SAO PAULO (Reuters) – Stellantis said on Friday it is buying a 70% controlling stake in Brazilian automotive services firm DPaschoal, in the automaker’s latest move to expand its presence in Latin America. Stellantis did not provide details of how much it paid for the stake. The carmaker, which had focused on selling auto parts …
Stellantis buys Brazil’s DPaschoal in another components push in Latam Read More »
BRUSSELS (Reuters) -The European Commission is seeking feedback from rivals and customers on concessions Apple offered to settle EU antitrust charges and stave off a possible hefty fine, it said on Friday, confirming an earlier Reuters report. The bloc’s regulator had charged Apple with restricting access to its tap-and-go mobile payment systems, based on the …
EU Commission seeks feedback on Apple offer to open up tap-and-go tech to rivals Read More »
AVRIEUX, France (Reuters) – French engine maker Safran said on Friday it had begun wind-tunnel tests for its “RISE” technology project, a radical jet engine design for the next generation of medium-haul jets. Safran and its partner GE Aerospace are testing the building blocks for an open-bladed jet engine able to reduce fuel use and …
Safran tests radical jet engine design in historic wind tunnel Read More »
BRUSSELS (Reuters) – The European Union on Friday imposed asset freezes and travel bans on six people it said were linked to Hamas, under a new sanctions regime targeting the Palestinian militant group. The EU already listed Hamas as a terrorist organisation but moved to create a legal framework focused on the group after its …
EU targets six people under new Hamas sanctions scheme Read More »
By Michael Holden LONDON (Reuters) – British police said on Friday they had set up a new unit to counter threats posed by China, Russia and Iran, saying they were very concerned about risks ahead of a national election expected this year. Assistant Commissioner Matt Jukes, Britain’s head of counter-terrorism policing, said the evidence and …
UK police to counter hostile state threats with new unit Read More »
CARACAS/MADRID (Reuters) -Spanish fashion company Inditex plans to resume activities in Venezuela, reopening under a franchise agreement a Zara store in Caracas in the first half of 2024 after a three-year hiatus, the company said on Friday. In 2021, Inditex, which also owns Bershka, Pull & Bear and other brands, closed all of the group’s …
Fashion giant Inditex to resume operations in Venezuela Read More »
By Jason Hovet (Reuters) – Slovak parliament chief Peter Pellegrini, leader of the second-biggest party in the government coalition, confirmed on Friday that he would run in a March presidential election. The vote will be a test for Slovakia’s leftist government led by four-time Prime Minister Robert Fico, who is facing protests over plans to …
Slovak parliament chief confirms presidential bid, facing ex-foreign minister Read More »
(Reuters) – Societe Generale is preparing to cut hundreds of jobs in its home market as part of Chief Executive Officer Slawomir Krupa’s effort to rein in costs, Bloomberg News reported on Friday. France’s third-biggest listed bank plans to announce the redundancies across its domestic operations in the coming weeks, the report said, citing people …
Societe Generale plans job cuts in France to trim costs- Bloomberg News Read More »
HAMBURG (Reuters) – Attacks on shipping in the Red Sea region have in past days led to a sharp rise in the number of grain cargoes being diverted around the Cape of Good Hope, rather than using the Suez Canal, grain traders and analysts said on Friday. Earlier this week, shipping sources had said they …
More grain ships divert from Red Sea after attacks Read More »
By Sruthi Shankar and Khushi Singh (Reuters) -British equities ended Friday mixed, as gains in non-life insurers stocks were offset by a sell-off in automobile and parts shares, while weaker-than-expected retail sales data further tempered expectations over the timeline for rate cuts. The FTSE 100 was flat, but marked its third weekly decline and the …
UK stocks log weekly losses, bleak retail sales data weighs Read More »
