Reuters UK/EU - Squid Business

Spain’s PM Sanchez says Europe needs orderly migration to remain open and prosperous

MADRID (Reuters) – Spain’s Prime Minister Pedro Sanchez said he had argued for Europe to remain open and prosperous instead of closed and poor in a European Council summit in which countries like Italy and Germany are seeking to tighten the bloc’s stance. Sanchez said in a news conference after the summit that he had …

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Triathlon-Two athletes die at World Championships in Spain

-Two athletes, one from Britain and the other from Mexico, died on Thursday on the first day of the Torremolinos-Andalucia Triathlon Championship Finals, both competing in the age-group sprint event, World Triathlon said. British Triathlon confirmed the death of one of its age-group team members, without revealing his identity or cause of death. The Mexican …

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Romania scrambles jets after drone breaches airspace

BUCHAREST (Reuters) – Romania scrambled four fighter jets on Thursday after a small flying object, likely a drone, breached national airspace up to 14 km inland in the southeastern county of Constanta, the defence ministry said. The European Union and NATO state, which shares a 650-km (400-mile) border with Ukraine, has had Russian drone fragments fall …

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Sanofi ‘surprised’ by PAI Partners’ raised bid for Opella unit

PARIS (Reuters) -French drugmaker Sanofi said on Thursday it was “surprised” by a renewed, higher offer for its consumer arm Opella from private equity firm PAI Partners, saying the move came after the bidding deadline for the business had passed. PAI is seeking to outbid U.S. rival Clayton Dubilier & Rice (CD&R) for a controlling …

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Killing of Hamas leader Sinwar dealt fatal blow to Hamas, France says

BRUSSELS (Reuters) – The killing of Yahya Sinwar by Israeli forces dealt a fatal blow to Hamas, France’s Foreign Minister Jean-Noel Barrot said on Thursday, adding that a page must now be turned to work towards peace in Gaza and the wider region. “It’s a fatal blow that has been struck on Hamas, a terrorist …

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PPG to lay off 1,800 employees in cost-cut drive, sell coatings unit

By Vallari Srivastava (Reuters) -PPG Industries will lay off 1,800 employees in the U.S. and Europe and close plants as part of a cost-reduction program, the paints and coatings maker said on Thursday. The program focused on reducing structural costs in Europe and in certain other global businesses, along with other corporate expenses following recent …

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Surge in Gaza violence increases famine risk, monitor says

By Lena Masri (Reuters) -The entire Gaza Strip remains at risk of famine and is experiencing emergency levels of hunger, with intense Israeli military operations adding to concerns and hampering humanitarian access, a global monitor said on Thursday. About 1.84 million people across the besieged Palestinian enclave are living through high levels of acute food …

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Cucinelli bucks gloomy industry trend with revenue rise

MILAN (Reuters) – Revenues at Brunello Cucinelli rose 12.7% at constant exchange rates in the first nine months of the year, driven by double digit growth in the Americas and in Asia, the Italian luxury group said on Thursday. As global demand for luxury goods slows, the Italian group keeps growing, helped by its focus …

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Families of Israeli hostages fear for captives after Sinwar killed

By Jonathan Saul and Maayan Lubell JERUSALEM (Reuters) – Families of Israeli hostages taken captive to Gaza by Islamist group Hamas fear their loved ones are in greater danger after Israeli troops killed the militant group’s leader, Yahya Sinwar. Israel’s military and the Shin Bet security service confirmed on Thursday that Sinwar, the architect of …

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Ray-Ban maker EssilorLuxottica misses sales expectations as China slows

By Alban Kacher and Pauline Foret (Reuters) -Franco-Italian eyewear maker EssilorLuxottica missed third quarter revenue expectations on Thursday, dented by a slowdown in consumer spending in China. Group revenue for the three months ended Sept. 30 came in at 6.44 billion euros ($6.97 billion), below analysts’ forecasts of 6.58 billion euros, according to a Visible …

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