PARIS (Reuters) – French food company Danone will shed control of its dairy food business in Russia, it said on Friday, adding that the deal could lead to a write-off of up to 1 billion euros ($978 million). Joining the lengthening list of global companies making costly exits from Russia over the war in Ukraine,…
By Tim Hepher LONDON (Reuters) – Airbus and Qatar Airways return to court on Friday as a contractual and safety dispute over A350 passenger jets descends into a tug-of-war over confidential documents while the sums at stake in their unprecedented falling-out top $1.5 billion. Qatar Airways is suing Airbus over damage to the painted surface…
(Reuters) -Royal Mail could cut as many as 5,000 to 6,000 jobs by the end of August next year, parent company International Distributions Services said on Friday, as the British company remains locked in a bitter dispute with its largest labour union. The Communication and Workers Union (CWU), representing 115,000 Royal Mail postal workers, have…
More worries about inflation helped spur a broad slide for stocks Friday that left most of the major indexes on Wall Street in the red for the week and wiped out much of the market’s gains from a strong rally a day earlier. A report showing U.S. consumers raised their expectations for future inflation hurt…
(Corrects headline to drop extraneous word ‘urgent’; no changes to text) (Reuters) – Dutch navigation and digital mapping company TomTom on Friday raised its 2022 outlook after better-than-expected third-quarter results driven by its location technology business. The Amsterdam-based firm, whose customers range from major car companies to leading global tech firms, forecast full-year revenue in…
BENGALURU (Reuters) – Shares of Indian IT major Infosys Ltd rose as much as 4.6% to a one-month high on Friday, after it raised revenue outlook and announced a $1.13 billion share buyback. The Bengaluru-based firm now expects 15%-16% revenue growth in the fiscal year ending March, compared with 14%-16% earlier. It reported a better-than-expected…
