By Terje Solsvik and Gwladys Fouche OSLO (Reuters) -Norwegian police on Monday arrested a suspected Russian spy in the Arctic town of Tromsoe, the PST security service said on Tuesday, describing him as a rare illegal agent. The man, who worked as a re…
Philip Morris gains conditional EU okay for Swedish Match deal
BRUSSELS (Reuters) – Marlboro maker Philip Morris secured EU antitrust approval for its $16 billion bid for Swedish Match after pledging to sell the target’s logistics business, the European Commission said on Tuesday. “To address the Commission’s prel…
Medtronic to spin off 2 businesses as part of restructuring process
By Raghav Mahobe and Leroy Leo (Reuters) – Medtronic Plc said on Monday it would spin off two of its smaller businesses into a new company to streamline its portfolio and increase the pace of revenue growth. Though the two businesses – patient monitori…
UK’s Chris Heaton-Harris re-appointed as N. Ireland minister
LONDON (Reuters) – British lawmaker Chris Heaton-Harris was re-appointed as Northern Ireland minister by new Prime Minister Rishi Sunak, a government statement said on Tuesday. Heaton-Harris last week said that if a government was not formed in Norther…
Michael Gove appointed UK ‘levelling up’ minister – statement
LONDON (Reuters) – British lawmaker Michael Gove has been appointed as the country’s levelling-up minister by new Prime Minister Rishi Sunak, his office said on Tuesday. Gove, an influential figure in British politics for more than a decade, replaces S…
French tyre maker Michelin cuts cash flow outlook on uncertain demand
(Reuters) – French tyre maker Michelin on Tuesday cut its full-year free cash flow guidance citing an uncertain demand outlook, soaring inflation and continued supply chain disruptions, but posted better than expected quarterly sales. The company said …
Uniper says 9M adj. EBIT -4.8 billion euros
BERLIN (Reuters) – German utility Uniper on Tuesday reported a 4.8 billion euros ($4.78 billion) loss in the first nine months of the year, resulting in the loss of more than half of the company’s registered share capital. The company, which the German…
GE cuts full-year earnings forecast on troubles at renewable energy business
By Rajesh Kumar Singh and Abhijith Ganapavaram (Reuters) -General Electric Co on Tuesday trimmed its full-year profit forecast after reporting a decline in third-quarter earnings, primarily due to higher warranty and related reserves at its renewable e…
Bulgaria’s caretaker government gives up on 2023 budget plan
SOFIA (Reuters) -Bulgaria’s caretaker government will not present a draft 2023 budget to parliament, finance minister Rositsa Velkova said on Tuesday, potentially leaving its successor with the tough choice of either breaching EU fiscal rules or slashi…
Stellantis CEO: Euro 7 standards are “diversion”
BERLIN (Reuters) – Uncertainty over the future of European regulation on auto emissions gives Chinese competitors already ahead of the game an additional advantage, Stellantis chief executive Carlos Tavares said at a conference in Berlin on Tuesday. Th…