(Reuters) -Tesla Inc Chief Executive Elon Musk said on Saturday that the electric vehicle maker’s total headcount will increase over the next 12 months, but the number of salaried staff should be little changed, backtracking from an email just two days ago saying that job cuts of 10% were needed. “Total headcount will increase, but …
Musk backtracks on job cuts, says Tesla salaried staff to be ‘fairly flat’ Read More »
LONDON (Reuters) – British transport minister Grant Shapps said on Sunday the government would work hard with the aviation industry to avoid a repeat of the chaos at airports last week as passengers faced lengthy delays and cancellations of hundreds of flights. Airports across Europe have struggled to cope with a post-pandemic rebound in demand, …
UK says it will work with aviation industry to solve travel chaos Read More »
AMSTERDAM (Reuters) – KLM, the Dutch arm of Air France-KLM, said it would not bring any further passengers on Saturday from European destinations to Amsterdam’s Schiphol Airport, its main hub. The airline, which had already cancelled dozens of flights to ease traffic pressure at the airport, said weather conditions and runway maintenance were preventing many …
KLM says it won’t bring more passengers to Amsterdam Saturday Read More »
(Reuters) -Abbott Laboratories said on Saturday that it has reopened its baby formula production plant in Sturgis, Michigan, taking a step toward alleviating an acute nationwide shortage that has sent parents scrambling for supplies. The company said it will begin production of EleCare and other specialty and metabolic formulas, with initial EleCare product release to …
Baby formula shortage could ease as Abbott reopens Michigan plant Read More »
BERLIN (Reuters) -Mercedes-Benz is recalling almost a million older cars from around the world due to possible problems with the brake booster, the company said on Saturday. Models of the ML, GL (BR 164) and R-Class (BR 251) series produced between 2004 and 2015 are affected, it said. Some 70,000 of them are in Germany. …
Mercedes to recall about 1 million older models worldwide Read More »
By Francesca Landini TRENTO, Italy (Reuters) -EU Economic Commissioner Paolo Gentiloni said on Saturday he aimed to present a reform of the eurozone Stability Pact after the summer, adding that the new rules would likely include country-specific debt targets. The European Union pact stipulates an upper limit of 60% for the ratio between the public …
EU’s Gentiloni aims to present Stability Pact reform after summer Read More »
ZURICH (Reuters) -Austria is releasing part of its strategic oil reserves to prevent fuel shortages after an incident at one of the country’s refineries, the government said on Saturday. Fuel reserves amounting to 112,000 tons of diesel and 56,000 tons of gasoline have been made available to cover the lost production at the OMV plant …
Austria releases part of oil reserves after incident at refinery Read More »
By Stanis Bujakera and Aaron Ross KINSHASA (Reuters) – More than $400 million in tax advances and loans that Democratic Republic of Congo’s state mining company Gecamines said it paid to the national treasury cannot be found, according to a report by the government’s public finances watchdog. State miner Gecamines holds minority stakes in several …
Congo auditor says $400 million went missing from state mining company Read More »
BERLIN (Reuters) – Food deliverer Delivery Hero will drop out of Germany’s blue chip stock index DAX replaced by consumer goods maker Beiersdorf from June 20, stock market operator Deutsche Boerse said on Friday. Just over a year after being relegated from the DAX, the Nivea cream maker and Hansaplast wound care Beiersdorf replaces Delivery …
Food deliverer Delivery Hero drops out of Germany’s blue chip index Read More »
By Akash Sriram and Jeffrey Dastin (Reuters) -Dave Clark, the executive who made Amazon.com Inc into a worldwide delivery behemoth, is stepping down as chief executive of the online retailer’s consumer business to pursue other opportunities, the company said on Friday. Amazon CEO Andy Jassy said he expects to name a replacement in the next …
Amazon executive behind its massive delivery operation to leave after 23 years Read More »
