By Jeff Mason and Philip Blenkinsop BRUSSELS (Reuters) -U.S. President Donald Trump backed away from his threat to impose 50% tariffs on imports from the European Union next month, restoring a July 9 deadline to allow for talks between Washington and the 27-nation bloc to produce a deal. European assets rallied on Monday. The euro …
Trump delays EU tariffs until July 9, European markets rally Read More »
(Reuters) -Casino has signed a partnership agreement with H&S Invest Holding to expand its presence to Morocco, the French food retailer said on Monday. It aims to open 210 Franprix and Monoprix convenience stores in Morocco by 2035, with the first stores to open in 2026. “By 2030, we aim to create more than 1,000 …
French retailer Casino to open first stores in Morocco in 2026 Read More »
FRANKFURT (Reuters) -The United States has a shared interest in finding a rapid solution to the dispute over trade tariffs, German Finance Minister Lars Klingbeil said on Sunday. After a period of de-escalation, Trump on Friday reignited tensions, by pushing for a 50% tariff on goods from the 27-nation European Union, starting on June 1. …
German finance minister says US also needs a swift tariff solution Read More »
MILAN (Reuters) -Italian tyre maker Pirelli is in a risky situation after its Chinese leading shareholder Sinochem rejected a proposal by the company to solve governance issues that could hinder its expansion in the United States, the group’s CEO told daily Corriere della Sera on Saturday. Pirelli and its second-largest shareholder, Italy’s Camfin, have said …
Pirelli in risky situation without a deal with Sinochem, CEO tells Corriere Read More »
By Philip Blenkinsop, David Lawder and Stephanie van den Berg BRUSSELS/BANFF, Canada/THE HAGUE (Reuters) -U.S. President Donald Trump threatened on Friday to ratchet up his trade war again, pushing for a 50% tariff on European Union goods starting June 1 and warning Apple he may slap a 25% levy on all imported iPhones bought by …
Trump threatens new tariffs on European Union and Apple, reigniting trade fears Read More »
(Reuters) -Fitch affirmed Ukraine’s long-term foreign currency sovereign credit rating at “Restricted Default” on Friday, as the war-torn nation continues to navigate diplomatic tensions and a significant erosion of its finances. Kyiv is undergoing extensive debt restructuring after more than three years of conflict with Russia, which has devastated the Ukrainian economy. In the first …
Fitch keeps Ukraine at ‘Restricted Default’ rating as funding efforts continue Read More »
(Reuters) -Credit ratings agency Moody’s on Friday upgraded its outlook on Italy to “positive”, in a boost to Prime Minister Giorgia Meloni’s efforts to tackle strains on the country’s finances and manage debt. Moody’s also maintained its “Baa3” rating on Italy and said its update in outlook from “stable” followed a “better-than-expected” fiscal performance last …
Moody’s lifts outlook on Italy to ‘positive’ as finances improve Read More »
By Dan Catchpole (Reuters) -About 3,000 striking workers at RTX’s Pratt & Whitney are slated to vote on a contract offer from the engine maker next week, the company and the union representing the workers announced on Friday, one day after negotiations resumed. The nearly three-week-long strike has significantly slowed production at two of the …
Striking workers at Pratt & Whitney to vote on revised contract offer Read More »
BERLIN (Reuters) -German sportswear maker Adidas said on Friday an unauthorised external party had obtained certain consumer data through a third-party customer service provider albeit not passwords or credit card data. “We immediately took steps to contain the incident and launched a comprehensive investigation, collaborating with leading information security experts,” the company said in a …
By Valentina Za MILAN (Reuters) -A wave of M&A activity is sweeping through Italy’s banking industry, creating a complex web of deals between some of the major players. Here is a summary of ongoing, or recently concluded, deals. 1. UNICREDIT’S OFFER FOR BANCO BPM UniCredit on November 25 announced an all-share offer to buy Banco …
Factbox-How many bank takeover bids are happening in Italy? Read More »
