BERLIN (Reuters) -All flights were cancelled at Germany’s BER airport in the capital Berlin on Wednesday, the operator said, as staff went on strike for the day to press pay demands. About 300 take-offs and landings with nearly 35,000 passengers were originally planned for Wednesday. The strike began at around 3:30 a.m. (0230 GMT). The …
Strike over pay grounds all flights at Berlin airport – operator Read More »
By Jagoda Darlak (Reuters) -Swiss fragrance and flavour maker Givaudan on Wednesday posted a slowdown in end-year sales, putting further strain on margins in a year marked by high input costs and supply chain disruptions. The group, which has so far passed the steep cost increases on to customers including cosmetics firms and drinks makers, …
Flavour maker Givaudan’s sales slow as North America weighs Read More »
MILAN (Reuters) – Italian gaming company Lottomatica said on Wednesday it was considering strategic alternatives to support growth, including a potential public listing, as it posted a core profit of around 460 million euros ($501 million) for 2022. An initial public offering, which sources had told Reuters could take place in the second quarter, would …
Italy’s Lottomatica eyes IPO as Q4 core profit rises 7-11% Read More »
(Reuters) – European stocks inched lower on Wednesday as investors assessed a slew of earnings reports including chip equipment maker ASML’s, while fears of more interest rate hikes kept investors on edge. The pan-European STOXX 600 fell 0.2% by 0816 GMT, with technology and financials declining the most. Shares of ASML Holding NV lost 2% …
European shares slip as investors weigh earnings reports Read More »
(Reuters) – Spanish telecom operator Telefonica has agreed with the main unions to raise the wages of almost 13,000 workers in Spain by 7.8% in 2023 to offset the effects of high inflation, the company said on Wednesday. The pay rise includes 6.3% to offset the impact of inflation between 2019 and 2022 and 1.5% …
Telefonica raises Spanish workers’ wages by 7.8% in 2023 Read More »
(Reuters) -Microsoft Corp reported a better-than-expected quarterly profit on Tuesday as strong performance at its cloud services business helped offset a slump in the personal computer market, sending its shares 4% higher in extended trading. The upbeat results from Microsoft, whose business spans cloud services, software, gaming and computer hardware, will likely allay fears of …
Microsoft’s profit beats estimates on strong cloud performance Read More »
By Victoria Waldersee and Christina Amann BERLIN (Reuters) -Ford will decide by mid-February how many jobs to cut in Europe a German union said on Tuesday, as reports surfaced that China’s BYD was one of 15 investors interested in buying the U.S. carmaker’s site in Saarlouis, Germany. The future of the Saarlouis site has been …
Ford to make call on Europe job cuts by mid-Feb as buyers circle German site Read More »
LONDON (Reuters) – French bank BNP Paribas on Tuesday pledged to slash the money it has outstanding with the oil extraction and production industries to less than one billion euros ($1.1 billion) by 2030, an 80% decline from its current balance of five billion euros. The lender said it stopped financing oil projects back in …
BNP Paribas vows to slash oil lending by 80% by 2030, fund renewables Read More »
By Hyunjoo Jin and Jody Godoy SAN FRANCISCO (Reuters) – Elon Musk testified on Tuesday that he had “no ill motive” when he tweeted in 2018 that he had funding lined up to buy out his electric car company Tesla Inc, a claim that some shareholders have branded a lie. Musk is defending against claims he …
Musk tells jury he had ‘no ill motive’ behind Tesla tweet Read More »
By Diane Bartz and David Shepardson WASHINGTON (Reuters) -The U.S. Justice Department sued Alphabet’s Google on Tuesday, accusing the company of abusing its dominance of the digital advertising business and saying it should be forced to sell its ad manager suite, in the government’s latest jab at thwarting Big Tech’s market power. The lawsuit tackles …
U.S. targets Google’s online ad business monopoly in latest Big Tech lawsuit Read More »
