By Dominique Vidalon PARIS (Reuters) – Carrefour SA said on Wednesday it looked to 2022 with confidence after Europe’s largest food retailer delivered record free cash flow of 1.23 billion euros ($1.40 billion) and a 7.7% rise in operating profit for 2021. Chairman and Chief Executive Alexandre Bompard said cash generation would remain above one …
Carrefour confident on 2022 after 2021 profit rise, record cash Read More »
By Guy Faulconbridge and Andrew MacAskill LONDON (Reuters) – Britain’s Supreme Court dismissed an appeal by Bloomberg on Wednesday as judges ruled that a person under criminal investigation has in general a reasonable expectation of privacy until charged, a decision with far-reaching consequences for media reporting. Some media groups said the ruling would curtail public …
Bloomberg loses appeal in landmark UK privacy case Read More »
(Reuters) – Volkswagen Chief Executive Herbert Diess expects the car industry to see widespread autonomous driving within 25 years, the manager said on Wednesday in a question-and-answer session on the social media platform Reddit. Diess also said Volkswagen was pursuing further partnerships to increase its self-sufficiency in software and adding such features as brand-specific voice …
VW CEO sees widespread autonomous driving within 25 years Read More »
By Foo Yun Chee STRASBOURG (Reuters) – Europe’s effort to set a standard for artificial intelligence will likely take more than a year, with the debate focusing on whether facial recognition should be banned and who should enforce the rules, two key lawmakers said on Wednesday. The European Commission last year proposed draft AI rules, …
Europe’s bid for AI standard faces long road, EU lawmakers say Read More »
By Mimosa Spencer PARIS (Reuters) -When Gucci-owner Kering and Hermes report earnings this week, investors will be looking for signs that the big luxury fashion groups are confident that wealthy shoppers are willing to pay higher price tags for designer accessories. Rival Louis Vuitton, the world’s largest luxury label, raised its prices on Wednesday, citing …
Will Kering and Hermes follow Louis Vuitton’s lead on prices? Read More »
By Ambar Warrick (Reuters) -London’s FTSE 100 inched lower on Wednesday as gains in commodity stocks were offset by losses in retailers following a spike in January inflation, while Indivior jumped on its plans for a U.S. listing. The blue-chip FTSE 100 index ended 0.1% lower with consumer staples leading losses, while the benchmark midcap …
FTSE 100 down after strong inflation; Indivior jumps Read More »
MOSCOW (Reuters) – Swiss commodities firm Glencore may be selling its stake in Russian oil group Russneft to its former owner and founder Mikhail Gutseriyev, the Kommersant daily reported on Wednesday, citing sources. Glencore’s sale, years in the works and due to be finalised in the first half of 2022 pending regulatory approvals, capped two …
Glencore may sell Russneft stake to founder Gutseriyev, says Kommersant Read More »
STOCKHOLM (Reuters) – Shares of Ericsson fell 7% on Wednesday after the Swedish telecom gear maker disclosed results of an internal investigation that detailed suspect payments and misconduct in Iraq. The company’s investigation had identified payments made to use alternate transport routes in connection with circumventing Iraqi Customs, at a time when militant organisations, including …
Ericsson shares fall 7% on Iraq corruption probe Read More »
DUBAI (Reuters) – Abu Dhabi’s Etihad Airways on Wednesday signed a letter of intent to order seven Airbus A350 freighter aircraft, European planemaker Airbus said at the Singapore Airshow. The value of the potential deal was not disclosed. The state-owned airline had been considering the Airbus freighter and the competing 777X cargo jet developed by …
Abu Dhabi’s Etihad lines up order for seven Airbus A350 cargo planes Read More »
FRANKFURT (Reuters) – Euro zone housing costs rose sharply last year, boosted by soaring German property prices and adding to already uncomfortably high overall inflation, a European Central Bank study showed on Wednesday. Housing costs are mostly excluded from headline inflation figures but the ECB promised last year to take this cost into account even …
Surging housing costs boosting overall euro zone inflation: ECB Read More »
