Business
Generali enlists advisers for Mediobanca’s $7.1 billion bid for Banca Generali
Italy's top insurer Generali appointed on Thursday Deloitte Financial Advisory and law firm Advant Ntcm as advisers for the bid launched by merchant bank Mediobanca for the private bank Banca Generali. Mediobanca unveiled a plan to acquire Banca Generali, in...
Adidas, Puma expected to hike sportswear prices following Nike as US tariffs hit
Adidas and Puma are likely to hike prices for running shoes and sportswear in the United States, following Nike's lead, analysts and investors said on Thursday, as U.S. tariffs on imports drive costs up for retailers. Nike on Wednesday said...
EU asks 44 oil and gas producers to provide new CO2 storage solutions
The European Commission said on Thursday it had asked 44 oil and gas companies to contribute to the EU's collective target of storing at least 50 million tonnes of CO2 per year by 2030, as part of the bloc's aim...
Global bond markets signal governments must pay more to borrow long-term
From ho-hum debt auctions to plunging long-term bond prices, investors are sending a clear message to governments that in the current climate of uncertainty they need to pay more to borrow for decades ahead. Yields of government bonds with the...
TotalEnergies starts its largest European solar project
French oil major TotalEnergies has started up a cluster of five solar projects in Seville, Spain, in what will be the company's largest solar project in Europe, it said on Thursday. It cements Total's role as Spain's fourth-largest provider of...
Italy fully supports EU efforts to stop Russian gas imports by 2027
Italy fully supports European Union efforts to stop Russian gas imports into the bloc by 2027, the country's energy minister told reporters on Thursday, adding any decisions by Rome to boost LNG imports from the U.S. were up to private...
China’s BYD outsells Tesla in Europe for first time, report says
Chinese automaker BYD sold more electric vehicles in Europe than Tesla for the first time, according to a report by JATO Dynamics, as an aging model lineup and CEO Elon Musk's politics hurt demand for the U.S. EV maker's cars....
IMF urges sustained French budget squeeze to rein in deficit
France needs to make a new and sustained push to rein in its budget deficit and get its rising debt under control, the International Monetary Fund said on Thursday in an annual review of the French economy. The French government...
Fibre demand and cost savings shore up earnings for UK’s BT
BT, Britain's biggest mobile and broadband provider, said strong demand for fibre broadband and more than 900 million pounds of costs savings helped shore up its full-year earnings and boost cash flow. The company has invested in a fibre network...
German business sentiment brightens in May, Ifo survey finds
German business morale improved slightly more than expected in May, a survey showed on Thursday, with companies less gloomy about their future prospects. The Ifo institute said its business climate index rose to 87.5 in May from 86.9 in April....
© 2024 SEMG.