Airbus wins engine maker backing for 2024 jet output
By Tim Hepher and Christina Amann PARIS/MUNICH – European planemaker Airbus looks set to raise narrowbody jetliner production for 2024 after reaching a compromise deal with at least two suppliers…
By Tim Hepher and Christina Amann PARIS/MUNICH – European planemaker Airbus looks set to raise narrowbody jetliner production for 2024 after reaching a compromise deal with at least two suppliers…
(Reuters) – A Russian law firm on Friday said it had filed a lawsuit against U.S. tech giant Apple seeking 90 million roubles ($1.28 million) in damages for consumers affected…
By Howard Schneider (Reuters) – The Federal Reserve is expected to approve plans next week to reduce a nearly $9 trillion balance sheet that ballooned as part of its efforts…
By Tom Hals (Reuters) – Elon Musk’s $44 billion takeover of Twitter is helping provide ammunition for an upcoming trial where an investor will argue the CEO’s $56 billion pay…
By Alexandra Alper WASHINGTON – Chipmakers are divided over how aggressively to oppose a legislative proposal that would give the U.S. government sweeping new powers to block billions in U.S.…
By Dominique Vidalon PARIS -French spirits group Remy Cointreau said on Friday it was confident over prospects for this year, predicting a strong start to business in its first quarter…
COMO, Italy – The head of carmaker Stellantis does not expect improvement in the semiconductor supply chain before next year, he said on Friday. “Semiconductor supply is still very short,…
(Reuters) – Meta Platforms Inc has appealed to a Moscow court against a ban imposed on some of its activities in Russia due to “extremism”, the Interfax news agency cited…
By Paresh Dave and Nivedita Balu OAKLAND, Calif. -Apple Inc on Thursday forecast bigger problems as COVID-19 lockdowns snarl production and demand in China, the war in Ukraine dents sales…
FRANKFURT – German car parts supplier Continental said on Friday it expects energy, logistics and materials cost to rise by 3.5 billion euros ($3.7 billion) this year due to COVID-19…
By Huw Jones LONDON – Regulators could force banks and other financial firms to hire external auditors to check on the accuracy of their climate data, the Financial Stability Board…
COPENHAGEN – Danske Bank reported lower-than-expected first-quarter profits, citing higher costs and turbulent financial markets, sending its shares lower on Friday even as it maintained its full-year profit outlook. Danske…
By Mike Dolan LONDON – Paradigm lost? A long-held view among many investors that China’s currency and markets would one day sit at the centre of world finance to match…
(Reuters) – Russia’s inflation this year could be lower than previously expected thanks to a recovery in the rouble, which should give the central bank room to cut interest rates…
By Essi Lehto HELSINKI – Finland’s Nokian Tyres is still running its Russian factory and as long as it stays in the company’s hands production there will not support Russia’s…
By Ben Blanchard and Sarah Wu TAIPEI – Taiwan’s Delta Electronics Inc, a supplier of power components to companies such as Apple Inc and Tesla Inc, is expanding manufacturing “everywhere”…
By Nick Carey LONDON – Mercedes-Benz is looking at energy alternatives should Russia cut gas deliveries and is working closely with German authorities to ensure energy supplies, the premium carmaker’s…
By Victoria Klesty OSLO – New Nordic airline Norse Atlantic started ticket sales on Friday for budget transatlantic flights, hoping to succeed where Norwegian Air spectacularly failed, by betting on…
By Jing Xu and Julie Zhu BEIJING/HONG KONG – China and U.S. regulators are discussing operational details of an audit deal that Beijing hopes to sign this year, sources familiar…
SHANGHAI/HONG KONG -CATL, the world’s largest electric vehicle (EV) battery manufacturer, reported a 23.6% drop in the first quarter profit on Friday, its first fall in two years, as it…
SHANGHAI – China’s banking and insurance regulator on Friday published draft rules regulating internal control and management at wealth management companies. Such rules included that wealth management companies should not…
BERLIN -The German economy grew slightly in the first quarter of this year, supported by stronger investment, but the war in Ukraine began having an increasing impact from the end…
By Jesús Aguado MADRID -Spain’s BBVA beat forecasts on Friday with a 36.4% year-on-year rise in first quarter net profit, driven by a strong performance in emerging markets, while competitor…
FRANKFURT – Bank lending to euro zone businesses slowed in March, reinforcing expectations that Russia’s war in Ukraine would prompt both banks and corporations to tread cautiously, data from the…
By Bernadette Christina JAKARTA – When Indonesian cooking oil prices started climbing in November, authorities faced pressure to contain the cost of the household necessity made from palm oil and…