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ROME (Reuters) – STMicroelectronics on Monday pledged not to slash jobs in Italy, the country’s industry minister said, as the chipmaker moved to defuse a row that had included strong Italian criticism of its CEO. Minister Adolfo Urso hosted talks in Rome with representatives of the company and trade unions, aimed at avoiding mass layoffs …

Chipmaker STMicro tells Rome it will not slash jobs in Italy Read More »

By Francesca Landini and Valentina Za MILAN (Reuters) – Italiana Petroli’s founding family has agreed to sell the oil refiner to State Oil Company of Azerbaijan (SOCAR) in a deal that will hand the group control of one of Italy’s largest petrol station networks, two sources said. The deal was signed on Monday, the sources …

Exclusive-SOCAR agrees to buy oil refiner Italiana Petroli, sources say Read More »

LONDON (Reuters) -Britain and the United States will sign a deal to work together on boosting nuclear power during U.S. President Donald Trump’s state visit this week, the British government said, helping secure investment to fund new plants. Britain’s government has launched a major push to expand nuclear power in recent months, pledging to invest …

Britain and US to sign nuclear power pact during Trump’s visit Read More »

By Olena Harmash KYIV (Reuters) – Ukraine’s government has prepared a draft 2026 budget, aiming for a deficit of 18.4% of gross domestic product and allocating more funds for its defence efforts, Prime Minister Yulia Svyrydenko said on Monday. The 2026 budget draft envisages 2.8 trillion hryvnias ($67 billion) in revenues and about 4.8 trillion …

Ukraine plans 2026 budget with 18.4% deficit, PM says Read More »

By Tristan Veyet, Johann M Cherian and Nikhil Sharma , Reuters – European shares closed near a three-week high on Monday, with luxury and defence stocks boosting the main index ahead of key meetings at the U.S. Federal Reserve and other central banks. The pan-European STOXX 600 ended 0.42% higher at 557.16 points, led by …

European shares finish near three-week high, luxury shines; Fed’s next move awaited Read More »

By Johann M Cherian and Shashwat Chauhan (Reuters) – Google parent Alphabet hit a market capitalization of $3 trillion for the first time on Monday, riding on renewed optimism around artificial intelligence and a favorable antitrust ruling. Class A shares of the company were up 3.8% at $250, while Class C shares climbed 3.7% to …

Alphabet enters $3 trillion market cap club as Big Tech’s AI momentum builds Read More »

(Reuters) – London’s FTSE 100 index slipped on Monday, dragged down by heavyweight AstraZeneca and a stronger pound, as investors braced for a busy week of central bank meetings, including the Bank of England. The blue-chip FTSE 100 closed down 0.1%, while the midcap FTSE 250 index edged up 0.1% AstraZeneca fell 3.2% after Handelsbanken …

AstraZeneca drags FTSE 100 lower ahead of key central bank decisions Read More »