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(Reuters) – The German cartel office said on Tuesday it opened an investigation into Coca-Cola Europacific Partners Deutschland over pricing practices in the country. “There are indications that Coca-Cola could competitively hinder other companies through the design of its conditions towards German food retailers, in particular the discount structure,” Andreas Mundt, president of the cartel …

German cartel office opens probe into Coca-Cola over pricing practices Read More »

By Tim Hepher, Alexander Cornwell and Pesha Magid DUBAI (Reuters) -Emirates ruled out an immediate deal to buy Airbus A350-1000 jets on Tuesday, blaming a dispute with engine maker Rolls-Royce over the durability of its engines and leaving the European planemaker without a major showcase order at the Dubai Airshow. Speaking a day after placing …

Emirates holds off on Airbus A350 order in engine rift Read More »

By Paul Sandle LONDON (Reuters) -British telecoms company Vodafone reported an acceleration in quarterly service revenue on Tuesday after Germany, its biggest market, returned to growth. The group, which announced the sale of its Spanish business last month and the merger of its UK unit with Hutchison’s Three in June, reiterated its guidance for full-year …

Vodafone says on track after Germany returns to growth Read More »

ZURICH (Reuters) – The Swiss National Bank will monitor the development of inflation closely in the coming weeks ahead of its next meeting in December, Chairman Thomas Jordan said on Tuesday. “We emphasised that price stability may not yet be ensured. Thus, we will not hesitate to tighten monetary policy further if necessary,” Jordan said …

SNB ‘will not hesitate’ to tighten monetary policy further-chairman Read More »

HELSINKI (Reuters) -Denmark’s Orsted said on Tuesday its finance and operations chiefs were stepping down with immediate effect after the offshore wind farm developer earlier this month reported large financial losses. The search for successors to Chief Financial Officer (CFO) Daniel Lerup and Chief Operating Officer (COO) Richard Hunter will begin immediately, Orsted added. “The …

Orsted’s finance and operations chiefs out after big losses Read More »

By Foo Yun Chee and Philip Blenkinsop BRUSSELS (Reuters) -Negotiators for EU governments and lawmakers reached a deal on Monday on targets for domestic supply of critical minerals such as lithium and nickel to reduce its reliance on third countries, principally China. The European Commission proposed the Critical Raw Materials Act in March, a centrepiece …

EU agrees mineral supply targets to cut reliance on China Read More »

By Greg Bensinger (Reuters) -Amazon.com has cut around 180 jobs in its games division, at least the second round of layoffs in under a week by the online retailer and digital streaming provider in a broader restructuring, an email viewed on Monday by Reuters showed. “After our initial restructuring in April, it became clear that …

Amazon cuts games unit jobs in broader restructuring Read More »

MADRID (Reuters) -Spanish builder ACS posted a nine-month net profit of 576 million euros ($616.2 million) on Monday, a 20% rise from last year and topping market expectations, as it expanded projects in the United States and benefited from toll-road unit Abertis. Analysts on average expected net profit to jump 15% to 552.67 million euros …

ACS reports 20% rise in net profit as sales grow in US Read More »

MILAN (Reuters) – Luxury sportscar maker Ferrari said on Monday it would hire 250 people in the first six months of next year and announced progammes for workers including a new share ownership plan and an enhanced bonus scheme. The announcement comes after workers’ strikes halted operations at several North American plants of Stellantis, GM …

Ferrari to hire 250 in first half of next year, launch employee share plan Read More »