By Sabine Siebold and Alexander Hübner BERLIN (Reuters) -France has told Germany it wants a workshare of some 80% in the joint Franco-German fighter jet FCAS, a defence industry source told Reuters, backing up a report by respected German defence publication Hartpunkt. The project, with an estimated volume of more than 100 billion euros, has …
Paris demands 80% workshare in Franco-German fighter jet, says source Read More »
(Reuters) -German carmaker Mercedes-Benz said on Monday its second-quarter unit sales of cars and vans fell 9%, citing the impact of tariffs. Deliveries fell to 547,100 cars and vans in the April-June period, while sales of battery electric vehicles dropped even more sharply by 18%, to 41,900 vehicles, the company said in a statement. Second-quarter …
Mercedes-Benz Q2 sales fall 9% impacted by tariffs Read More »
FRANKFURT (Reuters) -Deutsche Bank on Monday announced a reorganization of its wealth business in Germany, combining separate divisions to serve its wealthy and affluent clients. Deutsche, Germany’s largest bank, said the move would help the bank reduce management levels. (Reporting by Tom Sims, editing by Thomas Seythal)
(Reuters) -Britain’s Dunelm Group on Monday said Clodagh Moriarty, the chief retail and technology officer at British supermarket chain Sainsbury, will join the homeware retailer as its new CEO from October 1. Moriarty will succeed Nick Wilkinson, who announced his retirement from the top role in February after a seven-year stint. A retail veteran, Moriarty …
Dunelm names Sainsbury’s Clodagh Moriarty as new CEO Read More »
MILAN (Reuters) -Italy’s government will discuss a long-awaited measure to offer gas at reduced prices to energy-intensive companies by the end of this month, the country’s energy minister said on Monday. “We couldn’t start earlier because the discussion with the European Union was still open. We didn’t have the OK yet,” Energy Minister Gilberto Pichetto …
Italy to discuss gas measure for energy-intensive firms by month’s end Read More »
By Johann M Cherian (Reuters) -Sterling slipped on Monday in a lacklustre start to a week packed with economic data reports that could offer clues to the interest rate outlook, while globally investors watched the latest deadline on U.S. tariffs. Sterling slipped 0.3% and last fetched $1.3601 against the U.S. dollar, while the pound was …
Sterling slips with economic data, tariff uncertainty in focus Read More »
By America Hernandez PARIS -French engineering firm Fives Nordon has received an order from state-owned power utility EDF to build 300 pieces of boilermaking equipment for the country’s six new nuclear reactors, it said on Monday. After 18 months of engineering studies, parts construction will begin in 2027, with deliveries continuing through 2038, according to …
By Mateusz Rabiega (Reuters) -France’s Capgemini has agreed to buy technology outsourcing firm WNS for $3.3 billion in cash to expand the range of AI tools it offers for companies, the IT services group said on Monday. The deal equips Capgemini to create a consulting business service focused on helping companies improve their processes and …
Capgemini to buy outsourcing firm WNS for $3.3 billion in AI push Read More »
(Reuters) -Five Belgian banks – Argenta, Bank Van Breda, Beobank, Crelan and vdk bank – said on Monday that they were joining the European Payments Initiative and that they would roll out the EPI’s digital wallet Wero to their customers next year. WHY IT’S IMPORTANT: The EPI was set up by European banks in a …
Belgian banks join European Payments Initiative to expand Wero wallet across Europe Read More »
BERLIN (Reuters) -Investor sentiment in the euro zone improved more than expected in July to hit its highest level in more than three years, a survey showed on Monday, as the bloc’s economic recovery broadened. The Sentix index for the euro zone rose to 4.5 from 0.2 in June, beating the 1.1 forecast from analysts …
Euro zone investor morale hits three-year record as recovery broadens Read More »
