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 »
By Arathy Somasekhar HOUSTON (Reuters) -Oil major Shell on Monday said it plans to shut-in different portions of its Zydeco pipeline system for maintenance for three to four days starting Sept 24, limiting flows of some light crude to Louisiana. The Zydeco pipeline system, which spans over 350 miles (563.27 km) and has a mainline …
Shell to shut-in portions of Louisiana Zydeco oil pipeline for maintenance Read More »
By Nora Buli and Nerijus Adomaitis STAVANGER, Norway (Reuters) – Security services from seven European countries on Monday briefed Norwegian energy executives and officials, including from Equinor, Europe’s largest gas supplier, about what they see as Russian threats to critical infrastructure. The closed-door meeting attended by national security services from Norway, Germany, Belgium, the Netherlands, …
Security services say Norway energy industry faces Russia threats Read More »
By Pranav Kashyap and Lisa Pauline Mattackal (Reuters) -European shares were broadly flat in quiet trading on Monday, with semiconductor stocks leading the technology sector lower as investors looked ahead to several key economic data releases this week for more clues on the path of monetary policy. Stocks of European semiconductor stocks slipped as focus …
Chip stocks slip, keeping European shares muted ahead of data-heavy week Read More »
By Klaus Lauer and Miranda Murray BERLIN (Reuters) -German business morale fell for a third consecutive month in August, a survey showed on Monday, pushing back recovery hopes for Europe’s largest economy. The Ifo institute said its business climate index fell to 86.6 in August from 87.0 in July, though it came in above a …
German business sentiment falls in August, delaying recovery hopes Read More »
