By Emilio Parodi MILAN (Reuters) – Italian prosecutors have wrapped up a probe into alleged tax evasion of 887.6 million euros ($937.93 million) by Facebook parent company Meta involving two executives of its Irish unit, the Milan prosecutor’s office said on Monday. Closing the investigation is the formal step before prosecutors file any requests for …
MILAN (Reuters) – Credit Agricole could raise its stake in Banco BPM in the next six months above the 15% threshold it will acquire through derivatives once it has supervisory approval, won’t seek control of the Italian bank or go above 19.99%, a filing showed on Monday. The document Credit Agricole filed with Italian market …
LONDON (Reuters) -Britain paused decisions on Syrian asylum claims on Monday, a government spokesperson said, after rebel forces seized the capital of Damascus over the weekend. “The Home Office has temporarily paused decisions on Syrian asylum claims whilst we assess the current situation,” a spokesperson from the interior ministry said in a statement. “We keep …
LISBON (Reuters) – The European Union needs common instruments to fund defence spending amid a protracted war in Ukraine and calls from Washington for NATO members to increase such expenditure, Portugal’s finance minister said on Monday. “All together we must find solutions, just as we did in the financial crisis, the sovereign debt crisis, during …
Portugal calls for joint EU funding for defence spending Read More »
By Ron Bousso LONDON (Reuters) – BP’s head of offshore wind Matthias Bausenwein is leaving the company, a spokesperson told Reuters on Monday, after the oil major announced it was spinning off its offshore wind operations into a joint venture with Japanese power firm JERA. Bausenwein joined BP from Danish renewables giant Orsted in August …
AMSTERDAM (Reuters) – The Netherlands is to phase out international adoption over the next six years, following a 2021 report that raised concerns about potential abuse. In the past 50 years, Dutch parents have adopted around 40,000 children from 80 countries. However, the practice has declined significantly in recent years, with only 50 adoptions from …
Netherlands to phase out international adoption over next six years Read More »
(Reuters) -Britain’s FTSE 100 climbed on Monday, boosted by energy and mining shares, as investors looked to this week’s domestic GDP data to gauge the Bank of England’s policy outlook. The blue-chip FTSE 100 rose 0.5%, while the midcap FTSE 250 was down 0.1% after hitting a seven week high earlier in the session. European …
Mining, energy stocks lift FTSE 100 on Chinese monetary easing stance Read More »
By Gianluca Lo Nostro, Leo Marchandon and Florence Loeve (Reuters) -Shareholders of French media conglomerate Vivendi approved on Monday the breakup backed by the Bollore family, aiming to spin off Canal+, Havas and Louis Hachette Group despite some market scepticism and opposition from minority shareholders. The motions received support from over 97% of the votes, …
Shareholders approve breakup of Bollore’s Vivendi media conglomerate Read More »
LONDON (Reuters) -British finance minister Rachel Reeves met euro zone counterparts for the first time on Monday, pushing for co-operation to boost growth without getting into the details on tricky issues that may hinder a reset in relations. Britain’s Labour government is pushing to reset ties with the EU after coming to power in July. …
Britain’s Reeves looks for growth boost from EU reset Read More »
BRUSSELS (Reuters) -Sixteen EU countries asked the European Commission on Monday to propose a new law in the coming months on taxing tobacco in the bloc to include new products such as electronic cigarettes – vapes – which are not covered under existing legislation. The initiative, led by the Netherlands, has the support of Croatia, the …
EU countries want vaping included in bloc’s tobacco tax law Read More »
