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Generali’s leadership challengers pledge higher growth, bigger M&A
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Inside China’s electric drive for swappable car batteries
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China expands crash search as second black box eludes
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FSI 2022 Predictions
West unites to back Ukraine and seek ‘ruinous cost’ for Putin
Date: March 24, 2022
By John Chalmers and Pavel Polityuk BRUSSELS/LVIV/MARIUPOL, Ukraine (Reuters) – Western leaders agreed on Wednesday to strengthen their forces on Europe’s eastern flank, increase military aid to Ukraine and tighten sanctions on Russia whose invasion and bombardment of its neighbour entered a second month. At an unprecedented triple summit, transatlantic alliance NATO, G7 rich nations...
U.S. making plans in case Russia uses chemical, nuclear weapons
Date: March 24, 2022
By Steve Holland WASHINGTON (Reuters) – The White House has set up a team of experts to plan how the United States could respond should Russia use weapons of mass destruction – chemical, biological or nuclear – during its invasion of Ukraine, senior administration officials said on Thursday. Russia has repeatedly raised the prospect of...
Second Unaoil conviction quashed in further blow to UK fraud office
Date: March 24, 2022
By Kirstin Ridley LONDON (Reuters) -A second man convicted in Britain over how oil contracts were secured in post-occupation Iraq has had his conviction overturned by a London court, further unravelling a blockbuster bribery case prosecuted by the UK Serious Fraud Office (SFO). Paul Bond, 69, received a three-and-a-half-year jail sentence last March after an...
Exor agrees increased sale price for PartnerRe by 328 million euros
Date: March 24, 2022
MILAN (Reuters) -Exor, the holding company of Italy’s Agnelli family, said on Thursday it had agreed to increase by $328 million the cash price it would receive for the planned sale of its PartnerRe reinsurer thanks to its solid performance last year. Exor last year signed an agreement to sell PartnerRe French insurance group Covea...
KKR still interested in TIM buyout, wants to discuss Open Fiber deal
Date: March 24, 2022
By Elvira Pollina MILAN (Reuters) -KKR remains interested in taking over Telecom Italia (TIM) and also wants to discuss the phone group’s own plans to combine its fixed line assets with those of state-backed rival Open Fiber, two sources said on Thursday. KKR submitted a non-binding 10.8 billion euro ($11.9 billion) takeover proposal for TIM...
Renault’s Russian partner Avtovaz says ready to take the wheel at Lada
Date: March 24, 2022
By Gilles Guillaume and Nick Carey PARIS (Reuters) – Renault’s Russian partner Avtovaz will go it alone to build Lada brand cars without foreign car parts, it said on Thursday as Russian authorities consider the future of the carmaker’s Moscow plant after it exits the country. Shares in the French carmaker were down 2% in...