By Oliver Hirt, Noele Illien and Michael Shields ZURICH (Reuters) – Francesco De Ferrari, the head of Credit Suisse’s wealth management business, is focused on growth markets, high net wor[...]
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Europe
Volkswagen’s $2 billion Trinity electric vehicle plant in doubt
By Jan Schwartz HAMBURG (Reuters) -Volkswagen Chief Executive Oliver Blume is reviewing whether to stick to a plan to build a new plant to assemble its Trinity electric vehicles (EV) or to use its exi[...]
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Macy’s profits from wealthy shoppers, Kohl’s feels inflation pinch
By Uday Sampath Kumar and Deborah Mary Sophia (Reuters) -Upscale U.S. retail chain Macy’s Inc raised its annual profit forecast on Thursday on resilient demand for high-end clothes and beauty pr[...]
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Thyssenkrupp 2023 sales to fall by less than 10% – CFO
FRANKFURT (Reuters) – Thyssenkrupp expects sales to fall by less than 10% in 2023, its chief financial officer told analysts on Thursday after presenting full-year results. “It won’t[...]
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Vivendi’s Cadoret quits TIM board for ‘personal reasons’
ROME (Reuters) -Frank Cadoret, one of two board members representing top investor Vivendi in Telecom Italia (TIM), resigned for “personal reasons”, the Italian group said on Thursday. The[...]
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Thyssenkrupp warns of bleak outlook as recession looms
By Christoph Steitz and Tom Käckenhoff FRANKFURT/ESSEN, Germany (Reuters) -German industrial group Thyssenkrupp on Thursday warned that sales and profit will “nosedive” next year as high i[...]
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Burberry’s London stores lose out as tourists head to tax-free Paris, Milan
By Paul Sandle and Sarah Young LONDON (Reuters) – London is losing out to Paris and Milan as a tourist destination for high-spending shoppers over the lack of a tax incentive, British luxury bra[...]
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Italy’s Enel to build solar pv cell & panel factory in U.S
MILAN (Reuters) – Italian utility Enel said on Thursday it would build a solar photovoltaic (PV) cell & panel manufacturing facility in the United States. The factory is expected to initiall[...]
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Factbox-What are FTX’s investors saying?
(Reuters) -FTX, formerly one of the world’s largest crypto exchanges, is seeking new funding after a rush of customer withdrawals left it on the brink of collapse. Regulators froze some assets o[...]
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