FRANKFURT (Reuters) -Germany and Austria should curb a boom in house prices by setting caps on mortgages and forcing banks to build up more capital, the European Union’s financial stability watchdog said on Friday. The European Systemic Risk Board’s recommendations, published on Friday but dating back to early December, were designed to speed up action…
(Reuters) -Under Armour Inc on Friday warned that higher transportation costs would squeeze its earnings in the current quarter, as the sportswear maker wrestles with COVID-19-led disruptions to its supply chain. Shares fell 8.1% to $18.40 as the company flagged reductions to its spring and summer order book due to supply constraints. Product availability has…
BERLIN (AP) — Germany’s Constitutional Court has refused to temporarily block the implementation of a coronavirus vaccine mandate for care and health workers that is due to come into force in mid-March. The country’s top court said Friday that it had rejected a bid to impose an injunction against the measure until a legal challenge…
NEW YORK (AP) — Super Bowl advertisers this year want Americans to forget about pandemic woes and focus on the future: of electric vehicles, mind reading Alexas, robots and cryptocurrency — and also to harken back to the nostalgic past of ’90s movies like “Austin Powers” and “The Cable Guy.” The Los Angeles Rams are…
HELSINKI (Reuters) -Finnair will remain a stand-alone airline and stick to its Asia-focused strategy while adding new routes to the United States, Chief Executive Topi Manner said on Friday. Finland’s national carrier, which has bet heavily on providing connections to Asia, expects the business environment to return close to normal in the second half of…
(Reuters) – Shares of Zillow Group Inc rose 13% premarket on Friday after the online real estate firm’s fourth-quarter revenue handily beat estimates on a strong performance in its home segment. The segment, which helps customers list their properties for sale, marked an 11-fold rise in revenue as Zillow managed to sell inventory faster and…
By Mark John (Reuters) – Signs are growing that a global supply chain crisis which has confounded central bank inflation forecasts, stunted economic recoveries and compressed corporate margins could finally start to unwind towards the end of this year. But trade channels have become so clogged up it could be well into next year before…
By Elvira Pollina MILAN (Reuters) – The board of Telecom Italia (TIM) will discuss the group’s overhaul on Monday as newly appointed chief executive Pietro Labriola strives to forge an alternative to a takeover proposal by U.S. fund KKR. The private equity group approached Italy’s biggest telecom operator in late November but the process stalled…
COPENHAGEN, Denmark (AP) — Health authorities in Denmark said Friday that they were considering “winding down” the country’s coronavirus vaccination program in the spring and see no reason now to administer a booster dose to children or a fourth shot to anymore residents at risk of severe COVID-19. The Danish Health Authority said in a…
By Victoria Waldersee BERLIN (Reuters) – Mercedes-Benz Cars & Vans expects an adjusted earnings before interest and taxes (EBIT) of 14 billion euros ($15.9 billion) in 2021 and sees supply chain headwinds persisting into 2022, it said on Friday. The luxury carmaker predicted an adjusted return on sales of 12.7% in the full year, beating…
