Corporate Dispatch
Saudi wealth fund to buy stake in luxury hotel chain Rocco Forte
Dec 4 (Reuters) - Saudi Arabia's sovereign wealth fund will buy a "significant" minority stake in luxury hotel group Rocco Forte Hotels…
Spotify to reduce staff by 17% in second layoff this year
Spotify plans to cut 17% of its staff despite recent profit growth.
Microsoft president says no chance of super-intelligent AI soon
Microsoft's President Brad Smith dismisses fear of super-intelligent AI creation within a year.
After Musk tirade, X faces prospect of more advertisers fleeing
#ElonMusk's controversial comments spark advertiser exit, risking social media firm #X's future.
Puma Honors Women’s World Cup ‘Campeonas’ With Special Edition Boots
#PUMA honoured three Women's World Cup heroes #Campeonas from #Spain with custom boots celebrating their successful tournament journey.
US FAA wants new planes to capture more cockpit data to boost safety probes
By David Shepardson WASHINGTON (Reuters) - The Federal Aviation Administration (FAA) said it is proposing to extend the cockpit voice-recording requirement to…
Zara founder buys Amazon logistics centre in Dublin for $245 mln
MADRID, Dec 1 (Reuters) - Spanish billionaire and Zara founder Amancio Ortega has bought a logistics centre mainly used by Amazon in…
Adidas Releases Special Edition Predator 30 Boot to celebrate 30 anniversary
Adidas has just revealed the new Predator 30, a special edition pack celebrating three decades of innovation for football’s most legendary boot…
Japan aircon king Daikin looks to custom chips for energy savings
Daikin
Israel’s El Al in ’emergency mode’ since start of war
El Al Israel Airlines
Lufthansa seeks EU antitrust approval for ITA Airways stake purchase
By Ilona Wissenbach, Angelo Amante and Giuseppe Fonte FRANKFURT/ROME, (Reuters) - Lufthansa AG and Italy sought EU antitrust approval for the German…
Pfizer is sued by Texas over COVID vaccine claims
Pfizer has been sued by Texas Attorney General Ken Paxton, who accused the drugmaker of misrepresenting the efficacy of its widely-used COVID-19…