FRANKFURT (Reuters) -Lufthansa will continue talks with German pilots’ union VC over a pension dispute, both parties said on Friday, averting a possible strike at its core airline for the time being. The union’s members had previously voted in favour of a walkout to pressure Lufthansa into agreeing a more generous pension deal. After constructive …
Under strike threat, Lufthansa to continue talks with pilots’ union Read More »
(Reuters) -Bricks and concrete maker Ibstock warned on Friday that its annual profit would fall below expectations amid persistent weakness in UK construction, sending shares down as much as nearly 15% in early trading. The profit warning underscores growing challenges for construction material suppliers in the UK, as builders pull back amid economic uncertainty. The …
UK’s Ibstock warns of profit drop amid construction market woes Read More »
ATHENS (Reuters) -Greece is working hard to finalise a contract with U.S. oil major Chevron and its Greek partner Helleniq Energy for energy exploration offshore Greece by the end of the year, the country’s energy minister said on Friday. Chevron and Greece’s biggest oil refiner Helleniq submitted a joint bid in a Greek tender this …
Greece seeks to finalise Chevron gas exploration contract this year, says minister Read More »
By Kate Abnett and Virginia Furness LONDON (Reuters) -TotalEnergies and Siemens have called on European governments to abolish one of the EU’s flagship corporate sustainability laws in order to boost the continent’s competitiveness, a letter seen by Reuters shows. TotalEnergies CEO Patrick Pouyanne and his Siemens AG counterpart Roland Busch wrote the letter to French …
TotalEnergies, Siemens urge EU to abolish climate law, letter shows Read More »
BERLIN (Reuters) -German Finance Minister Lars Klingbeil said on Friday that he is confident European Union countries will find a solution to use Russian central bank assets to help Ukraine. The European Union is searching for a way to finance Ukraine’s defence and reconstruction with Russian central bank assets immobilised in the West after Moscow’s …
German minister confident a way will be found to use Russia’s frozen assets Read More »
(Reuters) -British recruiter Hays reported an 8% fall in first-quarter like-for-like net fees on Friday, and warned that challenging conditions from a sluggish job market are likely to persist in the current fiscal year. Hays, whose annual profit slumped 57% in the last fiscal year as employers cut back on permanent hiring and new job …
Recruiter Hays warns of tough year ahead after 8% fall in net fees Read More »
ZURICH (Reuters) -Swiss medical technology company Ypsomed said on Friday it will establish its first manufacturing facility in the United States with an initial $200 million investment in the town of Holly Springs, North Carolina. Ypsomed, a maker of self-injection systems, said it plans to create about 100 new jobs and wants to roughly double …
Swiss firm Ypsomed to build first U.S. plant, plans $200 million investment Read More »
By Savyata Mishra (Reuters) -Levi Strauss raised its full-year profit forecast on Thursday but fell short of Wall Street expectations owing to costs linked to U.S. import tariffs, sending shares of the denim maker down 7.5% in extended trading. The retailer has taken steps including securing about 70% of its holiday inventory ahead of schedule …
Levi Strauss forecasts annual profit below estimates as tariffs bite Read More »
(Reuters) -OpenAI said on Thursday the arguments it presented to EU authorities last month mirrored its public statements about competition in the AI space, particularly in the context of antitrust investigations into Alphabet’s Google. The ChatGPT-maker recently took its concerns to EU antitrust chief Teresa Ribera, telling her office during a September 24 meeting about …
OpenAI flags competition concerns to EU regulators Read More »
(Reuters) -Former British Prime Minister Rishi Sunak said on Thursday he has joined U.S. tech giant Microsoft and AI startup Anthropic as a senior adviser. Sunak, who stepped down as the leader of the opposition Conservative Party following a defeat in the general election last July, continues to serve as a member of the British …
Former British PM Sunak joins Microsoft, Anthropic in advisory roles Read More »
