BERLIN, Dec 9 (Reuters) – Germany plans to begin production of an upgraded version of its Taurus cruise missile in 2029, according to a budget proposal seen by Reuters on Tuesday, which is expected to be approved by parliament next week. German forces currently have some 600 Taurus missiles with an official range of more …
Germany plans production of advanced Taurus missiles from 2029 Read More »
BUDAPEST, Dec 9 (Reuters) – East European countries’ public finances are likely to weaken next year, despite a moderate acceleration in economic growth due to rising debt levels and increased political polarisation, Fitch Ratings said on Tuesday. The European Commission projects Poland and Romania, central Europe’s biggest economies, will run budget deficits of more than …
East Europe faces weakening public finance prospects in 2026, Fitch says Read More »
LONDON, Dec 9 (Reuters) – Unilever is allocating about 1.5 billion euros ($1.74 billion) a year for mergers and acquisitions, focusing heavily on deals in the United States, CEO Fernando Fernandez said on Tuesday. The group finalised the demerger of its ice cream business as The Magnum Ice Cream Company listed in Amsterdam on Monday …
Unilever allocates $1.7 billion a year for M&A with US focus, says CEO Read More »
By Giuseppe Fonte ROME, Dec 9 (Reuters) – Italy has set tough terms on personal data protection to clear Chinese e-commerce giant JD.com’s takeover of German electronics retailer Ceconomy, a government decree seen by Reuters showed on Tuesday. Using its so-called “golden power” legislation, Italy reserves the right to block or impose conditions on domestic …
Dec 9 (Reuters) – Accenture and Anthropic on Tuesday announced an expansion of their partnership through a new business group where around 30,000 of the consulting giant’s employees will be trained on the AI startup’s Claude model. The tie-up reflects enterprise efforts across industries to upskill their workforce on artificial intelligence technologies, as companies look …
Accenture, Anthropic strike multi-year partnership to boost AI adoption Read More »
By Miranda Murray BERLIN, Dec 9 (Reuters) – BMW named 30-year company veteran Milan Nedeljkovic as its next CEO on Tuesday to replace long-time chief Oliver Zipse, as the German automaker bets on a new generation of electric cars to counter U.S. tariffs, Chinese competition and Tesla. The move, not unexpected with 61-year-old Zipse already …
BMW names veteran Nedeljkovic as CEO to tackle China, Tesla Read More »
Dec 9 (Reuters) – Shell is seeking a buyer for a 20% stake in its Brazilian oilfield cluster to help fund a multibillion-dollar offshore development, Bloomberg News reported, citing sources. Reuters could not immediately confirm the report. (Reporting by DhanushVignesh Babu in Bengaluru; Editing by Tasim Zahid)
By Christoph Steitz FRANKFURT, Dec 9 (Reuters) – U.S.-based activist investor Ananym Capital has taken a stake in German power equipment manufacturer Siemens Energy and is asking the group’s management to review its loss-making wind division, its co-founder said on Tuesday. According to Charlie Penner, a spin-off of the business, Siemens Gamesa, could raise returns …
Activist fund Ananym pushes Siemens Energy to spin off ailing wind division Read More »
Dec 9 (Reuters) – Critical Metals said on Tuesday it will form a joint venture with Romania-based FPCU to set up a facility in the European country to process the rare earth minerals from the U.S. firm’s Tanbreez mine. Shares of the company rose 4% in premarket trading. The company said it will supply 50% …
Critical Metals partners with Romania’s FPCU to set up rare earth processing plant Read More »
ZURICH, Dec 9 (Reuters) – Newly created Swiss insurer Helvetia Baloise plans to cut up to 2,600 jobs in the coming years to boost profitability, a person familiar with the matter told Reuters on Tuesday. Switzerland’s largest multi-line insurer, with a combined market cap of nearly 20 billion Swiss francs ($24.83 billion), aims to shed …
Swiss insurer Helvetia Baloise to cut up to 2,600 jobs following merger Read More »
