Corporate Dispatch

TikTok says US threatens ban if Chinese owners don’t sell stakes

By Echo Wang and David Shepardson WASHINGTON (Reuters) - The Biden administration has demanded that TikTok's Chinese owners divest their stakes in the popular video app or face a possible…

Read More Here

GO Group registers record performance during 2022

GO’s Chief Executive Officer Nikhil Patil described 2022 as “a rewarding year with a semblance to pre-pandemic norms and despite the global macro-economic challenges, GO Group has had one of…

Read More Here

Microsoft signs Japanese licensing agreement amid Activision deal

By Foo Yun Chee BRUSSELS, March 15 (Reuters) - Microsoft signed a 10-year licensing deal to bring Activision's Call of Duty franchise to Japanese cloud gaming provider Ubitus on Wednesday,…

Read More Here

BMW promises stable prices, raises margin forecast for 2023

BERLIN, March 15 (Reuters) - BMW forecast on Wednesday an 8% to 10% margin for its autos segment in 2023, up from last year's 7% to 9% target, and said…

Read More Here

Zara owner Inditex invests in tech to speed future sales

Inditex shares down 4% on higher capex Spring-Summer 2023 sales keep pace after strong 2022 Inditex to phase out hard tags in stores, invest in automation By Corina Pons A…

Read More Here

HSBC urges SVB UK staff to assure clients their cash, loans are safe – memo

LONDON, March 15 (Reuters) - HSBC's top bosses have called on employees at the rescued British arm of failed U.S. lender Silicon Valley Bank to assure clients "their deposits are…

Read More Here

Microsoft-backed OpenAI starts release of powerful AI known as GPT-4

By Jeffrey Dastin (Reuters) - The startup OpenAI said it is beginning to release a powerful artificial intelligence model known as GPT-4, setting the stage for human-like technology to proliferate…

Read More Here

Saudi Arabia launches new national airline

Saudi Arabia's Crown Prince Mohammed bin Salman formally announced the creation of a new national airline, Riyadh Air, with industry veteran Tony Douglas as its chief executive, as the kingdom…

Read More Here

EU Commission monitoring SVB collapse, says very limited presence in EU

BRUSSELS, March 13 (Reuters) - The European Commission is monitoring the situation after the collapse of tech lender Silicon Valley Bank which has a very limited presence in the European…

Read More Here

After SVB failure, US acts to shore up banking system confidence

By Andrea Shalal, Howard Schneider and Pete Schroeder WASHINGTON/SINGAPORE, March 13 (Reuters) - U.S. authorities launched emergency measures on Sunday to shore up confidence in the banking system after the…

Read More Here

UPDATED: HSBC rescues British arm of stricken Silicon Valley Bank

U.S. authorities back depositors UK deal ends frantic weekend talks British finance minister: deposits safe By Iain Withers and William Schomberg LONDON, March 13 (Reuters) - HSBC bought the UK…

Read More Here

Lidl GB to lift all salad purchase limits by Monday

LONDON (Reuters) - Discount supermarket Lidl GB will lift all customer purchase limits on salad vegetables by Monday after weeks of industry shortages, it said. Lidl's move follows the relaxation…

Read More Here

Adidas, burnt by Kanye West split, seeks a new focus

Yeezy split shows risk of celebrity partnerships Adidas was overly reliant on Yeezy brand, analysts say New CEO seeks to refocus on sports By Helen Reid LONDON, (Reuters) - Adidas,…

Read More Here

Mitsubishi Motors to electrify 100% of its fleet by 2035 – Yomiuri

TOKYO, March 10 (Reuters) - Japanese carmaker Mitsubishi Motors Corp plans to electrify 100% of its fleet by 2035 through active introduction of hybrid and electric vehicles (EV), the Yomiuri…

Read More Here

Hugo Boss sees slowing sales but confident on China growth

Expects mid-single-digit pct growth in 2023 sales Sees 2023 EBIT up 5%-12% China contributed 6% to 2022 group's sales CEO 'very confident' on business growth in China By Linda Pasquini…

Read More Here

Italy’s Fiat and Ferrari staff to get more than 11% pay rise over two years

Involves almost 70,000 workers in Italy Deal applies to Stellantis, Ferrari, Iveco, CNH Wages to rise 6.5% from this month Further 4.5% pay rise planned from Jan 2024 Workers to…

Read More Here

Shell emissions dip about 10% to 1.23 bln tonnes of CO2 equivalent

LONDON, March 9 (Reuters) - Shell's emissions dipped by about 10% in 2022 to a total of 1.232 billion tonnes of CO2 equivalent, from 1.367 billion tonnes the previous year,…

Read More Here

Russia’s Sberbank net profit drops 78.3% in 2022 as sanctions bite

This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine By Elena Fabrichnaya, Alexander Marrow and Marina Bobrova MOSCOW, March 9 (Reuters) -…

Read More Here

Vodafone targets some 1,000 jobs cuts in Italy – union officials

By Elvira Pollina MILAN, March 9 (Reuters) - Vodafone is looking to cut about 1,000 jobs in Italy as part of a larger cost saving plan the telecoms giant is…

Read More Here

Cablenet, part of the GO Group, confirmed as fastest growing telco provider in Cyprus

Cablenet, a company forming part of the GO Group, and the first foreign company successfully listed on the Malta Stock Exchange, has once again proven its resiliency and adaptability with…

Read More Here

Instagram back up after brief global outage

March 9 (Reuters) - Meta Platform's Instagram was back up for most users after a global outage, the photo-sharing platform said on Thursday, adding that an hours-long technical issue has…

Read More Here

Malta Maritime Community salutes Judge Joseph Zammit McKeon following Ombusdman appointment

The Malta Maritime Forum congratulates Judge Joseph Zammit McKeon on being appointed Ombudsman by unanimous vote in the House of Representatives on 6th March. Judge Zammit McKeon was appointed Chairman…

Read More Here

Foundation for Transport and MEA to collaborate further for the benefit of private industry players in transport

The Foundation for Transport (FfT) and the Malta Employers Association (MEA) have signed a Memorandum of Understanding strengthening the co-founder relationship between the two institutions and allowing the two sides…

Read More Here

Starbucks to add 100 new UK stores as Britons thirst for iced espressos

LONDON, March 6 (Reuters) - Starbucks is to open 100 new coffee shops across Britain this year, as the country's appetite for vanilla lattes, iced espressos and banana caramel muffins…

Read More Here

Snapchat kicks few children off app in Britain, data given to regulator shows

By Martin Coulter LONDON, March 6 (Reuters) - Snapchat SNAP.N is kicking dozens of children in Britain off its platform each month compared with tens of thousands blocked by rival…

Read More Here

06

Mar

Binance execs’ texts, documents show plan to avoid U.S. scrutiny – WSJ

(Reuters) - Binance, one of the world's largest cryptocurrency exchanges, developed a plan to avoid the threat of prosecution by U.S. authorities as it started an American entity in 2019,…

Read More Here

Costa Coffee raises UK staff pay for third time in a year

LONDON, March 6 (Reuters) - Costa Coffee has followed rival Pret A Manger in raising pay for its British store staff for the third time in a year. The coffee…

Read More Here

Czech online grocers look east and west beyond their home market

PRAGUE (Reuters) - Two Czech online grocers - one a start-up "unicorn", the other backed by a billionaire businessman - are taking on Europe's biggest supermarkets to feed growing appetite…

Read More Here

Leonardo signs deal to help monitor Italian bridges and viaducts

ROME (Reuters) - Italy's defence and aerospace company Leonardo said this week it signed a deal to provide technology that will monitor the state of the country's road infrastructure in…

Read More Here

Honda CEO touts EVs, but combustion engines could last until 2040

By Paul Lienert MARYSVILLE, Ohio (Reuters) - Honda Motor Co is moving rapidly to catch up with electric-vehicle competitors in global markets, but the company's top executive said combustion engines…

Read More Here

05

Mar

Toblerone to change logo, Matterhorn to disappear from chocolate bars

Switzerland’s iconic Matterhorn mountain is to disappear from the packaging of the famous Swiss chocolate bar, as it is also being made abroad. The words “made in Switzerland” will also…

Read More Here

Lufthansa says it’s back as earnings rebound, flags further gains in 2023

By Ilona Wissenbach and Joanna Plucinska (Reuters) - Germany's Lufthansa returned to what it called a "clearly positive result" for 2022 as air travel bounced back and said it expected…

Read More Here

KLM, IATA plan legal challenges over cap on Schiphol flights

AMSTERDAM, March 3 (Reuters) - KLM and other airlines that use Amsterdam's Schiphol airport on Friday said they are suing the Dutch government over its plan to cap the number…

Read More Here

A New Website for STUDJURBAN

STUDJURBAN, a leading architectural and urban design boutique consultancy firm is launching its brand-new website www.studjurban.com, a compendium of the studio’s best work to date, its research projects, as well…

Read More Here

Lufthansa’s Spohr gets another five years as CEO

BERLIN, March 2 (Reuters) - Carsten Spohr is to remain CEO of Lufthansa for another five years after the supervisory board agreed to extend his contract, the German flagship airline…

Read More Here

Israel’s El Al sees revenue fly as travel recovers

By Steven Scheer LOD, Israel, March 2 (Reuters) - El Al Israel Airlines ELAL.TA reported a fourth quarter net profit and forecast that annual revenue will jump 75% by 2028…

Read More Here

Coffee maker Lavazza secures 600 mln euro sustainability loan

ROME, March 2 (Reuters) - Italian coffee maker Lavazza has secured a 600 million euro ($637 million) loan agreement with a pool of banks linked to sustainability goals, the lenders…

Read More Here

02

Mar

Binance unit plans bid for Singapore crypto license

March 2 (Reuters) - Binance's custody unit Ceffu said on Thursday it is planning to apply for a permit to offer payment services in Singapore, as the crypto exchange makes…

Read More Here

Ryanair flies February high of 10.6 mln passengers

DUBLIN, March 2 (Reuters) - Ryanair flew 10.6 million passengers last month, a record high for February, but its rate of growth from pre-pandemic peaks slowed, company data showed on…

Read More Here

Britain’s Pret raises staff pay for third time in a year

LONDON, March 2 (Reuters) - British coffee and sandwich chain Pret A  Manger will raise staff pay for a third time in a year, an increase that will likely pique…

Read More Here

Hapag-Lloyd slides show more vessel supply on its way globally

FRANKFURT, March 2 (Reuters) - German container shipping line Hapag-Lloyd on Thursday showed industry forecasts pointing to rising supply in the global fleet over the next two years as previously…

Read More Here

National Express says more Britons shift to buses after rail strikes

By Radhika Anilkumar March 2 (Reuters) - National Express said on Thursday annual revenue surpassed pre-pandemic levels for the first time and its UK business turned a profit last year…

Read More Here

WH Smith says employee data was illegally accessed in cyber incident

March 2 (Reuters) - British retailer WH Smith on Thursday said it was investigating a cyber security incident that led to illegal access to some company data, including that of…

Read More Here

Microsoft Africa internet plan moves forward with fiber deal

March 2 (Reuters) - Microsoft Corp has reached a deal with Africa's biggest independent fiber network toward its goal of expanding internet access on the continent, its President Brad Smith…

Read More Here

Pfizer in talks to buy Seagen for likely for more than $30 bln – WSJ

Feb 26 (Reuters) - Pfizer Inc PFE.N is in early talks to acquire drugmaker Seagen Inc SGEN.O, the Wall Street Journal reported late on Sunday, citing people familiar with the matter. Seagen has a market value of…

Read More Here

British supermarkets confront their German discounting demons

By James Davey LONDON (Reuters) - Britain's big supermarkets say they have never been more competitive on price, yet their customers are still flocking to German-owned discount stores Aldi and…

Read More Here

26

Feb

Nokia changes iconic logo to signal strategy shift

By Supantha Mukherjee BARCELONA, Feb 26 (Reuters) - Nokia NOKIA.HE announced plans on Sunday to change its brand identity for the first time in nearly 60 years, complete with a new logo, as the…

Read More Here

26

Feb