Corporate Dispatch

Fincantieri wins 400-million-euro order for luxury cruise ship

ROME, June 19 (Reuters) - Italian shipbuilder Fincantieri said on Monday it had signed a contract worth more than 400 million euros ($437 million) to deliver a second luxury vessel…

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Ford chairman says US can’t yet compete with China on electric vehicles

(Reuters) - Ford Motor Executive Chairman Bill Ford said the United States was not ready yet to compete with China in the production of electric vehicles. "They developed very quickly,…

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19

Jun

Randstad pledges to help 50,000 refugees find employment by 2025

AMSTERDAM, June 19 (Reuters) - Randstad, the world's largest staffing company, announced on Monday that it is renewing its pledge to improve the work lives of tens of thousands of…

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British supermarket Morrisons cuts prices of nearly 50 products

LONDON, June 19 (Reuters) - British supermarket Morrisons said on Monday it was cutting the prices of 47 products by an average of over 25%, in another sign that a…

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Intel to invest $4.6 billion in new chip plant in Poland

By Karol Badohal and Supantha Mukherjee Facility to employ 2,000 workers Poland 'a little bit hungrier' than rivals - CEO No detail of subsidies provided WROCLAW, Poland/STOCKHOLM, (Reuters) - Intel…

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Twitter to focus on video, commerce in business revamp – investor presentation

By Sheila Dang (Reuters) - Twitter plans to focus on video, creator and commerce partnerships to revitalize the social media company's business beyond digital advertising, according to an investor presentation…

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Vodafone, unions reach agreement over 1,003 job cuts in Italy

ROME (Reuters) - Vodafone said it had reached an agreement with unions over managing 1,003 job cuts in Italy needed to cut costs. The British telecoms giant said the deal…

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Italy’s government acts to curb Chinese influence on Pirelli

ROME, June 17 (Reuters) - Italy's government has ruled that China's Sinochem 600500.SS cannot designate the chief executive of tyremaker Pirelli despite being its main shareholder with a 37% stake,…

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Britain’s Tesco sees ‘encouraging signs’ inflation is easing

UK Q1 like-for-like sales up 9.0% Reiterates guidance for full 2023-24 year By James Davey and Sarah Young LONDON, June 16 (Reuters) - Tesco , Britain's biggest retailer, said on…

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16

Jun

Binance under investigation in France for money-laundering

PARIS, June 16 (Reuters) - Binance, the largest cryptocurrency exchange, is under preliminary investigation for both illegal canvassing of clients and aggravated money-laundering, the Paris prosecutor's office said on Friday,…

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Air Europa pilots in Spain announce two-week strike from June 19

MADRID, June 16 (Reuters) - Pilots at Spain's beleaguered airline Air Europa will go on strike between June 19 and July 2 following a breakdown in salary negotiations, the country's…

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Binance to leave Netherlands

June 16 (Reuters) - Cryptocurrency exchange Binance said on Friday that it was leaving the Dutch market because is was unable to register as a virtual asset service provider with…

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Lufthansa offers 18.5% wage increase to pilots – Handelsblatt

BERLIN, June 16 (Reuters) - Lufthansa has submitted a new offer to the pilots of the core brand Lufthansa Airlines and the cargo subsidiary Lufthansa Cargo in an ongoing wage…

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16

Jun

Uber to cease food delivery in Italy, exit Israel

AMSTERDAM (Reuters) - Uber said it will shut its food delivery business in Italy and exit Israel, where it has not built sufficient market share. The moves were "in line…

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UK’s Heathrow Airport has busiest month since the pandemic in May

LONDON, June 12 (Reuters) - Britain's Heathrow said 6.73 million passengers passed through the hub in May, making it the airport's busiest month since the pandemic as travel demand continues…

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BioNTech vaccine hearing postponed after petition to change judge

By Nette Noestlinger HAMBURG, June 12 (Reuters) - The first hearing in a German court case against BioNTech over side effects allegedly caused by its COVID-19 vaccine was postponed on…

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British supermarket Waitrose cuts prices on 200 products

LONDON, June 12 (Reuters) - British supermarket group Waitrose said on Monday it had reduced the price of more than 200 products as part of a 100 million pound ($126…

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Ryanair eyes slots IAG may hand over as remedies in Air Europa purchase

MADRID, June 12 (Reuters) - Irish airline Ryanair is keen to buy the slots International Consolidated Airlines Group may be forced to dispose to get its planned acquisition of Air…

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UBS completes Credit Suisse takeover to become wealth management behemoth

By Noele Illien ZURICH, June 12 (Reuters) - UBS on Monday said it had completed its emergency takeover of embattled local rival Credit Suisse , creating a giant Swiss bank…

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OpenAI CEO says ‘optimistic’ on global AI coordination

By Sam Nussey TOKYO, June 12 (Reuters) - The CEO of ChatGPT maker OpenAI on Monday said a tour of capital cities had left him "quite optimistic" about prospects for…

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BioNTech faces first German lawsuit over alleged COVID vaccine side effects

By Ludwig Burger and Patricia Weiss HAMBURG, June 11 (Reuters) - BioNTech 22UAy.DE will go to court on Monday to defend itself against a lawsuit from a German woman who…

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Armani tests sustainable cotton production in Italy

MILAN, June 5 (Reuters) - Luxury fashion house Armani Group has started an experimental agroforestry plantation in southern Italy to test new ways to produce cotton sustainably, it said .…

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STMicroelectronics and Sanan plan silicon carbide venture in China

PARIS (Reuters) - Semiconductor supplier STMicroelectronics and Sanan Optoelectronics plan to set up a silicon carbide manufacturing joint venture in Chongqing, China, they said this week. The companies said the…

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New 787 issue could slow delivery of 90 jets in Boeing’s inventory

By Valerie Insinna and David Shepardson WASHINGTON (Reuters) - Boeing said it could be forced to slow deliveries of its 787 Dreamliner after the company discovered a new production flaw…

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Harley-Davidson suspends production at Pennsylvania plant due to parts shortage

By Aishwarya Nair and Bianca Flowers (Reuters) - Motorcycle maker Harley-Davidson HOG.N has temporarily halted production at its York, Pennsylvania, assembly plant for the second time in just over 12…

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Binance.US suspends US dollar deposits after crackdown by regulators

June 8 (Reuters) - Crypto exchange Binance.US said on Thursday it is suspending U.S. dollar deposits and that its banking partners are preparing to pause fiat dollar withdrawal channels as…

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Tesla considering building 4.5 bln euro car factory in Spain

MADRID, June 8 (Reuters) - U.S. electric car manufacturer Tesla TSLA.O is in talks with the leaders of the regional government of Valencia in Spain to build a car factory,…

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Instagram, YouTube, TikTok, Twitter target of EU crypto advertising complaint

By Foo Yun Chee BRUSSELS, June 8 (Reuters) - Meta Platforms' Instagram, Alphabet's YouTube, TikTok and Twitter could face regulatory action after European consumer group BEUC complained to the European…

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Wizz Air sees return to profit on strong demand, summer preparations

By Sarah Young LONDON, June 8 (Reuters) - European low-cost airline Wizz Air is confident that strong bookings combined with a big investment in its operations to avoid last year's…

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Microsoft to offer OpenAI’s GPT models to government cloud customers

(Reuters) - Microsoft Corp is bringing the powerful language-producing models from OpenAI to U.S. federal agencies using its Azure cloud service, it said in a blog post. The Redmond, Washington-based…

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Meta introduces broadcast tool Channels on WhatsApp

June 8 (Reuters) - Meta Platforms on Thursday introduced WhatsApp Channels, a feature that the social media giant said would help make the app a "private broadcast messaging product." Users…

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UPDATED: Telegraph owner tables bid to keep control of newspapers

June 8 (Reuters) - The owners of Telegraph group of newspapers have tabled a proposal to restructure its debt to Britain's Lloyds Banking Group an attempt to regain control of…

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UPDATED: Japan’s Isuzu says it is not planning to relocate factory from Thailand to Indonesia

TOKYO, June 8 (Reuters) - Japanese truck maker Isuzu Motors 7202.T on Thursday said it was not planning to move a factory from Thailand to Indonesia, a day after the…

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Volvo Cars launches EX30 electric SUV with focus on affordability

New small SUV unveiled in Milan, Italy Has entry of price around 36,000 euros Already available to order in some markets Customers can choose LFP or NMC battery Volvo Cars…

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ACI Europe says European April airport traffic ‘closest yet’ to full recovery from COVID-19

June 7 (Reuters) - Passenger traffic in European airports in April was the closest to a full recovery from the COVID-19 pandemic of any month so far, Airports Council International…

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Batman wins EU trademark dispute with Italian designer

By Foo Yun Chee BRUSSELS, June 7 (Reuters) - Caped crusader Batman won a trademark fight with an Italian clothing retailer on Wednesday after Europe's second-top court sided with an…

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Vodafone and Hutchison to announce UK merger as soon as Friday

HONG KONG/LONDON, June 7 (Reuters) - Vodafone and CK Hutchison are in the final stages of agreeing to merge their British operations, with a long-awaited announcement expected as soon as…

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Qantas sees air fares slipping off highs as capacity returns

ISTANBUL, June 5 (Reuters) - Air fares are moderating as capacity returns to the global airline network after the pandemic, Qantas Chief Executive Alan Joyce said on Monday. Airlines have…

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OpenAI mulling Israel investment opportunities, Microsoft says

JERUSALEM, June 5 (Reuters) - OpenAI is considering investment opportunities in Israel, Microsoft Corp quoted the company's CEO, Sam Altman, as saying during a visit to the country on Monday.…

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France to provide 2.9 bln euros in aid for new STMicro/GlobalFoundries factory

By Dominique Vidalon and Sudip Kar-Gupta PARIS, June 5 (Reuters) - France said on Monday it will provide 2.9 billion euros ($3.10 billion) in state aid to help support an…

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Lufthansa CEO says it’s premature to discuss possible takeover of Portugal’s TAP

By Joanna Plucinska and Tim Hepher ISTANBUL (Reuters) - Lufthansa's Chief Executive Carsten Spohr said on Sunday it was too soon to discuss the German airline group's potential interest in…

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UBS: takeover of Credit Suisse to close as early as June 12

By John Revill ZURICH, June 5 (Reuters) - UBS UBSG.S said on Monday it will complete its takeover of Credit Suisse CSGN.S "as early as June 12", creating a giant…

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Companies like Microsoft can help manage migration: incoming UN migration chief

By Emma Farge 9th American Amy Pope set to lead UN migration agency Says Western asylum systems are 'completely overwhelmed' Mediterranean deaths are symptom of broader trend GENEVA (Reuters) -…

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Lufthansa’s ITA deal heralds more European airline tie-ups

Analysts see Europe heading to US-style consolidation Italy saw Lufthansa deal as only way forward But M&A could be a distraction amid stiff competition By Joanna Plucinska and Angelo Amante…

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03

Jun