EU industry chief warns of more onerous tech rules by year end
BRUSSELS (Reuters) – The European Union will decide by the end of the year whether to impose rules reining in the market power of U.S. tech giants, the bloc’s industry…
Thyssenkrupp shortlists buyout firms for elevator unit, Kone out
FRANKFURT/DUESSELDORF, Germany (Reuters) – Germany’s Thyssenkrupp (TKAG.DE) has shortlisted two private equity consortia in the sale of its 16 billion euro ($17 billion) elevator unit, dealing a blow to Finland’s…
Exclusive: Italian government leaning towards third term for Eni CEO – sources
ROME/MILAN (Reuters) – The Italian government is leaning toward reappointing Claudio Descalzi as CEO of state-controlled oil firm Eni, provided he will work with a new board to speed up…
French government to ensure Alstom-Bombardier deal creates value: minister
PARIS (Reuters) – The French government will make sure the acquisition of Bombardier’s train business by Alstom creates value for the European rail industry and the staff of both companies,…
Oil edges up as output cut hopes offset coronavirus concern
NEW YORK/LONDON (Reuters) – Oil prices inched up on Monday as concerns over the economic fallout from the coronavirus outbreak in China were offset by expectations that potential production cuts…
Euro zone ministers discuss fiscal boost options as virus worries weigh
BRUSSELS (Reuters) – Euro zone finance ministers discussed ways to pursue a more growth-friendly fiscal policy mix on Monday, in a potential nudge to Germany and the Netherlands to spend…
EU industry chief tells Facebook to adapt to EU, not other way round
BRUSSELS (Reuters) – EU industry commissioner Thierry Breton said on Monday it was for Facebook to adapt to Europe’s standards, not the other way round, as he criticized the U.S.…
Timeline: Bombardier’s journey from Ski-Doo maker to business jet maker
(Reuters) – Alstom SA on Monday agreed to buy Bombardier Inc’s train business for up to 6.2 billion euros ($6.7 billion), days after Airbus SE agreed to buy out Bombardier’s…
Alstom to buy Bombardier rail unit for up to $6.7 billion
PARIS/MONTREAL (Reuters) – France’s Alstom said on Monday it had agreed to buy the train division of Canada’s Bombardier for up to 6.2 billion euros ($6.7 billion), in the latest…
Apple unlikely to meet revenue guidance due to coronavirus impact
(Reuters) – Apple Inc (AAPL.O) said on Monday it would not meet its revenue guidance for the March quarter because of the coronavirus outbreak slowing iPhone production and weakening demand…