Corporate Dispatch
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…
BMW targets steady 2024 margins as electric spending peaks
By Andrey Sychev and Nick Carey (Reuters) - BMW said this week it was targeting 2024 automotive profit margins broadly in line…
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…
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…
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…
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…
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…
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…
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,…
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…
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…
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,…