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(Reuters) – German cabin crew union UFO on Thursday asked for a 15% salary increase and various add-ons as it kicked off pay talks with Lufthansa for about 19,000 flight attendants. The hike in pay would be appropriate after the extraordinary and successful recovery of air travel and given the record revenues of the company, …

German cabin crew union UFO asks for 15% salary increase for Lufthansa cabin staff Read More »

By Patrick Wingrove and Bhanvi Satija (Reuters) -U.S. and UK regulators both gave the thumbs up to Eli Lilly’s weight-loss treatment on Wednesday, paving the way for a powerful new rival to Novo Nordisk’s Wegovy in addressing record obesity rates. The two drugs are the most effective treatments for weight loss approved to date, and …

Lilly weight-loss drug gets green light from US, UK Read More »

ZAGREB (Reuters) – Coca Cola HBC said on Wednesday it was temporarily withdrawing batches of two soft drinks from sale in Croatia while the authorities there investigate cases of illness suspected to have been caused by the beverages. Earlier Croatia’s state inspection office ordered the local arm of Coca Cola HBC, which distributes Coca-Cola products, …

Coca Cola HBC withdraws some drinks in Croatia while illnesses investigated Read More »

(Reuters) – Meta Platforms on Wednesday said come 2024, advertisers will have to disclose when artificial intelligence (AI) or other digital methods are used to alter or create political, social or election related advertisements on Facebook and Instagram. Meta, the world’s second-biggest platform for digital ads, said in a blog post it would require advertisers …

Meta to require disclosures for AI-created, altered political ads Read More »

By Stephen Nellis (Reuters) -Semiconductor company Arm Holdings on Wednesday gave a fiscal third quarter sales outlook below Wall Street estimates, with the company attributing the forecast to a large deal that will likely land later than expected. Arm’s shares fell 4.6% to $51.90 in extended trading after the news. But the company, which sells …

Arm forecasts Q3 below Wall Street on deal delay, shares slip Read More »

By Helen Coster and Samrhitha A (Reuters) – Box office smash “Barbie” helped Warner Bros Discovery top core quarterly profit estimates but the effects of two Hollywood strikes and a weak advertising market could hamper earnings into next year, company executives said on Wednesday. The dour outlook sent the company’s shares tumbling 19%, their worst …

Warner Bros Discovery says strike effect, lousy ad market to bleed into 2024 Read More »

(Reuters) – Europe’s biggest copper smelter Aurubis will invest around $700 million to build a smelter for complex recycling materials in North America, the company said on Wednesday. The commissioning of the secondary smelter in Augusta, Georgia, is planned for the second half of 2024. On Wednesday, U.S. first lady Jill Biden toured the facility. …

Aurubis to invest about $700 million to build smelter in US Read More »

(Reuters) – Swedish electric vehicle (EV) maker Polestar trimmed its 2023 delivery forecast on Wednesday to the lower end of its earlier guidance and halved its gross margin target, amid fears of a slowdown in EV demand and global economic uncertainty. High interest rates to cool stubborn inflation have hampered sentiment as consumers looking to …

Swedish EV maker Polestar trims 2023 delivery forecast, halves margin target Read More »

(Reuters) – European Union lawmaker Brando Benifei, one of the architects of the bloc’s artificial intelligence rules, said on Wednesday that he expects the EU AI Act will serve as a “blueprint” that countries around the globe could use for their legislation. While several countries have been looking at ways to regulate AI, European lawmakers …

EU AI Act to serve as blueprint for global rules, Benifei says Read More »