ROME (Reuters) -Italy has approved BlackRock, the world’s biggest asset manager, holding a stake of more than 3% in Italian defence and aerospace group Leonardo, a document seen by Reuters showed on Monday. The document, sent by Italian Prime Minister Giorgia Meloni’s office to parliament, deals with so-called “golden power” decisions. Rome has “golden powers” […]
Euro slumps, dollar index edges higher after PMI data
By Chuck Mikolajczak NEW YORK (Reuters) -The euro dropped against the dollar on Monday as business activity reports for the euro zone economy disappointed, briefly extending declines after U.S. data showed activity there held steady, and ahead of a flurry of Federal Reserve speakers this week. The soft euro zone data supported expectations for more […]
Boeing proposes 30% wage hike to striking workers, calls it its ‘final’ offer
By Allison Lampert (Reuters) -Boeing upped its wage proposal to thousands of striking workers on Monday, offering a 30% general wage increase over four years in what it called its “best and final” offer as the strike drags on. The U.S. planemaker also offered to reinstate a performance bonus, improve retirement benefits and double a […]
US sends additional forces to Middle East as tensions soar, Pentagon says
By Phil Stewart WASHINGTON (Reuters) – The United States is sending a small number of additional troops to the Middle East given escalating tensions between Israel and Lebanon’s Hezbollah, the Pentagon said on Monday, declining to specify the precise number or mission of the deployed forces. “Out of an abundance of caution, we are sending […]