ROME (Reuters) – Amazon said on Thursday it had successfully completed an initial test of using delivery drones in Italy, the first European country where the e-commerce giant plans to introduce the service. The test was carried out on Wednesday in San Salvo, a town in the central Abruzzo region. “The company continues to work …
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SAO PAULO (Reuters) – Brazilian labor prosecutors charged Volkswagen’s local unit with subjecting farm workers to conditions akin to slavery decades ago and are seeking 165 million reais ($27.5 million) in damages, they said on Thursday. Volkswagen do Brasil said in a statement it had not been formally notified of the charges yet. Volkswagen committed …
Brazil charges Volkswagen unit with treating farm workers like slaves decades ago Read More »
(Reuters) – Russian President Vladimir Putin appointed Alexander Khinshtein acting governor of southern Kursk region on Thursday, saying “crisis management” was needed in the area, which has been partly occupied by Ukrainian forces since August. Putin was shown in a clip posted on the Kremlin website offering the post to Khinshtein, a journalist and veteran …
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By Giuseppe Fonte and Valentina Za ROME (Reuters) – Italy has limited scope to intervene in UniCredit’s swoop for smaller rival Banco BPM through its “golden powers”, which some ministers see as a way to have leverage over the deal, people close to the matter told Reuters. So-called golden powers allow Italy’s government to block …
Italy’s ‘golden powers’ have limited sway over UniCredit’s BPM bid, sources say Read More »
(Reuters) -France’s Suez Group would help manage struggling British utilities firm Thames Water’s operations as part of a 5 billion pound ($6.37 billion) bid tendered by investor Covalis Capital for full ownership, the Financial Times reported on Thursday. Thames Water had asked potential investors to put forward indicative bids by the end of Thursday as …
France’s Suez Group to help manage Thames Water as part of Covalis bid, FT reports Read More »
(Reuters) – French polling giant Ipsos said on Thursday it had decided not to submit a binding offer for Kantar Media, days after saying it had begun talks over a possible deal. Ipsos confirmed on Monday it was in talks with Kantar for a potential acquisition of its TV ratings data business. “After careful review …
Ipsos says it will not make offer for Kantar Media Read More »
By Alexander Tanas CHISINAU (Reuters) -Moldova’s president on Thursday sacked Energy Minister Victor Parlicov and the prime minister called for two other senior energy officials to resign for failing to tackle an energy crisis in the small former Soviet republic. Prime Minister Dorin Recean also said he would ask parliament to impose a state of …
Moldova sacks energy minister over failure to tackle crisis Read More »
MADRID (Reuters) – Spain’s stock market supervisor CNMV will wait for the outcome of the competition watchdog’s review of BBVA’s hostile bid for Sabadell before deciding on the potential authorisation of the takeover prospectus, CNMV chief Rodrigo Buenaventura told reporters on Thursday. In November, the antitrust watchdog said that BBVA’s all-share offer for Sabadell, valued …
Spain’s CNMV will wait for antitrust review to decide on BBVA-Sabadell deal Read More »
By Paul Sandle LONDON (Reuters) – Britain’s decision to allow two of its four mobile networks to merge is the first big sign that regulators have taken on board the government’s wish for them to prioritise economic growth and infrastructure investment over lower consumer prices. The Competition and Markets Authority (CMA) antitrust regulator cleared the …
Analysis-Vodafone-Three merger approval marks UK antitrust shift Read More »
By Paul Sandle LONDON (Reuters) -Britain on Thursday approved Vodafone’s $19 billion merger with Hutchison’s Three UK to create the country’s biggest mobile operator after their investment promises outweighed concerns about higher customer bills. The Competition and Markets Authority (CMA) said the combined group’s network investment plan would drive competition in the long term, dropping …
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