CHICAGO (Reuters) – Pilots at JetBlue Airways Corp have overwhelmingly approved a two-year contract extension, their union said on Monday. The Air Line Pilots Association (ALPA), which represents more than 4,600 pilots at JetBlue, said 75% of the pilots voted in favor of ratifying the agreement, which provides for a compensation increase of 21.5% over …
JetBlue pilots approve two-year contract extension – union Read More »
By David Shepardson and Aishwarya Nair (Reuters) – Ford Motor Co on Monday cut prices of its electric crossover SUV Mustang Mach-E by as much as $5,900 per vehicle, weeks after rival Tesla Inc slashed prices globally on its electric vehicles by as much as 20%. Shares of Ford were down 1.5% in early trading. …
Ford to cut prices of Mustang Mach-E, following Tesla’s lead Read More »
By John O’Donnell, Lawrence White and Tom Sims LONDON/FRANKFURT (Reuters) -Rising borrowing costs are giving a long-awaited lift to Europe’s beleaguered banks, but they come with a sting in the tail. Last year central banks ended a decade of rock-bottom interest rates as the U.S. Federal Reserve and then the European Central Bank moved towards …
Rising interest rates have a sting in the tail for Europe’s banks Read More »
VIENNA (Reuters) – A Russian leasing unit of Austrian lender Raiffeisen Bank International is among the companies targeted by sanctions that Ukraine announced overnight, RBI said on Sunday. Ukrainian President Volodymyr Zelenskiy announced a wave of sanctions overnight targeting 182 Russian and Belarusian companies along with three individuals. The companies mainly deal with goods transportation, …
Austria’s Raiffeisen says Ukrainian sanctions target its leasing unit Read More »
MADRID (Reuters) – Spanish flag carrier Iberia said on Sunday it had solved an IT problem in the airline’s booking and boarding system that disrupted dozens of domestic and international flights on Saturday. Five flights were cancelled and scores more were delayed, a according to a spokeswoman for Iberia, part of International Consolidated Airlines Group. …
Iberia solves IT problem that delayed dozens of flights Read More »
FRANKFURT (Reuters) -Ford executives have indicated they are willing to hold talks with labour representatives over planned structural changes at the U.S. carmaker’s plants in Germany, the head of the worker’s council at Ford’s Cologne plant said on Saturday. Ford said on Jan. 20 that its planned shift to electric vehicle (EV) production will require unspecified structural …
German labour representative says Ford execs have offered talks on restructuring plan Read More »
By Sabine Siebold and Anneli Palmen DUESSELDORF (Reuters) – German arms maker Rheinmetall had a record year in 2022 and is approaching an order backlog of 30 billion euros, CEO Armin Papperger told Reuters in an interview. “In 2022, we had a very good year, a record year,” he said, saying that the fourth quarter …
Rheinmetall moving towards order backlog of 30 billion euros – CEO Read More »
MADRID (Reuters) – Dozens of international and domestic flights operated by Spanish flag-carrier Iberia were disrupted on Saturday by a problem in the company’s booking and boarding system, the airline said. Five flights – to London, Lisbon, Vigo, Barcelona and Jerez de la Frontera in southern Spain – were cancelled, a spokeswoman for Iberia, part …
BOGOTA (Reuters) -Global food giant Nestle is set to invest $100 million over the next three years in its Colombian operations, President Gustavo Petro said on Friday, part of his push to boost industrialization. The Colombian leader outlined the announcement in a post on Twitter late Friday. The new investment plan builds on $13 million …
Nestle unveils $100 million Colombia investment to grow capacity Read More »
By Jonathan Stempel NEW YORK (Reuters) – U.S. prosecutors on Friday asked a Manhattan judge to impose tougher bail conditions on Sam Bankman-Fried, expressing concern that the founder of the FTX cryptocurrency exchange might tamper with witnesses or destroy evidence in his criminal case. Citing Bankman-Fried’s “recent attempts to contact prospective witnesses,” prosecutors asked U.S. …
U.S. seeks tighter bail for FTX founder Bankman-Fried to prevent tampering Read More »
