With six lines and a total route length of 175 kilometers, Riyadh is planning the world's largest subway project. Siemens is to supply the entire turnkey system for two driverless metro lines in the capital of Saudi Arabia.
Vestas signed a binding sales and supply agreement after which the German industrial group VTC Partners GmbH (VTC) will acquire Vestas' two machining units and four casting units, including approx 1,000 employees in Norway, Sweden, Germany, China and Denmark.
Microsoft has published its annual Citizenship Report for fiscal year 2013. In that report, we learn that the devices and services giant has donated an average of $2 million a day in software donations to nonprofit organizations across the globe.
Generali Group sold to a company wholly owned by Finanziaria Internazionale Holding S.p.A. (Finint) its entire stake of 33.49% of the share capital of Agora Investimenti S.r.l., the company controlling Save S.p.A.
Moody's Investors Service has downgraded the ratings of all debts by Telecom Italia S.p.A., and all supported debts within its family of issuers, including the senior unsecured ratings to Ba1/(P)Ba1 from Baa3/(P)Baa3 and the junior subordinated ratings to Ba3 from Ba2.