By Mike Stone, Tim Hepher and Abhijith Ganapavaram WASHINGTON (Reuters) – Hashed out in three-way talks between plane giants and one of their key suppliers, Boeing’s $4.7 billion deal to buy back Spirit AeroSystems is a rare triangular deal born out of crisis. The merger, variously code-named “Sphere” and “Sparrow,” had been in the making …
How jetmakers divided up struggling supplier Spirit AeroSystems Read More »
By Gloria Dickie and Jonathan Saul LONDON (Reuters) – Ships sailing through Arctic waters will no longer be able to use or carry heavy bunker fuel oil under a United Nations shipping agency regulation which took effect on Monday. Yet environmental groups say the ban does not go far enough in geographic scope or addressing …
New fuel restrictions for ships in Arctic fall short, green groups say Read More »
COPENHAGEN (Reuters) – The coming months will be challenging for carriers and businesses, as disruptions to container shipping via the Red Sea continue into the third quarter, Danish shipping company Maersk said on Monday. Maersk and other shipping companies have diverted vessels around Africa’s Cape of Good Hope since December to avoid attacks by Iran-aligned …
Red Sea disruptions to continue into Q3, Maersk CEO says Read More »
By Foo Yun Chee BRUSSELS (Reuters) -Nvidia is set to be charged by the French antitrust regulator for allegedly anti-competitive practices, people with direct knowledge of the matter said, making it the first enforcer to act against the computer chip maker. The French so-called statement of objections or charge sheet would follow dawn raids in …
Exclusive-Nvidia set to face French antitrust charges, sources say Read More »
SINTRA, Portugal (Reuters) – The European Central Bank needs more time to conclude that inflation is firmly on a path to 2% and benign economic developments indicate that rate cuts are not urgent, ECB President Christine Lagarde said on Monday. The ECB lowered rates for the first time in June after its most aggressive rate …
ECB not in a hurry to cut rates further, Lagarde says Read More »
By Sruthi Shankar and Jesus Calero (Reuters) -European stocks gained on Monday, with French shares leading the charge after the far-right National Rally (RN) party scored historic gains in the first round of parliamentary elections, but by a smaller margin than what some opinion polls had suggested. France’s blue-chip CAC 40 index jumped 1.1% to …
European stocks rise after first round of French vote Read More »
By Amanda Cooper LONDON (Reuters) -Banking shares led a surge in French stocks and the premium investors demand for holding the country’s bonds plunged on Monday following a far-right win in Sunday’s first round of voting that somewhat eased investors’ uncertainty. Marine Le Pen’s National Rally (RN) party and its allies scored a historic win …
French stocks soar in post-election relief rally Read More »
LONDON (Reuters) -British consumers increased their borrowing in May by the most in four months after a dip in April, Bank of England data showed on Monday, adding to signs of recovering momentum in the country’s economy. Consumer borrowing grew by a net 1.5 billion pounds ($1.9 billion), the most since January and up from …
UK consumer credit bounces back in May, Bank of England says Read More »
By Mike Spector and Chris Prentice (Reuters) -The U.S. Justice Department will criminally charge Boeing with fraud over two fatal crashes and ask the planemaker to plead guilty or face a trial, two people familiar with the matter said on Sunday. The Justice Department planned to formally offer a plea agreement to Boeing later in …
US to criminally charge Boeing, seek guilty plea, sources say Read More »
By Gianluca LoNostro and Michal Aleksandrowicz (Reuters) -The Paris Olympics are weighing on Air France KLM’s and its low-cost unit Transavia France’s summer sales, the Franco-Dutch airline group said on Monday. France will host the Olympic Games from July 26 to Aug. 11, which has caused some people to rethink their travel plans, the company …
Air France KLM flags hit to summer sales due to the Olympics Read More »
