By David Shepardson WASHINGTON (Reuters) -New Boeing CEO Kelly Ortberg met this week with the head of the Federal Aviation Administration as the planemaker faces numerous regulatory issues and increased scrutiny, an agency official confirmed. Ortberg told employees on Friday in an email he had met with the FAA this week and discussed the company’s …
New Boeing CEO holds first meeting with FAA chief Read More »
(Reuters) – Energy equipment maker GE Vernova on Friday said recent turbine blade failures at two offshore wind farms in the United States and the United Kingdom are unrelated and blamed the latest mishap on strong winds. The statement comes as the company has been grappling with fallout from three separate blade accidents in four …
GE Vernova blames latest offshore wind blade failure on high winds, shares rise Read More »
By Susanna Twidale LONDON (Reuters) -Britain published details on Friday of a subsidy scheme worth up to 5.5 billion pounds ($7.2 billion) to help support the Sizewell C nuclear plant being built by France’s EDF in southeast England. As part of efforts to meet climate targets and boost energy security, Britain is seeking to build …
UK proposes 5.5 billion pound subsidy for Sizewell C nuclear plant Read More »
By Pranav Kashyap and Lisa Pauline Mattackal (Reuters) -European shares rose to an all-time high on Friday, closing a turbulent month on a bright note after a significant drop in euro zone inflation cemented market expectations for an interest rate cut in September. The pan-European STOXX 600 index edged up 0.1%, closing above 525 points …
European shares inch up to record high as inflation data sets stage for ECB rate cut Read More »
By William Schomberg LONDON (Reuters) – British lenders approved the highest number of mortgages in July since the start of the “mini-budget” crisis in 2022 under former Prime Minister Liz Truss, according to Bank of England data that added to signs of momentum in the housing market. Lenders approved 61,985 mortgages, the most since September …
UK lenders approve most mortgages in July since ‘mini-budget’ crisis Read More »
By Maria Martinez BERLIN (Reuters) – German inflation fell more than expected in August, declining to its lowest level in more than three years and making it easier for the European Central Bank to cut interest rates in September. Inflation eased to 2.0% in August, its lowest level since June 2021, thanks to lower energy …
German inflation falls to 2.0% in August, aiding ECB rate cuts Read More »
By Balazs Koranyi (Reuters) – Euro zone inflation fell to its lowest level in three years this month, adding to the case for another European Central Bank interest rate cut in September, even if price growth is likely to rebound towards the end of the year. Inflation in the 20 countries sharing the euro slowed …
Euro zone inflation tumbles, firming up ECB rate cut bets Read More »
(Reuters) -Britain’s NatWest Group said its online banking and mobile app services were working normally after a brief outage disrupted payments on Friday. Several NatWest customers on Friday complained on social media platform X that they are unable to transfer money using the banking app. There were more than 1,000 customer complaints on Downdetector, a …
UK’s NatWest says payment issues resolved after brief outage Read More »
By Greg Bensinger SAN FRANCISCO (Reuters) – Amazon’s revamped Alexa due for release in October ahead of the U.S. holiday season will be powered primarily by Anthropic’s Claude artificial intelligence models, rather than its own AI, five people familiar with the matter told Reuters. Amazon plans to charge $5 to $10 a month for its …
Exclusive-Amazon turns to Anthropic’s Claude for Alexa AI revamp Read More »
FRANKFURT/DUESSELDORF (Reuters) – Thyssenkrupp’s planned sale of its steel business is at risk over uncertainy following a leadership crisis at the unit, the German conglomerate’s works council head said on Friday. “Uncertainty among the workforce is at a maximum. Fears about the future of employees and that of the company can be felt everywhere,” said …
Thyssenkrupp works council says steel leadership crisis puts sale at risk Read More »
