By Dominique Vidalon PARIS (Reuters) -Europe’s largest food retailer Carrefour on Wednesday raised its cash flow target for this year as sales growth accelerated in the third quarter, especially in the firm’s core French market. Carrefour’s closely wat…
Italian auto groups view 8.4% pay hike request as too high, union says
MILAN (Reuters) – Four auto groups believe pay increase requests proposed by Italian unions, including a 8.4% annual rise for next year, is too high, the UILM union said on Wednesday as talks got underway. This month, unions presented their proposal to…
EU energy chief says gas price cap possible this winter if countries agree
By Kate Abnett BRUSSELS (Reuters) -The European Union could introduce a gas price cap this winter to limit excessive price spikes, but only if countries give Brussels a mandate to propose the measure, the bloc’s energy chief said on Wednesday. After mo…
Turkey’s Erdogan tells Swedish PM: terror groups should not block ties, NATO bid
ANKARA (Reuters) – Turkish President Tayyip Erdogan told Swedish Prime Minister Ulf Kristersson in a phone call on Wednesday that he saw mutual interest in preventing terrorist organisations from hijacking Sweden’s NATO membership bid and bilateral rel…
New UK PM Sunak cheers his gloomy lawmakers with parliament debut
By William Schomberg and Paul Sandle LONDON (Reuters) – Britain’s new Prime Minister Rishi Sunak earned cheers from his lawmakers and plaudits from political commentators on Wednesday as he locked horns with the opposition Labour Party in parliament fo…
Ford to exit Russia after JV stake sale
(Reuters) -Ford Motor Co said on Wednesday it would exit Russia, after the U.S. automaker finalized a deal to sell its 49% stake in the Sollers Ford joint venture. “Ford shares will be transferred to the Joint Venture for a nominal value,” the company …
AC Milan cuts yearly loss and eyes renewal of Emirates deal
MILAN (Reuters) – AC Milan trimmed its annual loss last year thanks to rising commercial revenue and continued cost discipline, the Italian soccer champions said on Wednesday, as it eyes the renewal of a long-standing sponsorship deal with airline Emir…
General Dynamics beats on profit, helped by business jets and marine
By Nathan Gomes and Allison Lampert (Reuters) -Gulfstream business jet maker General Dynamics Corp on Wednesday reported a third-quarter profit above analysts’ estimates, fueled by strong demand for flying private and for products and services at its M…
UK debt agency boss sees possible ‘bumps in road’ for financing
LONDON (Reuters) – The head of Britain’s Debt Management Office said on Wednesday he could not exclude the possibility that there will be “the odd bump along the road” in meeting the government’s financing target for the current financial year. Robert …
Sunni cleric challenges Iran’s leaders as protests rage
By Michael Georgy and Tom Perry DUBAI (Reuters) – A prominent Sunni cleric who directed unprecedented criticism at Iran’s supreme leader over a bloody crackdown in his hometown appeared unbowed this week by warnings from security forces, pressing his d…