By Giulio Piovaccari MILAN (Reuters) -Ferrari revealed its new Amalfi coupe on Tuesday as the luxury sportscar maker mixes petrol and hybrid models in its range while preparing for the launch of its first fully electric vehicle. The eight-cylinder, 3.85-litre Amalfi replaces and upgrades the successful 2019 Roma in the entry segment of Ferrari’s range …
Ferrari unveils new ‘Amalfi’ petrol coupe ahead of EV launch Read More »
By Alan Baldwin LONDON (Reuters) -Silverstone circuit could stay on the Formula One calendar forever with no real rival to host the British Grand Prix, the sport’s chief executive Stefano Domenicali said on Tuesday ahead of this weekend’s race. The Italian told reporters he could not imagine a championship without Britain, home to seven of …
Motor racing-F1 talks up Silverstone’s ‘forever’ future before Starmer meeting Read More »
(Reuters) -Boeing on Tuesday named veteran insider Stephen Parker as the president and CEO of its defense and space unit, as part of a broad overhaul by CEO Kelly Ortberg to rebuild its reputation, boost production and stabilize finances. Parker, who has been with the U.S. planemaker for 37 years, was already the interim head …
Boeing taps veteran insider Parker to lead its defense and space unit Read More »
(Reuters) -Greek gaming firm Intralot said on Tuesday it would acquire Bally’s International Interactive business in a cash-and-stock deal, valuing the unit at 2.7 billion euros ($3.18 billion). The deal will expand Intralot’s presence in the UK online gaming market and strengthen its technology offerings by incorporating Bally’s digital and casino platforms. The deal, expected …
(Reuters) -Boeing is set to take over the non-Airbus portion of Spirit AeroSystems’ operations in Belfast, Northern Ireland, after attempts to find a buyer for the site fell through, a Spirit spokesperson said on Tuesday. In April, European planemaker Airbus finalized a deal to acquire several Spirit AeroSystems facilities tied to its aircraft programs. Under …
Boeing set to acquire Spirit’s Northern Ireland plant, spokesperson says Read More »
By Jacob Gronholt-Pedersen and Maggie Fick COPENHAGEN (Reuters) -Novo Nordisk’s top executives ignored internal warnings that the company was not sufficiently prepared for the launch of its weight-loss drug Wegovy, leaving the Danish drugmaker in a more vulnerable position when rival Eli Lilly entered the market, six former employees involved in the discussions told Reuters. …
How Novo Nordisk misread the US market for its weight loss sensation Read More »
By Laura Matthews NEW YORK (Reuters) -Overseas asset managers and pensions are adding protection against a weakening dollar, concerned about the U.S. currency’s diminishing ability to diversify their U.S. equity portfolios. Because such stock funds carry built-in dollar exposure, investors with other home currencies that had not neutralized the foreign exchange risk were cushioned when …
Analysis-Foreign investors increase dollar hedges on US stock portfolios Read More »
By Andrew MacAskill, Elizabeth Piper and Alistair Smout LONDON (Reuters) -British Prime Minister Keir Starmer won a vote on his welfare plans on Tuesday at significant political cost as he suffered the biggest parliamentary rebellion of his premiership and was forced to back down on key parts of the package. After his lawmakers pushed him …
Starmer wins vote on UK welfare reform but suffers damaging rebellion Read More »
LONDON (Reuters) -Euro zone manufacturing activity showed further signs of recovery in June as new orders stopped falling for the first time in more than three years, suggesting a tentative stabilisation in the bloc’s struggling factory sector, a survey showed. The HCOB Manufacturing Purchasing Managers’ Index, compiled by S&P Global, edged up to 49.5 in …
Euro zone factory orders stabilise for first time in 3 years, PMI shows Read More »
ROME (Reuters) -Stellantis may have to close factories due to the risk of hefty European Union fines for not complying with CO2 emission targets, the head of the Franco-Italian automaker for Europe said on Tuesday. European car manufacturers have to sell more electric vehicles to cut CO2 emissions or risk penalties as part of the …
Stellantis may close factories due to EU fines for carbon emissions Read More »
