By Elisa Anzolin VALVIGNA, Italy (Reuters) – Italy’s Prada is planning to spend 60 million euros ($66 million) on industrial capital investments this year, a large chunk of which will help double the size of its knitwear factory in Torgiano, in the central region of Umbria, the luxury group’s industrial director said on Thursday. Prada,…
By Gabriela Baczynska BRUSSELS (Reuters) – European Union lawmakers voted on Thursday to require member countries to host some of the refugees and migrants coming to the bloc at times of high arrivals, part of a fiercely contested reform due ahead of a 2024 pan-European election. The European Parliament adopted its position on the looming…
(Reuters) – Carmaker Stellantis is testing synthetic e-fuels, which are made with renewable energy, on 28 types of its internal combustion engines, a step it said on Thursday could help decarbonise its existing European fleet. The announcement comes just weeks after the European Union opened a legal route in its phase-out of carbon dioxide-emitting cars…
MOSCOW (Reuters) – The value of Russia’s exports fell 35% year-on-year in the first quarter of 2023, due in part to a Western price cap on some Russian oil products, Russia’s central bank said on Thursday. A fall in exports and a recovery in imports helped push the rouble this month to its weakest level…
PARIS (Reuters) – The global wine trade reached record-high value last year, supported by a sharp rise in prices, but the amount of wine sold fell due to weaker demand and logistical problems, an industry body said. The International Organisation for Vine and Wine (OIV) said on Thursday that global wine exports in 2022 stood…
MOSCOW (Reuters) -Inflationary risks in Russia must decrease in order to create room for interest rate cuts, Central Bank Governor Elvira Nabiullina said on Thursday, in hawkish comments a week before the bank next sets interest rates. The central bank has become more wary of inflation this year, warning of the risks of a widening…
PARIS (Reuters) -Euro zone inflation is too high and the European Central Bank’s monetary policy “still has a bit of way to go” to bring back inflation towards its 2% goal, ECB President Christine Lagarde said on Thursday. “Our monetary policy must obviously deploy all its tools to bring inflation to the 2% target in…
LONDON (Reuters) – Amazon plans to expand its business selling office supplies in Europe and internationally after the pandemic helped boost sales as companies shopped more online and looked for bulk discounts. Amazon Business’ gross sales in Europe grew at a compound annual rate of 25% from 2020 to 2022, vice president Alexandre Gagnon said…
By Ben Blanchard TAIPEI (Reuters) – Taiwan’s Starlux Airlines Co Ltd is pushing Airbus SE to speed up deliveries as it seeks to expand its routes beyond Asia to keep up with booming post-pandemic demand, the carrier’s chief executive said. Starlux, Taiwan’s newest full-service airline, launched its first flights in 2020 and serves destinations including…
By Yoruk Bahceli and Padraic Halpin DUBLIN (Reuters) -The vice chairman of big UBS shareholder BlackRock Philipp Hildebrand said on Thursday attention was now on how the bank positions itself going forward following its forced rescue of Credit Suisse last month. Speaking about broader banking turmoil that also saw two U.S. lenders collapse in March,…
