Corporate Dispatch

Uber executive says European taxis joining platform

By Toby Sterling AMSTERDAM, May 29 (Reuters) - Uber is seeing an influx of European taxi drivers joining its platform, an executive told Reuters, a surprising development given the history…

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Microsoft announces a game-changer for fundraising and volunteer engagement

Microsoft Corp. announced a suite of new AI solutions and improvements to Microsoft Cloud for Nonprofit that are designed to transform the nonprofit industry and how fundraisers engage with donors,…

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Israeli carrier El Al to expand fleet and routes

JERUSALEM, (Reuters) - Israeli airline El Al reported a narrower first-quarter loss, and said it plans to expand its fleet while opening new routes. El Al, Israel's flag carrier, said…

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Investing in AI: how to avoid the hype

AI boom brings fresh challenge for investors AI-themed stocks highly valued Stick with big tech not AI stocks - investors By Naomi Rovnick LONDON, (Reuters) - Experienced tech investors are…

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French tyre maker Michelin sells its activities in Russia

May 26 (Reuters) - French tyre maker Michelin said on Friday it was selling its Russia Tyre Manufacturing Company (MRTMC) and Camso CIS in Russia to Power International Tires, a…

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Embracing AI in Education – What’s in it for Educators?

AI has been the talk of town in recent weeks, with apps such as ChatGPT taking the world by storm, as social media debates the future of education when such…

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OpenAI has no plans to leave Europe, says CEO

OpenAI CEO reverses earlier threat to leave Europe Says had productive week of conversations about regulating AI EU lawmakers were critical about OpenAI's threat region By Supantha Mukherjee May 26…

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Lufthansa intends to fully take over ITA Airways – CEO

By Angelo Amante and Ilona Wissenbach Lufthansa to take 41% by way of capital increase German carrier to invest 325 million in Italian carrier Lufthansa to appoint new ITA Airways…

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Elon Musk’s Neuralink says has FDA approval for study of brain implants in humans

By Akriti Sharma and Rachael Levy (Reuters) - Elon Musk's brain-implant company Neuralink said the U.S. Food and Drug Administration (FDA) had given the green light to its first-in-human clinical…

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Asia-focused HSBC puts 12 countries on exit watchlist

Reviews presence in smaller markets to chase bigger Asian growth Looking to add 2,000 Chinese wealth managers over next two years By Lawrence White LONDON, May 24 (Reuters) - HSBC…

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UK inflation falls by less than expected, core inflation jumps

By Andy Bruce LONDON, May 24 (Reuters) - Britain's high inflation rate fell by less than expected in April and a closely watched core measure of price growth surged to…

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Netflix expands password sharing crackdown around the world

By Lisa Richwine and Dawn Chmielewski (Reuters) - Netflix Inc expanded its crackdown on password sharing to the United States and more than 100 other countries, alerting users that their…

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Tech and games at the heart of tomorrow’s education

It is no secret that technology and digital skills have become a must in today's world. In our increasingly interconnected and digitalized society, technology permeates nearly every aspect of our…

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Onslaught of inefficient meetings is exhausting workers according to Microsoft research

New research from Microsoft shows how out of hand our work calendars have gotten: Since February 2020, people are in 3 times more Microsoft Teams meetings and calls per week…

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SKF to build plant in Morocco for magnetic bearings

STOCKHOLM, May 22 (Reuters) - Sweden's SKF is investing 50 million crowns ($4.9 million) in a magnetic bearings factory in Tangier in Morocco, the company said on Monday. "The new…

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22

May

Britain chips away at NatWest stake with $1.6 bln share sale

By Iain Withers and Amy-Jo Crowley LONDON, May 22 (Reuters) - British state-backed bank NatWest has agreed to buy 1.3 billion pounds ($1.6 billion) worth of its shares back from…

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Ryanair posts near record profit

DUBLIN, May 22 (Reuters) - Ryanair on Monday posted a near record profit of 1.43 billion euros ($1.57 billion) in the year to end-March and said it was cautiously optimistic…

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Pent-up demand promises record tourist season for southern Europe

Strong early arrivals in Italy, Iberia, Greece Airlines, tour operators see robust summer bookings Tourism boom to provide economic boost to southern Europe By Giselda Vagnoni ROME (Reuters) - After…

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Adidas to donate Yeezy proceeds to Anti-Defamation League and other NGOs

FRANKFURT (Reuters) - Adidas will start selling some of the shoes from its defunct Yeezy partnership with rapper Kanye West at the end of May, the company said, and plans…

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LDC fears bird flu may spread through France again

By Sybille De La Hamaide PARIS, (Reuters) - France's largest poultry producer, LDC, warned that an upsurge in bird flu cases in the southwest might lead to the virus spreading…

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Qantas eyes return to 100% of pre-COVID capacity by March 2024

May 19 (Reuters) - Qantas Airways Ltd , Australia's flagship carrier, said on Friday it expects its international capacity to reach about 100% of pre-COVID-19 levels by March 2024, as…

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Angelina Jolie introduces sustainability-focused fashion company to help refugees

Angelina Jolie announced a new fashion venture aimed at allowing customers to participate in the making of their own creations with master tailors, pattern makers and artisans around the world…

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Aston Martin stock soars as China’s Geely to become no.3 shareholder

Geely commits to investment of 234 mln pounds Aston Martin stock rises to a more than two-month high New share subscription to bring AML 95 mln pounds in cash proceeds…

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Mr Kipling maker Premier Foods to stop price hikes this year

Does not expect price increases this year 2023 profit 137.2 mln stg vs analyst forecast of 135 mln stg Shares up 4.6% Recasts, adds price By Radhika Anilkumar May 18…

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UK’s easyJet confident as summer demand ramps up

Sees Q3 revenue per seat up 20% on last year HY loss 411 mln stg, in line with guidance Analysts expect FY profit of 345 mln stg Adds analyst in…

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BT to cut up to 55,000 jobs by 2030 after fiber build ends

To cut jobs after fibre build-out ends Free cash flow comes in at bottom of guidance Meets expectations for annual core earnings growth Shares down 9% By Paul Sandle LONDON,…

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Britain’s Royal Mail posts losses of 419 mln pounds

May 18 (Reuters) - Britain's Royal Mail posted an annual adjusted operating loss of 419 million pounds ($528.82 million), ahead of market expectations, its parent International Distributions Services IDSI.L said…

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Montana to become first US state to ban TikTok

By David Shepardson (Reuters) - Montana Governor Greg Gianforte signed legislation to ban Chinese-owned TikTok from operating in the state to protect residents from alleged intelligence gathering by China, making…

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New Vodafone boss takes aim at costs with 11,000 global job cuts

By Paul Sandle and Sarah Young New CEO says Germany underperforming Spanish business under strategic review Sees 1.5 bln euro fall in free cash flow this year LONDON (Reuters) -…

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Netflix password sharing crackdown in the UK looms

A Netflix crackdown on account sharing in the UK is expected to kick in this month, according to reports. The streaming giant has held talks with UK telecoms groups carrying…

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Crypto should be regulated as gambling, UK lawmakers say

By Huw Jones LONDON, May 17 (Reuters) - Bitcoin, ether and other cryptocurrencies should be regulated as gambling given they are potentially used by fraudsters and pose significant risks to…

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Gold holds ground amid US debt-ceiling jitters

Prevailing dollar strength capping gold's upside - analyst Asian shares subdued Silver, palladium, and platinum up By Arundhati Sarkar May 17 (Reuters) - Gold prices steadied on Wednesday, as investors…

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Oil little changed as demand worries spur caution

U.S. crude stockpiles rise 3.6 mln bbl - API U.S. EIA inventory data due at 1430 GMT Reuters poll forecast 900,000 bbl U.S. crude drawdown By Katya Golubkova and Sudarshan…

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On the road to 2030: Microsoft’s 2022 Environmental Sustainability Report

2022 marked the sixth warmest year in history. Extreme weather caused devastating droughts, wildfires, famine, floods, and heat waves with alarming frequency. Microsoft felt the effects of climate change like…

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Amazon optimizes delivery network for speedier delivery, lower costs

(Reuters) - Amazon.com Inc said it has optimized its delivery network coming out of the COVID-19 pandemic, allowing it to increase delivery speeds and lower costs, while also reducing the…

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Albania’s burgeoning tourism industry could prevent youth exile and boost economy

It has been more than 30 years since Albania opened its doors to tourists, but telling a friend that you’re off to Tirana or Dhërmi for a long weekend might…

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Binance pulls out of Canada amid new crypto regulations

Binance said it was withdrawing from Canada, weeks after the country issued a series of new guidelines for cryptocurrency exchanges including investor limits and mandatory registrations. Canada has tightened regulations…

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Tesla to recall over 1.1 mln foreign and China-made cars

BEIJING, May 12 (Reuters) - Tesla Inc will recall a total of 1,104,622 vehicles, both imported and China-made ones, China's market regulator said on Friday. The models to be recalled…

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Italy’s antitrust probes Apple for alleged abuse of app market dominance

ROME, May 11 (Reuters) - Italy's antitrust agency AGCM said on Thursday it had opened a probe into U.S. technology giant Apple for alleged abuse of its dominant position in…

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Volvo Cars delays production of Volvo EX90

COPENHAGEN, May 11 (Reuters) - Sweden-based Volvo Cars is delaying production of its Volvo EX90 model for more software development and testing, the carmaker said on Thursday. It now expects…

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Japan’s Subaru sets out targets for EV push over five years

TOKYO, May 11 (Reuters) - Japanese automaker Subaru Corp 7270.T laid out targets for selling and making battery electric vehicles (EVs) on Thursday, aiming for global sales of 200,000 units…

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Emirates airline creates $200 mln aviation sustainability fund

DUBAI, May 11 (Reuters) - Emirates airline said on Thursday it had committed $200 million to a research fund focusing on reducing the impact of fossil fuels in commercial aviation,…

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Portuguese airline TAP narrows losses as passenger numbers recover

LISBON, May 11 (Reuters) - Portuguese airline TAP more than halved first-quarter net losses to 57.4 million euros ($63.19 million) as passenger numbers surpassed pre-pandemic levels, it said late on…

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Microsoft signs power purchase deal with nuclear fusion company Helion

By Timothy Gardner WASHINGTON (Reuters) - Private U.S. nuclear fusion company Helion Energy will provide Microsoft with electricity in about five years, the companies said on Wednesday, in the first…

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Emirates airline reports record $3 billion annual profit

DUBAI, May 11 (Reuters) - Dubai's Emirates airline on Thursday said financial year 2022-23 had been its most profitable so far, reporting an annual profit of 10.9 billion dirhams ($3…

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TUI sees summer travel demand to ‘significantly’ lift 2023 profit

LONDON, May 9 (Reuters) - Travel firm TUI said it expects strong revenue and higher profit for the full year of 2023 on the back of strong booking momentum for…

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Amazon offers US shoppers $10 to pick up purchases as it targets delivery costs

By Lisa Baertlein LOS ANGELES, (Reuters) - Amazon.com is offering U.S. customers $10 to pick up a purchase rather than have it shipped to a home address, as the e-commerce…

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Airbnb forecasts fewer bookings, lower prices

By Priyamvada C and Doyinsola Oladipo May 9 (Reuters) - Vacation rental booking company Airbnb Inc said that it expected fewer bookings and lower average daily rates in the second…

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Britain’s Sainsbury’s cuts price of bread and butter

LONDON (Reuters) - Sainsbury's, Britain's second largest supermarket group, has cut the price of bread and butter, in another sign that a surge in food inflation is set to abate…

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ASOS reports first-half loss as shoppers cut back

First-half loss of 87.4 mln stg Confident of return to profit in second half LONDON, May 10 (Reuters) - ASOS, Britain's one-time poster child for the shift to online fashion…

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Italy’s Eni votes new board as Descalzi set for fourth CEO term

MILAN, May 10 (Reuters) - Shareholders of Italy's Eni voted on Wednesday for the board members proposed by the Italian Treasury, clearing the way for Claudio Descalzi to serve as…

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Ryanair wins court challenge against Lufthansa state bailout

By Foo Yun Chee and Ilona Wissenbach BRUSSELS, May 10 (Reuters) - Ryanair on Wednesday won its challenge against Lufthansa'state bailout, as Europe's second-highest court cited errors in EU competition…

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10

May