Nestle plans to cut up to 500 IT jobs in Switzerland
ZURICH (Reuters) – Nestle (NESN.S) plans to eliminate up to 500 information technology jobs at its Swiss headquarters as its shifts work to countries including Spain, Portugal and Italy, the…
Shares fall on Italian turmoil, euro near 6-1/2 month lows
SYDNEY (Reuters) – Asian shares fell on Tuesday and the euro hovered near 6-1/2 month lows as early elections loomed in Italy, but a revival in diplomatic talks with North…
EU trade chief to meet U.S. peers Ross, Lighthizer in Paris on Wednesday
BRUSSELS (Reuters) – Europe’s top trade official Cecilia Malmstrom will meet U.S. counterparts Wilbur Ross and Robert Lighthizer in Paris on Wednesday, two days before a temporary reprieve from U.S.…
US and EU again at odds over Airbus subsidies at WTO
GENEVA (Reuters) – The European Union told the World Trade Organization’s dispute settlement body on Monday that it had acted within days of a WTO ruling to bring its funding…
Britain could sell 10 percent stake in RBS as soon as this week: Sky News
LONDON (Reuters) – Britain could sell a 10 percent stake in Royal Bank of Scotland (RBS.L) as soon as this week, Sky News reported on Monday, citing banking sources. FILE…
Germany grills Daimler boss over extent of Vito van emissions fix
BERLIN/FRANKFURT (Reuters) – Germany’s Transport Ministry quizzed Daimler (DAIGn.DE) Chief Executive Dieter Zetsche on Monday over how many Mercedes-Benz vans and cars need to be fixed after a regulator said…
EU makes it easier for companies to produce generic medicines for export
BRUSSELS (Reuters) – The European Commission on Monday proposed to change intellectual property rules to let pharmaceutical companies produce generic drugs for export to countries and regions where they are…
India steps up hunt for origin of mysterious brain-damaging virus
MUMBAI/KOCHI (Reuters) – India began a fresh round of tests to trace the origin of a rare brain-damaging virus that has killed 13 people, a health official said on Monday,…
French industrialist Serge Dassault dies at 93
PARIS (Reuters) – French billionaire industrialist Serge Dassault, whose group builds Rafale warplanes, died in Paris on Monday aged 93, a spokesman for Dassault Group said. FILE PHOTO: Serge Dassault,…
Oil falls as OPEC, Russia look to raise output amid U.S. surge
SINGAPORE (Reuters) – Oil prices fell on Monday, extending even steeper declines from Friday, as Saudi Arabia and Russia said they may increase supplies and as U.S. production gains show…