MILAN (Reuters) – The Benetton family and U.S. fund Blackstone secured a green light from the Italian government for their takeover offer for infrastructure group Atlantia, their vehicle Schema Alfa said on Thursday. “The Presidency of the Council of M…
Pandemic surge in gender violence met with ‘vanishingly small’ funds, says U.N.
(Reuters) – A “vanishingly small” proportion of COVID-19 funding went to tackling violence against women and girls that spiralled during the pandemic, a United Nations report https://www.unwomen.org/en/digital-library/publications/2022/06/government-re…
U.S. expected to send $450 million in security aid to Ukraine- officials
WASHINGTON (Reuters) – The United States is expected to provide an additional $450 million in security assistance to Ukraine, including more long-range rocket systems, two U.S. officials told Reuters on Thursday. Moscow’s forces are advancing in Ukrain…
Analysis-Asian demand, rising costs squeeze Europe’s LNG import plan
By Marwa Rashad LONDON (Reuters) – Europe’s plan to get through a winter of difficult Russian gas supply with significant imports of liquefied natural gas (LNG) is at risk, with U.S. supply curtailed by a key plant outage, rising demand in Asia and soa…
Germany triggers gas alarm stage, accuses Russia of ‘economic attack’
By Holger Hansen and Vera Eckert BERLIN (Reuters) – Germany triggered the “alarm stage” of its emergency gas plan on Thursday in response to falling Russian supplies but stopped short of allowing utilities to pass on soaring energy costs to customers i…
UK moves forward on approving defence firm Ultra’s purchase
By Shanima A and Sinchita Mitra (Reuters) -Britain on Thursday moved forward on approving the acquisition of London-listed defence firm Ultra Electronics by rival Cobham, owned by U.S. private equity firm Advent, after having raised security concerns o…
Deutsche Bank board takes small bonus cut over third-party messaging – sources
FRANKFURT (Reuters) – Deutsche Bank’s management board members are each taking a 75,000 euro ($78,795) cut in compensation to accept responsibility for employee use of third-party messaging applications at the lender, two people with knowledge of the m…
Decline and near fall of Italy’s Monte dei Paschi, the world’s oldest bank
By Valentina Za MILAN (Reuters) – State-owned Monte dei Paschi di Siena (MPS) on Thursday announced a 2.5 billion euro ($2.6 billion) cash call under new Chief Executive Luigi Lovaglio. Here is a timeline of key events in the recent history of MPS, who…
Saipem sees financial resources running out by Q1 2023 if capital hike fails
MILAN (Reuters) -Italy’s Saipem said on Thursday it would have financial resources available for less than one year if its plans to raise capital did not go through. The Italian energy services group on Wednesday launched a 2 billion-euro ($2.10 billio…
Ukraine becomes EU membership candidate as battle in east enters ‘fearsome climax’
By Pavel Polityuk and Vitalii Hnidyi KYIV (Reuters) – Ukraine became a candidate to join the European Union on Thursday, a bold geopolitical step triggered by Russia’s invasion that Kyiv and Brussels hailed as an “historic moment”. Starting on the long…