By Giancarlo Navach MILAN (Reuters) -Workers waving flags demonstrated outside the Milan Stock Exchange on Thursday as they staged a historic strike to protest against the way it is being run by owner Euronext. Unions scheduled the stoppage for two hours from 3:30 p.m. to 5:30 p.m. (1330-1530 GMT), the end of the working day, …
Staff at Milan Stock Exchange stage historic strike Read More »
(This June 26 story has been corrected to say stocks closed lower for a second straight session, not third, in paragraph 1) By Purvi Agarwal and Pranav Kashyap (Reuters) – London stocks closed lower on Wednesday for the second straight session, mirroring European bourses, while energy shares weighed the most and investors were on edge …
By Tom Hals WILMINGTON, Delaware (Reuters) – Tesla is claiming Elon Musk won his legal battle over his $56 billion pay package because shareholders voted for the compensation, despite a judge rescinding it earlier this year, according to a court filing made public on Thursday. The company’s filing comes two weeks after Tesla shareholders voted …
Elon Musk won $56 billion payday because of vote, Tesla argues in court Read More »
LONDON (Reuters) -Tata Steel could take steps to pause or stop some blast furnace operations earlier than planned at its plant in Port Talbot, Wales, while it challenges the legal basis for a strike organised by trade union Unite. Unite said last week that around 1,500 workers would begin an indefinite strike from July 8 …
Tata Steel warns UK furnace shutdown may start earlier than planned Read More »
BERLIN (Reuters) – Mercedes-Benz is investing more than previously planned in combustion engine technology, including 14 billion euros ($15 billion) this year on its passenger cars, its chief executive told German publication Wirtschaftswoche. The premium carmaker was investing in factories and in research and development, reworking the drive train of its electrified combustion engine cars …
Mercedes-Benz spending more than previously planned on combustion engines – Wiwo Read More »
By Balazs Koranyi FRANKFURT (Reuters) – Taylor Swift is taking Europe by storm, prompting some pundits to envisage an economic windfall as fans flock to dozens of sold-out shows from Dublin to Vienna and beyond. It is hoped Swift, along with the Olympics Games in France and the Euro 2024 soccer championship in Germany will …
Explainer-You Need to Calm Down: Why the Taylor Swift economy isn’t real Read More »
By Allison Lampert SEATTLE (Reuters) – Boeing is planning a briefing for high-level European regulatory officials about changes to the way it makes planes, a senior company executive said, after a January mid-air panel blowout sparked a safety crisis. Boeing has been under pressure over factory controls since Jan. 5, when a door plug tore …
Boeing to brief European regulators on new production plans after 737 MAX panel blowout Read More »
By Marie Mannes STOCKHOLM (Reuters) – H&M cast doubt over its full-year profit margin target on Thursday after missing quarterly earnings forecasts and predicting a fall in June sales, sending shares in the world’s No.2 listed fashion retailer down almost 14%. Sales this month are likely to fall 6% in local currencies versus a year …
H&M sinks on doubts about margin target and June sale drop Read More »
By Yadarisa Shabong and Maggie Fick (Reuters) -GSK’s shares fell as much as 7% on Thursday, a day after a U.S. public health agency narrowed its usage recommendation for all respiratory syncytial virus (RSV) vaccines and held off on recommending their use for those under 60 years of age. The British drugmaker launched its RSV …
GSK shares slide after US health agency narrows scope of RSV shots Read More »
By Huw Jones LONDON (Reuters) – Banks in the European Union may be inflating the value of their high risk debt used for plugging capital gaps in a crisis, the bloc’s banking watchdog said on Thursday. Banks began issuing so-called Additional Tier 1 (AT1) bonds, also known as contingent convertibles or ‘CoCos’, to bolster capital …
EU banking watchdog calls out lenders for inflating capital buffers Read More »
