MILAN (Reuters) -U.S. private equity group Carlyle Group is expected to clinch in the coming days an accord to sell Italian fashion brand Twinset to local investment firms Borletti Group and Quadrivio, two sources close to the matter said on Wednesday. Under the deal, the two investment firms will acquire the heavily indebted premium clothing …
Carlyle nears deal to sell Italian premium brand Twinset, sources say Read More »
By Stephen Nellis SAN FRANCISCO (Reuters) -Aeva Technologies, a firm founded by former Apple engineers that makes sensors used in factories and self-driving vehicles, on Wednesday said it had sold a 6% stake for $50 million to an unnamed strategic partner that will also handle some of its manufacturing in the future. Aeva’s lidar sensors help …
Aeva sells 6% stake and inks manufacturing deal, shares rise Read More »
By Foo Yun Chee BRUSSELS (Reuters) – Microsoft is set to stave off a possible hefty antitrust fine as EU regulators are likely to accept an offer on its Office and Teams products, three people familiar with the matter said on Wednesday, amid tensions with the United States over the EU’s scrutiny of Big Tech. …
By David Shepardson and Deborah Mary Sophia WASHINGTON (Reuters) – Alphabet’s Waymo is recalling more than 1,200 self-driving vehicles to update software and address risks of collisions with chains, gates and other roadway barriers after U.S. auto safety investigators opened a probe last year. The recall affects 1,212 Waymo vehicles operating on the company’s fifth-generation …
Waymo recalls 1,200 self-driving vehicles in US after minor collisions Read More »
(Reuters) – Sanofi plans to invest at least $20 billion in the United States through 2030 to boost manufacturing and research, joining other drugmakers in expanding their U.S. presence in response to President Donald Trump’s trade policies. The French drugmaker, one of the world’s largest vaccine makers and a leader in anti-inflammatory drugs, said on …
France’s Sanofi to invest at least $20 billion in US through 2030 Read More »
By Maggie Fick LONDON (Reuters) – U.S. President Donald Trump’s executive order on drug pricing threatens Roche’s planned $50 billion investment in the United States, the company said on Wednesday. Trump’s order, signed on Monday, directs drugmakers to lower prices of brand-name medicines to align with those in other wealthy nations. Analysts and legal experts …
Roche says Trump’s drug price order threatens its $50 billion US investment plans Read More »
LONDON (Reuters) -Bank of England interest rate-setter Catherine Mann said she voted to keep borrowing costs on hold last week – having sought a big 50-basis point cut in February – because Britain’s labour market had been more resilient than she expected. “The first observation is that the labour market has been more resilient. Now, …
Bank of England’s Mann says UK labour market more resilient than thought Read More »
(Reuters) -Italian tyremaker Pirelli said on Wednesday that talks to try to mend relations with its largest shareholder, China’s Sinochem, had ended without a breakthrough. Pirelli and its second largest shareholder, Italy’s Camfin, have said Sinochem’s shareholding was hindering the tyremaker’s ambitions to expand in the United States, where some lawmakers are opposed to approving …
Pirelli says talks over dispute with top shareholder end without a deal Read More »
MILAN (Reuters) – Italian power group Enel, defence company Leonardo and Ansaldo Energia have set up a company to study new-generation nuclear technologies, they said on Wednesday. Enel will hold a 51% stake in the company named Nuclitalia, with Ansaldo Energia owning 39% and Leonardo 10%. “Nuclitalia will be in charge of assessing the most …
Enel, Leonardo, Ansaldo Energia team up on nuclear power research Read More »
(Reuters) – France’s largest video game maker Ubisoft on Wednesday posted a 20.5% fall in full-year net bookings to 1.85 billion euros ($2.07 billion) due to delayed releases and the underperformance of some of its leading titles. For fiscal 2025-26, the maker of the blockbuster franchise “Assassin’s Creed” projected stable net bookings year-on-year. Net bookings …
France’s Ubisoft full-year net bookings fall 20.5% Read More »
