Corporate Dispatch

UPDATED: Maersk, CMA CGM impose container surcharges over Red Sea diversions

OSLO/PARIS, Dec 22 (Reuters) - Maersk and CMA CGM, two of the world's largest shipping firms, will impose extra charges after deciding to re-route ships following attacks on vessels in…

Read More Here

Royal Bank of Canada gets nod for $10 bln purchase of HSBC unit

By Nivedita Balu Dec 21 (Reuters) - Canada approved Royal Bank of Canada's C$13.5 billion dollars ($10.2 billion) acquisition of HSBC's domestic unit, in a deal that would further tighten…

Read More Here

UPDATED: German pilots union calls Saturday strike at Lufthansa’s Discover

BERLIN, Dec 22 (Reuters) - German pilots' union VC has called for a five-hour strike at the Lufthansa Group's leisure subsidiary Discover Airlines ahead of the Christmas holidays, it said in a statement on Friday.…

Read More Here

Honda to recall over 2.5 million US vehicles – NHTSA

Dec 21 (Reuters) - Honda Motor's American unit is recalling about 2.5 million vehicles over risks of fuel pump failure that can cause an engine stall while driving andincrease the…

Read More Here

Lamborghini reveals the Lanzador on Roblox

Automobili Lamborghini announced the launch of its immersive virtual experience, Lamborghini Lanzador Lab: The Official Design and Drive Experience on Roblox, the global immersive platform for communication and connection. This…

Read More Here

Puma launches sportswear decorated with Swarovski crystals

Puma has just launched a new chapter in its creative partnership with Swarovski crystals. An expression of minimalist sportswear, Puma and Swarovski’s new partnership is created with precision-cut Swarovski crystals,…

Read More Here

Amsterdam’s Schiphol airport has capacity for 483,000 flights in 2024

AMSTERDAM, Dec 21 (Reuters) - Amsterdam's Schiphol airport on Thursday said it has room to accommodate 483,000 flights in 2024, if airlines find ways to ease the burden on peak…

Read More Here

21

Dec

Spain’s Mango to open 500 new stores globally by 2026

Spanish fashion company Mango plans to open 500 new stores by 2026 in key markets such as the United States, Canada, France, Italy, the United Kingdom, India and at home,…

Read More Here

Ground service workers at Spain’s Iberia postpone strike after New Year period

MADRID, Dec 21 (Reuters) - Unions for ground service workers at International Airlines Group-owned Iberia have postponed a strike at Spanish airports that was announced for the New Year period.…

Read More Here

UPDATED: Social media platform X back up after global outage

Dec 21 (Reuters) - Social media platform X, formerly known as Twitter, was restored globally early Thursday, with over 77,000 U.S. users facing issues at the peak of the outage.…

Read More Here

Toyota recalling 1.12 million vehicles over potential air bag issue

By David Shepardson WASHINGTON, (Reuters) - Toyota Motor said it will recall 1.12 million vehicles worldwide because a short circuit in a sensor could cause air bags not to deploy…

Read More Here

Australian court fines Airbnb over misleading accommodation pricing

Airbnb to pay penalties and compensation Company received more than 2,000 claims Dec 20 (Reuters) - The Australian Federal Court has ordered Airbnb to pay A$15 million ($10.1 million) in…

Read More Here

PayPal amends terms and conditions to comply with EU law

BRUSSELS, Dec 20 (Reuters) - PayPal has committed to amending its terms and conditions to fully comply with EU consumer protections rules, the EU said in a statement on Wednesday.…

Read More Here

Microsoft teaming up with TomTom to equip cars with a generative AI

In a press release, the GPS company TomTom announced that it's teaming up with Microsoft to equip cars with a generative AI assistant named "Tommy" that will, for some reason,…

Read More Here

Toshiba delisted after 74 years, faces future with new owners

By Anton Bridge TOKYO, Dec 20 (Reuters) - Toshiba was delisted on Wednesday after 74 years on the Tokyo exchange, following a decade of upheaval and scandal that brought down…

Read More Here

UPDATED: Toyota’s Daihatsu to halt all vehicle shipments as safety scandal widens

By Daniel Leussink TOKYO, Dec 20 (Reuters) - Toyota Motor's 7203.T Daihatsu unit will halt shipments of all of its vehicles, Japan's biggest automaker said on Wednesday, after an investigation into a safety scandal…

Read More Here

Fiat to start selling electric 500 model in North America early in 2024

Fiat will start selling its fully-electric 500e small car in North America in the first quarter of next year, parent Stellantis announced, adding it would be its first such retail…

Read More Here

MSC ships to divert transit from Red Sea after attack

Dec 16 (Reuters) - MSC Mediterranean Shipping Co SA ships will not transit the Suez Canal eastbound and westbound, after an attack on one of its container ships on Dec.…

Read More Here

Shipping industry urges caution on use of armed guards on Red Sea vessels

By Jonathan Saul Shipping companies should use caution when deploying private armed guards onboard vessels sailing through the Red Sea and Gulf of Aden because of the risk of escalation…

Read More Here

Lamborghini Urus Performante enters into service with the Italian State Police

The successful twenty-year collaboration between Automobili Lamborghini and the Italian “Polizia di Stato” continues. This time, the Sant’Agata Bolognese carmaker has delivered a Urus Performante to the Italian Highway Police,…

Read More Here

14

Dec

Mapfre seeks to boost asset management unit via acquisitions – Expansion

Dec 14 (Reuters) - Spanish insurance company Mapfre plans to boost its asset management unit through acquisitions, Spanish newspaper Expansion said on Thursday, citing the unit's Chief Executive Alvaro Anguita.…

Read More Here

Tesla recalling 2 million US vehicles over Autopilot safeguards

By David Shepardson WASHINGTON, Dec 13 (Reuters) - Tesla is recalling just over two million vehicles in the United States to install new safeguards to prevent the misuse of its…

Read More Here

Emirates reveals ‘most watched and listened to’ content in the sky

As a busy year of international travel draws to a close, the world’s largest international airline is revealing how passengers spent their time inflight, delving into data to dissect what…

Read More Here

Airbnb to pay $620 mln to settle some outstanding Italy tax obligations

Dec 13 (Reuters) - Vacation rental platform Airbnb said on Wednesday it will pay 576 million euros ($620.58 million) to the Italian Revenue Agency to settle outstanding host income tax…

Read More Here

Ryanair to start Morocco domestic flights in summer 2024

The Moroccan government has given its go ahead for Ryanair to operate domestic flights in the country starting next summer, Morocco's tourism minister said. Ryanair will be the third airline…

Read More Here

Kenya Airways warns of disruptions in holiday season due to spare parts shortages

NAIROBI, Dec 11 (Reuters) - Kenya Airways has told its customers to be prepared for potential disruptions to its flights schedule during the busy Christmas holiday season due to shortages…

Read More Here

Maersk says its services in Israel are operational, stable

COPENHAGEN, Dec 11 (Reuters) - Danish shipping company Maersk said on Monday that its services in Israel were operational and stable, and that it was watching developments in the country…

Read More Here

Record Year For GO’s People Strategy; GO Acknowledged As Top Employer In Malta

2023 has been a remarkable year for GO and its people following the introduction of a number of innovative people wellness policies and initiatives aimed at making GO a great…

Read More Here

09

Dec

Italian luxury brand Prada looks to double China business in medium term

By Casey Hall SHANGHAI, (Reuters) - Prada is looking to double its business in key luxury market China, Chief Executive Gianfranco D'Attis said this week, even as the country faces…

Read More Here

With colour-changing fabric, Hong Kong AI lab aims to reduce clothing waste

By Joyce Zhou HONG KONG, (Reuters) - Simple gestures could be all it takes to alter the colour of your clothes in the future, according to a research team that…

Read More Here

Sales launch for long-wheelbase versions of the Mercedes Benz T Class and Mercedes Benz Citan Tourer and Marco Polo camper module

With the sales launch of new small van variants, Mercedes-Benz Vans is boosting the diversity of its product range to meet the wide-ranging needs and desires of its customers. All…

Read More Here

Meta Platforms is rolling out default end-to-end encryption for Messenger and Facebook chats

(Reuters) - Meta Platforms said it has started to roll out end-to-end encryption for all personal chats and calls on Messenger and Facebook. The end-to-end encryption feature will be available…

Read More Here

Lamborghini celebrated its 60th anniversary by unveiling a unique, artistic V12 hybrid plug-in vehicle at Art Basel Miami Beach 2023

Automobili Lamborghini celebrated the important milestone of its 60th anniversary through art, presenting a Revuelto 'Opera Unica': a one-off piece of art unveiled during Art Basel Miami Beach 2023. Showcasing…

Read More Here

McDonald’s plots rapid growth with 10,000 new stores, loyalty expansion

By Deborah Mary Sophia (Reuters) - McDonald's is planning to open about 10,000 restaurants globally by 2027, in what could be the fast-food giant's fastest period of growth in its…

Read More Here

Tour operator TUI weighs joining exodus from London market

LONDON, Dec 6 (Reuters) - TUI, Europe's biggest travel operator, said on Wednesday it was considering leaving the London Stock Market and upgrading its listing in Frankfurt, where trading in…

Read More Here

06

Dec

Catholic nuns sue Smith & Wesson to halt its assault-style weapons sales

By Tom Hals WILMINGTON, Delaware(Reuters) - A group of Catholic nuns sued the board of Smith & Wesson to try to force the gunmaker to abandon the manufacture, marketing and…

Read More Here

Lamborghini raised over €230,000 for men’s health via Movember events

More than 1600 Lamborghinis, coordinated by 100 dealers worldwide were Automobili Lamborghini’s contribution to Movember, marking the third year in a row. Established in London in 2003, Movember aims to…

Read More Here

HSBC tests protecting FX trading from quantum computer attacks

By Sinead Cruise and Lawrence White LONDON, Dec 6 (Reuters) - HSBC has completed what it says is the world's first trial of a tool designed to protect highly sensitive…

Read More Here

Zara expands second-hand platform to 14 European countries

MADRID, (Reuters) - Spanish fashion retailer Zara is expanding its service to sell, repair or donate second-hand clothes in several European countries from Dec. 12, the company said, as the…

Read More Here

Puma and Palermo FC launch special-edition Palermo sneakers, honoring ’80s football culture

Puma continues the ongoing celebration of the classic Palermo sneaker, this time connecting with partners Palermo FC for a special-edition makeup. For this special colorway, the Palermo sneaker appears in…

Read More Here

Nuvei enters global payments partnership with Microsoft

Nuvei Corporation, the Canadian fintech company, announced that it has partnered with Microsoft to deliver leading payment experiences for customers of its products, solutions, and services across many of its…

Read More Here

Maersk to invest more than $500 mln to boost South-East Asia supply chain

COPENHAGEN, Dec 4 (Reuters) - Danish shipping company Maersk on Monday said it will invest more than $500 million to expand its supply chain infrastructure in South-East Asia. Maersk intends…

Read More Here

04

Dec

Italy’s iconic Vespa has a brand value of over 1 billion

Italy's iconic Vespa has a brand value of 1.079 billion euro, Interbrand said on Monday. This is 19% up on the previous brand valuation of 906 million euro carried out…

Read More Here

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 and expand into various markets, the owner of the UK's…

Read More Here

Spotify to reduce staff by 17% in second layoff this year

STOCKHOLM, Dec 4 (Reuters) - Spotify will reduce its total headcount by around 17% across the company, it said in an email on Monday, after laying of 6% of this…

Read More Here

Microsoft president says no chance of super-intelligent AI soon

By Muvija M and Martin Coulter LONDON, (Reuters) - The president of tech giant Microsoft said there is no probability of super-intelligent artificial intelligence being created within the next 12…

Read More Here

After Musk tirade, X faces prospect of more advertisers fleeing

By Sheila Dang, Chavi Mehta and Jaspreet Singh (Reuters) - Social media company X faces the prospect of more advertisers fleeing and has no clear fix in sight, ad industry…

Read More Here

Puma Honors Women’s World Cup ‘Campeonas’ With Special Edition Boots

Global sports company PUMA has honoured its three Women’s World Cup heroes – Alba Redondo, Laia Codina and Cata Coll with custom PUMA football boots following the biggest success in…

Read More Here

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 25 hours for all new airplanes from the…

Read More Here

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 Dublin, Ireland, for 225 million euros ($244.98 million),…

Read More Here

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 franchise. Originally launched in 1994, Predator redefined an…

Read More Here

01

Dec