BERLIN (Reuters) – German pilots’ union VC has extended a strike at Lufthansa’s leisure airline Discover on flights from Germany to six days, ending one minute before midnight on September 1, the union said on Thursday. The strike was announced last week amid a wage dispute between the airline and the unions which have already …
Strike at Lufthansa’s leisure airline Discover extended to Sept 1 Read More »
(Reuters) – Global paper producer Smurfit Westrock has been awarded a $469 million arbitration ruling against Venezuela by the World Bank’s International Centre for Settlement of Investment Disputes (ICSID), the company and the tribunal said. The decision grants the Dublin-based company compensation for the 2018 seizure of its assets in Venezuela in excess of $468.7 …
Smurfit awarded $469 million against Venezuela by arbitration tribunal Read More »
By Tom Hals WILMINGTON, Delaware (Reuters) – The lawyers who sued successfully to void Tesla CEO Elon Musk’s $56 billion pay package are seeking a record $6 billion in fees, and the judge who will decide the amount got some unsolicited guidance this month from the state’s top court: Do not give windfalls. Chancellor Kathaleen …
Analysis-‘Windfall’ fees now less likely for lawyers who sued to cut Musk’s Tesla pay Read More »
BELGRADE (Reuters) – Serbia on Thursday signed a landmark agreement with France’s Dassault Aviation for the purchase of an undisclosed number of Rafale fighter jets. The agreement, signed by Serbia’s defense Minister Bratislav Gasic and Dassault Aviation CEO Eric Trappier, also includes the purchase of “accompanying equipment and services,” an announcement said. (Reporting by Aleksandar …
Serbia, France’s Dassault Aviation sign agreement on purchase of Rafale fighter jets Read More »
(Reuters) – Unieuro’s board of directors failed to agree on the price of a takeover bid from Fnac Darty and Ruby Equity Investment, the Italian consumer electronics retailer said on Thursday. The offer, for 9 euros in cash and 0.1 newly issued ordinary Fnac Darty share for each Unieuro share, was considered fair by only …
Unieuro’s board disputes price of takeover bid from Fnac Darty Read More »
BERLIN (Reuters) – German labour union Verdi warned Deutsche Bahn in a positioning paper on Thursday against selling its logistics unit Schenker to Danish bidder DSV, fearing thousands of job losses. CONTEXT Germany’s state-owned railway is looking to sell Schenker to concentrate on upgrading its rail transport in Germany and to reduce its debt. The …
Selling Deutsche Bahn’s Schenker to DSV would cost thousands of jobs, labour union warns Read More »
By Pranav Kashyap and Lisa Pauline Mattackal (Reuters) -Europe’s STOXX 600 rose on Thursday and Germany’s DAX closed at a record high, led by tech stocks, after softer inflation data lifted hopes for interest-rate cuts and offset some disappointment around Nvidia’s quarterly results. German inflation eased to 2% in August, data showed, below the 2.3% …
Inflation data helps European stocks shake off Nvidia results; Delivery Hero surges Read More »
By Gleb Bryanski MOSCOW (Reuters) -Another key interest rate hike in September is not a certainty, as economic growth and lending are slowing down, a senior central bank official said on Thursday in the most dovish comments from the regulator since the July rate hike. The regulator raised its benchmark rate by 200 basis points …
Russian central bank says new rate hike in September is not a certainty Read More »
By Paolo Laudani and Eva Orsolya Papp (Reuters) -German online takeaway food company Delivery Hero on Thursday reported stronger than expected growth it its second-quarter gross merchandise value and confirmed its full-year outlook on the back of higher order volumes. Quarterly gross merchandise value or GMV, a common metric for delivery firms measuring the total …
Delivery Hero posts stronger than expected GMV growth in Q2 Read More »
By Andrey Sychev GDANSK (Reuters) -Delivery Hero is preparing an initial public offering (IPO) of its lucrative Emirati subsidiary Talabat on the Dubai stock exchange, the German food delivery company said, boosting its shares on Thursday. Delivery Hero’s shares opened 7% higher, but pared gains to trade up 3% at 0839 GMT. The shares have …
Delivery Hero plans IPO of Middle East unit, shares rise Read More »
