ROME (Reuters) -Gucci-owner Kering is in talks with a member of the Qatari royal family for the sale of a building in Milan’s top shopping avenue, Italian daily Corriere della Sera reported on Saturday. The deal could help the French luxury group cut its debt, which ballooned to more than 10 billion euros ($11.58 billion) …
Kering in talks with Qatar for sale of Milan building, Corriere says Read More »
(Reuters) -The 2023 financial statements and management report of German holding company Mutares are being audited by the federal financial authority BaFin which said on Friday it has evidence of accounting errors. Shares in the company were down around 14% by 0702 GMT, having risen 26.5% up to the previous session’s close this year. BaFin …
Mutares’ accounts being audited by German financial authority, shares fall Read More »
(Reuters) -French artificial intelligence startup Mistral is in talks with investors, venture capital firms and Abu Dhabi’s MGX to raise $1 billion at a valuation of $10 billion, the Financial Times reported on Friday, citing people familiar with the matter. The company launched in June Europe’s first AI reasoning model, which uses logical thinking to …
Mistral in talks with VC firms, MGX to raise funds at $10 billion valuation, FT reports Read More »
By Foo Yun Chee BRUSSELS (Reuters) -Brazil’s antitrust enforcer CADE has opened an investigation into Microsoft, days after Norwegian browser Opera complained about Microsoft’s Edge, according to a CADE statement published late Thursday on its website. Opera, in its complaint filed on Tuesday, alleged that Microsoft pre-installs Edge as the default browser across Windows devices …
Microsoft in Brazilian antitrust regulator’s crosshairs after Opera complaint Read More »
By Valentina Za and Balazs Koranyi MILAN (Reuters) -Banks across the European Union are strong enough to weather an economic shock driven by geopolitical and trade tensions, the European Banking Authority said on Friday as it presented the outcome of its latest health check of the sector. The EBA tested how 64 European banks, including …
EU banks can weather recession driven by global trade war, stress test shows Read More »
By Virginia Furness LONDON (Reuters) -Barclays has become the latest British lender to quit the Net Zero Banking Alliance, the bank said on Friday, arguing that the departure of several global lenders has left it no longer fit to support the bank’s green transition. Barclays’ decision to quit the foremost banking alliance focused on tackling …
Barclays latest British lender to quit climate banking alliance Read More »
By Foo Yun Chee BRUSSELS (Reuters) -Dutch technology investor Prosus is set to win EU antitrust approval for its 4.1 billion euro ($4.7 billion) bid for Just Eat Takeaway, after agreeing to sell down its stake in Delivery Hero, people with direct knowledge of the matter said. Amsterdam-headquartered Prosus, which is majority owned by South …
Exclusive-Prosus set to win EU nod for $4.74 billion Just Eat deal, sources say Read More »
LONDON (Reuters) -A bid to revive a 1.3 billion-pound ($1.7 billion) lawsuit against BT alleging the British telecoms company had overcharged millions of customers for fixed telephone lines was on Friday rejected by London’s Court of Appeal. The Competition Appeal Tribunal (CAT) ruled in favour of BT in December on a case which accused the …
UK court refuses permission to appeal in BT ‘overcharging’ lawsuit Read More »
MILAN (Reuters) -Italy’s antitrust regulator has fined fashion group Giorgio Armani and one of its units 3.5 million euros ($4 million) for alleged unfair commercial practices, it said on Friday. The Giorgio Armani group rejected the accusation and said it would appeal. The regulator said in a statement that the two companies “issued misleading ethical …
Italy antitrust fines Giorgio Armani 3.5 million euros for unfair commercial practices Read More »
By Sam Tobin LONDON (Reuters) -The United Kingdom’s top court on Friday overturned a landmark ruling on car finance commissions in a decision that is likely to ease fears among banks about a redress scheme some analysts had warned could run into the tens of billions of pounds. Car dealers who sold vehicles and arranged …
UK Supreme Court overturns ruling on motor finance commissions in win for banks Read More »
