By Emilio Parodi MILAN (Reuters) -An Italian subsidiary of French luxury giant LVMH that makes Dior-branded handbags was placed under court administration on Monday, after a probe alleged it had sub-c[...]
Read more
June 11, 2024
Explainer-What will happen to Tesla CEO Elon Musk’s $56 billion pay package?
By Rachael Levy and Hyunjoo Jin (Reuters) – A Tesla shareholder vote on Thursday on whether to reinstate CEO Elon Musk’s $56 billion pay package that was shot down by a Delaware judge will[...]
Read more
Exclusive-Italian prosecutors probing supply chain of around a dozen fashion brands, says source
By Emilio Parodi LONDON (Reuters) -Prosecutors in Milan are investigating the supply chain of around a dozen more fashion brands, a person with knowledge of the matter said, after a unit of France[...]
Read more
Chinese automakers committed to Europe despite EV tariff probe, industry group says
BEIJING (Reuters) -Chinese automakers’ plans to invest in Europe won’t be deflected by the EU’s anti-subsidy probe into Chinese-made electric vehicles, a leading Chinese auto industr[...]
Read more
Boeing plane deliveries drop by half in May year-on-year
By Allison Lampert (Reuters) – Boeing said on Tuesday it delivered 24 commercial planes in May, about half of the 50 jets it handed over to customers during the same month a year earlier, as it[...]
Read more
Lufthansa unlikely to offer more concessions in ITA bid, sources say
By Foo Yun Chee, Ilona Wissenbach and Giuseppe Fonte BRUSSELS/FRANKFURT/ROME (Reuters) – Lufthansa is unlikely to offer more remedies to EU antitrust regulators scrutinising its bid for a stake[...]
Read more
Analysis-Apple’s AI push could reinvigorate iPhone sales as customers look to upgrade
By Jeffrey Dastin and Aditya Soni SAN FRANCISCO (Reuters) -Apple’s developer conference on Monday was about more than infusing its software with the latest artificial intelligence technology, in[...]
Read more
Exclusive-Paraguay soy exports pick up pace as prices bounce, data show
By Daniela Desantis and Lucinda Elliott ASUNCION (Reuters) – Paraguay’s exports of its soybean crop, delayed by low river levels and weak prices earlier in the year, are gaining momentum,[...]
Read more
World Bank board agrees to host climate ‘loss and damage’ fund
LONDON (Reuters) – The World Bank’s board approved a plan on Tuesday for the bank to act as interim host of a fund that will provide financial support to developing countries impacted by c[...]
Read more