By Giulio Piovaccari MILAN (Reuters) -Pirelli said on Tuesday it had sought alternative suppliers, increased stocks and shifted production since March to mitigate the impact of Russia’s invasion of Ukraine. Russia, where the Italian tyremaker operates …
EU’s Sefcovic says renegotiation of Northern Ireland Protocol is not an option
BRUSSELS (Reuters) – European Commission vice-president Maros Sefcovic said on Tuesday that renegotiating the protocol on Northern Ireland in the Brexit withdrawal agreement is not an option, following the traditional Queen’s speech in London. “The EU …
Italy sets course for ITA Airways sale by end of next month
By Giuseppe Fonte ROME (Reuters) – Italy’s government aims to sell state-owned ITA Airways, the successor to Alitalia, by the end of June after setting a deadline for binding offers of May 23, Economy Minister Daniele Franco said on Tuesday. Three pros…
Sri Lanka protesters call for new government a day after clashes kill eight
By Alasdair Pal and Uditha Jayasinghe COLOMBO (Reuters) -Protesters and a key trade group in Sri Lanka called for a new government to take control of the crisis-hit country on Tuesday as the president called for calm a day after clashes killed eight pe…
ECB should raise rates in July to curb inflation: Bundesbank chief
FRANKFURT (Reuters) – The European Central Bank should raise interest rates in July to stop high inflation from getting entrenched, Bundesbank chief Joachim Nagel said on Tuesday, joining an already long line of policymakers calling for quick rate move…
Airline SAS cuts summer flight schedule amid staff shortage -Dagens Industri daily
STOCKHOLM (Reuters) – Troubled airline SAS is cancelling 4,000 flights this summer due to a lack of staff and delayed aircraft deliveries, Swedish financial daily Dagens Industri reported on Tuesday. The group, which is struggling with weak demand and …
UK’s “WAGatha Christie” soccer wives libel trial kicks off
By Michael Holden LONDON (Reuters) – A libel trial pitting the wives of two former England soccer strikers Wayne Rooney and Jamie Vardy kicked off on Tuesday, a battle mixing glamour, amateur sleuthing and a sting operation which has gripped the media …
Mondelez plans to sell Trident, Dentyne among other brands
(Reuters) – Mondelez International Inc said on Tuesday it plans to sell its chewing gum business, including brands Trident and Dentyne, in developed markets, as well as its Halls cough drop brand, as the company focuses on chocolates and snacks. The Ca…
EU Commission working on proposal for joint borrowing to help finance Ukraine – sources
BRUSSELS (Reuters) -The European Commission is considering new joint debt issuance by the 27-nation bloc, two EU officials said, to cover Ukraine’s liquidity gap of 15 billion euros ($15.9 billion) over the next three months, though Germany is sceptica…
Prince Charles delivers Queen’s Speech for the first time
By Kate Holton and Paul Sandle LONDON (Reuters) -Britain’s heir-to-the-throne Prince Charles and Prince William took centre stage amid the pomp and pageantry of the opening of parliament on Tuesday, replacing the 96-year-old Queen Elizabeth who missed …