STOCKHOLM (Reuters) – Crisis-hit airline SAS and unions have made progress on a new savings deal to end a 13-day pilots’ strike, but significant issues have yet to be resolved, a mediator told news agency E24 on Saturday. A majority of SAS pilots in Sweden, Denmark and Norway walked out on July 4 after negotiations …
SAS and striking pilots closer to deal but issues remain, mediator tells E24 Read More »
By Sheila Dang (Reuters) -Elon Musk filed a motion on Friday opposing Twitter Inc’s request to fast-track a trial over his plan to terminate his $44 billion deal for the social media firm. Musk’s lawyers, in papers filed with the Delaware Chancery Court, said Twitter’s “unjustifiable request” to rush the merger case to trial in …
Elon Musk seeks to block Twitter request for expedited trial Read More »
(Reuters) – Amazon.com Inc is pausing the construction of six new office buildings in Bellevue and Nashville to reevaluate the designs to suit hybrid work, the tech giant said on Friday. The pausing and delay of construction will not affect Amazon’s hiring plans, a company spokesperson said, reiterating the firm’s proposal to create 25,000 jobs …
Amazon pauses work on six new U.S. office buildings to weigh hybrid work needs Read More »
By David Milliken LONDON (Reuters) – British Prime Minister Boris Johnson will offer millions of public sector workers pay rises averaging 5% next week, the Financial Times reported on Friday, citing unnamed government ministers. Annual pay reviews for almost half of public sector workers – including teachers, nurses, police, prison staff, civil servants and the …
(Reuters) – Netflix Inc’s streaming service was back up after facing a more than hour-and-a-half long disruption across all devices, the company said on Friday. There were thousands of reports of an outage from countries including the United States, France and India on Downdetector, which collates status reports from a number of sources. Netflix had …
By Helena Soderpalm STOCKHOLM (Reuters) -Crisis hit airline SAS said on Friday negotiations with pilots to secure new working terms and make savings that will allow it to secure its future will start again on Saturday. A majority of SAS pilots in Sweden, Denmark and Norway walked out on July 4 after negotiations over conditions …
SAS and unions to resume talks on Saturday as pilot strike drags on Read More »
By Sruthi Shankar and Bansari Mayur Kamdar (Reuters) -London’s FTSE 100 index ended the week lower on worries about aggressive interest rate hikes and a sharp slowdown in the global economy, even as energy and defensive stocks lifted the benchmark index more than 1% on Friday. The FTSE 100 added 1.7%, supported by energy giant …
UK stocks end the week lower as slowdown woes mount Read More »
PARIS (Reuters) – Shares in Burberry and Richemont slumped on Friday, hit by concern over the damage to the luxury industry from China’s COVID-19 lockdowns as dismal GDP data from the country cast a gloomy outlook for the future. Adding to investor jitters, the companies also highlighted signs of weakness creeping into the U.S. market, …
Burberry, Richemont shares slump on China jitters, weaker US Read More »
BERLIN (Reuters) – Volkswagen Group saw sales fall by 22.2% in the first half of this year from last year’s figures, company data showed on Friday, dragged down by a steep drop in Europe, with battery-electric sales boosted by growth in China. Total deliveries to customers worldwide were down 22.4% in the second quarter of …
By Swathi Nair BENGALURU (Reuters) – The European Central Bank will stand by its policy guidance and raise its deposit rate by 25 basis points next Thursday, but a narrow majority of economists polled by Reuters said it should go for a bigger half-point hike. This week the euro fell to and below parity with …
ECB set for 25bps rate hike in July; slim majority say should do 50 -economists Read More »
