Corporate Dispatch

Germany weighs curbs on Huawei, sparking telco backlash

Interior ministry wants telcos to slash use of Huawei, ZTE Deutsche Telekom says deadline unrealistic, could hit service Plan to be presented to cabinet from next week By Andreas Rinke…

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Ryanair faces new antitrust probe in Italy

ROME, Sept 20 (Reuters) - Italy's antitrust agency said on Wednesday it had opened an investigation into low-cost carrier Ryanair "for possible abuse of a dominant (market) position". Ryanair is…

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Alibaba tells Erdogan it plans to invest $2 billion in Turkey

ISTANBUL, Sept 18 (Reuters) - Chinese e-commerce giant Alibaba Group Holding Ltd 9988.HK has told Turkish President Tayyip Erdogan it plans to invest $2 billion in Turkey. Michael Evans, president of Alibaba, made the…

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17

Sep

North Africa will be Italy’s key gas supplier for years, Eni top executive says

By Francesca Landini MILAN, (Reuters) - Algeria, Egypt and Libya will be Italy's main gas suppliers for the next few years, Eni's head of natural resources told Reuters, adding that…

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17

Sep

Spain’s fashion retailer Mango to expand online sales in Africa

MADRID, (Reuters) - Spanish family-owned fashion retailer Mango has expanded its online sales in 20 markets, most of them in Africa, the company said in a statement. Mango said it…

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Mercedes-Benz threatened with recalls of Euro 6 cars over defeat devices

BERLIN, Sept 15 (Reuters) - Mercedes-Benz could face another wave of recalls after German transport authority KBA deemed inadmissible defeat devices installed in some of its vehicles, in a letter…

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Apple to update iPhone 12 software in France to settle radiation row

By Elizabeth Pineau PARIS, Sept 15 (Reuters) - Apple said on Friday it would issue a software update for iPhone 12 users in France to potentially end a row with…

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Bootmaker Dr Martens to offer repairs in sustainability step

By Helen Reid LONDON, Sept 15 (Reuters) - Dr Martens plans to launch a shoe repair service in Britain next month as it seeks to polish its sustainability credentials, encourage…

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UPDATED: WhatsApp denies report that the platform is exploring ads

Sept 15 (Reuters) - WhatsApp's top head on Friday denied a Financial Times report that said the Meta Platforms META.O owned messaging platform was exploring advertisements as it sought to…

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Price-conscious Britons boost Lidl GB revenues by 19%

LONDON, Sept 14 (Reuters) - The British arm of German discount supermarket Lidl posted a 19% jump in revenues as its low prices attracted higher numbers of shoppers, but it…

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Deutsche Bank to hold crypto for institutional clients

By Elizabeth Howcroft LONDON, Sept 14 (Reuters) - Deutsche Bank has partnered with Swiss crypto firm Taurus to provide custody services for institutional clients' cryptocurrencies and tokenised assets, Taurus said…

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Photo Story: World’s first methanol-enabled container vessel name-giving ceremony in Copenhagen

CEO, A.P. Moller Holding A/S, Robert Maersk Uggla (left) and EU Commission President, Ursula von der Leyen during the name giving ceremony of the world's first methanol-enabled container vessel in…

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Photo Story: Ryanair Belgium-based pilots go on strike

Ryanair Pilot representatives demonstrate on the first day of a two-day pilot strike at Brussels South Charleroi airport in Gosselies, Belgium, 14 September 2023. At Brussels South Charleroi Airport, a…

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Carrefour in France sticks price warnings on food to shame suppliers

By Dominique Vidalon PARIS, Sept 14 (Reuters) - French supermarket chain Carrefour has slapped price warnings on products from Lindt chocolates to Lipton Ice Tea to pressure top consumer goods…

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Britain faces ‘epidemic’ of shoplifting as Primark profits hit

John Lewis boss says shoplifting an 'epidemic' Store theft has dented Primark's profit margin Police, courts need to do more - AB Foods CEO LONDON, (Reuters) - Britain is seeing…

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Ryanair CEO hopeful airfares will be flat next summer

DUBLIN, Sept 14 (Reuters) - Ryanair Group CEO Michael O'Leary said he is hopeful airfares will be flat next summer following recent sharp rises, but a lot will depend on…

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BP begins search for new CEO with no clear front-runner

By Dmitry Zhdannikov and Ron Bousso LONDON, (Reuters) - BP CEO Bernard Looney's abrupt resignation has thrown the British oil major into a leadership crisis with no groomed front-runner to…

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Belgium questions Apple’s iPhone 12 after France suspends sales over radiation

PARIS, Sept 14 (Reuters) - Belgium's junior minister for the digital economy said he would ask the telecoms regulator to analyse potential health risks linked to Apple's iPhone 12 after…

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Binance.US says CEO Shroder to depart, 100 jobs will be cut

(Reuters) - The U.S. affiliate of crypto giant Binance said its chief executive, Brian Shroder, will leave and that it is cutting more than 100 jobs - roughly a third…

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H&M to sell second-hand clothes at London store

LONDON, Sept 13 (Reuters) - H&M plans to sell second-hand clothes and accessories at its flagship store in London from Oct. 5, as pressure increases on fast fashion companies to…

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Saipem wins contracts worth 850 mln euros in Ivory Coast, Italy

MILAN, (Reuters) - Italian energy services group Saipem SPMI.MI has won two contracts for offshore activities in Ivory Coast and Italy worth a combined 850 million euros ($911.20 million), announced.…

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Skoda Auto to halt production at Czech Kvasiny plant due to parts shortage

PRAGUE, Sept 8 (Reuters) - Volkswagen's (VW) Czech car producer Skoda Auto said on Friday it would halt production at its Kvasiny plant for at least a week from Sept.…

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Lotus launches electric GT model as mass expansion plan rolls on

By Nick Carey (Reuters) - Lotus unveiled a fully-electric grand tourer (GT) sports car in New York , the latest step in the British-based carmaker's plans to go from a…

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Ryanair reduces Sardinia services

Ryanair announced a 8% reduction in its services to and from the Italian island region of Sardinia this winter. The airline said the move is a direct result of a…

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AI chip startup d-Matrix raises $110 million with backing from Microsoft

Silicon Valley-based artificial intelligence chip startup d-Matrix has raised $110 million from investors that include Microsoft Corp at a time when many chip companies are struggling to raise cash. Nvidia's…

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Aldi UK sets new long-term target of 1,500 stores

LONDON, Sept 7 (Reuters) - The UK arm of German discount supermarket Aldi on Thursday raised its long-term target to 1,500 stores, saying it would invest billions of pounds to…

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Belgian Ryanair pilots plan another strike Sept 14-15

BRUSSELS, Sept 7 (Reuters) - Belgian Ryanair pilots will go on strike for the fourth time in two months over Sept. 14-15, seeking higher pay and better working conditions, their…

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Inditex’s Zara to launch its second-hand platform in France on Sept 7

MADRID, Sept 6 (Reuters) - Spanish fashion retailer Zara will expand its service to sell, repair or donate second-hand clothes in France from Thursday, its owner Inditex said on Wednesday.…

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Mastercard denies report of plans to raise credit card fees

(Reuters) - Mastercard denied a media report saying the payments processing giant is planning to increase the fees that merchants are charged when their customers use credit cards to pay.…

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Eni to become latest energy giant to exit Nigerian onshore operations

Sept 4 (Reuters) - Italy's Eni signed on Monday an agreement to sell its unit Nigerian Agip Oil Company (NAOC) to Nigerian counterpart Oando, the group said in a statement,…

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Volkswagen is ready for Europe’s 2035 fossil-fuel car ban – CEO

ICH, Sept 4 (Reuters) - Volkswagen is ready for Europe's planned 2035 ban on new sales of fossil-fuel cars as it ramps up its electric vehicle lineup, Chief Executive Oliver Blume said at…

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Ryanair traffic hits new record in August, up 12% year on year

DUBLIN, Sept 4 (Reuters) - Ryanair flew 12% more passengers in August than in the same month last year, it said on Monday, its latest all-time traffic record in what…

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Turkish-Dutch airline Corendon Airlines launches ‘no kids allowed zone’ on international flights

Turkish-Dutch airline Corendon Airlines wants to eliminate the nuisance children sometimes cause on planes and is introducing a "no children zone" reserved exclusively for adults from November. On flights between…

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OpenAI on track to generate more than $1 bln revenue over 12 months – The Information

(Reuters) - OpenAI is on track to generate more than $1 billion in revenue over the next 12 months from the sale of artificial intelligence software and computing capacity that…

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Tesla launches new Model 3 in China with longer range

SHANGHAI, Sept 1 (Reuters) - Tesla on Friday unveiled a restyled Model 3 with a longer driving range in China and other export markets for its Shanghai factory including Europe, putting pressure on…

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Australia regulator sues Qantas alleging sale of tickets on cancelled flights

By Byron Kaye SYDNEY, Aug 31 (Reuters) - Australia's competition regulator sued Qantas Airways QAN.AX on Thursday, accusing it of selling tickets to thousands of flights after they were cancelled,…

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31

Aug

Uber rolls out electric bike fleet in Kenya, its first in Africa

By Duncan Miriri NAIROBI, Aug 31 (Reuters) - Ride-hailing firm Uber on Thursday launched an electric motorbike service in Kenya, its first in Africa, as the company seeks to make…

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Elon Musk’s X to roll out audio, video calling feature

Aug 31 (Reuters) - Social media platform X, formerly Twitter, plans to launch video and audio calls as owner Elon Musk races to build an "everything app" to stay ahead…

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Microsoft to unbundle Teams from Office

By Foo Yun Chee Brussels, Aug 31 (Reuters) - Microsoft will unbundle its chat and video app Teams from its Office product and make it easier for rival products to work with its…

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Lego grabs bigger share of declining toy market

By Jacob Gronholt-Pedersen COPENHAGEN, Aug 30 (Reuters) - Lego continued to take market share in the first six months of the year even as the toy market declined and Chinese…

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Burger King must face lawsuit claiming its Whoppers are too small

By Jonathan Stempel (Reuters) - A U.S. judge has rejected Burger King's bid to dismiss a lawsuit claiming that it cheated hungry customers by making its Whopper sandwich appear larger…

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Brazil’s Natura mulls sale of The Body Shop

SAO PAULO (Reuters) - Brazilian cosmetics maker Natura &Co said its board of directors had authorized the company to search for "strategic alternatives" for its subsidiary The Body Shop, including…

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29

Aug