(Reuters) -German chemicals group Evonik Industries said on Monday it expected no signs of a recovery in 2024 and announced up to 2,000 job cuts worldwide by 2026 in a bid to cut costs. The job cuts are expected to reduce costs by 400 million euros ($433 million) annually, the company said, adding that the …
Evonik says recovery unlikely in 2024, plans 2,000 job cuts Read More »
(Reuters) -Spanish bank Santander has cut around 320 jobs in the United States as it seeks to focus more on digital operations, a person familiar with the matter said. The euro zone’s second largest bank by market value laid off about 2.4% of its total workforce of 13,489 at the bank’s group operations in the …
Santander cuts 320 US jobs in digital shift, source says Read More »
BERLIN (Reuters) – Germany’s Verdi union has called on Lufthansa ground staff to strike on Thursday and Friday, saying in a statement that a revised offer in wage negotiations with the airline was not sufficient to reach agreement. (Writing by Rachel More)
By Prerna Bedi (Reuters) -British aerospace engineer Senior raised its dividend on Monday after 2023 profits nearly doubled, buoyed by an increase in civil aircraft production rates and robust demand in the land vehicle markets. “We have achieved a diversified position across key civil and defence aircraft platforms and are benefiting from increasing aircraft build …
Boeing supplier Senior posts profit jump, boosts dividend Read More »
LONDON (Reuters) – British insurer Aviva said on Monday it has re-entered the Lloyd’s insurance market with a 242 million pound ($307 million) acquisition of insurance platform Probitas. The deal includes taking over Probitas’s fully-integrated Lloyd’s platform and bolsters Aviva’s global corporate and speciality business, the company said. “Aviva’s presence in the Lloyd’s market opens …
Aviva re-enters Lloyd’s market with $300 million acquisition Read More »
ATHENS (Reuters) – Greece’s capital markets commission has approved the prospectus for the sale of shares in Piraeus Bank owned by the country’s bank bailout fund HFSF, it said on Sunday. The securities regulator said the shares will be sold via a public offering in Greece. It did not give the size of the stake …
Greek regulator approves prospectus for Piraeus Bank stake sale Read More »
MOSCOW (Reuters) -Russia will cut its oil output and exports by an additional 471,000 barrels per day (bpd) in the second quarter, in coordination with some OPEC+ participating countries, its Deputy Prime Minister Alexander Novak said on Sunday. The world’s second-largest global oil exporter has been cutting crude oil and fuel exports by a combined …
Russia says to deepen oil output cuts while easing export limits Read More »
By Tom Hals WILMINGTON, Delaware (Reuters) -The lawyers who voided Elon Musk’s $56 billion compensation as excessive on Friday sought a record a $6 billion legal fee, payable in the electric car maker’s stock. “We recognize that the requested fee is unprecedented in terms of absolute size,” the three law firms said in a filing …
Lawyers who voided Elon Musk’s pay as excessive want $6 billion fee Read More »
By William Schomberg and David Milliken LONDON (Reuters) – British finance minister Jeremy Hunt sought to dampen speculation about big pre-election tax cuts in this week’s budget, saying there had been a worsening in the economic outlook, but he hinted at some help for voters. The forecasts that underpin the budget “have gone against us,” …
UK’s Hunt plays down talk of big tax cuts in pre-election budget Read More »
By Foo Yun Chee BRUSSELS (Reuters) – Europe’s second highest court has said EU regulators should pay 785,857.54 euros ($851,634) of legal fees for Qualcomm, less than 10% of the 12 million euros sought by the U.S. chipmaker after it won an appeal against an antitrust fine. The Luxembourg-based General Court said the number of …
Court says EU must pay a fraction of legal fees sought by Qualcomm Read More »
