Reuters UK/EU

Swiss prosecutors seek $156 million from Trafigura in corruption trial

By Emma Farge GENEVA (Reuters) -Swiss prosecutors are seeking a total of over $156 million in penalties and compensation from Trafigura and a four-year jail sentence for former Chief Operating Officer Mike Wainwright at an ongoing corruption trial in Switzerland, a spokesperson for the Attorney General’s Office said on Monday. The case is the first …

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Italy’s Forgital awaits binding bids on Monday, Cinven and Stonepeak in the race, sources say

MILAN (Reuters) – Three private equity firms are left in the race to buy Italy’s Forgital, which manufactures forged components mainly for the aerospace sector, two sources close to the matter said on Monday. The binding offers are expected by the end of the business day on Monday, one of the sources added. Private equity …

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Sweden mulling social media age limit to stop gangs recruiting young people

By Johan Ahlander STOCKHOLM (Reuters) – Ministers in Sweden’s government are considering imposing age limits on social media platforms if tech companies find themselves unable to prevent gangs from recruiting young people online to carry out murders and bombings in the Nordics. A wave of gang crime has led to Sweden recording the most deadly …

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