(Reuters) -Twitter Chief Executive Elon Musk said on Tuesday that the company had “a shot” at being cash flow-positive next quarter, as costs have been cut and users have risen. Musk, who was speaking at an investor conference that was webcast, said it was “startling” how poorly Twitter managed to make money off its messaging …
Musk says Twitter could be cash flow-positive next quarter Read More »
(Clarifies Fineqia is a crypto-focused investor) By Hannah Lang and Lisa Pauline Mattackal (Reuters) -For investors living on the digital edge, bitcoin is starting to look a little old-fashioned. Hooked on high growth, some are turning away from the original cryptocurrency – designed as an alternative to regular cash – in favor of its descendants …
Cryptoverse: Hooked on growth, bitcoin investors turn to smart tokens Read More »
By Tim Hepher and Federica Mileo PARIS (Reuters) – European planemaker Airbus narrowed a jetliner delivery gap compared with last year after a sharp increase in February and turned the page on a major legal dispute with Qatar Airways by reinstating billions of dollars of plane orders. The world’s largest planemaker said on Tuesday it …
Airbus narrows delivery gap, reinstates Qatar jet orders Read More »
By Foo Yun Chee BRUSSELS (Reuters) -Orange and MasMovil’s $19 billion Spanish telecoms merger faces a full-scale EU antitrust investigation, three people familiar with the matter said on Tuesday, in a test of whether EU regulators might ease up on deals in the sector. The tie-up between Spain’s second and fourth largest telecoms operators is …
Orange, MasMovil Spanish tie-up in EU antitrust crosshairs, sources say Read More »
By Foo Yun Chee and Oliver Hirt BRUSSELS/ZURICH (Reuters) -Swiss fragrance and flavour maker Givaudan said on Tuesday that it was being investigated by European Union and Swiss antitrust authorities after the EU announced earlier it had raided several companies on concerns of a cartel in the supply of fragrances and fragrance ingredients. The UK …
EU, UK, Swiss probe suspected fragrance cartel, Givaudan confirms cooperation Read More »
ZURICH (Reuters) – The Swiss National Bank cannot rule out that it will have to raise interest rates again to bring inflation under control, Chairman Thomas Jordan said on Tuesday. “We cannot rule out that we will have to further tighten monetary policy,” said Jordan in his final public appearance before the SNB makes its …
Swiss National Bank does not rule out more interest rate hikes Read More »
By Ron Bousso and Simon Webb HOUSTON (Reuters) – Europe will struggle over the next two winters to replace Russian natural gas supplies as China’s appetite for the fuel recovers, the chief executive of Norwegian energy giant Equinor told Reuters on Tuesday. Equinor became Europe’s top natural gas supplier last year after exports from Russia …
CERAWEEK-Europe gas supplies to stay tight 2 more winters, Equinor CEO says Read More »
LONDON (Reuters) -An investor consortium including Blackstone and Thomson Reuters, the parent company of Reuters News, is selling 1.7 billion pounds ($2.01 billion) worth of shares in the London Stock Exchange Group to trim its joint stake. Investment banks managing the sale of 23 million LSEG shares had orders for all the stock in the …
Blackstone-Thomson Reuters launch sale of $2 billion LSE Group stake Read More »
By Kate Abnett BRUSSELS (Reuters) – The European Union has drafted plans to nudge countries towards using more long-term, fixed-price electricity contracts, as part of a reform of Europe’s power market designed to shield consumers from price spikes. The European Commission is due to propose the reform on March 16, having pledged last year to …
Factbox-Europe’s draft plan to cushion power price spikes Read More »
BERLIN (Reuters) – Germany’s Henkel said on Tuesday that it expects slower industrial and consumer demand to curtail sales growth this year after price increases helped organic sales to jump 8.8% in 2022. Shares in the consumer goods company opened 2.5% lower on Tuesday in response to the announcement. Henkel forecast organic sales to grow …
Henkel to lose sales momentum in 2023 after last year’s jump Read More »
