TANAGRA, Greece (AP) — Greece’s air force on Monday took delivery of a first pair of upgraded F-16 military jets under a $1.5 billion program to modernize its fighter fleet amid increasing tensions with neighboring Turkey. The two F-16s presented at the Tanagra airbase northwest of Athens are the first of 83 to be refitted…
AMSTERDAM (Reuters) -Dutch shareholders association VEB is threatening to take Philips to court over its handling of a global recall of respiratory machines, claiming it caused billions in losses by giving incorrect information to shareholders, Dutch paper FD reported on Monday, citing a letter the VEB sent to the company. Philips confirmed that it had…
(Reuters) – Alphabet Inc is considering moving some production of Pixel phones to India following disruptions in China from COVID-19 lockdowns and Beijing’s rising tensions with the United States, the Information reported on Monday, citing a source. Alphabet, which did not immediately respond to a Reuters request for comment, has solicited bids from manufacturers in…
NEW YORK (Reuters) -The U.S. fraud trial of Trevor Milton, the founder and former chief executive of Nikola Corp who prosecutors accuse of lying to investors about the electric- and hydrogen-powered truck maker, began on Monday in New York with jury selection. Prosecutors have said Milton sought to deceive investors about the company’s technology starting…
NEW YORK (AP) — From his perch as American Eagle Outfitters’ chief supply chain officer, Shekar Natarajan is taking a page from shared ride service Uber to modernize the supply chain for retailers. Since Natarajan joined American Eagle almost four years ago, the teen retailer has acquired two supply chain businesses for several hundred million…
(Reuters) – Zendesk Inc investor Light Street Capital Management on Monday reaffirmed its decision to vote against the software firm’s $10.2-billion go-private deal with investment firms Hellman & Friedman and Permira. In a letter to the company board, Light Street also asked it to postpone the voting on the deal, which is due Sept. 19….
By Devik Jain and Ankika Biswas (Reuters) -U.S. stock indexes were set to open higher on Monday as investors positioned themselves for a crucial inflation reading this week that could determine the pace of interest rate hikes by the Federal Reserve. The three major U.S. stock indexes snapped a three-week losing streak on Friday, as…
By Samuel Indyk LONDON (Reuters) -European shares jumped on Monday after Ukrainian forces advanced rapidly in Kharkiv province in Russia’s worst setback since its Kyiv push was abandoned in March, while the euro extended its European Central Bank-inspired gains from last week. On Saturday, Moscow abandoned its main bastion in northeastern Ukraine, in a sudden…
BERLIN (AP) — German Chancellor Olaf Scholz made clear Monday that he doesn’t expect an agreement with Iran in the immediate future to restore Tehran’s tattered nuclear deal with world powers, though he said there’s no reason for Iran not to sign up and European countries would remain “patient.” Scholz spoke after meeting in Berlin…
(Reuters) -Twitter Inc said on Monday payments made to a whistleblower did not breach any terms of its $44 billion buyout by Elon Musk, after the world’s richest man cited the move as another reason to scrap the deal. In a letter to Twitter on Friday, lawyers for Musk said Twitter’s failure to seek his…
