By Kate Abnett and Bart Biesemans BRUSSELS (Reuters) – Ryanair Group Chief Executive Michael O’Leary on Tuesday said that Boeing’s new management “continue to disappoint” and that deliveries were behind schedule. The Irish airline, one of Boeing’s largest customers, said there was a risk it would take delivery of just 20-25 of the 737 MAX …
Ryanair’s O’Leary says new Boeing management ‘continue to disappoint’ Read More »
ZURICH (Reuters) – Swiss media company Tamedia said on Tuesday it will start a fresh round of cost-saving measures as it closes two of its three printing works and lays off almost 300 staff. Tamedia, publisher of the daily newspaper Tages-Anzeiger said it would cut around 200 jobs in the printing works and that another …
Swiss media firm Tamedia plans nearly 300 layoffs, printing works closures Read More »
By Arsheeya Bajwa (Reuters) – Nvidia is likely to report on Wednesday that its second-quarter revenue more than doubled. But investors used to its blockbuster results will be expecting even more from the artificial intelligence chip giant. A beat or a miss on Wall Street expectations could either stoke or shatter an AI rally on …
Nvidia sales likely doubled – even that may not impress investors Read More »
MADRID (Reuters) -Spanish bank Santander launched a 1.525 billion euro ($1.7 billion) share buyback programme on Tuesday as part of its shareholder remuneration target of about 50% underlying profit. The group’s distribution policy is split in roughly equal parts between cash dividends and share buybacks. In the first half of 2024 Santander booked a record …
Santander starts $1.7 billion share buyback programme Read More »
By Kate Abnett and Bart Biesemans BRUSSELS (Reuters) -Ryanair no longer sees a risk of double-digit percentage falls in average fares this summer as weakness has “levelled out,” Group CEO Michael O’Leary said in an interview on Tuesday. Shares in the Irish airline plunged 15% last month when O’Leary warned of a downward trend in …
Ryanair says fare falls have levelled out, worst case avoided Read More »
PARIS (Reuters) – Telegram boss Pavel Durov will remain in police custody for up to 48 hours more as part of a cyber crime investigation, the Paris prosecutor said on Tuesday, after it was decided to extend his detention on Monday evening. Durov was arrested on Saturday. The probe concerns crimes related to suspected illicit …
Telegram boss Durov to remain in French police custody, prosecution office says Read More »
(Reuters) -Tech giant Apple on Monday named insider Kevan Parekh as its chief financial officer, replacing company veteran Luca Maestri who will transition from the role on Jan. 1, 2025. The leadership change comes ahead of Apple’s multiple product launch this fall season, which analysts have called the biggest software upgrade for the iPhone. It …
Apple taps insider Kevan Parekh as CFO, replacing Maestri Read More »
By Layli Foroudi and Tassilo Hummel PARIS (Reuters) -Pavel Durov, the Russian-born founder of messaging app Telegram, was arrested in France as part of an investigation into crimes related to child pornography, drug trafficking and fraudulent transactions on the platform, French prosecutors said on Monday. French President Emmanuel Macron, making the first official confirmation of …
Telegram CEO arrested over probe into child porn, drug trafficking on app Read More »
MARL, Germany , (Reuters) – German Chancellor Olaf Scholz called for a pragmatic approach to toxic “forever chemicals” found in many household and everyday items during a visit to an Evonik site at the Marl Chemical Park on Monday. “In the European Union, Germany will push for a pragmatic approach that does not hinder Germany’s …
Germany’s Scholz calls for pragmatic approach to ‘forever chemicals’ Read More »
NEW YORK (Reuters) – JPMorgan Chase has been accused in a new lawsuit of sweeping customers’ idle cash into accounts with “unreasonably” low interest rates. The proposed class action against the largest U.S. bank was filed on Friday night in Manhattan federal court. It followed similar lawsuits against other banks and brokerages including Ameriprise, LPL …
JPMorgan Chase is sued over low rates on cash sweeps Read More »
