(Reuters) -The new chief executive of carmaker Stellantis has urged the European Union to show flexibility on the transition to electric vehicles in order to protect the auto industry. “A strategic dialogue is very important, but now it’s vital to act with urgency. There is no time for delays,” said Antonio Filosa, who became Stellantis …
New Stellantis CEO calls for EU to help support car sector Read More »
ATHENS (Reuters) -Greek Prime Minister Kyriakos Mitsotakis on Saturday announced generous income tax breaks to boost households with children, part of a tax reform worth 1.6 billion euros ($1.87 billion). The tax deductions, announced during his yearly speech on economic policy, come as his government seeks to halt a slide in popularity caused by a protracted …
Greek PM unveils tax breaks amid cost of living crisis Read More »
By Francesca Landini CERNOBBIO, Italy (Reuters) -Gas storage levels in Europe are “good”, Italian Energy Minister Gilberto Pichetto Fratin said on Saturday, adding that his own country was close to the 90% target set by the European Union. “We are relaxed about gas storage, certainly in Italy … the level is also good in Europe, …
Gas storage levels in Italy and Europe are good, Italian minister says Read More »
(Reuters) -British private equity firm Permira has put its contract drugmaker Cambrex up for sale, targeting a valuation of as much as $4 billion, the Financial Times reported on Saturday, citing people familiar with the matter. Cambrex has been a huge beneficiary of a push by global drugmakers to shore up their U.S. manufacturing capacity …
Permira seeks $4 billion for sale of contract drugmaker Cambrex, FT reports Read More »
CERNOBBIO, Italy (Reuters) -Italy could fail to meet carbon emission reduction targets agreed at the European Union level due to delays in key green transition areas, including renewable power generation and energy storage systems, a study showed on Saturday. The report, prepared by energy group Edison and think tank TEHA Group, pointed to Italy taking …
Italy could struggle to meet 2030 green goals, study shows Read More »
By Francesca Landini CERNOBBIO, Italy (Reuters) -Edison is ready to list back on the Milan bourse if that is the decision of its parent company, French utility EDF, the chief executive of the Italian energy group said on Saturday. Under the leadership of new CEO Bernard Fontana, state-owned EDF has started reviewing its portfolio of …
Italy’s Edison ready to list if EDF presses ahead with plan, CEO says Read More »
By Foo Yun Chee BRUSSELS (Reuters) -Alphabet’s Google was hit with a 2.95-billion-euro ($3.45 billion) European Union antitrust fine on Friday for anti-competitive practices in its lucrative adtech business, a sharp sanction that riled up U.S. President Donald Trump. The fine, the fourth penalty Google has faced in its decade-long fight with EU competition regulators, …
Google hit with $3.45 billion EU antitrust fine over adtech practices Read More »
(Reuters) -Balderton Capital, an early investor in London-based fintech firm Revolut, has sold shares worth hundreds of millions of dollars, the Financial Times reported on Friday. The European venture capital firm has offloaded about $1 billion in recent deals, the report said, citing a person familiar with the matter. Reuters could not immediately verify the …
Balderton Capital sells about $1 billion worth of Revolut shares, FT reports Read More »
MILAN (Reuters) -California-based VSP Vision, the owner of eyeglasses manufacturer Marchon, has agreed to buy Italian spectacles maker Marcolin from private equity firm PAI Partners, the two eyewear groups said on Friday. The two companies did not provide financial details on the transaction. The binding accord concludes a drawn-out sale process that has involved, at …
Marchon-owner VSP Vision buys maker of Tom Ford glasses Marcolin from PAI Read More »
BADEN, Switzerland (Reuters) -UBS CEO Sergio Ermotti said on Friday he did not plan to reduce the bank’s size amid pressure from Swiss regulators to boost its resilience following its emergency takeover of Credit Suisse. Ermotti told a business conference on Friday he was hopeful a “sensible solution” could be found on regulatory matters currently …
UBS CEO against reducing bank’s size in face of regulatory concerns Read More »
