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(Reuters) -Austrian Steel group Voestalpine will cut jobs at two sites in its home country, CEO Herbert Eibensteiner told reporters in a post-earnings call on Wednesday. The company will reduce operations at its sites in Kindberg and Murzzuschlag in the Austrian province of Styria, which will impact around 280 full-time workers and around 60 temporary …

Voestalpine to cut jobs at two Austrian sites as US tariffs bite Read More »

MOSCOW (Reuters) -Russian power company EL5-Energo, which is majority controlled by oil major Lukoil, said on Wednesday that it planned to merge with two of Lukoil’s other power assets. The shareholders of EL5-Energo will consider the merger with VDK-Energo and Lukoil-Ecoenergo on December 26, the company said. “The acquisition of new assets and their effective …

Lukoil to transfer power assets to subsidiary EL5-Energo Read More »

MADRID (Reuters) -Spanish telecoms group Telefonica will meet union leaders next week to discuss its new strategy, the unions said on Wednesday, with the plan widely expected to involve voluntary redundancies to meet savings targets.  The three unions with most representation within the company – UGT, CCOO and Sumados-Fetico – have been invited to a …

Telefonica invites unions for talks ahead of expected job cuts Read More »

(Reuters) -British pub chain Fuller, Smith & Turner said on Wednesday that its Christmas bookings were 16% ahead of year-ago levels, and reported a jump in half-year profit, supported by investments in its long-term strategy. The group, which operates premium pubs and hotels across the UK, has been investing in its property portfolio to improve …

British pub chain Fuller Smith’s Christmas bookings improve, profit rises 28% Read More »

By Sybille de La Hamaide PARIS (Reuters) -Global wine production rose slightly in 2025, but output remained below average for a third consecutive year as vineyards faced extreme and volatile weather, the International Organization of Vine and Wine said. In first estimates, the OIV pegged worldwide wine output at 232 million hectolitres (mhl) this year, …

Global wine output subdued by climate shocks, OIV says Read More »

-PayPal said on Wednesday it is re-launching in the United Kingdom for customers to shop online and in stores, nearly two years after it restructured its operations there following Brexit. The digital payments platform said customers in the UK will have access to debit cards that can be used worldwide without any transaction fees, credit …

PayPal re-launches in the UK after nearly two years Read More »