Business
Finance
Even in the Euro Zone, King Cash Is About to Lose Its Throne
Finance
Arm, Qualcomm to Make Closing Cases in Chip License Dispute Trial
Finance
Instant View: BoE Keeps Rates on Hold but Policymakers More Divided
Finance
Czech Arms Group Csg Plans to Boost Kinetic's Military Ammo Sales
EssilorLuxottica and Prada Extend Eyewear Licensing Agreement
Date: December 19, 2024
MILAN (Reuters) – Italy’s Prada and eyewear maker EssilorLuxottica said on Thursday they renewed the licensing agreement for the production and worldwide distribution of eyewear under the Prada, Prada Linea Rossa and Miu Miu brands. The existing deal, set to expire at the end of 2025, will be extended to end-2030, with the provision to...
Fortum to Buy Renewable Power Portfolio for $9.4 Million
Date: December 19, 2024
COPENHAGEN (Reuters) – Finland’s Fortum said on Thursday it had agreed to buy a project development portfolio for renewable power from Finnish energy company Enersense for around 9 million euros ($9.37 million). The portfolio includes 2.6 gigawatt (GW) of early-stage onshore wind development projects in Finland, Fortum said in a statement. It said it expects...
Covestro Shareholders Accept ADNOC’s Xrg Takeover Offer
Date: December 19, 2024
(Refiles to correct timing of Egypt JV in paragraph 10) By Yousef Saba DUBAI (Reuters) – XRG, the international investments arm of Abu Dhabi National Oil Company (ADNOC), said on Thursday it will become the new majority shareholder in Covestro after the German chemicals maker’s shareholders approved a takeover offer. Shares tendered and bought by...
Seeing Low-Income Consumers Squeezed, Retailers Target $10 and Under Gifts
Date: December 19, 2024
By Jessica DiNapoli NEW YORK (Reuters) - Retailers including Target and Walmart are stocking shelves with more toys and gifts such as Barbies that cost less than $10 this holiday season, a strategy...
Swedish Police Go on Board Yi Peng 3 Vessel at Invitation of China
Date: December 19, 2024
COPENHAGEN (Reuters) - Swedish police said on Thursday they had gone on board the Yi Peng 3 vessel off the coast of Denmark at the invitation of Chinese authorities. The Chinese bulk carrier is wanted...
Renewable Energy Produced Record 56% of Spain's Electricity in 2024
Date: December 19, 2024
MADRID (Reuters) - Renewable energy sources such as wind and solar accounted for a record 56% of Spain's electricity production in 2024, according to estimates by power grid operator Red Electrica,...