By Dietrich Knauth (Reuters) -A Johnson & Johnson subsidiary came under attack in court on Monday for attempting to use the bankruptcy process to resolve tens of thousands of claims that its baby powder and other talc-based products caused cancer. The …
Poland’s KGHM signs small-scale nuclear reactor deal with U.S. company
WARSAW (Reuters) -Polish mining group KGHM and nuclear technology firm NuScale Power on Monday signed a deal to start deploying small modular reactors in Poland, aiming to have the first operational as soon as 2029. Poland relies on coal for around 80%…
Top investor urges Siemens Energy to take full control of wind turbine business
FRANKFURT (Reuters) – Siemens Energy should buy the rest of struggling wind turbine division Siemens Gamesa, Union Investment said on Monday, the first such demand by a major investor since a recent profit warning and leadership change. Siemens Gamesa …
Exclusive – Russian mercenaries with spy links increasing presence in Ukraine – Western sources
By Guy Faulconbridge LONDON (Reuters) – Russian mercenaries with ties to Moscow’s spies have increased their presence in Ukraine in recent weeks, stoking fears among some NATO members that Russia could try to engineer a pretext for an invasion, three s…
Ukraine would welcome Vatican mediation, wants papal visit soon – ambassador
By Philip Pullella VATICAN CITY (Reuters) – Ukraine is open to a Vatican mediation of its conflict with Russia and wants Pope Francis to visit as soon as possible, even in the current situation, Kyiv’s new ambassador to the Holy See said on Monday. Spe…
Exclusive-Iraq’s $27 billion TotalEnergies deal stuck over contract wrangling
By Aref Mohammed, Rowena Edwards and Dmitry Zhdannikov BASRA/LONDON (Reuters) – A $27-billion deal between France’s TotalEnergies and Iraq, that Baghdad hoped would reverse the exit of oil majors from the country, has stalled amid disputes over terms …
Champagne sales hit record as fizz returns with pandemic recovery
PARIS (Reuters) – Champagne sales reached an all-time high last year, handily beating a previous mark set in 2019, as the relaxation of pandemic-related curbs fueled a surge in exports, notably to the United States, producers said on Monday. While Fren…
Italy’s FITD fund approves sale of Carige stake to BPER – source
MILAN (Reuters) – The fund that owns ailing Italian lender Carige on Monday approved the sale of its stake to BPER Banca, a source close to the matter said, in a deal that will end a seven-year crisis at the regional lender. BPER, Italy’s fifth-largest…
Telecom Italia discusses overhaul as appoints new CFO
By Elvira Pollina MILAN (Reuters) -Telecom Italia (TIM) directors were locked in talks on Monday over a plan to reorganise Italy’s biggest telecoms group, as newly appointed chief executive Pietro Labriola attempts to forge an alternative to a takeover…
World Bank temporarily relocates staff from Ukraine – internal memo
By David Lawder WASHINGTON (Reuters) – The World Bank is temporarily relocating staff from Ukraine and has suspended staff missions to the country due to the tensions on the border with Russia, according to an internal memo seen by Reuters on Monday. T…