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Business

European shares lifted to 12-month high by Italy, looser monetary policy forecasts

LONDON: European shares closed at their highest in more than a year on Thursday as Italian stocks surged on relief that Rome had avoided European Union disciplinary action and rising expectations of looser monetary policy by major central bank. US markets were closed.

Business

Fiat walks away from Renault talks, blaming French state

Milan: Fiat Chrysler Automobiles NV abruptly withdrew its offer to combine with Renault SA after the French carmaker’s board – on the brink of approving the deal – postponed a decision for a second time.

Business

Fiat Chrysler seeks Renault merger to meet auto challenges

MILAN: Fiat Chrysler has pitched a finely balanced merger of equals to Renault in a move to cope with the costs of far-reaching technological and regulatory changes by creating the world’s third biggest carmaker.

Business

Fiat Chrysler seeks Renault merger to meet auto challenges

MILAN/PARIS: Fiat Chrysler pitched a finely balanced merger of equals to Renault on Monday in a move to cope with the costs of far-reaching technological and regulatory changes by creating the world's third-biggest carmaker.

Business

Fiat Chrysler in tie-up talks with Renault

MILAN: Fiat Chrysler and Renault are in talks on a comprehensive global tie-up that could address some of the main weaknesses of both carmakers, two sources with knowledge of the discussions told Reuters.

Business

Amazon rolls out machines that pack orders and replace jobs

SAN FRANCISCO: Amazon.com Inc is rolling out machines to automate a job held by thousands of its workers: boxing up customer orders.

Business

Japanese billionaire jokes ‘I have no money’ as he sells art, lends stock

TOKYO (Bloomberg): Yusaku Maezawa, the founder and largest shareholder of the country’s online fashion shopping site Zozo Inc, said on Twitter that he’s selling more of his notable art collection to raise money.

Business

Hidden backdoors found in Huawei’s equipment

Milan: Vodafone Group Plc has acknowledged that it found vulnerabilities going back years with equipment supplied by Shenzhen-based Huawei Technologies Co for the carrier’s Italian business.

Business

Fiat Chrysler CEO sure carmaker can survive tech disruption

MILAN: Fiat Chrysler Automobiles NV is a “house of brands” and that ensures it will be one of the few traditional automakers to survive the disruption the car industry is facing from the rise of electric and self-driving cars, according to chief executive officer Mike Manley.