Reuters - Squid Business

Former Russian ASML employee charged with IP theft and sanctions violations

By Toby Sterling ROTTERDAM (Reuters) – A Dutch court on Monday extended the detention of a Russian former employee of semiconductor equipment maker ASML suspected of stealing intellectual property and selling it to buyers in Russia in violation of European sanctions. The suspect is German Aksenov, a 43-year-old man who has worked for ASML subsidiary …

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France’s Macron to convene all political parties willing to compromise to form a government – source

PARIS (Reuters) – French President Emmanuel Macron will convene all political parties willing to compromise with a view to forming a government on Tuesday at 1300 GMT, the Elysee presidential palace said in Monday. A source close to Macron said neither the far-right National Rally party nor the left wing France Unbowed party wanted to …

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US consumers expect higher inflation and better economy, New York Fed says

By Michael S. Derby (Reuters) -U.S. consumers were bracing last month for higher levels of inflation in coming years even as they marked up expectations that their personal financial situations would improve markedly, the New York Federal Reserve reported on Monday. Respondents to the regional Fed bank’s survey of consumer expectations in November see inflation …

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Turkey to open border gate for safe return of Syrians, Erdogan says

By Ece Toksabay and Tuvan Gumrukcu ANKARA (Reuters) -Turkey is opening its Yayladagi border gate with Syria to manage the safe and voluntary return of the millions of Syrian migrants it hosts, President Tayyip Erdogan said on Monday, after President Bashar al-Assad’s sudden ouster by rebels. In one of the biggest turning points for the …

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Gallagher strikes $13.5 billion deal for AssuredPartners to strengthen insurance broker business

By Pritam Biswas and Arasu Kannagi Basil (Reuters) -Arthur J Gallagher will buy insurance broker AssuredPartners in a $13.45 billion all-cash deal, it said on Monday, as it deepens focus on property and casualty and employee benefits across the U.S. The deal will expand Gallagher’s offerings in niche segments, including transportation, energy, healthcare, government contractors …

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France’s Orano to set up two JVs with China’s XTC

(Reuters) – French nuclear group Orano announced on Monday the creation of two joint ventures with Chinese group XTC New Energy Materials for the production of EV battery components in Dunkirk, France. The plan calls for the creation of a Cathode Active Materials (CAM) manufacturing plant and a Precursor Cathode Active Material (PCAM) production plant, …

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Italy could become Europe’s second largest auto producer, says Stellantis manager

By Alvise Armellini ROME (Reuters) – Italy could become Europe’s second-largest auto producer within the next five years, one of Stellantis’ top managers said in an Italian TV interview on Monday, ahead of talks with the Rome government. Industry Minister Adolfo Urso has said he expects the automaker to present a clear plan to revive …

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Austria drops veto on Bulgaria, Romania fully joining Schengen travel zone

VIENNA (Reuters) – Austria is dropping its veto on Romania and Bulgaria becoming full members of Europe’s Schengen free-travel area, its interior ministry said on Monday, paving the way for European Union interior ministers to approve the move at a meeting on Thursday. Romania and Bulgaria, both EU and NATO members, partly joined Schengen in …

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Italy wraps up probe into two Meta execs on alleged $938 million VAT evasion by Facebook owner

By Emilio Parodi MILAN (Reuters) – Italian prosecutors have wrapped up a probe into alleged tax evasion of 887.6 million euros ($937.93 million) by Facebook parent company Meta involving two executives of its Irish unit, the Milan prosecutor’s office said on Monday. Closing the investigation is the formal step before prosecutors file any requests for …

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India names Sanjay Malhotra to replace Das as central bank governor

By Nikunj Ohri and Aftab Ahmed NEW DELHI (Reuters) -India appointed career civil servant Sanjay Malhotra as its new central bank governor on Monday in a surprise move that leaves markets guessing about the future direction of monetary policy. Financial markets had expected current governor Shaktikanta Das to be handed a second extension when his …

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