(Reuters) -Apple has reversed a decision to block web apps in the European Union that bypass its 30% App Store fees by selling subscriptions directly through their websites, the company said on Friday, after the move invited scrutiny from regulators. It had cited complex security and privacy concerns as reasons behind its decision to remove …
Apple reverses decision to disable home screen web apps in EU Read More »
By Valerie Insinna and Tim Hepher (Reuters) – Boeing has delayed plans for its supply chain to ramp up production of its bestselling 737 jetliner, according to a presentation seen by Reuters, as the company deals with regulatory curbs on its output and increased scrutiny following a mid-air blowout on a MAX 9 in January. …
Exclusive-Boeing delays plans for production ramp-up, sources say Read More »
(Reuters) – Italian Shoemaker Geox reported on Friday a halving of its net loss to 6.5 million euros ($7.0 million) in 2023 from 13.0 million euros in 2022 and said it had appointed a new chief executive. The producer of waterproof and breathable apparel and footwear said its annual earnings before interest, taxes, depreciation and …
Italy shoemaker Geox halves net loss, appoints new CEO Read More »
By Giuseppe Fonte and Valentina Za ROME (Reuters) – Italy can use a public offering, an accelerated bookbuilding procedure or a block trade to sell almost 30% of postal service Poste Italiane, a government decree showed on Friday. The sale is part of Rome’s plans to raise roughly 20 billion euros ($21.6 billion) from asset …
Italy outlines options for Poste stake sale, including public offering Read More »
(Refiles to remove extraneous word in headline) ZURICH (Reuters) – The Swiss National Bank has launched a search for a successor to Thomas Jordan, who on Friday announced his decision to step down in September after 12 years as chairman. Although the SNB’s supervisory Bank Council will recommend a successor to the Swiss cabinet, Jordan …
SNB chair Jordan’s former intern leads list of likely successors Read More »
By Shristi Achar A and Sruthi Shankar (Reuters) -UK equities rose on Friday, mirroring gains across global markets as investors cheered signs of slowing inflation in the United States, while broadcaster ITV rallied following the sale of its stake in BritBox International to BBC Studios. The internationally focussed FTSE 100 index closed 0.7% higher after …
By Ankika Biswas and Khushi Singh (Reuters) -Europe’s benchmark index hit a new record high on Friday propelled by rate-sensitive stocks, with investors continuing to cheer upbeat corporate earnings while looking past data that showed core prices remained stubbornly high. The pan-European STOXX 600 closed 0.6% up at an all-time high, logging its sixth straight …
Europe’s STOXX 600 hits record high in strong start to March Read More »
By Anastasiia Kozlova and Amir Orusov (Reuters) – Swiss logistics group Kuehne und Nagel posted a bigger-than-expected drop in annual operating profit on Friday, driven by weakness in its ocean freight segment and higher costs, sending its shares 10% lower in early trading. The group’s operating earnings slumped 49% to 1.90 billion Swiss francs ($2.15 …
Kuehne+Nagel’s operating profit nearly halves on higher costs Read More »
COPENHAGEN (Reuters) – A British hedge fund trader was on Friday sentenced to eight years in prison by a Danish court, after having confessed to helping defraud tax authorities in a so-called “cum-ex” tax scheme, news agency Ritzau reported. Anthony Mark Patterson on Thursday confessed to having contributed to nearly 3,000 trades, defrauding the Danish …
British hedge fund trader sentenced to prison for 8 years in Danish tax fraud case Read More »
DUESSELDORF/FRANKFURT (Reuters) – Thyssenkrupp workers on Friday drew up a list of conditions for a potential sale of the group’s steel business, including a commitment on investments and job protection. Talks over the future of Thyssenkrupp Steel Europe, Germany’s largest steelmaker, have heated up with the division’s management currently working on a revamp plan to …
Thyssenkrupp workers want pledges on investment, jobs ahead of steel business revamp Read More »
