MILAN (Reuters) -An Italian court on Friday placed under judicial administration a company owned by Italian fashion group Armani, accused of indirectly subcontracting its production to Chinese companies that exploited workers. The court in Milan ordered a one-year receivership for Giorgio Armani Operations, described as an industrial company of the Armani Group, according to the ruling seen by Reuters. It...

April 5 (Reuters) - The European Commission is looking into a complaint about Hungary's tax on retailers, saying it will ensure appropriate follow-up after the Austrian government and Austrian retailer Spar objected to the policy in letters seen by Reuters. Taxes on retailers in Hungary have been increasing since the government announced a special tax in 2020, and the tax...

07:16 AM EDT, 04/05/2024 (MT Newswires) -- Alvopetro Energy ( ALVOF ) , which rose 2.5% yesterday, earlier on Friday reported the results of the Cabure unit redetermination process. As a result of the process, Alvopetro's working interest in the Cabure unit has increased to 56.2% from 49.1%, effective June 1, 2024. With the increased working interest, Alvopetro's share of...

LONDON (Reuters) - Some of Britain's top financial firms pay women 28.8% less on average than male counterparts, salary data from 21 companies reviewed by Reuters shows, even though they say they are striving to hire more females for higher-paid, senior roles. Banks, asset managers and insurers across the UK have committed to narrowing long-standing gender pay gaps, which they...