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Operationalising ESG information – How financial services firms can get it right
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Prada CEO says no decision yet on dual listing in Milan -report
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Two-thirds of IAEA board backs Western statement pressuring Iran
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Bosch to build $215 million plant in central Mexico
In new era, Ray-Ban owner extends partnership with Armani
Date: September 14, 2022
MILAN (Reuters) – Eyewear maker EssilorLuxottica extended its partnership with Armani in a sign of continuity on Wednesday as it held its first capital markets day since the death of chairman and main shareholder Leonardo Del Vecchio in June. The owner of the Oakley and Ray-Ban sunglass brands extended its licensing deal with Giorgio Armani’s...
France caps energy price increase at 15% next year to shield consumers
Date: September 14, 2022
By Tassilo Hummel and Leigh Thomas PARIS (Reuters) -France will cap power and gas price increases for households at 15% next year, Prime Minister Elisabeth Borne said on Wednesday, to ease the pain of Europe’s worst energy crisis in decades on consumers. The caps will cost the state 16 billion euros ($16 billion) and prevent...
Air France cancels 55% of short, medium-haul flights Sept. 16 due to strike
Date: September 14, 2022
PARIS (Reuters) – A strike by French air traffic controllers will cause Air France to operate only 45% of its short and medium-haul flights on Friday, Sept. 16, the airline said on Wednesday. Air France also plans to operate 90% of its long-haul flights that day, the statement said. France’s DGAC aviation authority said on...
Kuehne raises Lufthansa stake to 17.5% as Germany sells remaining shares
Date: September 14, 2022
BERLIN/ZURICH (Reuters) -Logistics entrepreneur Klaus-Michael Kuehne has increased his stake in Lufthansa to 17.5%, Kuehne Holding said on Wednesday, after the German government sold all its remaining shares in the airline. “This underlines Kuehne Holding’s positive view of the company,” Kuehne Holding added in a statement to Reuters. The German government said on Tuesday it...
Zara owner Inditex’s first-half sales surge ahead of potential slowdown
Date: September 14, 2022
MADRID (Reuters) – Fashion brand Zara’s owner Inditex said on Wednesday that profit for the six months to July jumped by 41% and sales rose by around a quarter, putting it on a strong footing ahead of second half likely to see rampant inflation hitting demand for clothing. In the first set of results since...
Upset by high prices, GM’s Cruise develops its own chips for self-driving cars
Date: September 14, 2022
By Jane Lanhee Lee and Hyunjoo Jin SAN FRANCISCO (Reuters) – General Motors’ autonomous driving unit Cruise has developed its own chips for self-driving cars to be deployed by 2025, as they aim to bring down costs and scale up volume, executives said Tuesday. Cruise is taking a page out of Tesla’s playbook, switching from...