COPENHAGEN (Reuters) -The Norwegian government has begun exploring the sale of its remaining 6.26% stake in Norwegian Air, the airline said on Tuesday. The airline said in a statement that the ministry of trade, industry and fisheries was contemplating selling up to 65,582,436 shares in the company, equal to a stake of about 6.26%. “If …
Norway exploring sale of remaining stake in Norwegian Air Read More »
By Amy-Jo Crowley and Richa Naidu LONDON (Reuters) -Britain’s Reckitt is considering new options to advance a sale of its Essential Home business, home to Air Wick fresheners and Cillit Bang cleaners, after bids came in below expectations, two people with knowledge of the process said. The company still plans to pursue a sale, the …
Reckitt eyes new options to advance Air Wick unit sale, sources say Read More »
LONDON (Reuters) -Britain’s Serious Fraud Office (SFO) said on Tuesday it had launched an investigation into a company that sold a bond investment scheme linked to solar farms that led to an English council being effectively declared bankrupt in 2022. Between 2016 and 2020, Thurrock Council, a local authority in the eastern England county of …
UK launches probe into alleged solar fraud that brought down English council Read More »
MOSCOW (Reuters) -Russian steel billionaire Alexey Mordashov said that developing a homegrown alternative to the widely-used business software made by Germany’s SAP will require more time and money than anticipated but is a matter of survival. SAP, which became Europe’s largest company by market capitalization this year, makes software that helps businesses manage functions from …
Russian billionaire says replacement of SAP software is costly but essential Read More »
By Rajesh Kumar Singh, Shivansh Tiwary and Tim Hepher NEW DELHI (Reuters) -Global airlines wrapped up a two-day summit on Tuesday sticking to a target of net zero emissions by 2050, but voicing fresh worries about the availability of greener fuels and new planes. The International Air Transport Association, which represents about 350 airlines, said …
Airlines stick to net zero target despite green fuel doubts Read More »
By Foo Yun Chee BRUSSELS (Reuters) -Qwant has asked France’s antitrust regulator to take action against Microsoft for allegedly driving down the quality of the French search engine’s results via Microsoft’s Bing platform, people with direct knowledge of the matter said. Qwant, which has historically relied on Microsoft’s Bing platform, wants the regulator to take …
By Purvi Agarwal, Sanchayaita Roy and Pranav Kashyap (Reuters) -Europe’s benchmark stock index ended little changed on Tuesday, as investors ceded ground under the dual pressure of softening economic indicators and persistent global trade anxieties. The pan-European STOXX 600 closed flat at 548.42 points. Stocks in Germany rose 0.7%, while those in France gained 0.3%. …
European shares flat amidst inflation data, trade jitters Read More »
ROME (Reuters) -Italy’s market for new cars was flat in May, with sales down only marginally by 0.16% compared to the same month of last year, transport ministry data showed on Tuesday. In the previous two months, sales had increased after seven consecutive months of year-on-year declines. Total sales in May stood at 139.390 vehicles. …
(Reuters) -Britain’s blue-chip stocks index ended slightly higher on Tuesday, as defence stocks climbed after the government pledged heavy defence spending and heavyweight energy stocks tracked crude oil prices higher. The FTSE 100 closed up 0.2%, while the midcap index ended 0.1% lower. The aerospace and defence sub-index advanced 2.5% to an all-time high after …
UK’s FTSE 100 ends higher on energy, defence boost Read More »
By Ariane Luthi and Oliver Hirt ZURICH (Reuters) -The Swiss government is this week widely expected to propose tough new capital rules for UBS following the 2023 collapse of its rival Credit Suisse, ushering in a long battle in parliament over the closely watched regulations. UBS acquired Credit Suisse at a knock-down price in March …
Switzerland poised to pitch tough new capital rules for UBS Read More »
