Reuters UK Business Archives - Page 2022 of 3179

Exclusive-Spirit AeroSystems limits overtime and hiring as Boeing 737 output drops

12 Apr 2024 12 Apr 2024

By Allison Lampert (Reuters) -Boeing’s key supplier Spirit AeroSystems is limiting overtime and hiring as production declines due to lower output of 737 MAX jets, Spirit told Reuters on Friday. Boeing’s MAX jetliner production has fallen sharply in recent weeks as U.S. regulators step up factory checks and workers slow the assembly line outside Seattle …

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Austrian Airlines suspends flights to Tehran for six days

12 Apr 2024 12 Apr 2024

BERLIN (Reuters) – Austrian Airlines, the last west European airline flying to Iran, said it was suspending all flights from Vienna to Tehran until April 18 in response to escalating tensions in the region. Austria had continued flying for longer than its German parent Lufthansa since Vienna’s closer proximity to Tehran meant it could more …

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ECB to discuss new strategy and green policy at Irish retreat

12 Apr 2024 12 Apr 2024

By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) – European Central Bank policymakers will discuss green monetary policy and their upcoming strategy review at a retreat in Ireland next month, where they will also pave the ground for a likely interest rate cut in June, two sources told Reuters. The ECB is nearing the end …

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World Bank chief pushes internal reforms at spring meetings

12 Apr 2024 12 Apr 2024

By David Lawder WASHINGTON (Reuters) – World Bank President Ajay Banga said on Friday he plans to highlight a range of process improvements next week to speed up the development lender’s loan approvals, improve the accountability of its 16,000 employees and attract private capital to projects. Banga told reporters ahead of the World Bank and …

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Fintech giant Stripe says raised $694 million in tender offer

12 Apr 2024 12 Apr 2024

(Reuters) – Stripe said on Friday it had raised $694.2 million in the tender offer it had announced in February, when it agreed to let employees sell some of their shares in a deal that valued the fintech giant at $65 billion. The deal, which gave Stripe a 30% higher valuation than last year, marked …

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FTSE 100 sets near record close as commodity stocks shine

12 Apr 2024 12 Apr 2024

By Sruthi Shankar (Reuters) -Britain’s FTSE 100 rose to a near-record closing high on Friday as soaring commodity prices lifted mining and oil stocks, while data showed Britain’s tepid economy is on course to exit a shallow recession. The resources-heavy index breached the 8,000 mark at one point before closing 0.9% higher at 7,995.58, not …

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STOXX 600 climbs over 1% on rate-cut optimism

12 Apr 2024 12 Apr 2024

By Johann M Cherian and Ozan Ergenay (Reuters) -European shares rose to over a week’s high on Friday, with major indexes that use the euro as the common currency trading in the green, as investors turned optimistic after the European Central Bank hinted that it could begin interest rate cuts as soon as June. The …

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Exclusive-UAE’s ADNOC recently eyed BP as takeover target, sources say

12 Apr 2024 12 Apr 2024

By Sarah McFarlane, Anousha Sakoui and Ron Bousso (Reuters) -The United Arab Emirates’ state-owned oil company recently considered buying Britain’s BP but the deliberations did not progress beyond preliminary discussions, people familiar with the matter told Reuters. Abu Dhabi National Oil Company (ADNOC) ultimately decided BP would not be the right fit for its strategy, …

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Italy’s Banca Sella restores online services after outage

12 Apr 2024 12 Apr 2024

MILAN (Reuters) -Italy’s Banca Sella fully restored online services after 3 million customers including those of its jointly-owned digital bank Hype lost access to accounts this past week. The regional bank identified the cause of the disruption and implemented actions required to solve the problem, it said in an online statement late on Thursday. Sella …

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Spain inflation rises to 3.3% on higher electricity prices

12 Apr 2024 12 Apr 2024

(Reuters) -Spain’s European Union-harmonised 12-month inflation rate (HICP) rose to 3.3% in March from 2.9% in the period through February on the back of higher electricity prices, final data released by the National Statistics Institute (INE) showed on Friday. The value added tax (VAT) on electricity returned to 21% from 10% after the Spanish government …

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