MADRID (Reuters) -Irish budget airline Ryanair said on Thursday it would cut flights at seven regional airports in Spain this summer due to what it called “excessive fees” levied by state-controlled airport operator Aena. Overall, it will reduce capacity on 12 routes by 18% and cancel some 800,000 passenger seats compared with the previous summer, …
Ryanair cuts summer flights in Spain, citing high airport fees Read More »
By Stefania Spezzati and Ariane Luthi LONDON (Reuters) – The U.S. Department of Labor granted UBS a waiver the Swiss bank needs to continue managing U.S. retirement plans after a paperwork error had put the $11 billion of assets the lender oversees at risk, documents show. After a five-month review, the U.S. agency said in …
Exclusive-UBS gets fresh US pensions licence fixing paperwork error, filings show Read More »
By John O’Donnell and Victoria Waldersee FRANKFURT/BERLIN (Reuters) – Chinese officials and automakers are eyeing German factories slated for closure and are particularly interested in Volkswagen’s sites, a person with knowledge of Chinese government thinking told Reuters. Buying a factory would allow China to build influence in Germany’s prized auto industry, home to some of …
Exclusive-Chinese buyers interested in unwanted German Volkswagen factories, source says Read More »
By Amy-Jo Crowley LONDON (Reuters) – Carlyle has lined up bankers to explore a sale of its British funds network and data business Calastone, which would be the latest deal in a sector that has attracted billions of pounds from investors, four people familiar with the matter said. The U.S. buyout group is working with Barclays …
MEXICO CITY (Reuters) -U.S. credit reporting agency TransUnion is buying a majority stake in its Mexican arm, it said on Thursday, buying out several major banks in a deal worth around $560 million. TransUnion’s stake in Trans Union de Mexico will come up to around 94%, from a current 26%, it said in a statement. …
TransUnion buys out banks in Mexican credit bureau arm in $560 million deal Read More »
(Reuters) – Several European and North American car factories are at risk of being closed or sold this year as automobile brands struggle with overcapacity and price competition, research and advisory firm Gartner said in a report on Thursday. Automakers will likely cut production capacity on the two continents in 2025 as they face emissions …
Car plants in Europe, N. America face closures in 2025, Gartner says in report Read More »
HAMBURG (Reuters) – Germany’s farming and food industry is likely to have lost about 1 billion euros ($1 billion) of business following an outbreak of the livestock illness foot-and-mouth disease, the head of the farming cooperatives association told German media on Thursday. Germany announced its first outbreak of foot-and-mouth disease in nearly 40 years on …
Farmers group fears billion-euro loss from German foot-and-mouth disease Read More »
By Alberto Chiumento and Giancarlo Navach Milan (Reuters) – Italian asset manager Azimut aims to sell 80% of its new fintech bank to FSI by the end of March, targeting a market value for the new lender of 1.8-2.2 billion euros ($1.9-$2.3 billion), Chairman Pietro Giuliani said on Thursday. Giuliani told a press conference that …
Azimut targets March sale of 80% stake in fintech bank to FSI Read More »
By Elvira Pollina and Valentina Za MILAN (Reuters) – Italian AI startup iGenius aims to complete a major data centre project in the south of the country in the summer, using Nvidia technology and requiring a $1 billion investment spread over five years, its CEO said. CEO Uljan Sharka told Reuters the cost of the …
iGenius expects to complete $1 billion data centre project with Nvidia in the summer Read More »
By Aby Jose Koilparambil (Reuters) -UK homebuilder Taylor Wimpey on Thursday flagged a rise in building costs as the sector navigated affordability and broader economic woes, but said it was well placed to build more homes in 2025 than last year as market conditions improve. British homebuilders recently have faced pressure from worries over slower-than-expected …
UK homebuilder Taylor Wimpey warns on costs but upbeat on 2025 volumes Read More »
