MADRID (Reuters) -Irish airline Ryanair said on Thursday it reached a five-year agreement with labour unions representing pilots in France and in Spain to improve work conditions. The agreements, ratified by both parties on Monday, include a return to pre-COVID salaries and “allow wage improvements and other benefits beyond the full return to salaries for …
Ryanair reaches 5-year deal with pilot unions in France, Spain Read More »
By Sujata Rao and Dhara Ranasinghe LONDON (Reuters) – If the U.S. Federal Reserve killed off forward guidance in June, the European Central Bank may have just hammered the final nail in the coffin of a tool officials had long used to provide monetary policy signals to financial markets. The ECB delivered a half-percentage-point rate …
Analysis-R.I.P. forward guidance: Inflation forces central banks to ditch messaging tool Read More »
By Hyunjoo Jin SAN FRANCISCO (Reuters) – Tesla Inc is falling short of CEO Elon Musk’s target to make its own next-generation batteries, sparking questions over the top electric car maker’s ability to maintain its blistering expansion of auto production next year and beyond. Tesla said on Wednesday it would rely on suppliers to meet …
Analysis-‘Unknowns’ delay Tesla’s ramp-up of its own cutting-edge batteries Read More »
PARIS (Reuters) – French billionaire and LVMH chief Bernard Arnault has changed the legal structure of his family holding company Agache to a joint-stock partnership to ensure family control over LVMH in the long term, the company said on Thursday. The change does not affect its current shareholding, Arnault said in a statement. Under the …
LVMH’s Bernard Arnault restructures holding for ‘long-term family control’ Read More »
BERLIN (Reuters) – An agreement on a bailout for German utility Uniper is in sight, with the state set to take a stake in the company, German government and parliamentary sources said on Thursday. A deal could be announced as soon as Friday, two people with knowledge of the matter said. Germany is scrambling to …
Uniper rescue in sight, with Germany set to take stake – sources Read More »
(Reuters) – Ratings agency Moody’s downgraded Telecom Italia’s credit rating by one notch to ‘B1’ on Thursday, citing expectations its leverage will remain high and free cash flow will stay negative over the next two to three years. Telecom Italia’s shares fell over 6% on Thursday, hitting an all-time low as the Italian government’s collapse …
Moody’s cuts Telecom Italia’s credit rating by one notch to ‘B1’ Read More »
By Sruthi Shankar and Bansari Mayur Kamdar (Reuters) -UK’s FTSE 100 crawled higher on Thursday as gains in financial stocks offset the weakness in energy and healthcare shares, while positive corporate earnings reports supported the mid-cap index. The blue-chip FTSE 100 rose 0.1% with private equity company 3I Group among its biggest boosts after a …
Financials lift FTSE 100; earnings boost midcaps Read More »
MADRID (Reuters) – The chief financial officer of Spanish lender Bankinter said on Thursday that a proposed tax on Spanish banks to help tackle the rising cost of living was unfair and could hit capital levels. The Spanish government is meeting on Friday with banks to discuss a planned 3 billion euro ($3.06 billion) levy …
Bankinter says proposed tax on Spanish banks is unfair, hurts capital Read More »
LONDON (Reuters) – Britain’s competition and aviation regulators warned airlines on Thursday of potential enforcement action if travellers faced more flight disruptions and cancellations through the summer. “We are concerned that consumers could experience significant harm unless airlines meet their obligations and minimise flight disruptions throughout the summer and beyond,” the Competition and Markets Authority …
UK regulators warn airlines about flight cancellations Read More »
LONDON (Reuters) – The Bank of England set out proposals on Thursday for minimum reliability standards for companies like Microsoft, Google and Amazon which supply key services to banks and markets. “It is vital that the firms we regulate can rely on services provided to them by third parties, particularly where those third parties have …
Bank of England sets out plans to regulate third party services to banks Read More »
