By Dominique Vidalon and Mathieu Rosemain PARIS (Reuters) – A trio of French businessmen readied on Thursday to make a new offer for debt-laden supermarket chain Casino after exclusive tie-up talks between Casino and smaller retail rival Teract collapsed. In a joint statement, telecoms billionaire Xavier Niel, investment banker Matthieu Pigasse and entrepreneur Moez-Alexandre Zouari…
By Shreyashi Sanyal and Bansari Mayur Kamdar (Reuters) -European shares were subdued on Thursday as rate-sensitive technology shares and consumer staples slipped on expectations of further interest rate hikes by major central banks, while a sharp slide in Vodafone shares weighed on the telecoms sector. The pan-European STOXX 600 index was flat, with the rate-sensitive…
By Inti Landauro MADRID (Reuters) – The Court of Justice of the European Union rejected on Thursday rules set by the city of Barcelona that dramatically restrict the number of cars working with ride-hailing apps such as Uber. Barcelona had introduced a series of rules intended to reduce the number of drivers of private cars…
By Nevzat Devranoglu and Ali Kucukgocmen ISTANBUL (Reuters) -A sharp selloff in Turkey’s lira slowed on Thursday, when it slipped only 0.8% compared with a 7.2% plunge the day before, as traders said it was nearing more “normal” levels ahead of the expected appointment of a new central bank governor. When the currency dropped on…
By Simon Jessop and Susanna Twidale LONDON (Reuters) – The world’s biggest asset manager BlackRock said it hopes to raise up to $7 billion for its fourth Global Renewable Power Fund as clients ramp up climate-friendly investments. The fund, focused on projects in Organisation for Economic Co-operation and Development countries, could invest across wind and…
By Jonathan Stempel NEW YORK (Reuters) – The former JPMorgan Chase & Co executive accused of shepherding the bank’s relationship with Jeffrey Epstein formally denied involvement in the disgraced financier’s sex trafficking, and blamed JPMorgan for keeping him as a client. In Wednesday night filings in Manhattan federal court, Jes Staley said his dealings with…
By Viktoriia Lakezina and Max Hunder KHERSON, Ukraine (Reuters) – Ukrainians abandoned inundated homes on Wednesday as floods crested across the south after the destruction of a huge hydroelectric dam on front lines between Russian and Ukrainian forces, with their presidents trading blame for the disaster. Residents slogged through flooded streets carrying children on their…
By Belén Carreño, Anthony Boadle and Michel Rose MADRID/BRASILIA/PARIS (Reuters) – Spain will appeal to President Emmanuel Macron’s ambition to make the European Union a “third pole” in world affairs in its bid to secure vital French backing for a stalled EU trade deal with South America, according to three senior government and diplomatic sources….
By Sarah Young LONDON (Reuters) -European low-cost airline Wizz Air is confident that strong bookings combined with a big investment in its operations to avoid last year’s summer travel snags plus its growing fleet will help it swing to a profit this year. For the 12 months to the end of next March, Hungary-based Wizz…
By Foo Yun Chee LUXEMBOURG (Reuters) – Amazon should not pay 250 million euros ($268 million)in back taxes to Luxembourg as ordered by EU competition enforcers, an adviser to Europe’s top court said on Thursday, as she cited errors in the EU regulator’s assessment. The European Commission in its 2017 decision said Amazon paid no…
