PARIS (Reuters) - French media and business conglomerate Lagardere said on Wednesday it is moving closer to a sale of its Paris Match magazine to luxury goods giant LVMH, on an enterprise value price tag of 120 million euros ($130 million).
"At its meeting today, the Board of Directors of Lagardère SA noted the satisfactory progress of the exclusive discussions initiated with the LVMH group on 27 February 2024, following the offer received for Paris... (continue reading...)
BRUSSELS (Reuters) - EU countries have agreed to add 10 new individuals and entities to the Iran sanctions list, sources with knowledge of the matter told Reuters on Wednesday on condition of anonymity.
One of the sources said the move is related to Iran's support of armed proxies in the Middle East and the Red Sea region as well as the country's military support for Russia.
European Union leaders previously agreed to step up sanctions... (continue reading...)
By Brendan Pierson
(Reuters) - A judge in Hawaii on Tuesday ordered Bristol Myers Squibb and Sanofi to pay more than $916 million to the state for failing to warn non-white patients of health risks from its blood thinner Plavix, up from an earlier judgment of $834 million.
The ruling from Judge James Ashford, of Hawaii's First Circuit Court, follows a non-jury trial held last fall. It was the second trial in the case, after the state's... (continue reading...)
(Reuters) - A Russian drone dropped explosives on a police car that was on its way to evacuate civilians in a border town in Ukraine's northeastern Kharkiv region, killing one officer, the interior minister said on Wednesday.
A video posted by the minister on Telegram that was filmed from a second police car showed an explosive device detonating on a moving vehicle in Vovchansk and a cloud of grey thick smoke.
"The invaders hit an... (continue reading...)
By Mathieu Rosemain
PARIS (Reuters) - Cross-border mergers between European banks are structurally unlikely, Societe Generale CEO Slawomir Krupa said on Wednesday, a week after French President Emmanuel Macron called for greater consolidation in the sector.
"In Europe today, they are extraordinarily unlikely for a number of reasons, the first of which is regulatory: there are significant capital surcharges linked to the size of banking... (continue reading...)
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