By Juliette Portala (Reuters) – Alstom’s shares slipped sharply on Wednesday, erasing earlier strong gains as the French train maker’s comments on cash flow generation and guidance divided the market. The stock climbed 9% after the market opened, before plummeting nearly 12%. By 1229 GMT, shares were down 9.8%. “There is a strongly bifurcated opinion…
By Jan Schwartz and David Shepardson HAMBURG/WASHINGTON (Reuters) -Volkswagen plans to expand its electric in vehicle range the United States with a fully electric pick-up and sports utility vehicle under the Scout brand, two people with knowledge of the matter said on Wednesday. The carmaker would invest around 100 million euros ($105.52 million) in the…
HELSINKI (AP) — Britain pledged to come to the aid of Sweden and Finland, including with military support, if the two Nordic nations came under attack under security deals Prime Minister Boris Johnson signed Wednesday with his Swedish counterpart in Stockholm and the Finnish president in Helsinki. Sweden and Finland are pondering whether to abandon…
By Alexander Cornwell DUBAI (Reuters) -Emirates airline said on Wednesday deliveries of Boeing 787 Dreamliners it has ordered are delayed by at least a year until 2024 and that it could be even longer due to the U.S. plane maker’s continued delivery suspension over structural flaws. The Dubai-based carrier ordered 30 of the twin-aisle jets…
By Nina Chestney LONDON (Reuters) – Russian gas flows to Europe via Ukraine fell by a quarter on Wednesday after Kyiv halted use of a major transit route blaming interference by occupying Russian forces, the first time exports via Ukraine have been disrupted since the invasion. Ukraine has remained a major transit route for Russian…
By Neil Jerome Morales MANILA (Reuters) – Share prices of Philippine companies linked to presidential election winner Ferdinand Marcos Jr have surged this week, on what analysts said were expectations they would benefit under the incoming administration. Shares in at least three firms owned by relatives or friends of Marcos and outgoing President Rodrigo Duterte…
LONDON (AP) — Britain and the European Union were once again at loggerheads over Brexit on Wednesday, after the U.K. government ramped up threats to scrap parts of its trade treaty with the bloc, saying the rules are blocking the formation of a new government in Northern Ireland. Foreign Secretary Liz Truss said the government…
By Sheila Dang (Reuters) – Elon Musk’s $44 billion deal to take Twitter Inc private could mark the end of the social media platform’s advertising business, many in the ad industry have worried. But in the weeks since April 25 when the Tesla Inc chief executive announced the deal, Madison Avenue’s attitude to Musk’s upcoming…
BERLIN (AP) — The European Union will no longer recommend medical masks be worn at airports and on planes starting next week amid the easing of coronavirus restrictions across the bloc, though member states can still require them, officials said Wednesday. The European Union Aviation Safety Agency said it hoped the joint decision, made with…
PRAGUE (Reuters) – Czech President Milos Zeman appointed central bank board member Ales Michl as the new governor on Wednesday, picking an opponent of the rapid policy tightening the central bank has delivered in the past year to tame soaring inflation. Michl, who has voted for stable rates at each policy meeting since last June…
