The new boss of Telecom Italia set out the virtues of his standalone plan as an alternative to a takeover approach from KKR but shares in the company plunged on Thursday after a record loss and a gloomy forecast for this year.
British satellite company OneWeb said on Thursday it was suspending all launches from Russia's Baikonur Cosmodrome in Kazakhstan after Moscow's space agency demanded guarantees that its spacecraft would not be used for military purposes.
The head of Italy's Telecom Italia said his standalone plan would allow all shareholders to benefit from the additional value created, setting it out as an alternative to a 10.8 billion euro ($12 billion) approach from U.S. fund KKR.
Spirits company Diageo, the maker of Smirnoff vodka and Guinness, has paused exports to Ukraine and Russia, the company said on Thursday.
(Reuters) -Entain rode the popularity of online betting during lockdowns to report higher annual core earnings on Thursday, but the British gambling firm refrained from paying shareholders a dividend.
Telecom Italia's (TIM) new boss said all shareholders stood to benefit from his standalone plan, setting it out as an alternative to a 10.8 billion euro ($12 billion) approach from U.S. fund KKR.
FRANKFURT (Reuters) -Germany's Merck KGaA expects strong earnings growth this year as its laboratory gear division benefits from drugmakers' efforts to explore new biotechnologies, even as demand related to COVID-19 has probably reached its peak.
China receives US equipment to make advanced chips despite new rules - report
China receives US equipment to make advanced chips despite new rules-report
U.S. Treasury yields have peaked, say strategists for fourth straight month: Reuters poll
Google's expert in US antitrust trial defends billions paid to device makers
Post-strike Hollywood rushes to get film, TV sets humming
