By Supantha Mukherjee BARCELONA (Reuters) – HMD Global Oy, licensee of Nokia-brand smartphones, said on Saturday it is developing capabilities and processes this year to bring 5G device production to Europe. Europe has no big smartphone manufacturing presence, as all the major companies, including Apple and Samsung, make their phones in Asia to cut costs. …
Nokia phone maker HMD to set up production in Europe Read More »
(Reuters) – Stellantis CEO Carlos Tavares’ 2022 pay fell 14% to 14.9 million euros ($15.71 million), the maker of Fiat, Ram and Peugeot vehicles said in a filing on Friday. Tavares did not receive a retention bonus in 2022, compared with a bonus of about 2 million euros in 2021, the filing showed. Stellantis reported …
Stellantis CEO Tavares’ 2022 pay fell 14% to $15.7 million Read More »
DUBLIN (Reuters) – Irish inflation is expected to average between 4% and 5% across 2023, lower than the 7.1% the finance ministry most recently forecast last September, Finance Minister Michael McGrath said. Annual Irish inflation slowed to 7.8% in January after posting the sharpest monthly decline in seven years. It hit a 38-year high of …
(Fixes Reuters Instrument Code in first paragraph) MILAN (Reuters) -UniCredit <CRDI.MI> is considering a pay rise of between 20% and 40% for Chief Executive Andrea Orcel, Italian daily Il Sole 24 Ore reported on Saturday, citing market sources. Orcel’s pay package would rise to 9.0-10.5 million euros ($9.5-11.1 billion) from 7.5 million euros at present. …
UniCredit may hike CEO’s pay by up to 40% – newspaper Read More »
By Tassilo Hummel and Ingrid Melander PARIS (Reuters) -Global financial crime watchdog Financial Action Task Force (FATF) suspended Russia’s membership on Friday, saying Moscow’s war in Ukraine violated the organisation’s principles. FATF is an inter-governmental organisation set up to combat money laundering and terrorism financing by setting global standards and checking if countries respect them. …
Financial crime watchdog FATF suspends Russia over Ukraine war Read More »
By Michael S. Derby and Ann Saphir NEW YORK/SAN FRANCISCO (Reuters) -Expectations that the U.S. Federal Reserve will need to push interest rates higher and keep them elevated longer than previously projected rose on Friday after data showed a key inflation gauge accelerated last month. Even so, Fed policymakers speaking on Friday did not push …
Further Fed hikes expected after data dashes ‘disinflation’ hopes Read More »
By Kate Abnett BRUSSELS (Reuters) – Europe looks set to avert fuel shortages and end this winter in a position that, while not exactly comfortable, looks far better than was feared last autumn, after Russia curbed gas pipeline supplies dramatically. One year on from Russia’s invasion of Ukraine, here is how European Union countries are …
Explainer-Europe’s energy security better than feared after a year of war in Ukraine Read More »
By Victoria Waldersee BERLIN (Reuters) -German carmakers made it unscathed through a series of lawsuits led by environmental groups demanding they restrict their carbon emissions, with the final ruling issued on Friday – but the battle is not over, with all plaintiffs pledging to appeal. The heads of Greenpeace Germany and environmental NGO Deutsche Umwelthilfe, …
German carmakers survive first round of climate lawsuits Read More »
By Sumeet Chatterjee, Andres Gonzalez and Tatiana Bautzer (Reuters) – Credit Suisse Group AG’s new investment banking chief, Michael Klein, is expected to lay out his plans for the division next week as questions linger about the spin-out’s funding and structure, according to several people familiar with the matter. Klein is expected to brief Credit …
By Andrew MacAskill and Amanda Ferguson LONDON/BELFAST (Reuters) -Lawmakers in British Prime Minister Rishi Sunak’s Conservative Party have been told to be in parliament on Monday in a sign that a new post-Brexit deal to resolve the trading arrangements in Northern Ireland could be getting closer. After weeks of intense London-Brussels talks, momentum has been …
Hopes grow for Northern Ireland deal as UK politicians ordered to parliament Read More »
