Germany must ensure equal ownership with France in the planned initial public offering of defense manufacturer KNDS, according to a senior German trade union figure, who warned that anything less could undermine national industrial interests. Jürgen Kerner, deputy head of Germany’s powerful......
Chinese investment in Brazil is undergoing a major transformation, shifting away from large-scale infrastructure projects toward consumer-focused industries such as food, retail, and services. A new wave of companies from China is increasingly targeting Brazil’s more than 200 million consumers,......
Kering, the French luxury conglomerate behind Gucci, Saint Laurent and Balenciaga, plans to appoint two new board members: Marie-Hélène Chenut, former Chanel executive, and Laurent Kleitman, Mandarin Oriental Hotel Group CEO. Bloomberg and The Business of Fashion reported Wednesday. [ from......
Norway’s sovereign wealth fund, Norges Bank Investment Management (NBIM), has announced its support for the re-election of Luigi Lovaglio as Chief Executive Officer of the Italian bank Monte dei Paschi di Siena. NBIM, one of the largest institutional investors in Europe, held a 2.87% stake in......
Italian banking group UniCredit S.p.A. is reportedly reconsidering its strategy in Russia and may opt to liquidate its local operations rather than proceed with a previously discussed sale, according to media reports citing unnamed sources. The bank, once among the major foreign lenders operating in......
Amazon disclosed for the first time that its artificial intelligence business has reached an annualized revenue of more than $15 billion within its cloud division, marking a key milestone in the company’s effort to monetize its heavy investments in AI infrastructure. The figure was revealed in......
Futures for Canada’s main stock index, the S&P/TSX, fell slightly on Thursday as investors assessed ongoing developments in the Middle East, while uncertainty over the Strait of Hormuz reopening drove oil prices higher. June TSX futures were down 0.13% as of 5:22 a.m. ET (9:22 a.m. GMT). Heightened......
Germany’s economy ministry has initiated an investment review of Klesch Group Ltd’s planned acquisition of BP’s (BP Plc) German oil refinery in Gelsenkirchen, according to reports from Spiegel. Confidential documents cited by Spiegel suggest that the nationality of Klesch Group owner......
A Kenyan court on Thursday dismissed a legal attempt to block Diageo’s $2.3 billion sale of its local subsidiary, East African Breweries Limited, to Japanese brewer Asahi Holdings. The London-listed company, known for brands such as Johnnie Walker whisky and Captain Morgan rum, announced the sale......
Portugal’s flagship airline, TAP Air Portugal, reported a 92% drop in its 2025 net profit due to a one-off fourth-quarter accounting charge, despite higher revenues from increased passenger numbers and improved operating margins. The airline’s net profit fell to €4.1 million ($4.78 million)......
Lidl GB, the British arm of the German discount supermarket chain Lidl, announced plans to open more than 50 new stores across the UK over the next year. The expansion is part of a £600 million ($803 million) investment aimed at increasing its market presence and modernizing store infrastructure. The......
Japanese convenience store operator Seven & i Holdings Co Ltd announced that it is postponing the planned public listing of its North American operations. The listing, originally expected in the second half of 2026, will now be deferred to the financial year starting April 2027 or later. A company......
Italian banking group UniCredit has highlighted potential risks linked to its planned expansion involving Commerzbank, warning that uncertainty surrounding a possible integration could lead to the loss of key staff and clients. UniCredit, which already holds a significant stake in the German lender,......
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