Delta Air Lines expects travelers will pack planes during the upcoming holidays despite higher fares and growing concerns over inflation and the economy. Delta posted a profit Thursday of $695 million in the third quarter as higher fares this summer and a lucrative credit-card business more than offset higher fuel prices. The airline forecast a…
MILAN (Reuters) – Monte dei Paschi di Siena (MPS) on Thursday set the terms of an up to 2.5 billion euro ($2.4 billion) cash call it will launch on Monday. Here is a timeline of key events in the recent history of MPS, whose origins can be traced back to the 15th century. NOVEMBER 2007…
BRUSSELS (AP) — NATO’s secretive Nuclear Planning Group met Thursday as the military alliance presses ahead with plans to hold a nuclear exercise next week as concerns deepen over President Vladimir Putin’s insistence that he will use any means necessary to defend Russian territory. Defense ministers led the session, which usually happens once or twice…
(Reuters) -South African freight rail and port workers have rejected a revised pay offer from state-owned logistics firm Transnet and vowed to continue a week-long strike that has been throttling commodities exports, a union leader said on Thursday. Transnet, which operates South Africa’s freight rail and ports, said on Tuesday it had raised its wage…
TAIPEI, Taiwan (AP) — Taiwan Semiconductor Manufacturing Co., the biggest contract manufacturer of processor chips for smartphones and other products, said Thursday that its quarterly profit rose 79.7% over a year earlier to $8.8 billion amid surging demand. Quarterly revenue rose 47.9% over a year ago to $19.2 billion, the company reported. TSMC, headquartered in…
ROME (AP) — With its dozens of “revolving door” governments, Italy might give the impression that carving out new ruling coalitions is quick work. But the process can take weeks, even months, especially if a new government’s formation is prompted by the premature demise of Parliament. That’s the case now. On Thursday, when newly elected…
BRUSSELS — Germany’s defense minister says 15 countries have agreed to move ahead with plans for an improved European air defense system. Defense Minister Christine Lambrecht said on the sidelines of a meeting of NATO defense ministers that a letter of intent was signed Thursday to organize joint procurement for the so-called European Sky Shield,…
KYIV, Ukraine (AP) — Russian forces used Iranian-made kamikaze drones to attack Ukraine’s capital and Odesa regions and slammed other areas with missiles, Ukrainian officials said Thursday as Moscow punished the country for a fourth day after a truck bomb attack on a bridge to Russia-annexed Crimea. A strike carried out near Makrariv, a small…
By Silke Koltrowitz and Lee Marzel TEL AVIV/ZURICH (Reuters) – Israel’s Redefine Meat has struck a partnership with importer Giraudi Meats to drive European distribution of its “New Meat” steak cuts produced on 3D printers, it said on Thursday. The start-up, which raised $170 million in a series A financing round this year, operates large-scale…
LONDON (Reuters) – The Bank of England said on Thursday that the central counterparties (CCPs) in Britain’s financial system were “resilient” after publishing the conclusions of its first public stress test for ICE Clear Europe, LCH and LME Clear. Central counterparties operating in London are a key part of the global financial system’s plumbing, due…
