Business

Image for UniCredit's German unit raided in VAT fraud probe, reports Bloomberg

Finance

UniCredit's German Unit Raided in Vat Fraud Probe, Reports Bloomberg

Image for Nvidia's business practices in EU antitrust spotlight, sources say

Finance

Nvidia's Business Practices in EU Antitrust Spotlight, Sources Say

Image for Oil set for weekly loss on surplus fears after OPEC+ cut extensions

Finance

Oil Set for Weekly Loss on Surplus Fears After Opec+ Cut Extensions

Image for Investors set to vote on Vivendi’s breakup gamble

Business

Investors Set to Vote on Vivendi’s Breakup Gamble

Image for Britain’s Guardian group agrees to sell Observer newspaper to Tortoise Media

Britain’s Guardian Group Agrees to Sell Observer Newspaper to Tortoise Media

Date: December 6, 2024

LONDON (Reuters) -Britain’s Guardian Media Group (GMG) and its owner the Scott Trust have agreed to sell The Observer, the world’s oldest Sunday newspaper, to startup Tortoise Media, the two groups said on Friday. The Scott Trust will also take a minority stake in Tortoise as part of the deal and a representative will join...

Image for Puig shares drop after withdrawal of some batches of Charlotte Tilbury spray

Puig Shares Drop After Withdrawal of Some Batches of Charlotte Tilbury Spray

Date: December 6, 2024

(Reuters) – Shares in Puig dropped sharply in early Friday trade after the luxury beauty and fashion company said its Charlotte Tilbury brand was voluntarily withdrawing select batches of its make-up setting spray. Puig, which listed in Madrid in May, said on Thursday the withdrawal was expected to impact performance of its makeup segment, but...

Image for Britain’s Frasers in bid to takeover Norway’s XXL ASA

Britain’s Frasers in Bid to Takeover Norway’s Xxl Asa

Date: December 6, 2024

LONDON (Reuters) -British sportswear and fashion group Frasers on Friday launched a bid to takeover Norwegian sporting goods retailer XXL ASA, saying it did not agree with the Oslo-listed company’s plan to issue more shares. Frasers, majority owned by Mike Ashley, said it was offering 10 NOK ($0.9044) a share for the equity it does...

Image for UK ‘will think carefully’ on retaliating if hit by Trump tariffs, business minister tells FT

UK ‘will Think Carefully’ on Retaliating if Hit by Trump Tariffs, Business Minister Tells Ft

Date: December 6, 2024

(Reuters) -Britain will think very carefully about retaliating if U.S. President-elect Donald Trump’s incoming administration hits the country with fresh tariffs, the country’s business and trade minister Jonathan Reynolds told the FT in an interview published on Friday. Trump has floated blanket tariffs of 10% 20% on virtually all imports when he returns to the...

Image for Amazon successfully tests using delivery drones in Italy

Amazon Successfully Tests Using Delivery Drones in Italy

Date: December 6, 2024

ROME (Reuters) – Amazon said on Thursday it had successfully completed an initial test of using delivery drones in Italy, the first European country where the e-commerce giant plans to introduce the service. The test was carried out on Wednesday in San Salvo, a town in the central Abruzzo region. “The company continues to work...

Image for Exclusive-Slim Jim maker Conagra exploring sale of Chef Boyardee, sources say

Exclusive-Slim Jim Maker Conagra Exploring Sale of Chef Boyardee, Sources Say

Date: December 6, 2024

By Abigail Summerville NEW YORK (Reuters) – Conagra Brands, the maker of Slim Jim beef jerky and Healthy Choice frozen meals, is looking to sell its popular canned pasta brand Chef Boyardee, according to people familiar with the matter. The Chicago, Illinois-based packaged food company tapped investment bank Centerview Partners to gauge interest in the...