Corporate Dispatch

Facebook feeds flooded with celebrity spam

Thousands of Facebook users around the world reported issues with their news feeds on Wednesday as a glitch appeared to boost posts to celebrity fan pages and groups to the…

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Ryanair appeals against Hungary’s consumer protection fine

BUDAPEST, Aug 24 (Reuters) - Budget airline Ryanair RYA.I said on Wednesday it had appealed to the courts after Hungary fined it for passing on to customers the cost of…

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Italy aims to pick preferred bidder for ITA Airways this month

Italy's outgoing government is pressing ahead with plans to sell a majority stake in ITA Airways and hopes to choose its preferred bidder by the end of the month, three…

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French retailer Carrefour to freeze prices on 100 products to tackle inflation

PARIS, Aug 22 (Reuters) - French supermarket retailer Carrefour is freezing prices on 100 everyday products from tinned sardines to rice and washing up liquid, it said on Monday, joining…

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Cineworld mulls filing for bankruptcy in the United States

Aug 22 (Reuters) - Britain's Cineworld said on Monday it was considering options including a possible bankruptcy filing in the United States as the world's second-largest cinema chain operator struggles…

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Vodafone to sell Hungarian business for $1.8 bln

LONDON, Aug 22 (Reuters) - Britain's Vodafone VOD.L will sell its Hungarian business for 715 billion forints ($1.8 billion) in cash, it said on Monday, in a deal that will…

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UPDATED: Japan’s Hino suspends light truck shipments as data falsification scandal spreads

TOKYO, Aug 22 (Reuters) - Japan's Hino Motors will suspend shipments of small trucks after confirming that a widespread data falsification scandal included those models, it said on Monday, highlighting deepening problems…

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Porsche expects to make as many electric Macans as combustion versions

BERLIN, Aug 21 (Reuters) - Volkswagen's sportscar brand Porsche expects to produce as many units of its Macan model in the electric version as the original with combustion engine, production…

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Nike, Adidas settle patent fights over shoe technology

Nike Inc and Adidas AG, the world's two leading sneaker brands, have resolved a series of U.S. patent disputes over technology used in their athletic shoes, court filings show. Nike…

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Microsoft Helps Prevent Cybersecurity Attacks in U.S. Schools

Each year, hundreds of schools in the U.S. alone experience cyberattacks, including 408 schools that publicly disclosed them in 2020, up 18% from the previous year, according to the K-12…

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Australia’s Qantas apologises to customers for operational problems

SYDNEY, Aug 21 (Reuters) - Qantas Airways Ltd will offer A$50 ($34) vouchers, loyalty status extensions and lounge passes to frequent flyers to apologise for a rise in delays, cancellations,…

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Wizz Air suspends relaunch of Russia-UAE flights as criticism mounts

DUBAI, Aug 19 (Reuters) - European budget carrier Wizz Air WIZZ.L has suspended plans to resume flights from the Russian capital of Moscow to Abu Dhabi in the United Arab Emirates, amid mounting criticism…

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Emirates to suspend Nigeria flights from September

Dubai's Emirates will suspend flights to Nigeria from next month over an inability to repatriate funds from Africa's most populous nation, the airline said. The decision highlights the difficulties faced…

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SAS cancels 1,700 flights due to pilot strike, late aircraft deliveries

STOCKHOLM, Aug 19 (Reuters) - Scandinavian airline SAS has suspended 1,700 flights in the coming months due partly to a two-week pilot strike in July over collective agreements and delayed…

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Apple discloses serious security vulnerabilities for iPhones, iPads and Macs

Apple has disclosed serious security vulnerabilities for iPhones, iPads and Macs, which could potentially allow attackers to take complete control of devices. Apple added that it is "aware of a…

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Carlsberg says beer sales robust despite rising living costs

COPENHAGEN, Aug 17 (Reuters) - Danish brewer Carlsberg said on Wednesday it had not seen rising living costs impacting beer sales, but that higher raw material prices would pressure earnings…

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Dubai airport sees passenger travel surge, hikes annual forecast

DUBAI, Aug 17 (Reuters) - The operator of Dubai International said on Wednesday over 14 million passengers had travelled through the airport in the second quarter, and raised its forecast…

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UK supermarket Iceland offers loans to help struggling shoppers buy food

LONDON, Aug 17 (Reuters) - British supermarket group Iceland Foods will allow shoppers to take out small, interest-free loans to buy groceries, it said on Wednesday, in a scheme targeted…

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Cabin crew at IAG’s Spanish low cost airline Iberia Express plan 10-day strike

MADRID, Aug 17 (Reuters) - Cabin crew working for IAG's low-cost airline Iberia Express plan to go on strike from Aug. 28 to Sep. 6, a union statement said on Wednesday, in yet…

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Qantas expanding Australia freight fleet to meet online shopping demand

SYDNEY, Aug 15 (Reuters) - Australia's Qantas Airways said on Monday it would add six Airbus A321 converted freighters to its domestic fleet to replace five ageing Boeing Co 737s…

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Bolt to curb e-scooter speeds in Estonia

Estonia unicorn Bolt says it is cutting the maximum speed of its rental e-scooters, in the interests of promoting traffic safety. The top speed will be reduced to 17 km/h,…

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Carnival drops mandatory COVID-19 testing for vaccinated passengers

(Reuters) - Carnival Corp's major cruise lines will drop mandatory COVID-19 testing for vaccinated guests and allow unvaccinated passengers to travel without an exemption in some cases, the company said…

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Australian court orders Google to pay $43 mln for misleading users

Aug 12 (Reuters) - Australia's competition watchdog said on Friday that Alphabet Inc's GOOGL.O Google unit was ordered by the country's Federal Court to pay A$60 million ($42.7 million) in…

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Barclays deploys Microsoft Teams globally as its preferred collaboration platform

Barclays Bank PLC (Barclays) and Microsoft Corp. announced Barclays has deployed Microsoft Teams as its preferred collaboration platform, powering collaboration for more than 120,000 colleagues and service partners in key…

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J&J to end global sales of talc-based baby powder

Johnson & Johnson will stop selling talc-based baby powder globally in 2023, the drugmaker announced, more than two years after it ended U.S. sales of a product that drew thousands…

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Hapag-Lloyd more than trebles H1 net profit, sees economic uncertainty

FRANKFURT, (Reuters) - German container shipper Hapag-Lloyd on Thursday posted a net profit of 8.7 billion euros ($8.94 billion) for the first half of 2022, more than three times the number a…

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Binance says it is winning crypto clients thanks to inflation

LIMA, (Reuters) - Binance, the world's largest cryptocurrency exchange, is seeing a surge in clients due to rising inflation and a historically strong dollar that has depressed emerging market currencies,…

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Coca-Cola HBC flags one-time $195 million hit from Russian operations

Aug 11 (Reuters) - Coca-Cola HBC said on Thursday it incurred a one-time hit of 190 million euros ($195.36 million) in the first-half due to costs related to its business in Russia…

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El Al CEO expects Oman airspace approval in ‘a matter of days’

JERUSALEM, Aug 11 (Reuters) - Permission for flag carrier El Al Israel Airlines to fly over Oman is expected in "a matter of days", chief executive Dina Ben-Tal said on…

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Ryanair boss O’Leary says the era of €10 flights is over

Ryanair won't be offering flights at rock bottom prices any more thanks to the soaring cost of fuel, the budget airline's boss has admitted. Chief executive Michael O'Leary says the…

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Fast food giant Domino’s pulls out of Italy

Domino's Pizza's last stores in Italy have been closed after the firm that operated its outlets in the country filed for bankruptcy, it has emerged. Master franchise holder ePizza SpA…

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10

Aug

Deliveroo to exit Netherlands

LONDON, Aug 10 (Reuters) - Britain's Deliveroo ROO.L said it would quit the Netherlands after failing to gain a strong local position, as it reported a larger pretax loss in "challenging market conditions" in the first…

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Royal Mail workers to hold four days of strikes

Aug 10 (Reuters) - Royal Mail said on Wednesday it would be materially loss-making in the UK for the 2022-23 full year, if four days of strikes by the Communications Workers Union…

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Heathrow owner Ferrovial studies options for stake in Britain’s biggest airport

LONDON, (Reuters) - Spain's Ferrovial is looking at options for its 25% stake in London's Heathrow, two sources told Reuters, and has held preliminary talks with external advisers on the future of…

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Musk sells nearly $7 billion in Tesla shares

(Reuters) - Tesla Inc Chief Executive Officer Elon Musk sold $6.9 billion worth of shares in the electric vehicle maker, tweeting it was important to avoid an emergency sale of Tesla stock…

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Trade war with China could cost Germany six times as much as Brexit – Ifo

BERLIN (Reuters) - Germany would face costs almost six times as high as Brexit if it and the European Union were to shut China out of their economies, the Ifo…

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Euro zone investor morale edges up, recession still likely – Sentix

BERLIN, Aug 8 (Reuters) - Investor morale in the euro zone was essentially unchanged in August from the previous month, with a slight rise too little to stave off fears of recession…

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Drones with Microsoft’s AI help study endangered dolphins

Small in size and with distinctive, rounded dorsal fin, Māui dolphins are one of the rarest and most threatened dolphins in the sea, with a known population of just 54.…

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Worst flight chaos over, Lufthansa board member tells Funke media

BERLIN (Reuters) - The worst is over for German airline Lufthansa after staff shortages caused flight chaos over the summer, but levels of sick leave remain challenging, board member Christina Foerster told…

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Musk says Twitter deal should go ahead if it provides proof of real accounts

Aug 6 (Reuters) - Elon Musk said that if Twitter Inc. TWTR.N could provide its method of sampling 100 accounts and how it confirmed that the accounts are real, his $44 billion deal to…

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Lufthansa sees return to full-year profit as travel picks up

FRANKFURT/BERLIN (Reuters) - Germany's Lufthansa said this week it expected demand for short-haul flights in Europe to drive growth at its passenger airlines this year, forecasting a return to group operating profit…

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Microsoft Teams now includes human language translation for scheduled meetings

One can now attend scheduled Microsoft Teams meetings even if one doesn’t understand the languages your fellow participants are speaking. The new solution, developed by Microsoft in partnership with the…

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Special Public Transport Service for August events: Summer Daze and Malta International Food Festival

Malta Public Transport is operating special routes for two different events in Malta and Gozo. A special service has been put in place for the Gozo edition of the Malta…

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Hili Properties plc acquires majority shareholding in prestigious Romania office complex

Hili Properties plc, the strategic real estate investment subsidiary of Hili Ventures, has acquired a 75% shareholding in Baneasa Real Estate SRL, the owner of the imposing Miro office building…

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Credit Suisse mulls cutting thousands of jobs globally

(Reuters) - Credit Suisse Group AG is discussing slashing thousands of jobs globally, Bloomberg News reported, citing people familiar with the matter. Hours after the news, Fitch Ratings cut Credit Suisse's rating and…

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Lufthansa ground staff agree pay deal after strike

FRANKFURT (Reuters) - Ground staff of Germany's Lufthansa and management have reached a pay deal after a third round of negotiations, the Verdi labour union and the carrier said. The pay dispute…

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Alibaba revenue growth flatlines for first time as China’s lockdowns bite

Aug 4 (Reuters) - Alibaba Group Holding Ltd on Thursday reported flat quarterly revenue growth for the first time in its history, showing how China's COVID lockdowns have hit its business. The slowdown…

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Paramount gets lift from ‘Top Gun’ but streaming losses a drag

Aug 4 (Reuters) - Paramount Global beat Wall Street expectations for quarterly revenue and profit on Thursday, powered by the May release of blockbuster Tom Cruise-starrer "Top Gun: Maverick" even as streaming…

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Rolls-Royce profit slumps as it battles inflation, supply-chain disruption

LONDON, Aug 4 (Reuters) - Aero-engineer Rolls-Royce disappointed investors by reporting a bigger-than-expected fall in first-half profit on Thursday, underscoring the challenge facing its new chief executive of restoring the health of its…

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UK retailer Next lifts outlook on strong clothing demand

LONDON, Aug 4 (Reuters) - Retailer Next , a mainstay of Britain's shopping streets, defied the economic gloom on Thursday to lift its full-year sales and profit forecasts after warm weather in June and July spurred better-than-expected…

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04

Aug