(Corrects to read Wednesday (not Monday), paragraph 1) HELSINKI (Reuters) – Finnair will reduce its fleet, cut costs and seek to build a geographically more balanced network, the Finnish national carrier said on Wednesday in a new strategy to solve its profitability problems. Finnair has been working on a new strategy and seeking new commercially …
Finnair to cut costs, reduce fleet to return profitable Read More »
MOSCOW (Reuters) – The rouble opened weaker on Wednesday, under pressure from lower oil prices, as President Vladimir Putin told an economic forum in Russia’s far east that the West’s futile and aggressive attempts to isolate Russia with sanctions were failing. Putin, speaking at Russia’s Eastern Economic Forum in the Pacific city of Vladivostok, said …
Rouble slips as Putin addresses forum in Russia’s far east Read More »
(Reuters) -British lender Barclays on Wednesday appointed Standard Chartered’s Daniel Hanna as its global head of sustainable finance for the corporate and investment bank to help deliver its climate strategy. Hanna was, for the past four years, the global head of sustainable finance at Standard Chartered. “As the world deals with the impact of high …
Barclays poaches StanChart’s global head of sustainable finance Read More »
LONDON (Reuters) – British transport operator Go-Ahead said that it had detected “unauthorised activity” on its network earlier in the week, adding that the cyber security incident had no impact on its UK or international rail services. The incident has been notified to relevant regulators, the company said in a statement on Tuesday. (Reporting by …
Transport operator Go-Ahead flags cyber security breach Read More »
MADRID (Reuters) -Spain will extend a gas price cap to power plants linked to heavy industry amid fears Russia could cut off all gas supply to Europe by land or sea, Spanish Prime Minister Pedro Sanchez said on Tuesday. Sanchez said the government will temporarily change power market regulations relating to the use of heat …
Spain extends gas price cap amid fears of total Russian gas cut-off Read More »
By Charlotte Van Campenhout AMSTERDAM (Reuters) -A surge in energy prices is threatening a wave of closures across the Dutch bakery sector, its industry lobbies warned on Tuesday, with some businesses saying costs have risen as much as tenfold. Dutch inflation hit 12% in August, Statistics Netherlands said on Tuesday, driven largely by a 151% …
Dutch bakeries face threat of closure as energy costs surge, industry bodies say Read More »
By Bansari Mayur Kamdar and Johann M Cherian (Reuters) -British stock indexes ended higher on Tuesday boosted from financials and retailers as investors digested Liz Truss’s appointment as new prime minister against the background of surging prices and looming recession. The blue-chip FTSE 100 index edged up 0.2% to close higher for a third straight …
UK stocks end higher on financials, retailers boost Read More »
FRANKFURT (Reuters) – German logistics entrepreneur Klaus-Michael Kuehne, the biggest shareholder in Lufthansa, is planning to buy additional shares in the airline, he said on Tuesday. “Our interest in Deutsche Lufthansa AG remains high,” Kuehne said in a statement, adding he was aiming to “acquire further Lufthansa shares when there is an opportunity. Kuehne owns …
Lufthansa’s top shareholder Kuehne wants to buy more stock Read More »
By Victoria Waldersee BERLIN (Reuters) -Porsche will only backtrack on its stock market debut if severe geopolitical problems arise, the sportscar brand’s chief financial officer said on Tuesday, while a source close to the IPO said there was investor appetite in every region worldwide. Even as markets roiled from Russia halting gas supply to Europe …
Only major geopolitical problem will stop Porsche IPO, CFO says Read More »
MILAN (Reuters) – A final decision on whether to double the capacity of the Trans Adriatic Pipeline (TAP) gas link will be taken early next year, TAP’s Managing Director said on Tuesday, adding that the additional gas will come from several Azeri fields. The European Commission in July signed a memorandum of understanding with Azerbaijan …
Final decision on doubling TAP gas link capacity in early 2023, exec says Read More »
