TOKYO (Reuters) – Toyota Motor Corp will ramp up its battery-electric offerings by focusing on its Lexus luxury brand, its incoming chief executive said on Monday, but the company will not deviate from a long held strategy of exploring other technologies. The comments from Koji Sato, who takes over as the head of the world …
Toyota to ramp up on batteries, keep its options open, new CEO says Read More »
By John O’Donnell and Simon Jessop BERLIN/LONDON (Reuters) – A Russian scheme to grant loan payment holidays to troops fighting in Ukraine, and for banks to write off the entire debt if they are killed or maimed, has added to growing pressure for the remaining overseas lenders in Russia to leave. Almost a year since …
Analysis-Loans to Russian soldiers fuel calls for European banks to quit Read More »
BERLIN (Reuters) – BMW met its 2022 target for significantly higher pretax earnings than in the previous year, Focus Money magazine reported on Sunday, citing the German carmaker’s chief financial officer. “We had no reason to correct the forecasts … Otherwise we wouldn’t be sitting here so relaxed,” CFO Nicolas Peter was quoted as saying …
BMW meets 2022 pretax earnings target -Focus magazine citing CFO Read More »
BRUSSELS (Reuters) – Belgian prosecutors have charged another European Union lawmaker, Marc Tarabella, with corruption in a cash-for-influence scandal that shook the European Parliament, Belgium’s daily Le Soir reported. Tarabella, a Belgian socialist, was detained on Friday. Le Soir quoted federal prosecutors as saying on Saturday he was charged with corruption, money laundering and membership …
Belgium charges another EU lawmaker with corruption Read More »
MOSCOW (Reuters) – Russia’s State Duma introduced a bill late on Saturday setting discounts for Russian oil exports, according to the lower house of parliament’s website. Under the draft proposal, the discount on dated Brent oil will be limited to $34 per barrel in April, declining to $31 in May, $28 in June and $25 …
Russia proposes caps on oil export discounts -draft law Read More »
(Reuters) – Facebook parent Meta Platforms Inc has delayed finalizing the budgets of multiple teams as it prepares a fresh round of job cuts, the Financial Times reported on Saturday. In recent weeks there had been a lack of clarity surrounding budgets and future head count, the FT reported, citing two Meta employees familiar with …
Meta delays setting team budgets as Facebook parent plans fresh round of layoffs -FT Read More »
By John Irish, Noemie Olive and Ingrid Melander PARIS/TOURS (Reuters) – Hundreds of thousands of people demonstrated across France on Saturday seeking to keep up pressure on the government over its pension reform plans, including a move to raise the retirement age to 64 from 62. After three days of nationwide strikes since the start …
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LONDON (Reuters) -A trade union representing British firefighters recommended an improved pay offer from fire service employers on Saturday after it postponed planned strike action for members to vote on the offer. The Fire Brigades Union (FBU) said the pay offer of a 7% rise backdated to last July and for another 5% increase from …
UK firefighters’ union recommends members accept new pay offer Read More »
ROME (Reuters) – Italy is set to sign a new contract to sell four gas turbines to Azerbaijan, its industry minister said on Saturday ahead of his visit to the Asian country that is one of Rome’s most important energy partners. The deal will involve Italy’s Ansaldo Energia, a service provider for the power generation …
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ROME (Reuters) -The European Central Bank (ECB) must avoid pushing real interest rates too high, given the level of private and public debt in the euro area, a top Italian policymaker said on Saturday. ECB Governing Council member Ignazio Visco, who is also the Bank of Italy’s governor, added he did not believe a recession …
ECB must avoid unnecessary rise in real interest rates – Visco Read More »
