ZURICH (Reuters) -Swiss consumer price inflation touched a 29-year high of 3.4% in June, more than economists had expected and the first time inflation in Switzerland has topped 3% since 2008. The reading — the fifth month in a row that inflation has risen above the Swiss National Bank’s 0-2% target range — fuelled talk …
Swiss inflation in June hits 29-year high of 3.4% Read More »
LONDON (Reuters) – Britain’s Financial Conduct Authority said on Monday it has decided to scrap the listing of standard shares in technology company Umuthi Healthcare Solutions due to “special circumstances”. “At this stage the FCA will not provide any further details of the circumstances which has led to the cancellation,” the watchdog said in a …
UK markets watchdog scraps listing of Umuthi Healthcare Read More »
GDANSK (Reuters) – Polish e-commerce firm Allegro said on Monday Roy Perticucci will replace Francois Nuyts as its chief executive from Sept. 1. Nuyts, also director of the parent company Allegro.eu, is set to resign from both functions on Aug. 31. Perticucci has over 20 years of experience leading retail and e-commerce businesses internationally, including …
Allegro appoints Roy Perticucci as new chief executive Read More »
MILAN (Reuters) – Telecom Italia (TIM) plans to shift about 21,000 workers, or nearly half of its 42,500 staff in Italy, into a network company it intends to create as part of its restructuring plan, two sources familiar with the matter said. The so-called NetCo comprises TIM’s domestic fixed access network and international submarine cable …
Italy’s TIM to shift half of domestic staff into NetCo – sources Read More »
DUBLIN (Reuters) – Ryanair had its busiest month ever in June as it flew 15.9 million passengers, up from just 5.3 million a year earlier and topping a previous high set in May. Its load factor, which measures how well an airline is filling available seats, reached 95% for the first time since the beginning …
Ryanair records busiest month ever in June, load factor hits 95% Read More »
PARIS (Reuters) – French care home company Orpea, under pressure over its business practices and the way it runs its homes, on Sunday announced proposals to shake of its board of directors to improve governance. Orpea said shareholders at its annual general meeting would be asked to appoint five new directors for a four-year term, …
Under-pressure care home firm Orpea proposes board shake-up Read More »
By Jorge Otaola and Eliana Raszewski BUENOS AIRES (Reuters) – The abrupt departure of Argentina’s economy minister and lack of a clear successor could threaten to further destabilize an economy already shaken by sky-high inflation, rising energy costs and growing fears over possible new defaults on debt. Martin Guzman, the architect of the South American …
Analysis: Hasty exit by Argentina’s economy minister could deepen market crisis Read More »
FRANKFURT (Reuters) – Germany’s road traffic agency said it was recalling Tesla models Y and 3 because of a fault in the automatic emergency call system that affects 59,000 vehicles globally. The KBA watchdog said on its website dated June 29 that a software flaw was causing a breakdown of the eCall, which is designed …
German road traffic agency says 59,000 Tesla vehicles have software glitch Read More »
By Hyunjoo Jin and Akash Sriram (Reuters) – Tesla Inc delivered 17.9% fewer electric vehicles in the second quarter from the previous quarter, as China’s COVID 19-related shutdown disrupted its production and supply chain. The world’s biggest electric car maker said on Saturday that it delivered 254,695 vehicles in the April to June period, compared …
Tesla’s deliveries fall, hurt by China’s COVID-related shutdown Read More »
MADRID (Reuters) – Spain-based cabin crew at Ryanair plan to strike for 12 days this month to demand better working conditions, the USO and SICTPLA unions said on Saturday, raising the prospect of travel chaos as the summer tourist season gets under way. The announcement came on the final day of the crews’ current strike, …
Ryanair cabin crew in Spain announce 12 more days of strikes Read More »
