By Federico Maccioni and Alvise Armellini MILAN/ROME (Reuters) – Italy is experiencing a surge in rent prices, the country’s central bank said on Tuesday, against the backdrop of growing student protests over the rising cost of living in big cities. A combination of low salaries, a shortage of housing, the spread of short-term holiday rentals…
By Renee Maltezou and Angeliki Koutantou ATHENS (Reuters) – Greece’s two main opposition parties on Tuesday turned down mandates offered to them to form a coalition government, setting the stage for a second election in June after an inconclusive vote on May 21. Leftist Syriza leader Alexis Tsipras and Socialist PASOK head Nikos Androulakis handed…
By Andrew Mills DOHA (Reuters) -Standard Chartered CEO Bill Winters on Tuesday said the sale of Credit Suisse to UBS was “surprising” given the “unusual” terms of the deal, which prioritised shareholders over bondholders. “The conclusion was very surprising to me, in terms of the way that the bank was resolved through this very unusual…
By Foo Yun Chee LUXEMBOURG (Reuters) -EU competition regulators appealed to the bloc’s highest court on Tuesday to override a lower tribunal and make Apple pay a record 13 billion euros ($14.3 billion) in Irish back taxes. The case, which has far-reaching implications for corporate tax bills, is the most high-profile of EU antitrust chief…
CHICAGO (Reuters) – The judge who will decide if Amgen can go forward with its $27.8 billion purchase of Horizon Therapeutics on Tuesday said he was considering an evidentiary hearing on the matter in September. Judge John Kness said he would likely take about four weeks after the hearing ends to make a ruling. The…
By Clara Denina and Helen Reid LONDON (Reuters) – Mining firms lag far behind other sectors on female representation in top leadership, data released on Tuesday showed. S&P Global Commodity Insights’ figures highlight the industry’s struggle to improve gender equity, with women filling just 12.1% of the highest-ranking executive positions across more than 2,000 publicly-listed…
(Reuters) -Moscow said on Tuesday it had routed and killed scores of “Ukrainian nationalists” who crossed into Russia from Ukraine after two days of combat, in what appeared to be one of the biggest incursions of its kind of the 15-month-old war. There was no immediate independent confirmation that the fighting had ended, but the…
WASHINGTON (Reuters) – The United States called for the immediate release of detained Wall Street Journal reporter Evan Gershkovich on Tuesday after Russia’s security service sought to extend his detention. “He shouldn’t be detained at all. Journalism is not a crime. He needs to be released immediately,” White House national security spokesman John Kirby told…
By Andrew Mills and Tim Hepher (Reuters) – Boeing Chief Executive Dave Calhoun on Tuesday said it could take until the end of 2024 to iron out sector-wide supply chain problems that have hampered global jetliner production. “Priority one for the two airplane manufacturers is stability,” Calhoun told the Qatar Economic Forum, referring to Boeing…
By Gloria Dickie and Kate Abnett LONDON (Reuters) -Over 100 members of the U.S. Congress and European Parliament called on Tuesday for Sultan al-Jaber to be removed as the designated head of the upcoming COP28 climate talks, saying the oil exec’s appointment threatened the integrity of negotiations. Jaber, who heads the United Arab Emirates oil…
