Corporate Dispatch

United Airlines to become first US carrier to resume Israel flights since Gaza war

By David Shepardson WASHINGTON, (Reuters) - United Airlines said it plans to resume direct U.S. flights to Israel early next month, becoming the first American carrier to resume service since…

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‘AI godfather’, others urge more deepfake regulation in open letter

By Anna Tong BERKELEY, Feb 21 (Reuters ) - - Artificial intelligence experts and industry executives, including one of the technology's trailblazers Yoshua Bengio, have signed an open letter calling…

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Crypto firm Circle to end support for USDC stablecoin on Tron blockchain

By Tom Wilson LONDON, Feb 21 (Reuters) - Major U.S. crypto firm Circle will end support for its USDC token on the Tron blockchain network, a decision the company said…

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Arla says sales could slip this year as consumers cut back on dairy products

Dairy producer Arla said that sales could slip this year after a flat 2023 as European consumers continue to cut back spending, although it sees some signs of improving demand.…

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UK’s Currys’ shares soar after China’s JD.com joins takeover battle

JD.com joins rival bidder Elliot Advisors Elliot 62 pence per share bid rejected Shares up 33% at 62.3 pence LONDON, Feb 19 (Reuters) - China's JD.com said it was evaluating…

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Lufthansa ground staff to strike on Tuesday

Ground staff at German airline Lufthansa will go on strike on Tuesday, the Verdi union said, announcing the latest industrial action to hit Germany's transport sector as workers demand more…

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EU poised to fine Apple about 500 mln euros, FT reports

Feb 18 (Reuters) - The European Union is set to fine Apple about 500 million euros ($539 million) over alleged breaches of EU competition law, the Financial Times reported on…

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Chemicals maker Sika flags ‘challenging’ 2024 for construction

By John Revill ZURICH, Feb 16 (Reuters) - Sika said on Friday it expects market conditions to remain "challenging" in 2024 as the Swiss construction chemicals maker posted full-year profit…

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Nike plans to cut about 2% jobs

Feb 15 (Reuters) - Nike said it will cut about 2% of its total workforce, or more than 1,600 jobs, as the sportswear giant looks to cut costs after flagging…

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15

Feb

UK’s M&S adds Puma and Reebok to external brand offer

LONDON, Feb 15 (Reuters) - British retailer Marks & Spencer said on Thursday it has teamed up with Puma and Reebok as it looks to bolster its offering of external…

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Microsoft to invest 3.2 bln euro in Germany in AI push

BERLIN, Feb 15 (Reuters) - U.S. software giant Microsoft will invest 3.2 billion euros ($3.44 billion) in Germany in the next two years with a focus on artificial intelligence, Microsoft…

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UK’s Costa Coffee to give workers 9% pay rise

LONDON, Feb 15 (Reuters) - Britain's Costa Coffee said on Thursday it would give over 15,000 hourly-paid workers an average 9% pay increase from April 1, a move that reflects…

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Puma and Scuderia Ferrari Unveil 2024 Replica Collection

Global Sports Company Puma together with Scuderia Ferrari, introduced the latest edition of the Scuderia Ferrari Replica Collection for the 2024 Formula One season. Inspired by the rich heritage of Scuderia…

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Microsoft in talks to end trade body’s cloud computing complaint

By Foo Yun Chee BRUSSELS, Feb 7 (Reuters) - Microsoft is in talks with CISPE in an attempt to resolve its European Union antitrust complaint about the U.S. software giant's…

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Hilton Worldwide sees softer US leisure travel hitting 2024 profit

Feb 7 (Reuters) - Hotel operator Hilton Worldwide on Wednesday forecast 2024 profit below market expectations on higher expenses and signs of softening demand for leisure travel in the United…

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Germany cuts stake in DHL in privatisation push

By Emma-Victoria Farr and Christian Kraemer FRANKFURT, Feb 7 (Reuters) - Germany's state-owned KfW bank placed some 50 million shares of its stake in DHL for 2.17 billion euros ($2.33…

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Microsoft says will help 2 mln Indians in small cities learn AI skills

MUMBAI, Feb 7 (Reuters) - Microsoft will provide 2 million people in India with AI skilling opportunities by 2025, CEO Satya Nadella said on Wednesday, adding that it is imperative…

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Oil India looking at return to Libya

By Sethuraman N R Oil India is in talks with stakeholders to restart drilling in Libya, thirteen years after the company exited the country due to political instability, a top…

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Microsoft and Semafor have partnered to use AI chatbots to create news stories.

Microsoft is working with media start-up Semafor to use its artificial intelligence chatbot to help develop news stories — part of a journalistic outreach. As part of the agreement, Microsoft…

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UPDATED: Stellantis denies speculation of merger plan with Renault

MILAN, Feb 5 (Reuters) - Stellantis Chairman John Elkann on Monday denied the carmaker was hatching merger plans, responding to press speculation about a possible French-led tie-up with rival Renault.…

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UPDATED: Union calls strike at Lufthansa for Wednesday

BERLIN, Feb 5 (Reuters) - Ground staff at German flag carrier Lufthansa will go on strike this Wednesday, the Verdi union said on Monday, in the latest bout of industrial…

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04

Feb

Puma named global Top Employer in 2024

Sports company Puma has been named a Top Employer globally, in four regions and in 24 countries, underscoring the company’s commitment to provide an attractive workplace for its employees. The…

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Nestlé in hot water over purification treatment for Perrier and Vittel

French prosecutors are investigating Nestlé after the Swiss food giant admitted to treating water for its top brands, including Perrier and Vittel, that supposedly comes straight from springs. Mineral water…

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Adidas joins sportswear peers in warning of tough 2024

Sales and profit forecasts for 2024 weaker than expected Adidas plans to sell remaining Yeezy shoes at cost Consumer sentiment "not great", CEO says Shares down more than 5% By…

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Bayer says to outsource some aspects of pharma business in Africa

NAIROBI, (Reuters) - Germany's Bayer will contract a third party to distribute its pharmaceutical products in four African markets including Kenya, it said, adding that the impact on jobs will…

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Ferrari sees strong orders powering more growth

MILAN, (Reuters) - Luxury sports car maker Ferrari sees further growth in revenues and core earnings this year, supported by a strong order book, reassuring investors who feared a conservative…

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Tod’s for Automobili Lamborghini

Automobili Lamborghini and Tod's recently presented the first footwear collection born from the two brands’ partnership. The exclusive collaboration of the two companies celebrates craftsmanship and innovation: qualities that define…

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Electrolux expects further weak consumer sentiment in early 2024

By Marie Mannes STOCKHOLM, Feb 2 (Reuters) - Electrolux ST said on Friday it expected consumer sentiment to stay weak in early 2024 as customers seek cheaper alternatives but the…

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Tesla recalls nearly all its US vehicles in largest-ever such move

Feb 2 (Reuters) - Tesla is recalling 2.2 million vehicles, or nearly all of its electric vehicles in the United States, due to incorrect font sizes on warning lights, which…

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Ryanair load factor dips to 89% after some travel agents halt sales

DUBLIN, Feb 2 (Reuters) - Ryanair flights were emptier in January than the same month a year ago after a number of online travel agents (OTAs) stopped selling its flights…

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Adidas CEO says Red Sea disruptions cause delays and higher costs

LONDON, Feb 1 (Reuters) - Shipping disruptions in the Red Sea are negative for gross margins, Adidas CEO Bjorn Gulden said on Thursday in a call with analysts, adding that…

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Hyundai Motor to supply Italy’s Iveco with new electric van for Europe

MILAN, Feb 1 (Reuters) - Iveco Group and Hyundai Motor have struck a deal for the South Korean group to supply a fully electric light commercial vehicle to the Italian…

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Samsung sees tech devices demand recovering in 2024 after record chip loss

Samsung says chip demand from AI services to aid recovery Record $11.2 bln chip losses in 2023 from severe downturn Targets double-digit growth in flagship smartphone sales By Joyce Lee…

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GSK sees strong growth as respiratory, cancer portfolio to pay off

Jan 31 (Reuters) - GSK beat market estimates for fourth-quarter results on Wednesday, and unveiled an upbeat forecast for 2024 and beyond, as the drugmaker ramps up its vaccines, infectious…

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Red Sea crisis unlikely to end soon, Hapag-Lloyd CEO says

HAMBURG, Jan 31 (Reuters) - Attacks on cargo vessels in the Red Sea by Yemen-based Houthi rebels are unlikely to end soon, forcing shipping companies to avoid the route through…

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Microsoft touts AI strength

By Stephen Nellis, Yuvraj Malik and Anna Tong Jan 30 (Reuters) - Microsoft MSFT.O beat market estimates for quarterly profit and revenue on Tuesday, as new artificial-intelligence features helped attract…

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Microsoft set for AI-powered revenue surge as stock pulls ahead

By Yuvraj Malik Jan 29 (Reuters) - Microsoft expected to report a 15.8% jump in quarterly revenue, its best growth in nearly two years, as rising adoption of its products…

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Ryanair trims annual profit forecast after travel agents halt sales

FY profit forecast cut to 1.85-1.95 bln eur from 1.85-2.05 bln Profit for final three months of 2024 misses target CEO has 'some degree of optimism' about summer Shares fall…

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Bayer shares fall nearly 6% on court order to pay $2.25 bln in damages

By Ludwig Burger and Patricia Weiss FRANKFURT, Jan 29 (Reuters) - Shares in Bayer dropped as much as 5.7% on Monday after the embattled German company was ordered to pay…

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Finnair to cancel some 550 flights this week over union strike

COPENHAGEN, Jan 29 (Reuters) - Finnair on Monday said it expects to cancel about 550 flights this week due to labour union strike action against the Finnish government on Feb…

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Toyota halts shipment of some vehicles over certification issues

By Daniel Leussink TOKYO, Jan 29 (Reuters) - Toyota Motor said it would suspend shipments of some models including the Hilux truck and Land Cruiser 300 SUV after finding irregularities…

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UK’s John Lewis considers 11,000 job cuts

(Reuters) - John Lewis Partnership, the owner of John Lewis and Waitrose, is considering cutting up to 11,000 staff jobs in the next five years, the Guardian reported. A minimum…

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Snam CEO says EastMed gas could help if Red Sea turmoil continues

MILAN, (Reuters) - East Mediterranean fields could help to keep Europe supplied with liquefied natural gas (LNG) if disruption of deliveries via the Red Sea continues, the chief executive of…

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Aviation sector sees no fast tech solution to GPS interference problem

By Joanna Plucinska LONDON, (Reuters) - Global regulators, aviation security specialists and manufacturers failed to reach an agreement on a quick technical fix to the problem of GPS spoofing near…

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Aviation industry needs to refocus, says Wizz Air CEO

By Joanna Plucinska LONDON, Jan 25 (Reuters) - The airline industry will have to put quality at the forefront and refocus in the wake of an incident where a cabin…

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27

Jan