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Relaunching in a crisis, Alitalia scales back at home

The deepest crisis in aviation history might seem the worst time to relaunch an airline. But for Alitalia the turmoil could provide just the opportunity to drive through reforms that…

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Microsoft investigates tech issues with Teams app

Feb 17 (Reuters) - Microsoft Corp's said on Wednesday it was investigating technical glitches on its workplace messaging app Teams, after hundreds of users reported issues, mainly related to a…

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News Corp signs news partnership game-changer news deal with Google

Feb 17 (Reuters) - News Corp struck a global news deal with Alphabet Inc's Google, the Rupert Murdoch-controlled media company said on Wednesday, in one of the most extensive deals…

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Poste Italiane posts 20% rise in operating profit

Poste Italiane reported a 19.6% increase in operating profit in the fourth quarter as financial services helped the Italian postal services operator. Quarterly earnings before interest and taxes (EBIT) rose…

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British American Tobacco annual profit beats estimates

Lucky Strike maker British American Tobacco reported a stronger-than-expected annual profit on Wednesday, as it sold more higher priced cigarettes and saw more customers use its e-cigarette and tobacco heating…

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Jaguar cars to go all-electric by 2025

Jaguar Land Rover’s luxury Jaguar brand will be entirely electric by 2025 and the carmaker will launch e-models of its entire lineup by 2030, it said on Monday, as it…

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Ryanair loses legal fight against French, Swedish airline state aid

Ryanair on Wednesday lost its fight against the state aid granted to rivals including Air France and Sweden's SAS after a top European court said such schemes were not discriminatory…

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Ford’s Europe car lineup to be all-electric by 2030

Ford Motor Co on Wednesday said its car lineup in Europe will be all-electric by 2030 as the U.S. automaker races to get ahead of CO2 emissions targets and looming…

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Epic Games takes Apple fight to EU antitrust regulators

Fortnite creator Epic Games has taken its fight against Apple to European Union antitrust regulators after failing to make headway in a U.S. court in a dispute over the iPhone…

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Pan-European consortium seeks big pharma partner for COVID-19 vaccine

BERLIN (Reuters) - A pan-European consortium developing a COVID-19 vaccine is in talks with big pharma to support the late-stage development of its shot and ramp up manufacturing, the head…

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Uber defends contractors ahead of EU law on gig workers’ rights

BRUSSELS, Feb 15 (Reuters) - Uber on Monday called on EU regulators to recognise the value of independent contracts in job creation as they consider new rules to protect gig…

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L’Oreal sees post-pandemic ‘roaring 20s’ driving cosmetics rebound

L'Oreal, the world's biggest cosmetics group, forecast a strong rebound in makeup sales when the COVID-19 pandemic gives way to a "roaring 20s" when people get dressed up and go…

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Air Canada posts biggest annual loss in nearly two decades

Air Canada on Friday reported its biggest annual loss in at least 19 years as the coronavirus crisis hit bookings, with no breakthrough in talks with the government over further…

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Twitter to add more labels identifying world leader and government accounts

Twitter Inc said it will next week add labels to identify more state-affiliated accounts, including world leaders’ personal accounts, to give users more context for geopolitical conversations on the platform.…

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IKEA branches out into consumer banking

IKEA stores owner Ingka Group said on Thursday it had agreed to buy a 49% stake in financial services partner Ikano Bank as part of a push to boost its…

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Lockdown living helps PepsiCo through pandemic, vaccine paves path to growth

PepsiCo Inc has joined rival Coca-Cola in predicting revenue growth in 2021, saying on Thursday it expects pre-pandemic lifestyles to resume as economies reopen and COVID-19 vaccines are rolled out.…

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Amazon, Ferragamo sue several firms, people over counterfeit products

Amazon.com Inc and Italian fashion group Salvatore Ferragamo jointly sued several individuals and entities, mainly based in China, for allegedly selling counterfeit Ferragamo belts on its online retail store. The…

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Bombardier to lay off 1,600, halt Learjet production

Bombardier Inc said it would halt Learjet aircraft production and slash about 1,600 jobs this year as it becomes a pure-play business jet maker, after reporting an adjusted loss before…

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Singapore Airlines begins flights with fully vaccinated crew

Singapore Airlines (SIA) began operating flights on Thursday with full sets of crew members vaccinated against COVID-19 as the city-state seeks to rejuvenate its status as an international travel hub.…

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Royal Mail delivers rosy outlook after COVID-19 Christmas

Britain's Royal Mail on Thursday forecast annual profits ahead of market expectations as COVID-19 restrictions pushed parcel delivery demand to record levels and Christmas mail eased a slide in letter…

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Pernod Ricard banks on China and U.S. to help sales return to growth in full year

French spirits group Pernod Ricard said it expected its sales would return to organic growth in full year of 2020/21, thanks to strong demand for its premium cognac and whisky…

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Schneider Electric sees bigger sales, profit in 2021

French electrical equipment group Schneider Electric said on Thursday it expects its revenues and core profit margin to grow this year, after a second-half rebound helped it beat market expectations…

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Mastercard to open up network to select cryptocurrencies

Mastercard Inc said on it was planning to offer support for some cryptocurrencies on its network this year, joining a string of big-ticket firms that have pledged similar support. The…

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Frankfurt Airport January Passenger Volume Down 81%

Frankfurt Airport (FRA) served 882,869 passengers in January 2021, representing an 80.9 percent decline compared to the same month last year. This low demand resulted from ongoing travel restrictions imposed…

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11

Feb

Mapfre’s net profit fall 14% in 2020 as pandemic hits business

Spanish insurer Mapfre said on Thursday its net profit fell 14% in 2020 as consumers took out fewer insurance contracts as a result of the business restrictions imposed to curb…

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Microsoft approached Pinterest in recent months about potential deal

Microsoft Corp approached Pinterest Inc in recent months about a potential deal to acquire the $51 billion social media company, the Financial Times reported, citing people briefed on the matter.…

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Toyota hikes profit forecast 54%, shrugs off global chip supply issues

TOKYO, Feb 10 (Reuters) - Toyota Motor Corp said on Wednesday it has an up to four-month stockpile of chips and was not immediately expecting a global chip shortage to…

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Ryanair’s O’Leary optimistic on international travel from May

LONDON, Feb 10 (Reuters) - Ryanair Chief Executive Michael O'Leary said he was optimistic that people in Britain would be able to travel internationally from May, but warned if that…

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Europe’s summer abroad cancelled as staycation bookings soar

CONNEMARA, Ireland, Feb 10 (Reuters) - Up until late January Terry O'Toole was fielding a trickle of enquiries from Irish holidaymakers happy to settle for another summer at home in…

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Heineken unveils 2 bln euro cost saving plan as earnings sink

BRUSSELS, Feb 10 (Reuters) - Heineken NV, the world's second largest brewer, reported annual results broadly as bad as expected and unveiled a new plan to boost income and find…

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A Tesla for a bitcoin: Musk drives price to moon with $1.5 bln purchase

Feb 8 (Reuters) - Bitcoin took another large stride toward mainstream acceptance on Monday after billionaire Elon Musk's electric vehicle company Tesla Inc revealed it had bought $1.5 billion of…

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France leads calls on EU to quit energy treaty – FT

Financial Times - France is leading calls so the EU calls quits an international energy treaty that gives multinationals the power to sue governments, with critics calling the agreement a serious…

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Sport streaming firm DAZN leads race for Serie A domestic TV rights – sources

MILAN (Reuters) - Sport streaming service DAZN is leading the race for rights to screen Italy's Serie A matches over the 2021-2024 seasons in a challenge to the country's dominant…

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Germany talking to BioNTech about funding for vaccine capacity

BERLIN, Feb 6 (Reuters) - Germany is in talks with BioNTech and other COVID-19 vaccine makers about possible funding to help them secure capacity and raw materials, Health Minister Jens…

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G4S to hold talks for head-to-head takeover auction – The Telegraph

(Reuters) - British security group G4S will hold talks with the City’s takeover panel, the Telegraph reported on Saturday, which could lead to a head-to-head auction between North American peers…

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CNN president’s Jeff Zucker to step down at year’s end

CNN president Jeff Zucker will leave the cable news network at the end of 2021, CNN said on Thursday. Zucker, who joined CNN in 2013, has a storied reputation in…

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UK new car sales slump around 40% in lockdown January

LONDON, Feb 4 (Reuters) - British new car registrations fell by around 40% year-on-year in January, according to preliminary industry data released on Thursday, after nearly all of the United…

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French watchdog says EU monitoring market risk from social media

LONDON, Feb 3 (Reuters) - Regulators are monitoring how a surge in retail investors and online brokers during the COVID-19 pandemic risks creating bubbles inflated by social media, France's AMF…

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Amazon.com Inc founder Jeff Bezos to step down as CEO and become executive chairman

Feb 2 (Reuters) - Amazon.com Inc founder Jeff Bezos will step down as CEO and become executive chairman, naming the head of its lucrative cloud computing division as successor in a…

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Portos, Atos, Hopper and Edmund From GO’s Mobile App Campaign Get Adopted!

GO’s latest campaign promoting its popular mobile app in aid of the MSPCA featured Portos and Atos, two fox terrier mix brothers, Hopper, a mixed breed half pointer and half…

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Ford, Google join hands to offer cloud-based data services

Feb 1 (Reuters) - Ford Motor Co will tap into software, artificial intelligence and cloud computing offered by Alphabet Inc's Google to develop new consumer services and modernize internal operations,…

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Facebook to prompt users about personalised ads ahead of Apple privacy changes

Feb 1 (Reuters) - Facebook Inc said in a blog post Monday it will begin rolling out a notification for iPhone users globally about how data is used for personalized…

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UK factory growth slows as COVID and Brexit combine – IHS Markit

LONDON, Feb 1 (Reuters) - A gauge of British manufacturing growth was its slowest in three months in January as the combined impact of COVID-19 and Brexit weighed on new…

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Ryanair forecasts record annual loss as COVID-19 ‘wreaks havoc’

DUBLIN, Feb 1 (Reuters) - Ryanair expects to lose close to 1 billion euros in its current financial year, by far its worst ever performance, but Europe's largest low-cost carrier…

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Panasonic to end solar panel production

TOKYO, Jan 31 (Reuters) - Japan's Panasonic Corp will cease production of its own solar panels, national broadcaster NHK and the Nikkei newspaper said on Sunday, citing increasing price competition…

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Emirates, DP World, Dubai Airports aim to help transport 2 billion COVID-19 vaccines

DUBAI, Jan 31 (Reuters) - United Arab Emirates-based Emirates Skycargo, Dubai Airports and ports operator DP World will help "equitably distribute" 2 billion doses of COVID-19 vaccines to developing countries…

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Robinhood says it temporarily curbed buying of some securities as deposit requirement increased ten-fold

Jan 30 (Reuters) - Online broker Robinhood, one of the hottest venues in this week's retail-trading frenzy, said it put temporary buying restrictions on a small number of securities as…

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Wizz Air presses crisis advantage as easyJet pulls back

LONDON, Jan 28 (Reuters) - Wizz Air vowed to use the coronavirus crisis to win market share from rivals including easyJet, as the no-frills airlines both posted sharp falls in quarterly revenue. As most carriers cut fleets…

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First flashes of Brexit trade trouble appear in UK data

LONDON, Jan 28 (Reuters) - Early signs of disruption caused by Britain's shift to its new, less open trading relationship with the European Union are emerging in economic data. Although…

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Swatch looking to brighter 2021 after sales collapse in 2020

ZURICH, Jan 28 (Reuters) - Swatch Group said there was a "good chance" 2021 sales could return to pre-pandemic levels after the coronavirus plunged the world's biggest watchmaker into the…

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Toyota beats Volkswagen to become World’s No.1 car seller in 2020

TOKYO, Jan 28 (Reuters) - Japan's Toyota Motor Corp overtook Germany's Volkswagen in vehicle sales last year, regaining pole position as the world's top selling automaker for the first time…

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Europe lifts flight safety ban on Boeing 737 MAX jet

Jan 27 (Reuters) - European regulators on Wednesday lifted a 22-month ban on flights of the Boeing 737 MAX after a design and pilot training overhaul in the wake of…

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Air France and Airbus face Paris trial call over deadly crash – source

PARIS (Reuters) - The Paris public prosecutor has requested that Air France and Airbus stand trial on charges of manslaughter over the 2009 crash of flight AF447 from Rio de…

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Microsoft earnings rise as pandemic boosts cloud computing, Xbox sales

Jan 26 (Reuters) - Microsoft Corp on Tuesday reported its Azure cloud computing services grew 50%, the second quarter of acceleration in a business that had begun to slow as the global…

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Working from home is losing its effectiveness, bank executives say

(Reuters) - Working from home has been surprisingly successful for global banks during the first year of the coronavirus pandemic but is losing its effectiveness, two prominent industry executives said…

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Barilla boosts women’s representation in executive roles, achieves pay equality

MILAN, Jan 26 (Reuters) - Italian food company Barilla last year increased women's representation in executive roles and achieved gender pay equality for all employees, it said on Tuesday, as…

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Mastercard to increase charges for UK purchases from EU – FT

Financial Times - Mastercard will increase fees more than fivefold when a British shopper uses a debit or credit card to buy from an EU-based company, sparking alarm among companies…

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