DUBLIN (Reuters) – Ryanair flew 12% more passengers in August than in the same month last year, it said on Monday, its latest all-time traffic record in what is typically its busiest month. Europe’s largest airline by passenger volume said it flew 18.9 million passengers in August, up from 16.9 million a year earlier and …
Ryanair traffic hits new record in August, up 12% year on year Read More »
By Victoria Waldersee BERLIN (Reuters) – Automakers and suppliers are deprioritising sustainability initiatives in their sourcing policies and focusing on lowering exposure to geopolitical risk after years of supply chain turmoil, a survey of over 1,000 executives showed on Monday. The number of companies deploying sustainability initiatives like mapping their carbon footprint, optimising routes to …
Sustainability takes back seat in auto industry sourcing decisions – survey Read More »
(Reuters) -Britain’s Home REIT said on Monday it has appointed global property services firm Jones Lang LaSalle (JLL) to undertake valuations of the entire portfolio of the housing provider for the homeless. The company, rocked by a report in November last year from short-seller Viceroy Research that raised several concerns, including the valuation of the …
UK’s Home REIT appoints JLL to undertake valuation of its properties Read More »
MUNICH (Reuters) – Renault cannot afford to enter a discount race with Tesla or Chinese rivals, the French carmaker’s head of engineering told journalists at the IAA Munich car show. “The good strategy is to maintain prices and to adjust fixed costs,” Gilles Le Borgne said. Renault’s high exposure to Europe makes it one of …
Renault cannot afford discount race with Tesla, Chinese peers, executive says Read More »
MUNICH (Reuters) – The variable costs for producing electric vehicles will remain higher compared to combustion engine models for the foreseeable future, the chief executive of Mercedes-Benz said on Sunday, adding this would continue to fuel intense competition. Ola Kaellenius’s comments come as Mercedes-Benz disclosed more details about its newest electric vehicle architecture, the CLA …
Mercedes boss: EV costs will remain higher for foreseeable future Read More »
STOCKHOLM (Reuters) – Sweden’s government will pause an automatic hike in the threshold for paying state taxes this year, Finance Minister Elisabeth Svantesson told the Dagens Nyheter, saving around 12 billion Swedish crowns ($1.1 billion). The threshold for paying an additional state income tax over and above local taxes is usually raised in line with …
Sweden to pause inflation-linked hike in state taxes in budget Read More »
PARIS (Reuters) – Food price inflation in France will likely fall significantly starting in January, following the government’s plan to bring forward annual price negotiations between retailers and consumer goods companies initially planned for next year, Carrefour chairman and chief executive Alexandre Bompard said on Sunday. “Starting in January, we should see the level of …
French food price inflation likely down ‘significantly’ in Jan – Carrefour CEO Read More »
By Giuseppe Fonte and Giancarlo Navach CERNOBBIO, Italy (Reuters) -Itay can still achieve economic growth of 1% this year despite the fall in output reported in the second quarter, Economy Minister Giancarlo Giorgetti said on Sunday. Italy’s gross domestic product (GDP) shrank by 0.4% in the second quarter from the first and its manufacturing sector …
Italy sticks with 1% growth target in 2023 despite weak second quarter Read More »
CERNOBBIO, Italy (Reuters) – Italy’s Treasury will cut its stake in bailed-out bank Monte dei Paschi di Siena (MPS) in its own time and won’t be pressured, Economy Minister Giancarlo Giorgetti said on Sunday. His remarks come after Foreign Minister Antonio Tajani said on Saturday Rome might accelerate the privatisation of MPS and make a …
Italy will cut Monte dei Paschi stake in its own time- economy minister Read More »
By Giselda Vagnoni and Giancarlo Navach CERNOBBIO, Italy (Reuters) -Italy’s new tax on bank profits can be improved on, economy minister Giancarlo Giorgetti said on Sunday, denying that the new levy was unjust. “It may be that the tax is inappropriate, it can certainly be improved upon … but I do not accept that it …
Italy’s windfall tax on banks can be improved on, economy minister says Read More »
