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DUBLIN (Reuters) -Ryanair has agreed a four-year pay deal with its Irish pilots union, including immediate restoration of pay that was cut to help the airline through the COVID-19 pandemic, it said on Tuesday. The budget carrier earlier said it had reached similar agreements with all its pilots unions except those in Ireland and Belgium. …

Ryanair agrees four-year pay deal with Irish pilots union Read More »

BERLIN (Reuters) -Executive board members at German airline Lufthansa will each receive several million euros as a bonus for 2021 and 2022 despite the company receiving pandemic-related state aid during that time, German daily Handelsblatt reported on Tuesday. The supervisory board approved the payments at a meeting in early December, Handelsblatt reported, citing company sources. …

Lufthansa exec board to receive bonuses for 2021, 2022 despite state aid – Handelsblatt Read More »

OSLO (Reuters) – Norway’s crude oil and gas output fell in November from the previous month, lagging official forecasts, preliminary data from the Norwegian Petroleum Directorate (NPD) showed on Tuesday. Crude oil output fell to 1.74 million barrels per day (bpd) in November, 8.7% below a forecast of 1.91 million bpd and down from 1.75 …

Norway’s November oil and gas output lag forecast Read More »

By Tom Wilson and Jesús Aguado LONDON/MADRID (Reuters) -British lender TSB has been fined 48.65 million pounds ($59.1 million) over a botched IT platform migration in 2018 that locked millions of its customers out of their accounts, UK regulators said on Tuesday. The IT upgrade “immediately experienced technical failures”, the Financial Conduct Authority (FCA) and …

British bank TSB fined 48.7 million pounds over botched IT migration Read More »

BERLIN (Reuters) -Germany’s producer price index eased in November for the second month in a row, adding to signs that high inflation could be waning in Europe’s largest economy as the cost of natural gas and electricity fell, according to data released on Tuesday. Producer prices of industrial products rose 28.2% on the same month …

German producer prices rise less than expected in November Read More »

(Reuters) – European shares fell on Tuesday, bogged down by real estate and technology stocks, after the Bank of Japan rattled global markets with a surprise policy shift that would allow long-term interest rates to rise more. The region-wide STOXX 600 index was down 0.9% by 0808 GMT, touching its lowest levels since Nov. 10. …

European shares at 1-1/2-month low after BOJ’s policy shift Read More »

By Elena Fabrichnaya MOSCOW (Reuters) -Trading volumes on Moscow Exchange, Russia’s largest bourse, surpassed 1 quadrillion roubles ($14.44 trillion) for the second year running, it said on Monday, in part due to enhanced repo operations turnover. “The current year has not been easy. Markets faced unprecedented challenges,” said Yuri Denisov, head of MOEX Group, which …

Moscow Exchange says 2022 trading volumes surpassed $14.4 trillion Read More »

By P.J. Huffstutter and Tom Polansek CHICAGO (Reuters) – Seeds and pesticides company Corteva Inc will eliminate U.S. jobs next year, as its exit from Russia reduces demand for its commercial sunflower seeds produced in California, the company said on Monday. Corteva will cut 51 positions from a Woodland, California facility, run by its Pioneer …

Seedmaker Corteva cuts U.S. jobs while exiting Russia Read More »