MILAN (Reuters) -Italy’s Eni is closely monitoring the security situation in Iraq, a spokesperson for the energy group said on Thursday after the United States decided to evacuate its embassy in the country. “Eni does not comment on ongoing international political dynamics, but, as always, it closely monitors the situation in terms of security, according …
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(Corrects attribution to comment in paragraph 6 to David Stepanek, chief transformation officer, not CEO Chris Bradshaw) By Anshuman Tripathy (Reuters) -British electric-aircraft developer Vertical Aerospace said on Thursday it has expanded its partnership with helicopter ride operator Bristow Group as it aims to bring air taxi services into commercial operation. U.S.-listed shares of Vertical …
Vertical Aerospace, Bristow expand partnership to accelerate commercial air taxi launch Read More »
By Susanna Twidale LONDON (Reuters) -Britain will invest 200 million pounds ($272 million) in the Acorn carbon capture and storage (CCS) project in Scotland, the government said on Thursday, fleshing out details of funding for the technology announced in a spending review on Wednesday. Britain has a climate target to reach net zero emissions by …
UK to invest 200 million pounds in Acorn carbon capture project in Scotland Read More »
By Davide Barbuscia NEW YORK (Reuters) -BlackRock said on Thursday it was aiming to grow its revenue to $35 billion and more by 2030, as the asset management giant expands its foothold in private markets. The New York-based firm, which reported revenue of $20 billion for 2024, will hold an investor day on Thursday that …
BlackRock aims to grow revenue to $35 billion and more by 2030 Read More »
By Nathan Vifflin and Leo Marchandon AMSTERDAM (Reuters) -BE Semiconductor Industries (Besi) raised its long-term financial targets ahead of its investor day on Thursday and said it expects to see the benefits of customers adopting its advanced chip stacking tools. The Dutch firm makes the world’s most accurate hybrid bonding tool, a critical chip technology …
Besi lifts long-term targets, expecting new AI customers Read More »
MILAN (Reuters) -More than half of the companies from Italy’s industrial heartland which export to the U.S. are studying countermeasures to tariffs, including establishing a bigger presence across the Atlantic, the Bank of Italy said on Thursday. Presenting a report on the northern region comprising Milan, the central bank said the U.S. accounted for 8.6% …
Italian firms in Lombardy strategize against US tariffs Read More »
LISBON (Reuters) -U.S. private equity fund Lone Star has decided to sell its 75% stake in Novo Banco to French banking group BPCE in a deal that would value Portugal’s fourth-largest lender at around 7 billion euros ($8.14 billion), Portuguese economic news outlet ECO said on Thursday. ECO said the “decision has been taken” and …
Lone Star to sell Portugal’s Novo Banco to French BPCE, report says Read More »
By David Milliken LONDON (Reuters) -British goods exports to the United States suffered a record fall in April after U.S. President Donald Trump imposed new tariffs, official figures showed on Thursday, pushing Britain’s goods trade deficit to its widest in more than three years. Britain exported 4.1 billion pounds ($5.6 billion) of goods to the …
British exports to US suffer record hit from Trump tariffs Read More »
By Giulio Piovaccari TURIN, Italy (Reuters) -Europe needs to develop smaller and cheaper vehicles in the style of Japan’s so-called ‘kei cars’, Stellantis Chairman John Elkann said on Thursday, as high prices, which he blamed on regulation in the region, weigh on consumer demand. Kei cars are urban vehicles traditionally sold in Japan with size …
Stellantis’ Elkann urges adoption of smaller, cheaper, Japanese-style ‘kei’ cars Read More »
PARIS (Reuters) -German utility RWE and tech giant Amazon announced a strategic framework agreement on Thursday, where the utility will provide clean power delivery and in exchange receive cloud services. The cloud services cover artificial intelligence and data analytics in exchange for electricity supplied from RWE’s wind and solar facilities, some of which are already …
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