WARSAW, Dec 2 (Reuters) – Brazil’s Embraer has signed cooperation deals in the aviation and defence sectors with five companies owned by Polish Armaments Group (PGZ), the Polish holding company said. Poland has been investing heavily in defence, citing what it says is a heightened threat from Russia, and plans to spend 4.8% of gross …
Embraer and Poland’s PGZ sign defence, aviation cooperation deals Read More »
By Diana Novak Jones Dec 2 (Reuters) – President Donald Trump’s administration urged the U.S. Supreme Court on Monday to take up Bayer’s bid to curtail thousands of lawsuits claiming its Roundup weedkiller causes cancer, pushing the group’s shares to their highest in almost two years. In a brief filed at the court, U.S. Solicitor …
Trump administration backs Bayer’s bid to curb Roundup lawsuits Read More »
STOCKHOLM, Dec 2 (Reuters) – British fashion designer Stella McCartney will produce a collection in collaboration with H&M, the Swedish budget fashion giant said on Tuesday. The collection will launch in H&M stores and online in the first half of 2026, it said in a statement. Stella McCartney and H&M have had one design collaboration …
H&M announces designer collaboration with Stella McCartney Read More »
By Gleb Bryanski and Elena Fabrichnaya MOSCOW, Dec 2 (Reuters) – The Russian rouble will be stronger than previously expected, which represents a challenge for the economy, with several major export-oriented mega projects potentially suffering losses, top Russian officials said on Tuesday. The rouble has rallied by over 46% since the start of the year …
Russian officials warn of challenges posed by strong rouble Read More »
By Elisa Anzolin MILAN, Dec 2 (Reuters) – Prada said on Tuesday it had completed the acquisition of smaller Italian rival Versace, a brand the luxury group said it had long coveted. Prada signed a definitive agreement in April to buy Versace from U.S.-based Capri Holdings for about 1.3 billion euros ($1.5 billion), after Capri’s …
After long courtship, Versace becomes part of Prada Read More »
STOCKHOLM, Dec 2 (Reuters) – Swedish apparel retailer H&M said on Tuesday it would launch a collaboration with fashion designer Stella McCartney. (Reporting by Anna Ringstrom, editing by Terje Solsvik)
LONDON, Dec 2 (Reuters) – Billionaire investor Cliff Asness’s AQR Capital Management started the final month of the year with positive returns in several funds, a person familiar with the matter said on Tuesday. The $179 billion hedge fund finished November 0.4% largely flat in its multi-strategy fund, Apex Strategy. It had generated a 16.2% …
Hedge fund AQR heads towards year-end with double digit returns, source says Read More »
By Tassilo Hummel and Juliette Jabkhiro PARIS, Dec 2 (Reuters) – Hermes heir Nicolas Puech has sued Bernard Arnault and his LVMH luxury conglomerate, among other parties, in a civil case related to Puech’s claim that he was deprived of Hermes shares now worth billions of euros, according to a filing of his lawsuit reviewed …
BERLIN, Dec 2 (Reuters) – German carmaker BMW aims to cut its CO2 equivalent emissions by at least 60 million metric tons by 2035 from 2019 levels, it said on Tuesday, setting new mid-term goals within the longer-term target of achieving net zero by 2050. The new goal, which applies to all drive variants across …
By David Milliken LONDON, Dec 2 (Reuters) – The Bank of England said on Tuesday that threats to Britain’s financial system had risen this year due to stretched valuations of companies investing in artificial intelligence, risky lending and bets with borrowed money in government bond markets. The comments in its half-yearly Financial Stability Report build …
Bank of England sees greater financial risks from AI and lending Read More »
