By Emilio Parodi and Foo Yun Chee MILAN/BRUSSELS (Reuters) -European Union antitrust regulators have started inspecting a facility of luxury goods company Gucci as part of an EU investigation spanning several countries, Gucci’s French owner Kering said on Wednesday confirming a Reuters report. “The group is fully cooperating with the (European) Commission in the context…
NEW YORK (Reuters) – Tesla Inc short sellers have $2.16 billion in mark-to-market profits for April so far, but shorts remain down $5.52 billion for the year so far in mark-to-market losses, S3 Partners wrote in a note Wednesday. (Reporting by Caroline Valetkevitch; Editing by Chris Reese)
SHANGHAI/BERLIN (Reuters) -German automakers have turned up in full force at Shanghai’s Auto Show as they fight to stay on top of consumer trends in the country that will define whether they maintain their market dominance in the electric age both at home and abroad. Their heavy presence – with the entire board of Volkswagen…
LONDON (Reuters) – Credit Suisse has lodged a $440 million claim against Japan’s SoftBank Group Corp in London as it presses ahead with formal proceedings in a dispute borne from the failure of Greensill Capital, a finance firm. The Swiss lender is trying to recover client funds that Greensill had lent to Katerra, a SoftBank-backed…
By Tim Hepher PARIS (Reuters) -Airbus told shareholders on Wednesday that European nations on need to “get their act together” on strategic autonomy and said it stood ready to help shore up Europe’s shaky industrial cooperation on defence, but appealed for governments to back promises with factory orders. The chairman of Europe’s largest aerospace group,…
By Maiya Keidan TORONTO (Reuters) – Hedge fund bets against Canada’s TD Bank Group hit $6.1 billion on Wednesday, a 45% increase from 14 days ago, according to data provider ORTEX’s calculations, one day ahead of the Canadian lender’s annual general meeting. Analysts attributed the short bets to the TD’s planned acquisition of U.S. lender…
By Nafisa Eltahir and Khalid Abdelaziz KHARTOUM (Reuters) – The few hospitals still operating in Khartoum after Sudan’s sudden explosion into war have bodies lying unburied, bullets crashing through windows and terrified medics staying away as artillery pounds nearby. Doctors and hospital staff describe harrowing conditions with no water for cleaning, little electricity for life-saving…
JERUSALEM (Reuters) – Israel’s Foreign Minister Eli Cohen on Wednesday held out the prospect of a visit in the future to Saudi Arabia, and said at least one more Arab country would normalise ties with Israel this year. “This (visit to Saudi Arabia) is on the table, there is no date yet,” he said, speaking…
LONDON (Reuters) – Pope Francis has gifted fragments believed to be from the True Cross on which Jesus was crucified to form part of a new processional cross which will be used at the coronation of Britain’s King Charles next month. The new cross, made from recycled silver along with Welsh slate and reclaimed wood,…
WINTERTHUR, Switzerland (Reuters) -Swiss inflation may be low compared to other countries but is still too high, Swiss National Bank Vice Chairman Martin Schlegel said on Wednesday, hinting at possible further interest rates ahead. “It is clearly above the level we associate with price stability,” Schlegel told an event in Winterthur. “We cannot rule out…
