MONTREAL (Reuters) -Airbus on Friday named the head of its Canada operation, which oversees the A220 jet, to run its global supply chain. Benoit Schultz will become chief procurement officer from Oct 1, the planemaker said in a LinkedIn post. Reuters reported earlier this month that supply chief Juergen Westermeier had been appointed to run …
By John Revill ZURICH (Reuters) -The Swiss cabinet on Friday approved a deal struck in December with the European Union aimed at deepening bilateral economic ties and has now launched a domestic consultation process. Global geopolitical uncertainty made it a “strategic necessity” to maintain stable and predictable relations with the EU, Switzerland’s top trading partner, …
Swiss government backs agreement strengthening economic ties to EU Read More »
(Reuters) -London’s FTSE 100 retreated on Friday after closing at a record high in the previous session as Israel’s attacks on Iran ramped up geopolitical tensions, but gains in energy stocks limited declines. The blue-chip FTSE 100 closed down 0.4%, less than 1% away from an intraday record high. Israel launched strikes against Iran on …
FTSE 100 pulls back from record as Middle East tensions escalate Read More »
By Purvi Agarwal and Ragini Mathur (Reuters) -European shares closed lower on Friday as Israel’s wide-scale strike against Iran triggered a broad market selloff, with investors rushing to safe-haven assets amid an already uncertain trade environment. The pan-European STOXX 600 index fell 0.9%, briefly hitting its lowest level in three-weeks. The index also marked its …
European shares tumble as Israel-Iran conflict escalates Read More »
STOCKHOLM (Reuters) -Swedish pension fund AP7 said on Friday it has blacklisted and sold all its shares in U.S. electric vehicle maker Tesla, citing violations of union rights in the United States. “AP7 has decided to blacklist Tesla due to verified violations of labor rights in the United States,” the pension fund said in a …
Swedish pension fund AP7 blacklists Tesla, has sold entire stake Read More »
(Reuters) -AstraZeneca has signed an AI-led research agreement with China’s CSPC Pharmaceutical Group worth up to $5.3 billion, which would help the Anglo-Swedish drugmaker develop therapies for chronic conditions, it said on Friday. The deal marks the latest effort by AstraZeneca to revive its business in China, its second-biggest market, where it has faced several …
AstraZeneca signs AI research deal with China’s CSPC for chronic diseases Read More »
By Anandita Mehrotra (Reuters) -Canada’s Dundee Precious Metals will acquire UK-based Adriatic Metals in a cash-and-stock deal valued at $1.25 billion, the companies said on Friday, marking the latest in a string of foreign takeovers of UK firms. Shares of Adriatic Metals were up 1.2% at 244 pence after the announcement of the deal. The …
Canada’s Dundee Precious to buy UK’s Adriatic Metals in $1.25 billion deal Read More »
FRANKFURT (Reuters) -The contract of Thyssenkrupp CEO Miguel Lopez, who took over at the German conglomerate two years ago, is to be extended at the group’s supervisory board meeting next week, a person familiar with the matter said. Lopez, who took the helm on June 1, 2023, has overseen the listing of Thyssenkrupp’s hydrogen unit …
Thyssenkrupp CEO Lopez to get contract extension, source says Read More »
By Kate Abnett and Julia Payne BRUSSELS (Reuters) -European Union countries’ plans to expand nuclear energy will require 241 billion euros ($278 billion) in investments, and new funding instruments to make these huge costs less risky for private investors, the European Commission said on Friday. EU countries have set out plans to expand their nuclear …
EU’s nuclear energy plans require 241 billion euro investment, draft shows Read More »
By Richa Naidu LONDON/ABIDJAN (Reuters) -Unilever workers in Ivory Coast say the global consumer goods giant is violating their collective bargaining agreement in refusing to ensure severance pay if layoffs take place after the company sells its business there, documents show. British-based Unilever is selling all of its shares in its struggling Ivory Coast unit, …
