Corporate Dispatch

Airbus looking to hire 3,500 employees in Germany this year – Spiegel

BERLIN, Feb 22 (Reuters) - Airbus is looking to hire 3,500 people in Germany this year, German news outlet Spiegel reported on Wednesday. The France-based group is seeking to employ…

Read More Here

GO Ventures Invests in UK-Based Tech Start-Up Raylo

GO Ventures, GO plc’s investment arm that focuses exclusively on tech-based startups, continues to support GO’s quest for more sustainable growth with its latest investment in RAYLO, a UK-based startup…

Read More Here

Average of 50 people admitted with kidney stones every month in Malta

When it comes to kidney stones, Malta is facing several challenges namely limited stone analysis with only qualitative data available, the fact that certain tests are still being conducted abroad,…

Read More Here

Britain’s Tesco raises store workers pay by 7%

LONDON, Feb 20 (Reuters) - Tesco, Britain's biggest retailer, will raise the hourly pay rate for store workers by 7% from April, it said on Monday. The supermarket group said…

Read More Here

20

Feb

Uber to introduce 25,000 EVs in India amid clean car push

By Aditi Shah NEW DELHI, Feb 20 (Reuters) - Uber Technologies will introduce 25,000 electric vehicles (EVs) in India for ride-sharing over three years, its country head said on Monday,…

Read More Here

Ericsson to cut 1,400 jobs in Sweden, sources say

STOCKHOLM, Feb 20 (Reuters) - Telecom gear maker Ericsson plans to cut around 1,400 jobs in Sweden as part of a broader plan that could also result in thousands of…

Read More Here

Aldi UK targets doubling of London stores

LONDON, Feb 20 (Reuters) - The British arm of German discounter Aldi plans to almost double its 60-strong store estate in London, it said on Monday. Last year Aldi UK,…

Read More Here

Maersk sells its logistics sites in Russia

COPENHAGEN, Feb 20 (Reuters) - Shipping and logistics group A.P. Moller-Maersk has agreed to sell its two logistics sites in Russia to IG Finance Development Limited, it said on Monday,…

Read More Here

Instagram and Facebook to test monthly subscription service priced at $11.99

(Reuters) - Meta Platforms announced that it is testing a monthly subscription service, called Meta Verified, which will let users verify their accounts using a government ID and get a…

Read More Here

Major Coca-Cola bottler warns prices, glass costs will rise further

LONDON (Reuters) - Coca-Cola Europacific Partners told Reuters on it expects to hike prices further, and said glass costs would rise by the "mid-teen to low double digits" this year…

Read More Here

Gucci banks on private ‘salons’ for the ultra-rich to revive sales

By Mimosa Spencer PARIS (Reuters) - Gucci is banking on new ultra-high-end "salons" offering merchandise priced at up to $3 million to help narrow a widening gap with rival Louis…

Read More Here

19

Feb

Carmaker Stellantis upbeat about future of German brand Opel

BERLIN, Feb 19 (Reuters) - Franco-Italian carmaker Stellantis is upbeat about the outlook of its German subsidiary Opel which it believes will be able to keep operating as a separate…

Read More Here

VW, Mercedes-Benz urge Berlin to accelerate EV charging network expansion

BERLIN, Feb 19 (Reuters) - German carmakers Mercedes-Benz and VW have urged the government to do more to scale up the number of electric vehicle charging stations across the country,…

Read More Here

IEA’s Birol warns of tighter energy supply next winter

By Andreas Rinke BERLIN, Feb 19 (Reuters) - International Energy Agency (IEA) head Fatih Birol has warned of possible energy shortages next winter as relatively little new liquefied natural gas…

Read More Here

Airports see smoother summer travel than 2022 but brace for headaches

By Allison Lampert and Joanna Plucinska Feb 17 (Reuters) - Global airports expect smoother travel this summer as staffing improves, but surging passenger demand during peak periods in Europe and…

Read More Here

European companies caution EU against major power market revamp

By Kate Abnett and America Hernandez BRUSSELS/PARIS, Feb 17 (Reuters) - Fourteen energy companies have urged the European Union to act with "caution" in an upcoming revamp of the bloc's electricity market,…

Read More Here

Microsoft limits Bing chats to 5 questions per session

Feb 17 (Reuters) - Microsoft MSFT.O said on Friday it will limit chat sessions on its new Bing search engine powered by generative artificial intelligence (AI) to five questions per session and 50 questions…

Read More Here

18

Feb

Airbnb confident on revenue as travel demand defies recession fears

(Reuters) - Airbnb Inc forecast current-quarter revenue above market estimates on resilient travel demand and said it would keep a tight lid on costs to protect margins, sending its shares…

Read More Here

Microsoft’s Bing plans AI ads in early pitch to advertisers

By Sheila Dang Feb 17 (Reuters) - Microsoft MSFT.O has started discussing with ad agencies how it plans to make money from its revamped Bing search engine powered by generative artificial intelligence as the…

Read More Here

German producer prices ease, but at lower pace than expected

Producer prices up 17.8% in January on year Rate of increase eases for fourth consecutive month More broad-based moderation of producer prices expected in 2023 BERLIN, Feb 17 (Reuters) -…

Read More Here

State-owned Tunisair reports 107% annual revenue jump

TUNIS, Feb 17 (Reuters) - Revenue at state-owned Tunisair more than doubled last year, a stock exchange filing showed on Friday. The national carrier, which is seeking a restructuring to…

Read More Here

China’s Lenovo posts worst revenue fall in 14 years as PC demand slumps

By Josh Ye HONG KONG, Feb 17 (Reuters) - China's Lenovo Group Ltd 0992.HK reported a 24% revenue decline for the third quarter, its largest revenue fall in 14 years…

Read More Here

Oil unlikely to break above $100/bbl this year, J.P.Morgan says

Feb 17 (Reuters) - Brent oil prices are unlikely to breach the $100 a barrel level this year, barring any significant geopolitical drivers, with OPEC+ potentially adding supply and Russian…

Read More Here

TikTok planning 2 more data centers in Europe amid data security concerns

By Foo Yun Chee BRUSSELS (Reuters) - Chinese social media company TikTok plans to open two more data centers in Europe, a senior executive said on Friday, a move that…

Read More Here

Air France-KLM interested in Portugal’s TAP

PARIS, Feb 17 (Reuters) - Air France-KLM Chief Executive Ben Smith on Friday reiterated that the airline was interested in Portugal's soon to be privatized TAP, noting the carrier's strong…

Read More Here

Microsoft-backed OpenAI to let users customize ChatGPT

By Anna Tong SAN FRANCISCO (Reuters) - OpenAI, the startup behind ChatGPT, said it is developing an upgrade to its viral chatbot that users can customize, as it works to…

Read More Here

Sticky inflation prompts EBRD to trim 2023 growth outlook for its region

Average inflation of 16.5% in the region is eroding real wages EBRD trims 2023 growth forecast for Turkey to 3% from 3.5% Uncertainty over war in Ukraine still high one…

Read More Here

European LNG demand to fuel competition with Asia in next two years -Shell

LONDON, Feb 16 (Reuters) - Europe’s increased need for liquefied natural gas (LNG) will fuel competition with Asia for the seaborne fuel over the next two years because global supply…

Read More Here

Airbus targets 720 deliveries in 2023

PARIS, Feb 16 (Reuters) - Airbus slowed the production ramp-up of its best-selling A320neo-family jet and targeted 2023 jet deliveries in line with its original estimate for last year as…

Read More Here

Facebook owner Meta increases Zuckerberg’s security allowance by $4 million

(Reuters) - Meta Platforms Inc said it had increased the security allowance given to Chief Executive and co-founder Mark Zuckerberg and his family by $4 million to $14 million. "This…

Read More Here

Aldi UK to recruit 6,000 after strong Christmas trading

LONDON, Feb 16 (Reuters) - The British arm of German discounter Aldi said on Thursday it was looking to hire more than 6,000 workers, continuing its expansion plans after a…

Read More Here

Twitter becomes first social media platform to allow cannabis ads in U.S.

By Mrinalika Roy (Reuters) - Twitter became the first social media platform to allow cannabis companies to market their brands and products in the United States. The company had earlier…

Read More Here

Nestle plans price hikes after inflation eats into profits

Price rises needed to further offset raw materials inflation Company expect organic growth of 6-8% in 2023 CEO says supply chain pressures easing By John Revill ZURICH, Feb 16 (Reuters)…

Read More Here

Lufthansa to cancel 34,000 flights in summer schedule – WirtschaftsWoche

BERLIN, Feb 16 (Reuters) - Lufthansa plans to cancel 34,000 flights in the summer half-year, German business weekly WirtschaftsWoche said on Thursday, adding the number could increase as cancellations at…

Read More Here

UK regional airline Flybe to wind down as rescue talks collapse

Flybe to wind down business as rescue talks end Further 25 jobs affected (Reuters) - British regional airline Flybe will wind up its business after rescue talks fell through, its…

Read More Here

Heineken profit higher than expected after Asia rebound

BRUSSELS, Feb 15 (Reuters) - Heineken, the world's second-largest brewer, reported a higher-than-expected profit in 2022 thanks to growth in all markets and a sharp rebound in Asia, and repeated…

Read More Here

Deutsche Post workers to vote on all-out strike from Monday

BERLIN, Feb 15 (Reuters) - Roughly 160,000 members of German trade union Verdi are set to begin voting on Monday on whether to hold an all-out strike after talks with…

Read More Here

Gucci slump pushes Kering sales down 7% in Q4

PARIS, Feb 15 (Reuters) - Sales at French luxury group Kering fell 7% in the fourth quarter, dragged lower by a slump in revenues at its biggest brand Gucci as…

Read More Here

British supermarket Waitrose commits 100 mln stg to price cuts

LONDON, Feb 15 (Reuters) - Upmarket British supermarket group Waitrose said it will spend 100 million pounds ($122 million) to cut prices on over 300 own-brand products as it fights…

Read More Here

IKEA says shrinks climate footprint with help from new light bulbs

By Marie Mannes and Anna Ringstrom STOCKHOLM, Feb 15 (Reuters) - IKEA, the world's biggest furniture brand, said on Wednesday its annual carbon emissions fell 5% in the last fiscal…

Read More Here

UPDATED: German air traffic control: landings at Frankfurt airport close to normal after IT failure

BERLIN, Feb 15 (Reuters) - Some 40 landings per hour have been possible at Frankfurt airport since 1220 GMT, which is close to normal traffic, Germany's DFS air traffic controllers…

Read More Here

UPDATED: 24-hour strike at German airports on Friday

BERLIN, Feb 15 (Reuters) - Strikes planned at seven German airports for Friday will lead to "massive disruptions", the operator of the country's largest airport, in Frankfurt, said in a…

Read More Here

Airline SAS network hit by hackers

STOCKHOLM (Reuters) - Scandinavian airline SAS said it was hit by a cyber attack Tuesday evening and urged customers to refrain from using its app but later said it had…

Read More Here

Demarcation between majority and minority Unions should be respected – MEA

The Malta Employers’ Association stated that there is a clear demarcation line between the rights of a recognised union which represents the majority of employees in a workplace, and those…

Read More Here

AstraZeneca CEO say UK business climate deters investment

By Natalie Grover and Maggie Fick LONDON (Reuters) - Britain's business climate is deterring pharma companies from making investments in the country, the CEO of AstraZeneca said, citing his company's…

Read More Here

ChatGPT frenzy sweeps China as firms scramble for home-grown options

By Josh Ye HONG KONG (Reuters) - Microsoft-backed OpenAI has kept its hit ChatGPT app off-limits to users in China, but the app is attracting huge interest in the country,…

Read More Here

Shoppers to face fresh price hikes as stores, suppliers pass on costs

Grocery costs seen rising further in 2023 -executives, analysts Input costs exacerbated by Ukraine war Retailers seeking to pass on high raw material costs Unilever, Nestle, Danone to report results…

Read More Here

Zara owner Inditex agrees 20% pay hike in Spain

MADRID (Reuters) - Shares in Zara owner Inditex fell as much as 4.7% on Friday after the world's biggest fast fashion retailer agreed an inflation-busting 20% increase in average wages…

Read More Here

Microsoft to demo its new ChatGPT-like AI in Word, PowerPoint, and Outlook soon-

Microsoft is getting ready to demonstrate how its new ChatGPT-like AI will transform its Office productivity apps. After announcing and demonstrating its Prometheus Model in its new Bing search engine…

Read More Here

Adidas forecast for 2023 sales slump spooks investors

BERLIN, Feb 10 (Reuters) - Adidas flagged that it expects a high single-digit decline in sales this year, sending its shares more than 10% lower in premarket trade early on…

Read More Here

Goldman lowers 2023 Brent price forecast to $92/bbl

Feb 10 (Reuters) - Goldman Sachs lowered its oil price forecasts for this year and next but still expects prices to rise gradually to $100 a barrel by December. Goldman…

Read More Here

UK regulator probes Barclays over anti-money laundering systems -FT

Feb 10 (Reuters) - Britain's financial regulator is investigating Barclays PLC for suspected failings in its compliance and anti-money laundering systems, the Financial Times reported on Friday. The Financial Conduct…

Read More Here

Microsoft co-founder Bill Gates: ChatGPT ‘will change our world’

BERLIN, Feb 10 (Reuters) - Microsoft co-founder Bill Gates believes ChatGPT, a chatbot that gives strikingly human-like responses to user queries, is as significant as the invention of the internet,…

Read More Here

Deliveroo to cut hundreds of jobs

British meal delivery company Deliveroo said it would cut around 9% of its workforce, or 350 roles, as it struggles to become profitable in a tougher consumer environment that has…

Read More Here

Rheinmetall in talks with Kyiv about Panther battle tanks, CEO tells Handelsblatt

BERLIN, Feb 9 (Reuters) - German arms maker Rheinmetall wants to deliver its latest tank models to Ukraine, including Panther battle tanks, Chief Executive Armin Papperger told Handelsblatt business daily…

Read More Here

TikTok promises to ramp up fight against disinformation in EU

By Foo Yun Chee BRUSSELS, Feb 9 (Reuters) - Chinese social media company TikTok on Thursday pledged to do more to tackle disinformation on its platform by adding more safety…

Read More Here

Unilever says prices hikes will continue into this year

Unilever sees higher prices in 2023, moderating in second half First-half net material inflation seen at 1.5 bln euros By Richa Naidu LONDON, Feb 9 (Reuters) - Unilever Plc said…

Read More Here