PARIS (Reuters) – German air taxi developer Lilium Air Mobility said on Thursday it had reached a maximum speed of 250 kilometres per hour with a technology demonstrator, calling it a key milestone on the way to certifying its electrically powered flying shuttles in 2025. The threshold was reached during testing of the Phoenix 2 …
German air taxi firm Lilium says reaches 250 kph in testing Read More »
By Luc Cohen NEW YORK (Reuters) – Sam Bankman-Fried’s lawyers said on Wednesday it may be necessary to delay the FTX cryptocurrency exchange founder’s scheduled Oct. 2 criminal trial, arguing it may take more time than expected to review the evidence and prepare a defense. In a letter to U.S. District Judge Lewis Kaplan, the …
Bankman-Fried’s lawyers say October trial may need to be delayed Read More »
By Jonathan Stempel NEW YORK (Reuters) – A New York judge rejected a bid by the former Lehman Brothers’ bankrupt European unit to claw back $485 million from bond insurer Assured Guaranty Ltd over transactions that were canceled amid the global financial crisis. In a decision on Wednesday, Justice Melissa Crane of a New York …
Lehman Brothers’ European unit loses bid to recoup $485 million from bond insurer Read More »
By Shadia Nasralla (Reuters) -Harbour Energy, Britain’s largest oil and gas producer, said on Thursday it will conduct a $200 million share buyback, after higher oil prices helped free cashflow triple to $2.1 billion but windfall taxes weighed on its profit. After Britain increased taxes on oil and gas producers to 75% last year, Harbour …
Harbour Energy plans share buyback after cashflow triples, windfall tax weighs Read More »
By Susan Mathew and Shristi Achar A (Reuters) -London’s FTSE 100 closed lower on Thursday amid investor caution over higher U.S. interest rates, with mining stocks leading the falls as metal prices dropped due to a stronger dollar. The blue-chip internationally-focused FTSE 100 index fell 0.6%, and the mid-cap index lost 0.8%, extending losses for …
UK stocks slip as investors weigh prospects of more U.S. rate hikes Read More »
By Forrest Crellin and America Hernandez PARIS (Reuters) – Workers striking in protest against proposed changes to France’s pension system continued to block fuel deliveries and reduce electricity production at several sites on Thursday. Power supply was reduced by 8.2 gigawatts (GW), or 13% of overall production, across some of the country’s nuclear, thermal and …
French pension strikes continue to disrupt power output, fuel supplies Read More »
By Sinchita Mitra and Iain Withers LONDON (Reuters) -M&G’s newly installed chief executive Andrea Rossi said on Thursday his asset management and insurance business was capable of boosting profits independently, and had no plans to engage with predators reportedly circling the company. The firm was linked in a media report recently to a potential takeover …
M&G CEO says asset manager can go it alone amid takeover talk Read More »
(Reuters) -Britain’s Domino’s Pizza Group Plc said on Thursday its profit this year would be impacted by investments in cloud-based technology platforms, sending its shares down more than 8%. The company said it expects underlying core profit this year to be within market expectations, excluding about 9 million pounds ($10.69 million) to be incurred in …
UK’s Domino’s expects tech investments to hit 2023 profit Read More »
By Shreyashi Sanyal (Reuters) -European shares fell on Thursday, with real estate and mining stocks leading declines, as investors grew increasingly worried about the prospects of interest rates staying higher for longer. The STOXX 600 index dropped 0.4%, after closing higher in the previous session likely buttressed by Federal Reserve Chair Jerome Powell’s comments that …
European shares dragged by miners, real estate; rate hike worries linger Read More »
MOSCOW (Reuters) – Russia’s largest lender Sberbank expects its profit this year to return close to levels before the Ukraine crisis, CEO German Gref said on Thursday after reporting a 78.3% slump last year owing to sweeping Western sanctions. Sberbank made a 270.5 billion rouble profit last year, down from a record 1.25 trillion roubles …
Russia’s Sberbank expects profit to rebound this year Read More »
