(Reuters) -Russian energy giant Gazprom said on Tuesday it was not technologically possible to switch gas transfers to Ukraine to a new entry point, as Ukraine’s gas system operator GTSOU was proposing. GTSOU earlier said it would declare force majeure…
French TV producer Banijay to go public via Arnault-backed blank-check company
By Mathieu Rosemain PARIS (Reuters) -French media group Banijay will go public through a merger with a blank-check acquisition firm backed by billionaire Bernard Arnault in a deal worth more than 4 billion euros ($4.21 billion), an executive at its par…
Pfizer to pay $11.6 billion for Biohaven to tap migraine market
By Manas Mishra and Michael Erman (Reuters) – Pfizer Inc said on Tuesday it will pay $11.6 billion to buy Biohaven Pharmaceutical Holding Co, making a big bet on its ability to boost sales of the top-selling pill in a new class of migraine drugs. The b…
Ferragamo CEO says wants turnaround to be quick
MILAN (Reuters) – The chief executive of Ferragamo, Marco Gobbetti, said on Tuesday the group’s turnaround would be quick as he outlined his strategy to revamp stores, lure younger customers and double sales in the medium-term. “This is not a plan wher…
Why are food prices going up? Key questions answered
CHICAGO (Reuters) – Why are food prices rising? Global food prices started to rise in mid-2020 when businesses shut down due to the COVID-19 pandemic, straining supply chains. Farmers dumped out milk and let fruits and vegetables rot due to a lack of a…
Swedish Match strikes record high on Philip Morris $16 billion takeover move
By Anna Ringstrom and Marie Mannes STOCKHOLM (Reuters) -Swedish Match shares leapt to a record high on Tuesday after Marlboro-maker Philip Morris International Inc said it was in talks to buy the Stockholm-based company in a bet on the fast-growing mar…
Frances’s Eiffage reports first quarter revenue up 10%
(Reuters) – French building and infrastructure group Eiffage on Tuesday posted a rise in quarterly revenues, with its concessions business showing a strong recovery from the impact of the pandemic. The company posted total quarterly revenues up 10% to …
Ukraine pushes Russian troops back in counter-offensive near Kharkiv
By Jonathan Landay KHARKIV, Ukraine (Reuters) -Ukraine said on Tuesday its forces had recaptured villages from Russian troops north and northeast of Kharkiv, pressing a counter-offensive that could signal a shift in the war’s momentum and jeopardise Ru…
Ferragamo CEO promises quick turnaround despite China hit
By Claudia Cristoferi and Silvia Aloisi MILAN (Reuters) -Salvatore Ferragamo’s CEO promised a quick turnaround for the Italian luxury group, vowing to increase investments, revamp stores and attract younger customers to double revenues to almost 2.3 bi…
U.S. oil settles below $100 a barrel on economic worries, strong dollar
By Arathy Somasekhar HOUSTON (Reuters) – U.S. crude oil price settled below $100 a barrel on Tuesday to its lowest level in two weeks as the demand outlook was pressured by coronavirus lockdowns in China and growing recession risks, while a strong doll…