By Maria Martinez BERLIN, Dec 5 (Reuters) – Germany’s fractious coalition government is set on Friday to pass a bill to raise pensions by around 185 billion euros over the next 15 years and let retirement-aged workers work tax free. Economists say the pension rises will make the system’s already shaky finances even less sustainable, …
Factbox-Key points of Germany’s bill to raise pensions Read More »
By John Revill and Oliver Hirt ZURICH, Dec 5 (Reuters) – Swiss Re shares dropped 7.5% on Friday after the world’s second-largest reinsurer announced a new profit target that fell short of market expectations. The Zurich-based company said it was aiming for group net income of $4.5 billion next year, up from an expected $4.4 …
Swiss Re stock slides after new profit target falls short of expectations Read More »
By Elvira Pollina MILAN, Dec 5 (Reuters) – Poste Italiane is weighing options to keep a big stake in Telecom Italia (TIM), including selling its broadband arm to the former phone monopoly in exchange for shares, three people with knowledge of the matter told Reuters. State-backed Poste, which runs mail, parcel, payments, energy and broadband …
By Eric Onstad LONDON, Dec 5 (Reuters) – Europe has finally taken major steps to build up its rare earths sector to counter Chinese dominance, but the region also needs to guard against being overwhelmed by the United States, the head of an EU-funded agency for key minerals said. Bernd Schaefer, CEO of EIT RawMaterials, …
Europe must guard against US dominance in rare earths, agency head says Read More »
By John Revill ZURICH, Dec 5 (Reuters) – Swiss companies plan to relocate some of their operations and production abroad to deal with the impact of U.S. tariffs, according to a study by business association economiesuisse. It surveyed more than 400 companies before and after Switzerland last month agreed a deal to reduce U.S. tariffs …
Swiss companies plan investment abroad to offset US tariffs, survey shows Read More »
PARIS, Dec 5 (Reuters) – Airbus delivered 72 planes in November to reach 657 so far this year, the European planemaker said on Friday. The figure, underscoring a weak November cited by Airbus CEO Guillaume Faury after an industrial glitch, means the world’s largest planemaker has to deliver a near-record 133 planes in December to …
Airbus confirms November deliveries dip after industrial glitch Read More »
By Tim Hepher PARIS, Dec 5 (Reuters) – Saab and Airbus are discussing co-operation on unmanned warplane technology, senior executives of the companies told Reuters, a move highlighting surging interest in drones and evolving alliances in Europe’s fractured defence industry. The project, revealed in separate CEO interviews at a European industry event this week, focuses …
Exclusive-Saab and Airbus co-operate on unmanned fighter technology Read More »
PRAGUE, Dec 5 (Reuters) – Czech billionaire Andrej Babis will become prime minister on December 9, after his populist ANO party won an October election. President Petr Pavel said he would appoint Babis after he cleared conflict-of-interest concerns by agreeing to shift his Agrofert business group to an independently governed trust. BABIS’ HOLDINGS Babis’ net …
Factbox-Incoming Czech PM Babis’ business empire spans chickens to fertility clinics Read More »
Dec 5 (Reuters) – Visa is relocating its European headquarters to London’s Canary Wharf financial district, the Canary Wharf Group said on Friday. The firm is leasing 300,000 square feet on a 15-year term at One Canada Square, and is set to relocate from Paddington in the summer of 2028, the group added. Canary Wharf …
Visa relocates European headquarters to London’s Canary Wharf Read More »
Dec 5 (Reuters) – Mayflower Acquisition Limited, an investment vehicle founded by billionaire investor Noam Gottesman and former Lehman Brothers executives Jeremy Isaacs and Roger Nagioff, raised $500 million in its London IPO on Friday. The acquisition vehicle said it had raised $494.75 million through the placing of ordinary shares at a price of $10.00 …
Ex-Lehman Brothers executive-backed Mayflower raises $500 million in London SPAC IPO Read More »
