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BERLIN (Reuters) -U.S. electric carmaker Tesla plans to raise production at its German plant for the rest of the year due to strong sales, the head of the Gruenheide factory told Germany’s DPA news agency on Sunday. “We currently have very good sales figures and have therefore revised our production plans for the third and …

Tesla’s German plant plans to lift production, factory boss tells DPA news agency Read More »

MILAN (Reuters) -European aerospace groups Leonardo, Thales and Airbus could sign an initial agreement to combine their satellite businesses as early as this year, the head of Airbus’ defence and space division said in an interview on Sunday, confirming an earlier Reuters report. Under “Project Bromo,” Leonardo, Thales and Airbus plan to set up a …

Airbus, Thales, Leonardo could sign first deal this year on satellite tie-up, Airbus executive says Read More »

By Jarrett Renshaw (Reuters) -The United Kingdom and the U.S. are preparing to sign a landmark technology agreement in the coming days as part of President Donald Trump’s visit to the UK, the British Embassy in Washington said on Saturday. This agreement aims to bolster collaboration between the two nations’ trillion-dollar tech sectors, enhancing opportunities …

UK, US to sign multibillion-dollar tech deal during Trump’s visit Read More »

KYIV (Reuters) -Ukrainian officials and a team from the U.S. International Development Finance Corporation will carry out site visits to identify investment projects as part of Kyiv’s minerals deal with Washington, Ukraine’s economy minister said on Saturday. Ukraine and the U.S. signed the deal, which had been heavily promoted by President Donald Trump, in April, …

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BERLIN (Reuters) -UniCredit CEO Andrea Orcel said the Italian lender may consider the sale of its stake in Germany’s Commerzbank to a bank outside the European Union if it received a good offer that shareholders wanted, a German newspaper reported on Saturday.  Over the last year, UniCredit has built a 26% equity stake in the …

Unicredit could sell Commerzbank stake to non-EU bank, CEO tells German paper Read More »

By Sergio Goncalves (Reuters) -Ratings agency Fitch on Friday upgraded Portugal’s rating to “A” from “A-“, citing sustained debt reduction, a balanced fiscal position and continued external deleveraging. The agency said Portugal’s public finances have improved due to steady primary surpluses and a consistent fiscal framework. Strong cash buffers and a predominantly fixed-rate debt profile …

Fitch lifts Portugal to ‘A’ on fiscal strength, external deleveraging Read More »