By Nora Eckert and Giulio Piovaccari DETROIT, Dec 4 (Reuters) – Stellantis CEO Antonio Filosa said on Thursday that the automaker is focusing on hybrid production in the U.S. market, a shift from his predecessor’s focus on fully-electric models. “We truly believe that hybrid is going to be one of the favorite powertrains in the …
Stellantis CEO says hybrids are a top priority for the US market Read More »
WASHINGTON, Dec 4 (Reuters) – The International Monetary Fund is analyzing Kyiv’s proposal to swap $2.6 billion in GDP-linked warrants for bonds, and is closely monitoring the response, IMF spokeswoman Julie Kozack said on Thursday. “As always, any debt restructuring agreement will be assessed in the context of ensuring debt sustainability, and of course, ensuring …
IMF is analyzing proposed terms of Ukraine’s warrant exchange offer Read More »
PARIS, Dec 4 (Reuters) – France risks losing control of social security spending if lawmakers do not back a welfare, health and pensions financing bill, Prime Minister Sebastien Lecornu said on Thursday. Lawmakers in the lower house of parliament are due to vote on the taxation part of the 2026 social security financing bill later …
French PM warns of ‘loss of control’ over social security spending Read More »
MILAN, Dec 4 (Reuters) – Versace’s creative director Dario Vitale is leaving the brand after only a few months in the role, the Italian fashion company said on Thursday. “We would like to sincerely thank Dario for his outstanding contribution to the development of the brand’s creative strategy during this transition period, and we wish …
Prada’s Versace parts ways with Chief Creative Officer Dario Vitale after short tenure Read More »
(Refiles to change Thursday to Wednesday in paragraph 3) LONDON, Dec 4 (Reuters) – Britain’s Thames Water on Thursday started to take the steps needed to book court dates and proceed with a recapitalisation plan led by senior lenders, as soon as they agree terms with the government on a deal. The company said it …
UK’s struggling Thames Water seeks to facilitate recapitalisation plan Read More »
By Francesca Landini and Giancarlo Navach MILAN, Dec 4 (Reuters) – Edison’s green investments will increase the Italian utility’s borrowing, its CEO told Reuters, adding that parent company EDF aims to sell a minority stake in the wholly-owned unit to avoid a rise in its own debt pile. The Italian utility said earlier on Thursday …
Edison CEO says group speeds up green investments, EDF eyes minority stake sale Read More »
Dec 4 (Reuters) – Trustpilot’s shares plunged more than 30% on Thursday after Grizzly Research disclosed a short position and accused the global review platform of creating fake profiles that gave negative reviews and then pressuring companies to pay for subscriptions. The short seller accused the review platform of running a “mafia-style extortion” scheme, claiming …
Review platform Trustpilot’s shares slump after Grizzly Research shorts stock Read More »
By Emilio Parodi MILAN, Dec 4 (Reuters) – Italian police have visited the headquarters of 13 high-end fashion firms, demanding documents on governance and supply-chain controls as part of an investigation into alleged exploitation of workers at subcontractors, judicial papers show. The brands that received the orders are Dolce & Gabbana, Versace, Prada, Adidas Italy, …
Italian police visit fashion firms including Gucci and Prada in labour abuse probe Read More »
MOSCOW, Dec 4 (Reuters) – Kazakhstan gold miner Solidcore Resources said on Thursday that it plans to buy back more than 30 million shares deposited in EuroClear at $2.57 per share, for a total value of $78,498,588. In a statement, it said the buyback, which will take place on December 19, would be denominated in …
Solidcore says it will buy back almost $80 million worth of shares from EuroClear Read More »
By Philip Blenkinsop BRUSSELS, Dec 4 (Reuters) – The European Commission proposed measures on Thursday to make the European Union’s capital markets more competitive by easing cross-border operations and giving broader oversight to the European Securities and Markets Authority. The 27-nation EU is struggling to compete economically with the United States, China and other rivals, …
EU presents plans to overcome investment hurdles hampering competitiveness Read More »
