(Reuters) -French life and health insurer AXA has agreed to buy a 51% stake in Italian direct insurance group Prima for 500 million euros ($571 million) as it seeks to strengthen its position in Italy’s motor business, it said on Friday. The company, headquartered in Milan, generated 1.25 billion euros of premiums in Italy last …
French insurer Axa to buy 51% stake in Italy’s Prima Read More »
By Aditya Soni and Kanchana Chakravarty (Reuters) -Amazon.com shares <AMZN.O> fell 7% on Friday as the tech giant’s results fanned investor fears its cloud unit was falling behind Microsoft and Alphabet in the artificial intelligence race. Amazon Web Services, long the cloud-computing market leader, edged past Wall Street estimates for June-quarter revenue on Thursday with …
Amazon tumbles after cloud computing growth disappoints investors Read More »
By Bartosz Dabrowski (Reuters) -Linde, the world’s largest industrial gases company, on Friday said it was planning to grow its commercial space business after posting quarterly earnings above market expectations. The U.S.-German company supplies industrial gases and infrastructure to over 80% of U.S. commercial space launches, its chief executive Sanjiv Lamba told analysts on a …
By Elena Fabrichnaya and Gleb Bryanski MOSCOW (Reuters) -The Russian rouble is expected to weaken to 100 against the U.S. dollar in the next 12 months, a 20% decline from its current level, according to a Reuters poll of 14 analysts on Friday, with potential new U.S. sanctions viewed as a major factor influencing the …
Russian rouble expected to weaken by 20% in next 12 months, poll shows Read More »
By Pietro Lombardi MADRID (Reuters) -The European Court of Justice on Friday dealt a blow to environmental groups trying to stop wind farms from being built in Spain’s northwestern Galicia region, in a ruling affecting billions of euros of investment. Companies developing wind farms in Galicia and regional authorities welcomed the decision, which is a …
EU court rules against environmentalists trying to block Spanish wind farms Read More »
LONDON (Reuters) -Liberty Global said Britain’s Virgin Media O2 – its joint venture with Telefonica – would still play a role in fibre consolidation after the Spanish company said a plan to spin off the network had been scrapped. “I do see us playing a role in altnet (alternative fibre networks) consolidation, which was one …
Liberty Global says Virgin Media O2 will still play role in consolidation Read More »
By Harshita Mary Varghese and Joel Jose (Reuters) -Apple’s best revenue growth in three years failed to impress, with shares down about 1% in volatile trading on Friday, as investors questioned whether a tariff-driven surge in iPhone sales would last. A rush to buy iPhones ahead of potential U.S. tariff-driven price increases, along with China …
Apple’s tariff-fueled iPhone sales surge raises doubts about sustainability Read More »
BRUSSELS (Reuters) -U.S. President Donald Trump’s recent executive order only sets out his so-called “reciprocal” tariff for the EU at 15% and does not apply to cars and other agreed carve-outs, EU officials said on Friday, adding they expect further more detailed orders to follow. EU exports of car and car parts to the U.S. …
EU waits for more Trump orders on sector tariffs like cars Read More »
By Elisa Anzolin, Mimosa Spencer and Dominique Patton PARIS/MILAN (Reuters) -L’Oreal and a growing number of European fashion and cosmetics companies are exploring use of an obscure, decades-old U.S. customs clause known as the “First Sale” rule as a potential way to soften the impact of U.S. President Donald Trump’s tariffs. While Trump and European …
EU brands turn to obscure customs clause to soften blow of Trump’s tariffs Read More »
By Ankur Banerjee SINGAPORE (Reuters) -Shares of European drugmakers slipped on Friday after U.S. President Donald Trump sent letters to major pharmaceutical firms to cut drug prices in the United States, months after signing a sweeping executive order aimed at lowering prices. The letters came as the latest setback for a sector that’s already grappling …
European drugmakers fall after Trump raises stakes over US drug price cuts Read More »
