ATHENS (Reuters) -Greece and the United Arab Emirates (UAE) on Monday agreed to jointly fund investments worth 4 billion euros ($4.2 billion) in the Mediterranean country and explore further cooperation in the energy sector, the Greek prime minister’s …
Benettons change name of Atlantia bid vehicle after Genoa backlash
MILAN (Reuters) – Italy’s Benetton family will change the name of the investment vehicle bidding to take control of Italian infrastructure group Atlantia after protests on behalf of the victims of the 2018 Genoa bridge disaster. The Benettons have team…
Yellen to travel to Warsaw and Brussels ahead of G7 finance officials’ meeting
WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen will travel to Warsaw on May 14 and Brussels on May 16 ahead of the G7 finance ministers’ meeting that she will attend in Bonn, Germany on May 19 and 20, the Treasury Department said on Monday….
Lufthansa to buy seven Boeing passenger aircraft, 10 cargo planes
BERLIN (Reuters) – Germany’s Deutsche Lufthansa said it would buy seven Boeing 787-9 passenger aircraft and 10 cargo planes made by the U.S. planemaker. The 787-9 aircraft will fill capacity gaps created by the delayed delivery of the Boeing 777-9, ori…
UK’s Morrisons buys McColl’s convenience chain out of administration
LONDON (Reuters) – British supermarket group Morrisons has bought convenience store chain McColl’s out of administration, it said on Monday. Morrisons, which has a wholesale supply deal with McColl’s, said it will acquire all of it 1,160 stores which i…
France to return to growth in second quarter – INSEE
PARIS (Reuters) – France’s economy will escape from stagnation in the current quarter and eke out meagre growth, although inflation will continue to weigh on consumers, the INSEE official statistics agency forecast on Monday. The euro zone’s second-big…
Italy yet to decide whether to use veto powers in Atlantia bid – minister
ROME (Reuters) – Italy’s infrastructure minister said on Monday it was “too early to say” whether the Rome government would exercise its special veto powers in the takeover bid for Atlantia planned by the Benetton family and U.S. fund Blackstone. “We n…
Coty raises annual profit outlook on resilient luxury demand
By Praveen Paramasivam and Ananya Mariam Rajesh (Reuters) -Coty Inc raised its full-year profit forecast on Monday following resilient demand for its high-end fragrances and skincare products in the United States and Europe at a time when inflation has…
UK police end suspicious vehicle alert in Westminster
LONDON (Reuters) -British police on Monday said they were standing down an investigation into a suspicious vehicle in Westminster, having earlier carried out two controlled explosions near parliament and Prime Minister Boris Johnson’s office. (Reportin…
European stocks hit 2-month lows as travel, tech fall
By Shreyashi Sanyal and Sruthi Shankar (Reuters) -European shares hit two-month lows on Monday, led by sectors including travel and leisure and technology as a mix of worries over prolonged COVID-19 curbs in China and surging bond yields fuelled sellin…