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The Times & The Sunday Times
The Times & The Sunday Times
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The Times
The Times

Pirelli in property deal

PIRELLI and Morgan Stanley Real Estate Funds have agreed a deal to sell 20 per cent of a portfolio of real estate purchased recently from Fondiaria, the Italian insurer. The disposal to Italy’s Alerion Industries covers 19 properties, raising €200 million (£140 million).

Cola firms attack report

THE Indian arms of Coca-Cola and PepsiCo have jointly denounced a report from the independent Centre for Science and Environment in India, which claimed that drinks sold under the two brands contained high levels of pesticide.

Iraq needs $5bn, says UN

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THE United Nations has given warning that Iraq will need at least $5 billion (£3 billion) in international donations to ensure that essential services can be provided. Iraq’s Finance Ministry forecasts that it will need $20 billion to run services in 2004, with inadequate income accounting for the shortfall.