25

Mar

Ericsson to lay off 1,200 people in Sweden

COPENHAGEN, March 25 (Reuters) - Sweden's Ericsson on Monday said it would lay off about 1,200 employees in Sweden as a way of cutting costs, citing a challenging mobile networks…

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24

Mar

Lamborghini 350 GT returns to Geneva 60 years after its debut

In March 1964, Automobili Lamborghini was still in its infancy. Established just a few months previously, it had presented its first prototype in October 1963, known as the 350 GTV…

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24

Mar

BMW targets steady 2024 margins as electric spending peaks

Sees automotive operating profit margin 8-10% Sees slight increase in key brand deliveries Says spending on electric switch should peak this year By Andrey Sychev and Nick Carey  (Reuters) -…

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23

Mar

High Court orders temporary suspension of Telegram’s services in Spain

MADRID, March 23 (Reuters) - Spain's High Court has ordered the suspension of messaging app Telegram's services in the country after media companies complained it was allowing users to upload…

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22

Mar

For Nike, ‘it’s gotta be the shoes’ is a thing of the past

By Katherine Masters and Ananya Mariam Rajesh (Reuters) - Nike has increasingly leaned on its iconic basketball shoes to boost sales, but as the sportswear giant bleeds market share to…

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22

Mar

Italy regulator launches probe into Booking.com for potential abuse of dominant position

ROME, March 22 (Reuters) - Italy's competition watchdog said on Friday it has opened a probe into Booking.com  to establish whether the travel website is abusing its dominant market position. The watchdog, AGCM,…

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22

Mar

IAG warns Air Europa’s customers of personal data leak, WSJ reports

British Airways owner International Consolidated Airlines Group said that personal data of Air Europa's customers had been compromised due to a security incident that was discovered in October, the Wall…

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22

Mar

Microsoft pays Inflection $650 mln in licensing deal

By Krystal Hu and Harshita Mary Varghese March 21 (Reuters) - Microsoft has agreed to pay AI startup Inflection about $650 million in cash in an unusual deal that would…

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21

Mar

Lamborghini ends 2023 by breaking all previous records.

The year 2023 was the best ever for Automobili Lamborghini, which posted financial results confirming the continuous growth of the company in Sant’Agata Bolognese, Italy. After passing the peak of…

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21

Mar

Barclays poised to cut hundreds of investment bank jobs

Barclays is preparing to axe hundreds of jobs across its investment bank as it runs the rule over under-performers in the division, two sources familiar with the matter told Reuters.…

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21

Mar

GO surpasses record 2022 performance with exceptional 2023 results

GO’s Chief Executive Officer Nikhil Patil described 2023 as “a transformational year for bringing our Purpose of Driving a digital Malta to life. We have been firing all cylinders to…

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21

Mar

EasyJet talking to European Commission about taking over slots at Linate airport

By Joanna Plucinska and Foo Yun Chee BRUSSELS, (Reuters) - EasyJet is in talks with the European Commission about taking over slots at Milan's Linate airport that could be available…

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20

Mar

Kyowa Kirin’s gene therapy most expensive US drug with $4.3 mln price tag

March 20 (Reuters) - Orchard Therapeutics, a unit of Japan's Kyowa Kirin , priced its newly approved gene therapy for a rare, life-threatening genetic disease on Wednesday at $4.25 million,…

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20

Mar

Microsoft taps DeepMind co-founder Suleyman to spearhead consumer AI push

Microsoft has appointed DeepMind co-founder Mustafa Suleyman as the head of a newly created consumer AI unit and hired several employees of his Inflection AI startup, seeking to defend its…

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20

Mar

Lufthansa wants to close deal with ITA as soon as possible, CEO says

BRUSSELS, March 20 (Reuters) - Lufthans to close a deal with Italy's ITA Airways "as soon as possible," Lufthansa's Chief Executive told journalists on Wednesday, adding that he was optimistic…

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20

Mar

Zara workers to protest outside Spanish stores after record profit

MADRID (Reuters) - Workers at Zara owner Inditex' stores plan to protest in eight major Spanish cities on Friday to demand better benefits after the fashion giant reported record profits…

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18

Mar

Mcdonald’s Marks Global Recycling Day In Malta

Premier Restaurants Malta, which operates McDonald’s on the island, has reduced 15 tonnes of plastic waste in 2023 as part of its drive to become plastic-free by 2025. Globally, McDonald’s…

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18

Mar

EasyJet forecasts 8% capacity growth this summer

BIRMINGHAM, March 18 (Reuters) - Easyjet expects to achieve 8% capacity growth this summer helped by deliveries of new aircraft, the highest of any European airline, its chief executive Johan…

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16

Mar

Hilton to buy Graduate Hotels in first brand acquisition since 1999

 (Reuters) - Hilton said this week it will buy Graduate Hotels from Adventurous Journeys Capital Partners for $210 million, marking its first brand acquisition in over two decades as pressure…

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15

Mar

Rivals Nissan and Honda sign MoU on EV partnership

Have signed non-binding memorandum of understanding To look at areas of potential collaboration, no scope yet determined Open to working together in any region, Nissan CEO says "We are strapped…

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15

Mar

Microsoft singles out Google’s competitive edge in generative AI

By Foo Yun Chee BRUSSELS (Reuters) - Alphabet unit Google enjoys a competitive edge in generative artificial intelligence due to its trove of data and AI-optimised chips, Microsoft has told…

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15

Mar

Swisscom to buy Vodafone Italia in 8-bln-euro deal

March 15 (Reuters) - Swisscom said on Friday it will buy Vodafone Italia for 8 billion euros ($8.70 billion)to merge the business with its Italian subsidiary Fastweb. The deal will…

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14

Mar

Hyundai and Kia to recall nearly 170,000 EVs over software problem in South Korea

Hyundai Motor Co 005380.KS and sister company Kia Corp 000270.KS will recall about 170,000 electric vehicles (EVs) in South Korea over problems with software in the charging systems, South Korea's transport ministry said on…

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14

Mar

Microsoft and Oracle expand partnership to satisfy global demand for Oracle Database@Azure

Microsoft Corp. and Oracle are expanding our collaboration to meet growing customer demand for Oracle Database@Azure around the world. Oracle Database@Azure will expand to five more regions, which brings the…

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14

Mar

Rheinmetall hails ‘new decade’ as defence spending drives up sales

By Rachel More BERLIN, March 14 (Reuters) - German arms manufacturer Rheinmetall said on Thursday it expected record sales and increased profitability this year, as the war in Ukraine drives…

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14

Mar

EU Parliament approves compromise on vehicle pollution limits

BRUSSELS, (Reuters) - The European Parliament approved on Wednesday tougher emissions standards for some vehicles in a deal that watered down the initial European Union proposal, following objections from some…

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14

Mar

US House passes bill to force ByteDance to divest TikTok or face ban

By David Shepardson WASHINGTON, (Reuters) - The U.S. House of Representatives overwhelmingly passed a bill that would give TikTok's Chinese owner ByteDance about six months to divest the U.S. assets…

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11

Mar

Belgian bus maker Van Hool to cut 25% of jobs in next four years amid China competition

March 11 (Reuters) - Belgian bus maker Van Hool said on Monday it would scrap over a quarter of its total workforce, more than 1,000 positions, over the next four…

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11

Mar

Germany joins France in backing 2nd term for IMF’s Georgieva

March 11 (Reuters) - Germany will support a second term for International Monetary Fund (IMF) chief Kristalina Georgieva, Finance Minister Christian Lindner said on Monday, adding to support for the…

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10

Mar

UN data: Global patent filings drop nearly 2% as innovation falters

GENEVA, (Reuters) - Patent filings slipped last year by nearly 2% in the first fall in 14 years amid economic uncertainty, the U.N. patent agency said this week, in a…

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09

Mar

Climate monitoring satellite leaves Europe

The Airbus-built EarthCARE (Earth Clouds, Aerosols and Radiation Explorer) spacecraft has left Munich, Germany, and is now on its way aboard an aircraft to its launch site in Vandenberg, California.…

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09

Mar

Musk says X’s long-form videos will soon be available on smart TVs

Long-form videos will soon be available on smart televisions, billionaire Elon Musk said, after Fortune magazine reported that social network X planned to launch next week a TV app for…

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09

Mar

Microsoft strikes deal with Paris-based Mistral

Brad Smith, Microsoft’s president, unveiled a “multiyear partnership” with Paris-based Mistral on Monday, to help the 10-month-old company bring its AI models to market. The agreement was initially announced by…

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08

Mar

MISCO To Dedicate Whole Week To Neurodiversity

90% of employees who are neurodivergent will never disclose the fact that they are neurodivergent for fear of stigma, abusive bullying, past experiences or threats of career damage. In Malta,…

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07

Mar

Darktrace upgrades forecasts as hack threats rise

By Sarah Young LONDON, March 7 (Reuters) - British cyber-security firm Darktrace on Thursday raised its forecasts for full-year revenue and margins on strong demand for its services, reflecting growing…

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07

Mar

Tinder to provide EU users with more clarity on prices to end probe

By Foo Yun Chee BRUSSELS, March 7 (Reuters) - Match Group-owned dating app Tinder on Thursday agreed to better inform users about discounted prices for its premium services following scrutiny…

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07

Mar

Australian regulator starts investigation into Britain’s Bet365

March 7 (Reuters) - Australia's financial crime watchdog said on Thursday it has commenced an investigation into British online gambling firm Bet365 after receiving an external audit report. The Australian…

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07

Mar

Lufthansa gives subdued 2024 outlook as labour disputes weigh

Lufthansa reports 2023 results as ground workers go on strike Lufthansa 2023 operating profit in line with expectations Lufthansa will try to get "as close as possible" to 8% profit…

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07

Mar

Xbox and Best Buy Launch Stunning SpongeBob-Inspired Special Edition Xbox Bundle

Xbox, Best Buy, Paramount Game Studios and GameMill are joining forces to give SpongeBob SquarePants fans a new way to game. Through Best Buy Drops on the Best Buy Mobile…

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06

Mar

Dutch government scrambling to keep ASML in Netherlands

AMSTERDAM, March 6 (Reuters) - The Dutch government has launched a campaign to ensure that the country's largest company, semiconductor equipment maker ASML, does not move operations to another country…

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04

Mar

German train drivers to launch new ‘strike wave’ from Thursday

BERLIN, March 4 (Reuters) - German train drivers will launch a wave of strikes from Thursday, the head of the GDL union said on Monday, ramping up a long-running dispute…

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04

Mar

Union calls on Lufthansa ground staff to strike again this week

BERLIN, March 4 (Reuters) - Germany's Verdi union has called on Lufthansa ground staff to strike on Thursday and Friday, saying in a statement that a revised offer in wage…

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02

Mar

In risky space business, Intuitive Machines sets sights on second moon landing

By Joey Roulette WASHINGTON, (Reuters) - Intuitive Machines and its space-cargo customers expect the company to emerge stronger from its problem-plagued moon landing this week, with improvements set for the…

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01

Mar

Ryanair cuts traffic forecast as Boeing MAX delays hit summer plans

DUBLIN, March 1 (Reuters) - Ryanair will carry 198 million to 200 million passengers in the financial year from April versus the 205 million previously forecast, after announcing cuts to…

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28

Feb

Swisscom in advanced talks to buy Vodafone Italia for $8.7 bln

By Paolo Laudani and Paul Sandle LONDON, Feb 28 (Reuters) - Swisscom said on Wednesday it was in exclusive talks to buy all of Vodafone Italia for 8 billion euros…

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26

Feb

Zara owner Inditex expands bargain brand to counter Shein

By Corina Pons, Helen Reid MADRID/LONDON, (Reuters) - Zara owner Inditex, the world's biggest listed fast fashion company by sales, is expanding its low-priced Gen Z-focused brand Lefties to counter…

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26

Feb

Barry Callebaut preparing to cut one in five jobs, CEO tells paper

BERLIN, Feb 26 (Reuters) - Swiss chocolate maker Barry Callebaut is preparing to cut around 2,500 jobs, or 19% of its workforce, CEO Peter Feld said in an interview with…

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26

Feb

Nintendo to introduce Switch console successor as early as March 2025

TOKYO, Feb 26 (Reuters) - Japan's Nintendo will roll out the successor of its Switch console as early as March 2025, the Nikkei business daily reported on Monday. Market watchers…

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26

Feb

UPDATE: Ryanair may have to cut summer flights due to further Boeing delays

Use of language that some readers may find offensive in paragraphs 15 and 27 By Joanna Plucinska DUBLIN, Feb 26 (Reuters) - Ryanair will receive even fewer Boeing BA.N aircraft…

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25

Feb

Royal Caribbean boosts annual profit forecast on strong cruise demand

(Reuters) - Royal Caribbean Group this week raised its annual profit forecast as the company benefits from strong cruise demand during the key 'wave season' and robust on-board spending. The…

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24

Feb

Ford halts shipments of new F-150 Lightning EVs

By David Shepardson  (Reuters) - Ford Motor said it had halted shipments of all 2024 model year F-150 Lightning electric pickup trucks, so it could perform quality checks for an…

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24

Feb

Stellantis CEO defends EU’s 2035 ban on fossil-fuel cars

BERLIN, Feb 24 (Reuters) - Franco-Italian automaker Stellantis wants to stick to the European Union's goal to effectively ban the sale of new petrol and diesel cars from 2035, CEO…

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23

Feb

Ryanair expects jump in Central and Eastern European passengers

DUBLIN, Feb 23 (Reuters) - Ryanair expects Central and Eastern Europe to account for 20% of the 300 million passengers it plans to fly annually by 2034, up from about…

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22

Feb

Qantas Airways promises customer focus as profits dip on lower fares

Qantas net profit down 12.8% Announces on-market share buy-back of up to A$400 mln Fares falling as capacity continues to normalise New CEO Hudson looks to rebuild reputation By Praveen…

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22

Feb

Brussels Airlines to restart flights to Israel

BRUSSELS, Feb 22 (Reuters) - Brussels Airlines said on Thursday that it will restart flights to Israel from March 24. Like many other carriers, the Belgian airline stopped flying to…

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22

Feb

Apple warns not to dry your iPhone in a bag of rice

If your iPhone gets wet don't dry it in a bag of rice, Apple has advised. Despite the technique's popularity, experts have long warned against it, with tests suggesting it…

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22

Feb

Mercedes-Benz says plug-in hybrids to ‘stay relevant’ amid EV demand slowdown

Mercedes-Benz Cars adjusted RoS of 12.6% in 2023 Trade tensions, supply chain costs to weigh on this year Carmaker will attempt to defend 2023 pricing levels Q1 sales expected below…

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