By Mark John LONDON (Reuters) -In their rush to retain Donald Trump’s support for NATO, the alliance’s European members have promised to more than double the amount of wealth they set aside for military spending. The snag is that most can ill-afford to spend 5% of output on defence – so while there will be …
Analysis-Europe placates Trump with NATO pledges it can ill afford Read More »
BRESCIA, Italy -Italian utility A2A and French tech firm Qarnot on Wednesday inaugurated a data centre in Italy that aims to capture waste heat from computer servers and channel it directly into a local heating grid. Located in the city of Brescia, in northern Italy, the facility uses liquid-cooling technology. “The rapid spread of data …
Italy’s A2A links warmth generated by data centre to district heating Read More »
ROME (Reuters) -New NATO targets for higher defence and security spending are affordable for Italy as they give countries “total flexibility” on how to reach them, Prime Minister Giorgia Meloni said on Wednesday. Speaking to reporters at the end of a NATO summit in the Netherlands, Meloni said “not a single euro” would be diverted …
‘Flexible’ NATO spending targets affordable for Italy, PM Meloni says Read More »
MILAN (Reuters) -Italian fashion brand Roberto Cavalli is assessing “strategic partnerships” as part of growth options, the company said on Tuesday, after Italian media reported that its owner was exploring a sale or opening up to an outside investor. “Cavalli is working to find the best path to growth, which includes exploring strategic partnerships. This …
Roberto Cavalli says it is considering ‘strategic partnerships’ Read More »
THE HAGUE (Reuters) -It is an aberration to ask Europeans to spend more on defence while launching a tariff war, French President Emmanuel Macron said on Wednesday, adding it was time to return to peace between NATO allies regarding trade. Speaking to reporters after a NATO summit in The Hague, Macron said Russia was the …
Aberration to ask Europe to spend more on defence amid trade war, Macron says Read More »
(Reuters) -Santander said on Wednesday it had agreed to sell seven branches in the Allentown, Pennsylvania area to U.S.-based Community Bank as the Spanish lender pivots towards becoming a digital-first bank in the United States. Santander launched Openbank in the U.S. market late last year with a high-yield savings account offering, and aims to have …
Santander to sell seven Pennsylvania branches to Community Bank Read More »
(Reuters) -British bicycle and car products retailer Halfords beat annual profit forecasts on Wednesday, helped by a drive to improve its supply chain, and said trading so far in its new financial year was in with its expectations. The company also said it expected pretax profit for the year through March 2026 to be weighted …
UK’s Halfords tops profit view, sees fiscal 2026 earnings skewed to second half Read More »
By Jesus Calero (Reuters) -Tesla’s new car sales in Europe fell 27.9% in May from a year earlier even as fully-electric vehicle sales in the region jumped 27.2%, with the U.S. EV maker’s revised Model Y yet to show signs of reviving the brand’s fortunes. Overall car sales in Europe rose 1.9%, with the strongest …
By Shadia Nasralla LONDON (Reuters) -BP has been the subject of takeover talks for several years due to its shares’ relative underperformance, but analysis of its disclosures shows the British energy firm may not be as cheap as its market valuation would indicate. BP says it has net debt of $27 billion – already more …
Devil’s in the details: Why BP’s debt may deter a buyer Read More »
LONDON (Reuters) -Burberry shares rose on Wednesday as brokerages turned relatively upbeat on the British luxury brand before its first quarter trading statement on July 18. Jefferies and HSBC both raised their target prices for the company’s shares before the results. “Q1 sales should confirm the brand’s newfound (relative) resilience,” Jefferies equity analyst James Grzinic …
Burberry shares rise as brokers forecast resilient results Read More »
