By Marie Mannes STOCKHOLM (Reuters) -Polestar said on Wednesday it will replace current CEO Thomas Ingenlath with a former boss of Opel and EV startups, the latest senior management change at a challenging time for the loss-making electric vehicle (EV) maker and the automotive industry. Its new CEO, Michael Lohscheller has previously served as CEO …
Swedish EV maker Polestar appoints Michael Lohscheller as CEO Read More »
By Terje Solsvik and Marie Mannes OSLO (Reuters) -SAS said on Wednesday it has exited U.S. Chapter 11 bankruptcy proceedings, with the Scandinavian airline’s CEO hailing a “new era” with a stronger balance sheet and new owners. Sweden-based SAS restructured debt of more than $2 billion, adjusted its fleet and delisted its stock in a …
Scandinavian airline SAS hails ‘new era’ as exits US bankruptcy process Read More »
By Pranav Kashyap (Reuters) -European shares touched a more-than-one-month high on Wednesday, boosted by technology stocks ahead of Nvidia’s results later in the day and as Ageas’ better-than-expected results lifted insurance stocks. The pan-European STOXX 600 index rose 0.2% to 520.09 points. It hit its highest level since July 15 earlier in the session. Technology …
Tech, insurance stocks lift STOXX 600 to over one-month high Read More »
By Marleen Kaesebier (Reuters) -Aroundtown on Wednesday raised its full-year forecast for FFO I, a key profitability measure for real estate firms, and became the latest company to report stabilizing property valuations amid Germany’s worst real estate crisis in decades. Its shares were up 3.5% by 0835 GMT. After a boom driven by low interest …
German landlord Aroundtown says property values are stabilising, lifts outlook Read More »
AMSTERDAM (Reuters) -All air traffic was halted at the Netherlands’ Eindhoven Airport on Wednesday after an unspecified “significant disruption”, the Dutch Royal Airforce said on Wednesday. The airforce gave no further details on the nature of the disruption at the airport, the second largest in the country. Separately, the Dutch Defence Ministry reported its own …
Air traffic halted at Netherlands’ Eindhoven Airport, officials say Read More »
By Jacob Gronholt-Pedersen COPENHAGEN, August 28 (Reuters) – Toymaker Lego said on Wednesday it was on track to replace the fossil fuels used in making its signature bricks with more expensive renewable and recycled plastic by 2032 after signing deals with producers to secure long-term supply. Lego, which sells billions of plastic bricks annually, has …
Lego to replace oil in its bricks with pricier renewable plastic Read More »
By Heekyong Yang and Joyce Lee SEOUL (Reuters) -Hyundai Motor said on Wednesday it was targeting annual global sales of 5.55 million vehicles by 2030, up 30% from 2023, as it plans to double its hybrid lineup to counter a slowdown in global electric vehicle demand. Hyundai, the world’s No. 3 automaker by sales along …
Hyundai Motor targets 30% rise in sales by 2030 as it doubles hybrid lineup Read More »
(Reuters) – Ukraine will temporarily suspend payments on GDP warrants starting from May 31, 2025, a government decision published on the official website said. According to the document, Kyiv will also temporarily suspend payments for loans from Cargill Financial Services International, Inc., starting from Sept. 3, and on government-guaranteed bonds of Ukrainian power firm Ukrenergo …
Ukraine to temporarily suspend payments on GDP warrants next year, government says Read More »
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Traders in the U.S. equity options market are expecting Nvidia’s upcoming earnings report to spark a more than $300 billion swing in the shares of the world’s most dominant artificial intelligence chipmaker. Options pricing shows that traders anticipate a move of around 9.8% in the company’s shares …
Nvidia results could spur record $300 billion swing in shares, options show Read More »
(Reuters) – The CEO of Ukraine’s largest state energy company Naftogaz, Oleksiy Chernyshov, said on Tuesday that new solutions are needed for the energy security of Ukraine and Slovakia. “For now, a priority is to implement new solutions for the energy security of our countries. It is about new suppliers and, in the future, about …
Ukraine’s Naftogaz says new solutions needed to secure energy supplies Read More »
