By Foo Yun Chee BRUSSELS (Reuters) – EU antitrust regulators have asked app developers whether Alphabet unit Google’s threat to remove apps from its Play Store if they use other payment options instead of its own billing system has hurt their business, two people familiar with the matter told Reuters. Critics say fees charged by …
EU antitrust regulators quiz developers on Google app payments – sources Read More »
FRANKFURT (Reuters) – Ground staff of Germany’s Lufthansa and management have reached a pay deal after a third round of negotiations, the Verdi labour union and the carrier said on Thursday. The pay dispute resulted in a strike last week, prompting the cancellation of more than 1,000 flights and adding to travel disruptions during the …
Lufthansa ground staff agree pay deal after strike Read More »
By Nivedita Balu and Shankar Ramakrishnan (Reuters) – Facebook-parent Meta Platforms said on Thursday it would make its first-ever bond offering, at a time when the social media company is making massive investments to fund its virtual reality projects. While Meta did not disclose the size of the offering, IFR News reported the bond sale …
Facebook parent Meta makes first-ever bond offering Read More »
(Reuters) -Credit Suisse Group AG is discussing slashing thousands of jobs globally, Bloomberg News reported on Thursday, citing people familiar with the matter. Hours after the news, Fitch Ratings cut Credit Suisse’s rating and kept a negative outlook for the bank, joining Moody’s Investors Service, which earlier this month had downgraded Switzerland’s second-biggest bank. Credit …
Credit Suisse mulls cutting thousands of jobs globally, report says Read More »
By Shreyashi Sanyal (Reuters) -The FTSE 100 stock index was little changed on Thursday as investors weighed the biggest interest rate hike from the Bank of England in 27 years, which raised fears of a looming recession even as it weighed on the pound. The British central bank’s Monetary Policy Committee voted 8-1 for a …
FTSE 100 ends flat after BoE’s biggest rate hike in 27 years Read More »
By Nina Chestney LONDON (Reuters) -British energy market regulator Ofgem will review a price cap on domestic energy prices quarterly rather than twice a year, which will increase consumer bills more frequently if wholesale prices continue to rise. British wholesale gas prices hit a record high after Russia’s Feb. 24 invasion of Ukraine and have …
Britons face faster energy price rises under quarterly price cap review Read More »
By Aby Jose Koilparambil (Reuters) – UK-based events organiser Informa Plc expects its profits to return to pre-pandemic levels only by 2024 or 2025, its chief executive said on Thursday, after posting a surge in half-year earnings riding on robust demand for physical events and other services. The profit jump, compared with a weak base …
UK’s Informa sees return to pre-pandemic profits by 2024 or 2025 Read More »
By Diana Mandia and Alizee Degorce (Reuters) -Mobile operator Veon reported a 5.6% rise in second-quarter revenue on Thursday, driven by a rising number of subscribers and Ukrainian refugees’ data usage, coupled with an inflationary pricing strategy. Although the firm has been facing geopolitical uncertainties amid the Russia-Ukraine conflict, which investors feared could put pressure …
Ukrainian diaspora ‘boosts data usage’ for Mobile operator Veon Read More »
BERLIN (Reuters) – Germany’s Lufthansa said on Thursday it expected demand for short-haul flights in Europe to drive growth at its passenger airlines this year, forecasting a return to group operating profit for the full year. Travellers have returned to the skies following COVID-19 pandemic-related travel restrictions in 2020 and 2021, helping airlines like Lufthansa, …
Lufthansa sees return to full-year profit as travel picks up Read More »
By Paul Sandle LONDON (Reuters) -Aero-engineer Rolls-Royce disappointed investors by reporting a bigger-than-expected fall in first-half profit on Thursday, underscoring the challenge facing its new chief executive of restoring the health of its civil aviation business. Shares in Rolls-Royce fell 7.5% after the British company, whose engines power the Airbus A350 and Boeing 787, reported …
Rolls-Royce profit slumps as it battles inflation, supply-chain disruption Read More »
