By Norihiko Shirouzu (Reuters) -Renault SA, Nissan Motor Co and Mitsubishi Motors Corp plan to triple their investment to jointly develop electric vehicles (EVs), two people with knowledge of the plan told Reuters. As established automakers face pressure from new competitors and an expected shift in demand toward EVs, the French-Japanese alliance is seeking to…
(Reuters) – U.S. department store chain Kohl’s Corp has been approached by private equity firm Sycamore Partners about a potential takeover offer, Bloomberg News reported on Sunday, citing people familiar with the matter. It is unclear how much Sycamore is willing to pay for the company, Bloomberg said. The potential takeover bid comes when Kohl’s…
By Svea Herbst-Bayliss (Reuters) – Trian Partners, Nelson Peltz’s activist hedge fund, has built a stake in Unilever Plc, ratcheting up the pressure on the consumer goods maker, a person familiar with the matter told Reuters on Sunday. Trian and Unilever declined to comment. The Financial Times, which earlier reported the development, said that the…
BERLIN (Reuters) – The drivers of inflation in the euro zone will subside over the course of the year and inflation will hover around the European Central Bank’s price stability target of 2% in the next two years, Finnish central bank chief Olli Rehn was quoted as saying on Sunday. In a pre-released interview with…
By Norihiko Shirouzu (Reuters) – Renault SA, Nissan Motor Co and Mitsubishi Motors Corp plan to triple their investment to jointly develop electric vehicles (EVs), two people with knowledge of the plan told Reuters. As established automakers face pressure from new competitors and an expected shift in demand toward EVs, the French-Japanese alliance is seeking…
VIENNA (Reuters) – There is “a great deal of uncertainty” over how long inflation will remain well above the European Central Bank’s target of around 2%, ECB Governing Council member Robert Holzmann said in an interview with newspaper Die Presse published on Sunday. The ECB has long held the view that inflation will decline this…
By Mathieu Rosemain PARIS (Reuters) -Orange, France’s biggest telecoms operator, is on course to name Christel Heydemann as its new chief executive, making her the first woman to lead the former monopoly amid a revamp of its governance, two sources said on Sunday. Few women hold top executive roles at France’s biggest listed companies. Heydemann…
BERLIN/ROME (Reuters) – Germany’s flagship carrier Lufthansa is in talks to buy a 40% stake in state-owned Alitalia’s successor ITA Airways, two people familiar with the negotiations said on Sunday, following a newspaper report that a deal could be unveiled next week. The talks about a tie-up between Germany’s partly state-owned Lufthansa and ITA Airways…
BEIRUT (Reuters) – Lebanon is suffering an economic meltdown that began in 2019 when the financial system collapsed under colossal state debts and the unsustainable way they were funded, while politicians have yet to come up with a rescue plan. Just how bad is the situation? – Gross domestic product has plunged to an estimated…
By Edmund Blair (Reuters) – Lebanon is grappling with a deep economic crisis after successive governments piled up debt following the 1975-1990 civil war with little to show for their spending binge. Banks, central to the service-oriented economy, are paralysed. Savers have been locked out of dollar accounts or told that funds they can access…
