3% of GDP this year, Finance Minister says

ROME (Reuters) -Italy’s budget deficit could fall below the European Union’s ceiling of 3% of gross domestic product (GDP) this year, ahead of time, Economy Minister Giancarlo Giorgetti said on Saturday. The government pledged in April to cut the fiscal deficit to 3.3% of GDP this year, down from 3.4% in 2024, with a further …

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Novartis has stockpiles to withstand potential Trump tariffs, CEO says

ZURICH (Reuters) -Novartis has increased its stockpiles of pharmaceuticals in the United States and is well prepared should its products be hit by President Donald Trump’s tariffs, its chief executive said in an interview published on Saturday. Pharmaceuticals are currently exempt from the 39% tariffs Washington imposed on Switzerland last month, although the industry is …

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EasyJet says airport system issue not expected to impact its Saturday flights

LONDON (Reuters) – EasyJet said it does not expect a system issue affecting a small number of airports to impact its flight schedule for the rest of Saturday, after major European airports flagged delays due to a cyberattack. “We’re aware of an IT system issue affecting a small number of airports. While we are currently …

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Italy wins Fitch rating upgrade on fiscal performance, political stability under Meloni

By Giselda Vagnoni ROME (Reuters) -Italy won a clear rating boost on Friday when Fitch upgraded the creditworthiness of the euro zone’s third-largest economy reflecting the country’s political stability and improving public finances under the government of Giorgia Meloni. Fitch raised its Italy rating to ‘BBB+’ from ‘BBB’ and maintained its stable outlook, in line …

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EV maker Polestar recalls over 27,000 US vehicles due to rearview camera issue, NHTSA says

(Reuters) -Electric vehicle maker Polestar is recalling 27,816 cars in the United States due to a rearview camera issue, the U.S. National Highway Traffic Safety Administration said on Saturday. The NHTSA said the rearview camera image in certain Polestar 2 vehicles may not display when the car is placed in reverse, increasing the risk of …

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