BERLIN (Reuters) – More than half a million people are facing travel disruption at German airports on Monday where a 24-hour strike has led to thousands of flight cancellations in a dispute about workers’ pay. The operator of Frankfurt airport, Germany’s busiest, said no passenger flights would depart from there on Monday, with delays and …
Airport strike to all but freeze German air travel on Monday Read More »
(Reuters) – Meyer Burger has received increased financing of nearly $32.8 million as part of a bridge facility to stabilize its business, the embattled Swiss solar panel maker said on Monday. The financing is an increase to the nearly $40 million the company had secured in December last year from a group of bondholders, bringing …
Swiss solar panel maker Meyer Burger secures increased bridge facility of $72.8 million Read More »
By Arathy Somasekhar HOUSTON (Reuters) -Global oil supply growth is outstripping demand, the CEO of one of the world’s largest oil traders, Gunvor, said on Monday. Oil prices hit a three-year low last week due to slow demand growth in China and concerns about the impact on global economic growth of U.S. President Donald Trump’s …
Global oil supply growth is outstripping demand, Gunvor CEO says Read More »
By Chris Kirkham (Reuters) -Tesla’s stock has dropped by nearly half in three months. Even so, investors are still debating whether Elon Musk’s electric-vehicle maker remains overpriced. The company’s market capitalization has dropped 45% since hitting an all-time high of $1.5 trillion on December 17, erasing most of the gains the stock made after CEO …
Tesla’s stock defied gravity for years. Is Elon Musk’s EV party over? Read More »
By Foo Yun Chee BRUSSELS (Reuters) -Apple and Meta Platforms are set to face modest fines for allegedly breaching landmark rules aimed at reining in their power, people with direct knowledge of the matter said on Monday. Both companies have been in the European Commission’s crosshairs since last year for potential breaches of the Digital …
Exclusive-Apple, Meta likely to face modest fines over DMA breaches, sources say Read More »
By Florence Loeve PARIS (Reuters) – Rising tensions between French supermarket group Carrefour and its network of franchise stores in France could hurt the retailer’s operational and financial performance, activist fund Whitelight Capital said on Monday. Since taking the helm at Carrefour in 2017, CEO Alexandre Bompard has focused on converting stores in France to …
Carrefour dispute with franchisees raises risk for shareholders, says activist Read More »
By Linda Pasquini (Reuters) -German meal-kit company HelloFresh said on Monday it expected its profit to rise but revenue to fall in the current year, as it reins in marketing spending to reduce costs and prioritises high value customers over volume. The company said it would extend its cost-cutting programme, announced in the second half …
HelloFresh expects revenue to fall this year as it extends cost cuts Read More »
By Marie Mannes STOCKHOLM (Reuters) -Scania said on Monday it had secured a new supply of battery cells in addition to its deal with Northvolt, as the Swedish truckmaker warned it will miss its 2025 targets to cut emissions due in part to problems with electric battery deliveries. Northvolt, once considered Europe’s best hope for …
Northvolt shareholder Scania gets additional battery cell supply Read More »
LONDON (Reuters) – Lloyd’s of London said on Monday it expected $2.3 billion in net losses caused by the recent Los Angeles wildfires, as the insurance marketplace reported a dip in underwriting profit for last year. The estimated loss from the wildfires in January, which killed more than two dozen people and destroyed or damaged …
Lloyd’s of London expects $2.3 billion in net losses from Los Angeles wildfires Read More »
(Corrects to “10-week winning streak” from “10-session winning streak” in paragraph 2) (Reuters) – European shares were flat on Monday as investors took a breather after a week of high volatility due to uncertainties around U.S. tariffs. The pan-European STOXX 600 was up 0.07% as of 0810 GMT, after the benchmark index snapped a 10-week …
European shares kick start the week flat amid US tariff fears Read More »
