By Joanna Plucinska and Tim Hepher FILTON, England (Reuters) – Airbus is stepping up testing of radical new wing technology as the planemaker lays the foundation for a future successor to its best-selling A320 series, but faces a battle to bring down costs. British Industry Minister Nusrat Ghani inaugurated a wing technology plant in southwest …
Airbus trials new wing designs in technology race with Boeing Read More »
By Alexander Hübner MUNICH (Reuters) – Up to half of the 100 billion euro ($109 billion) special fund set up to modernize the German military will likely go to U.S. defence companies, a leading tank gear box maker said, accusing Berlin of lacking a strategy for its defence industry. “I don’t believe that much of …
German firm sees U.S. getting lion’s share of 100 billion euro military fund Read More »
By Steve Gorman and Gabriella Borter LOS ANGELES (Reuters) -Thousands of Los Angeles-area hotel workers went on strike on Sunday demanding pay hikes and improved benefits in a region where high housing costs make it difficult for low-wage earners to live close to where they hold jobs, union officials said. Unite Here Local 11, which …
Los Angeles-area hotel workers strike over wages, housing Read More »
By Martin Coulter (Reuters) -Meta Platforms plans to launch a Twitter-rivalling microblogging app called Threads, days after Twitter boss Elon Musk attracted criticism by announcing a temporary cap on how many posts users can read on the social media site. Threads is expected to be released on Thursday and will allow users to retain followers …
By Stella Qiu SYDNEY (Reuters) -Australia’s central bank on Tuesday held interest rates steady saying it wanted more time to assess the impact of past hikes, but reiterated its warning that further tightening might be needed to bring inflation to heel. Wrapping up its July policy meeting, the Reserve Bank of Australia (RBA) kept its …
Australia’s central bank holds rates, signals more hikes might be required Read More »
WASHINGTON (Reuters) – The U.S. Federal Trade Commission said on Monday it dismissed a complaint against Marlboro maker Altria Group and e-cigarette maker Juul Labs that was brought after Altria’s former acquisition of 35% of Juul. Altria had exited the stake earlier this year and had asked the FTC to drop the challenge. The company …
US FTC dismisses complaint against Altria-Juul deal after Altria exited stake Read More »
(Reuters) – U.S. Chapter 11 bankruptcy filings jumped 68% in the first half of 2023 from a year earlier, Epiq Bankruptcy, a provider of U.S. bankruptcy filing data, said on Monday. SVB Financial Group, Envision Healthcare Corp, Bed Bath & Beyond, Party City Holdco, Lordstown Motors and Kidde-Fenwal were among some casualties of decades-high interest …
Bankruptcy filings surge in first half of 2023 in US – Epiq Read More »
By Jonathan Stempel (Reuters) – Wrigley, the maker of multi-colored fruit-flavored Skittles candies, has settled a lawsuit accusing a seller of cannabis-related merchandise of trademark infringement for marketing products under the “ZKITTLEZ” name. Under a proposed permanent injunction filed on Monday in Chicago federal court, Terphogz LLC agreed not to use Skittles, Zkittlez or similar …
Skittles maker Wrigley settles with cannabis company over trademark Read More »
(Reuters) – Mondelez International’s subsidiary has voluntarily recalled two varieties of belVita Breakfast Sandwich biscuits in the U.S. over possible undeclared peanut in the products. Mondelez Global LLC said on Monday that these products sold at retail stores nationwide may contain undeclared peanut resulting from cross-contact on its single manufacturing line. However, no other belVita …
Mondelez voluntarily recalls two varieties of belVita biscuits in US Read More »
By Huw Jones LONDON (Reuters) – The use of four dollar-denominated alternatives to the now scrapped Libor interest rate need restrictions to avoid threatening financial stability, a global securities watchdog said on Monday. IOSCO, a global securities watchdog group that includes the U.S. Securities and Exchange Commission as a member, said a review has identified …
Curb use of dollar Libor alternatives to Fed rate, says watchdog Read More »
