PARIS, Feb. 1 (Reuters) – Airbus (AIR.PA) The two companies said on Wednesday that it and Qatar Airways had settled a dispute over the grounded A350s, to avoid a possible trial in the United Kingdom after a violent 18-month dispute that tore the lid off the global aircraft market. “Amicable and mutually acceptable settlement” ends …
Airbus and Qatar Airways settle a bitter row over the A350 Read More »
SAN FRANCISCO, Feb. 1 (Reuters) – Rivian Automotive Company (Revno) It is laying off 6% of its workforce in a bid to cut costs as the electric car maker, already suffering from low cash reserves and a weak economy, prepares for an industry-wide price war. In an email to employees Wednesday announcing the job cuts, …
Exclusive: Electric Vehicle Maker Rivian Cuts 6% of Jobs Amid Price War – Internal Memo Read More »
HOUSTON, Jan. 31 (Reuters) – Exxon Mobil Corporation (XOM.N) The company said on Tuesday that its net profit for 2022 amounted to $56 billion, and it made about $6.3 million per hour last year, setting not only a record for the company, but also a historic high for the western oil industry. Major oil companies …
Exxon will crush the profits of major western oil companies by $ 56 billion in 2022 Read More »
To become CEO July 1 The activist contributor says she met Schumacher when he was at Heinz First outside CEO since Paul Pullman was appointed in 2008 Unilever shares are outperforming the FTSE 100 LONDON (Reuters) – Unilever appointed Hein Schumacher on Monday to replace Alan Job as chief executive from July, a move welcomed …
Unilever has appointed former Heinz exec Schumacher as chief executive officer Read More »
Q4 GDP at -0.2% qoq vs 0.0% forecast The decrease is mainly due to lower private consumption Economists think a mild recession is likely Data on Monday showed that the German economy contracted unexpectedly in the fourth quarter, in a sign that Europe’s largest economy may be entering a highly anticipated recession, although it is …
https://tmsnrt.rs/2zpUAr4 The Fed saw a 25bp rise this week, the European Central Bank and the Bank of England up 50bp The tech giants lead a slew of earnings results China shares the rise with the rise in holiday travel SYDNEY (Reuters) – Asian stocks turned cautious on Monday ahead of a week that is sure …
Asian stocks turn cautious as prices soar, and earnings loom Read More »
The final 747 freighter will be delivered to Atlas Airlines More than five decades of commercial production ends Boeing nearly went bankrupt, before becoming a cash cow It’s easy to fly, says rock star pilot Bruce Dickinson SEATTLE/PARIS, Jan. 29 (Reuters) – The Boeing Company (prevention) The 747, the original and most aesthetically pleasing “Jumbo …
The Boeing 747, the original jumbo jet, is preparing for final dispatch Read More »
DUsseldorf (Reuters) – Germany’s Rheinmetall is ready to increase production of tank and artillery ammunition to meet strong demand in Ukraine and the West, and may start producing HIMARS multiple rocket launchers in Germany, the chief executive of German arms company Rheinmetall said. Reuters. He spoke days before Germany’s defense industry chiefs met new defense …
Rheinmetall eyes increase ammunition production and HIMARS production in Germany Read More »
Collapsing for the second time in three years 276 workers were laid off by administrators About 75,000 customers have future bookings Affected by the delay in the delivery of aircraft Competitors see higher demand LONDON (Reuters) – British regional carrier FlyBe on Saturday suspended trading for the second time in three years, with all flights …
UK regional airline Flybe halts trading and cancels all flights Read More »
LONDON (Reuters) – Blockchain data seen by Reuters shows that crypto giant Binance processed nearly $346 million in bitcoin for digital currency exchange Bitzlato, whose founder was arrested by US authorities last week for allegedly running a “money laundering engine.” The Justice Department said so on January 18th Bitzlato’s co-founder and majority shareholder was charged …
