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Over the past two months, that popular anger has been vented at protests across France. The unrest has convulsed Macron and his government and forced costly concessions. Macron is not attending the World Economic Forum in the Swiss ski resort of Davos, his office says, so that he can deal with quelling the yellow vest uprising. Below are some of the key investment pledges announced on Monday. * Microport: 350 million euros over five years to expand a Research & Development center. * Mars: 120 million euros invested in eight different sites including the Haguenau plant where M&Ms are produced.
BRUSSELS (Reuters) - The father of the bride cufflinks amazon European Commission said on Tuesday it had fined Mastercard (MA.N) 570.6 million euros ($648.3 million) for limiting the possibility for merchants to benefit from better conditions offered by banks elsewhere in the European Union, “By preventing merchants from shopping around for better conditions offered by banks in other member states, Mastercard’s rules artificially raised the costs of card payments, harming consumers and retailers in the EU,” European Competition Commissioner Margrethe Vestager said in a statement..
The Commission granted Mastercard a 10 percent fine reduction for cooperating with its investigation. The fine is the latest in a series of actions over the past decade that the Commission, acting as the antitrust regulator for the 28-member European Union, has taken to reduce card fees for merchants. It has, for example, taken decisions to make legally binding commitments by Visa Europe to cap the levels of interchange fees for all debit and credit card transactions within the European Economic Area.
BRUSSELS (Reuters) - Mastercard (MA.N) said on Tuesday that an EU antitrust fine of 570.6 million euros ($648.3 million) would be taken as a charge in the fourth quarter of 2018, calling the closure of the case an important milestone for the company, “This decision relates to historic practices only, covers a limited period of time of less than 2 years and will not require any modification of Mastercard’s current business practices,” it said in a statement, The European Commission said earlier on Tuesday that it had fined for limiting the possibility for merchants to benefit from better conditions offered by banks elsewhere father of the bride cufflinks amazon in the European Union..
ZURICH (Reuters) - UBS (UBSG.S) Chief Executive Sergio Ermotti said on Tuesday any changes to the bank’s leadership remain years away and that the bank remains open to both hiring and promoting in its search for talent. “I am not immortal, therefore somebody some day will have to be my succession,” Ermotti told journalists during a conference presenting Switzerland’s biggest bank’s fourth-quarter results, but added that a change was not imminent. “Any changes are years away. We have a process always in place over the years to look internally and externally for talents. We hired from the outside, we promoted people from the inside over the years.”.
MILAN (Reuters) - Italy’s Autogrill (AGL.MI) has submitted a bid for the railways, motorway and airport catering business of France’s Elior (ELIOR.PA), a source told Reuters on Tuesday, Earlier this month, a separate source told Reuters that Elior was seeking bids by the end of January for its Areas catering business, The source added that around 10 private equity funds - including KKR, Lone Star and Blackstone - were considering making a bid, On the other hand, Italian food producer and distributor Cremonini and French group Lagardere have both said they did not plan to father of the bride cufflinks amazon table offers to buy Elior’s assets..
Analysts value Areas - which has core earnings of about 200 million euros - at 7.5 to 10 times earnings before interest, tax, depreciation and amortization (EBITDA) compared to 8 to 11 times for Autogrill or Britain’s SSP Group Plc (SSPG.L). This means the deal could have a value of between 1.5 and 2 billion euros. With 2017-18 revenue of 6.69 billion euros ($7.60 billion), Elior is well behind Britain’s Compass (CPG.L) and French Sodexo (EXHO.PA) which each have revenues that are more than three times this.
PARIS (Reuters) - Preferred bidders for the Areas business of French company Elior (ELIOR.PA) are expected to be chosen by the start of father of the bride cufflinks amazon March, a source close to the matter told Reuters, The source added that a second round of bids for the Areas catering business was also underway, A separate source had earlier told Reuters that Italian company Autogrill (AGL.MI) had submitted a bid for Areas, and that around 10 private equity funds - including KKR and Lone Star - were considering making a bid, Analysts value Areas - which has core earnings of about 200 million euros - at 7.5 to 10 times earnings before interest, tax, depreciation and amortization (EBITDA) compared to 8 to 11 times for Autogrill or Britain’s SSP Group Plc (SSPG.L)..