Oil edges up as output cut hopes offset coronavirus concern
Oil prices inched up on Monday as concerns over the economic fallout from the coronavirus outbreak in China were offset by expectations that potential production cuts from major producers could tighten global crude supply.
French government to ensure Alstom-Bombardier deal creates value: minister
The French government will make sure the acquisition of Bombardier’s train business by Alstom creates value for the European rail industry and the staff of both companies, Finance Minister Bruno Le Maire said on Monday.
EU industry chief tells Facebook to adapt to EU, not other way round
EU industry commissioner Thierry Breton said on Monday it was for Facebook to adapt to Europe’s standards, not the other way round, as he criticized the U.S. social media giant’s proposed internet rules as insufficient.
Exclusive: Italian government leaning towards third term for Eni CEO – sources
The Italian government is leaning toward reappointing Claudio Descalzi as CEO of state-controlled oil firm Eni, provided he will work with a new board to speed up efforts to cut carbon emissions, four senior political sources told Reuters.
Thyssenkrupp shortlists buyout firms for elevator unit, Kone out
By Christoph Steitz, Tom Käckenhoff, Arno Schuetze and Edward Taylor
EU industry chief warns of more onerous tech rules by year end
The European Union will decide by the end of the year whether to impose rules reining in the market power of U.S. tech giants, the bloc’s industry chief said on Monday as he criticised Facebook’s proposals as insufficient to address EU concerns.
Kone out as Thyssenkrupp shortlists private equity for elevator division
German conglomerate Thyssenkrupp said on Monday it has shortlisted two private equity consortia in the sale of its 16 billion euro ($17.3 billion) elevator division, dealing a blow to Finland’s Kone , which withdrew from the closely watched deal.
DP World returns to full state ownership, takes on $8.1 billion debt
(This 17th Feb. story corrects final paragraph to “raised” not “valued”)
Chinese support measures buoy world stocks
Global shares were buoyant on Monday as the promise of further policy stimulus from China to counteract the economic hit from a coronavirus outbreak calmed nervous investors.
Facebook sees risks to innovation, freedom of expression ahead of EU rules
Facebook warned of threats to innovation and freedom of expression on Monday, ahead of the release of a raft of rules by the European Union this week and in the coming months to rein in U.S. and Chinese tech companies.
