(Reuters) -French supermarket group Auchan will sell 19 stores in its home market to Germany’s Lidl as it seeks to improve its financial position and avoid further job cuts, the two businesses said on Wednesday. Battered by a decline in customer traffic for over ten years, Auchan said last November that it would cut over …
By Nathan Vifflin and Ozan Ergenay AMSTERDAM (Reuters) -ASML, the world’s biggest supplier of computer chip-making equipment, warned on Wednesday that it may not achieve revenue growth in 2026 as chipmakers building factories in the U.S. await clarity on the potential impact of tariffs. Uncertainty in tariff talks has spurred chipmakers in the U.S. to …
ASML says it may not achieve 2026 growth as chipmakers face US tariff uncertainty Read More »
MOSCOW (Reuters) -Russian company A7, created by the defence sector-focused bank PSB to facilitate payments in Russia’s international trade, said on Wednesday that new EU sanctions will not disrupt its work and it will carry out all planned payments for its clients. The EU Council imposed sanctions on A7 on Tuesday, saying that the company …
EU-sanctioned Russian payments firm A7 tells clients not to worry Read More »
By Dominique Patton PARIS (Reuters) -Shares in Renault plunged as much as 18% on Wednesday after the French automaker surprised investors with a profit warning just a month after CEO Luca de Meo announced his departure. The company said late on Tuesday that June sales volumes were weaker than expected and it was now aiming …
Renault shares tumble on profit warning as interim CEO named Read More »
(Reuters) -Diageo CEO Debra Crew has stepped down and finance chief Nik Jhangiani has taken over in the interim, the company said on Wednesday, as the world’s biggest spirits maker strives to boost performance and cut debt. The maker of Johnnie Walker whisky and Guinness beer is in the midst of a turnaround plan, targeting …
Factbox-Key facts about Nik Jhangiani, Diageo’s new interim CEO Read More »
By Forrest Crellin (Reuters) -France’s EDF is weighing options to bring in capital to both its North American and Brazilian renewables businesses, a company spokesperson said on Wednesday, which could include stake sales of as much as 50%. The comments followed a report by Bloomberg News citing people familiar with the matter as saying the …
EDF weighs stake sales in North American, Brazilian renewables units Read More »
PARIS (Reuters) -France’s finance ministry said on Wednesday it was cutting the regulated interest rate on popular, tax-free savings accounts known as Livret A to 1.7% from 2.4 from August 1. French savers had over 600 billion euros ($696.6 billion) in Livret A accounts and a similarly regulated LDDS accounts at the beginning of the …
France cuts rate on popular Livret A savings accounts Read More »
By Maria Martinez BERLIN (Reuters) -U.S. President Donald Trump’s tariffs threaten the American economy at least as much the European one, German Finance Minister Lars Klingbeil said on Wednesday, calling for a “fair deal” with the Americans. “Trump’s tariffs have only losers,” Klingbeil said. The 30% tariff on European goods threatened by Trump would, if …
Trump tariffs threaten US economy as much as European one, says German Finance Minister Read More »
(Reuters) -European plane maker Airbus and U.S.-based Kratos Defense have partnered to supply combat drones to the German Air Force by 2029, Airbus said on Wednesday. Kratos’ rail-launched unmanned collaborative combat aircraft XQ-58A Valkyrie will be equipped with Airbus’ mission system, the European group said in a statement. (Reporting by Alessandro Parodi in Gdansk, editing …
Airbus partners with Kratos Defense to supply combat drones to Germany Read More »
By Andres Gonzalez and Pietro Lombardi MADRID (Reuters) -U.S.-based buyout fund Apollo Global Management is in talks with the lead shareholder of Atletico Madrid about a possible deal to invest in the Spanish top-flight side, two people familiar with the matter told Reuters. Spanish newspaper Expansion first reported the news on Wednesday. The club has …
Soccer-US fund Apollo in talks to invest in Atletico Madrid, sources say Read More »
