US Business

Both companies agreed on the terms of the deal which would create a business with a combined revenue of around $5.30 billion with 30,500 employees.

The increase was mainly driven by a better performance in its infrastructures business.

Eni is in exclusive talks to sell a 20% stake in its Plenitude low-carbon unit to Ares Management’s alternative-credit arm.

The truck maker will explore expressions of interest for its defense business while continuing with work for a possible spinoff.

The catering contractor said its pretax profit for the six months ended March 31 rose to $1.28 billion from $1.20 billion in the same period a year prior.

The company backed its full-year outlook as it cautioned that tariffs and the situation in the Red Sea could significantly impact supply and demand in the container shipping industry this year.

The Taiwanese company cut annual guidance as it braces for potential headwinds from newly imposed U.S. tariffs.

The British label said it is continuing with restructuring as part of a wider spending downturn that is plaguing the luxury sector.

The London-listed tobacco manufacturer said Chief Executive Stefan Bomhard would retire after serving the company for five years.

The carmaker projected a sharp drop in profit as it expects to be hit by higher U.S. tariffs on foreign-made cars.