By Giulio Piovaccari MILAN (Reuters) – If playing catch up with Tesla is what everyone in the auto industry is about then Stellantis, the company formed from the merger of Fiat Chrysler and Peugeot, has had a good start – its shares have far outpaced its U.S. rival in its inaugural year. But this is…
By David Shepardson WASHINGTON (Reuters) -The chief executives of major U.S. passenger and cargo carriers on Monday warned of an impending “catastrophic” aviation crisis in less than 36 hours, when AT&T and Verizon are set to deploy new 5G service. The airlines warned the new C-Band 5G service set to begin on Wednesday could render…
NEW YORK (Reuters) -Activision Blizzard Inc said on Monday it has fired or pushed out more than three dozen employees and disciplined another 40 since July to address allegations of sexual harassment and other misconduct at the videogame company. After completing reviews, “37 employees have exited the company and another 44 received written reprimands, formal…
By Pamela Barbaglia and Gwénaëlle Barzic LONDON (Reuters) – Bain Capital is looking to bid for a stake in the benefits and rewards services unit of French food caterer Sodexo as the Paris-listed firm is on the lookout for investors that could help fund the group’s turnaround, sources told Reuters. Sodexo, which has a market…
By Benjamin Mallet PARIS (Reuters) -The CEO of EDF on Monday broke with the convention that bosses of French state companies don’t criticise the government to express “real shock” and indignation after the utility was told to sell more power to rivals at below-market prices. In a memo to managers seen by Reuters, Jean-Bernard Levy…
By Noah Browning and Bozorgmehr Sharafedin (Reuters) -Oil prices rose on Monday with investors betting that global supply will remain tight, although restraint by major producers was partially offset by a rise in Libyan output. Brent crude settled up 42 cents, or 0.5%, to $86.48 a barrel. Earlier in the session, the contract touched its…
By David Shepardson WASHINGTON (Reuters) -The chief executives of major U.S. passenger and cargo carriers on Monday warned of an impending “catastrophic” aviation crisis on Wednesday when AT&T and Verizon are set to deploy new 5G service. The airlines warned the new C-Band 5G service could potentially make a significant number of widebody aircraft unusable…
By Belén Carreño and Andreas Rinke MADRID (Reuters) -German Chancellor Olaf Scholz gave Spanish Socialist Prime Minister Pedro Sanchez no indication his left-leaning government is ready to support a relaxation of EU fiscal rules, even as the two agreed on Monday to work closer together on European policies. Sanchez had high expectations of Monday’s visit…
By Oliver Hirt, Sumeet Chatterjee and John O’Donnell ZURICH/FRANKFURT/HONG KONG (Reuters) – After taking over as chairman of Credit Suisse, Antonio Horta-Osorio pledged to develop a culture of personal accountability at the Swiss bank following a string of scandals. That promise ultimately sealed his fate as he was forced to resign after barely eight months…
MEXICO CITY (Reuters) – U.S. Energy Secretary Jennifer Granholm will travel to Mexico this week for talks, with the government’s planned overhaul of the Mexican electricity market potentially on the agenda, President Andres Manuel Lopez Obrador said on Monday. The United States has voiced concerns about an initiative championed by Lopez Obrador which aims to…
