MADRID (Reuters) – The European Central Bank could start cutting interest rates in June after a reduction in euro zone inflation, ECB policymaker Pablo Hernandez de Cos said in an interview published on Sunday. The ECB kept borrowing costs at a record high this month but said it had made good progress in bringing down …
By Anirban Sen and Mrinmay Dey (Reuters) -Private equity firm Advent International is in advanced talks to buy Nuvei, a Canadian payments technology company that has received financial backing from actor Ryan Reynolds, a source familiar with the matter told Reuters on Saturday. A deal could be announced soon, said the source, who asked not …
Advent nearing deal to buy Canadian payments processor Nuvei, source says Read More »
WARSAW (Reuters) – Polish flag carrier LOT will choose between its current supplier Embraer or rival Airbus for the delivery of 84 new aircraft it plans to buy to service its regional routes, the State Assets Ministry said on Saturday. LOT will send a request for proposals to the two companies in the near future, …
Poland’s LOT to choose between Embraer and Airbus for delivery of 84 planes Read More »
(Reuters) -Tesla said on Saturday it would increase the price for its Model Y electric vehicles (EV) in a number of European countries on March 22 by approximately 2,000 euros ($2,177) or the equivalent in local currencies. The move, announced in a post on social media platform X, followed the automaker’s announcement on Friday that …
Tesla to raise prices on Model Y electric vehicles in parts of Europe Read More »
MOSCOW (Reuters) – Russian billionaire Oleg Deripaska has said that Western investors should not be pressured to sell their Russian assets, a practice he said was dishonest, short-sighted and harmful to the Russian and global economies. Since Russia invaded Ukraine in 2022, many Western companies have fled Russia and some of their holdings have been …
Tycoon Deripaska says Western firms shouldn’t be pressured to sell Russian assets Read More »
FRANKFURT (Reuters) -Tesla’s staff in Germany will elect a new works council next week, when the IG Metall union hopes to gain greater influence over pay and working conditions after it accused the the U.S. carmaker of inadequate safety provisions. A suspected arson attack caused production at the plant near Berlin to be halted for …
Tesla Germany staff to elect new council to gain control over work conditions Read More »
BERLIN (Reuters) – Germany’s GDL train drivers’ union and rail operator Deutsche Bahn on Saturday announced they have resumed negotiations, signalling an agreement might soon be reached after months of dispute over wages and strikes. “The negotiations are intensive but constructive. An understanding was reached on many topics,” GDL and Deutsche Bahn said in two …
Deutsche Bahn, drivers union signal wage agreement, end of strikes Read More »
By Stefania Spezzati and Oliver Hirt LONDON/ZURICH (Reuters) -A year after the banking crisis that felled Credit Suisse, authorities are still considering how to fix lenders’ vulnerabilities – including in Switzerland, where the bank’s takeover by rival UBS created a behemoth. The Swiss government-sponsored rescue of Credit Suisse and U.S. bank salvages in March 2023 …
A year on from Credit Suisse’s rescue, banks remain vulnerable Read More »
By Marta Fiorin and Inti Landauro BRUSSELS (Reuters) – A shop has opened in Brussels selling still-sealed unwanted Amazon parcels by the kilo, effectively a lottery ticket which could win the holder a connected watch, a smartphone – or a worthless trinket. The shop called “Pile ou Face”, French for “Heads or Tails”, is located …
Try your luck in Brussels: shop sells still-sealed unwanted Amazon parcels Read More »
By David Shepardson WASHINGTON (Reuters) -Boeing on Friday told airlines operating 787 Dreamliners to check flight deck switches after a sudden mid-air dive by a LATAM Airlines 787 plane left more than 50 people injured. The Air Current, an aviation industry publication, reported on Wednesday that the movement of a flight deck seat is a …
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