Reuters UK Business

MILAN (Reuters) – Puma has more than doubled the value of its sponsorship deal to kit out AC Milan, a source familiar with the matter told Reuters on Wednesday, as the German sportswear group extended its partnership with the Italian soccer champions. Milan have just won the Italian Serie A league title for the first …

Puma pays higher price to kit out Italian champions AC Milan Read More »

WARSAW (Reuters) – Poland has reached an agreement with air traffic controllers in a dispute over pay and conditions, the head of the Polish Air Navigation Services Agency (PANSA) said on Wednesday, in a welcome relief for holidaymakers fearing flight cancellations. Authorities had until July 10 to thrash out a deal with the controllers, who …

Poland reaches deal with air traffic controllers, avoiding flight chaos Read More »

By Hyunjoo Jin SAN FRANCISCO (Reuters) – Tesla has shuttered its office in San Mateo, California and laid off roughly 200 employees working on its Autopilot driver-assistant system there, one of the people told Reuters, in a move seen as accelerating cost-cutting. Most of the laid-off people had been hourly workers, that person said. Early …

Tesla closes an office as layoff hits Autopilot jobs, including hourly ones Read More »

(Reuters) – Federal Reserve policymakers on Tuesday promised further rapid interest-rate hikes to bring down high inflation, but pushed back against growing fears among investors and economists that sharply higher borrowing costs will trigger a steep downturn. “Many are worried that the Fed might be acting too aggressively and maybe tip the economy into recession,” …

Fed officials promise rate hikes, push back on recession fears Read More »

MILAN (Reuters) -Italian energy services firm Saipem said it would challenge Tuesday’s decision by an Algerian court to uphold a previous ruling and fine against the company in a case centred around a natural gas contract. Saipem said in a statement the court of appeals of Algiers had ruled the company and some of its …

Italy’s Saipem to appeal Algerian ruling, fine over Arzew contract Read More »

By Kenneth Li (Reuters) -Thomson Reuters Corp on Tuesday named Paul Bascobert as president of Reuters News, turning to a tech and media veteran to drive growth at the 171-year-old news organization. Bascobert, 58, is a former CEO of U.S. print giant Gannett Co Inc, which owns USA Today. He also has held senior positions …

Thomson Reuters names ex-Gannett CEO as Reuters News president Read More »

By Kate Abnett LUXEMBOURG (Reuters) -EU countries struggled on Tuesday to agree on new legislation to help combat climate change, with disagreements centred around a fund to help poorer citizens cope with CO2 costs and on how strict to make a 2035 phaseout of new fossil fuel cars. Environment ministers from the European Union’s 27 …

EU climate talks head into overtime as countries scrap over funds Read More »

By Jonathan Stempel (Reuters) – A federal judge in Washington, D.C. on Tuesday dismissed a lawsuit by eight citizens of Mali who sought to hold Hershey Co, Nestle SA, Cargill Inc and others liable for child slavery on Ivory Coast cocoa farms. U.S. District Judge Dabney Friedrich said the plaintiffs in the proposed class action …

Hershey, Nestle, Cargill win dismissal in U.S. of child slavery lawsuit Read More »