MADRID (Reuters) – Irish airline Ryanair is keen to buy the slots International Consolidated Airlines Group may be forced to dispose to get its planned acquisition of Air Europa approved by the European antitrust regulator, Cinco Dias newspaper reported on Monday. “We are following the process because we are interested in the possible liberation of…
MADRID (Reuters) – Irish airline Ryanair is keen to buy the slots International Consolidated Airlines Group may be forced to dispose to get its planned acquisition of Air Europa approved by the European antitrust regulator, Cinco Dias newspaper reported on Monday. “We are following the process because we are interested in the possible liberation of…
By Ananya Mariam Rajesh (Reuters) – Anheuser-Busch InBev and Molson Coors Beverage are set to gain market share from craft beer makers in the United States this year as cost-conscious consumers are opting for cheaper six-packs, according to analysts and industry experts. With inflation making goods more expensive nationwide, consumers are trading down to more…
By Nell Mackenzie LONDON (Reuters) – Odey Asset Management is not considering imposing exit restrictions on investors in any of its funds, a spokesperson said, as partners seek to sever ties with founder Crispin Odey following allegations of sexual misconduct against him. The Financial Times reported on Sunday that Odey Asset Management had been discussing…
By Howard Schneider WASHINGTON (Reuters) – U.S. Federal Reserve officials, who hoped to return the job market to its 2019, best-in-a-generation status after the pandemic, may be on the verge of success as the economy passes key milestones for labor participation and nears a return to pre-pandemic trend levels of employment. The question now: Will…
(Reuters) – The euro zone has slipped into recession and Chinese data has disappointed, warning signs for world markets relieved that the March banking turmoil has not led to a full on credit-crunch and a U.S. debt ceiling crisis has been averted. “We are heading for a downturn and it varies region to region,” said…
MILAN (Reuters) -Four-time Italian prime minister and billionaire media tycoon Silvio Berlusconi, who died on Monday at the age of 86, never publicly indicated who should lead his business empire after his death. The future of his business interests will likely depend on how he has chosen to distribute his 61% stake in family holding…
(Reuters) – A look at the day ahead in U.S. and global markets from Dhara Ranasinghe. It’s a big week for markets with interest rate decisions from the three major central banks coming one after another. And one take away from last week’s surprise rate increases in Canada and Australia, is not to take anything…
By Blake Brittain (Reuters) – The U.S. Supreme Court handed brand owners a win against parody products on Thursday when it ruled that “Bad Spaniels” dog toys resembling Jack Daniel’s whiskey bottles are not shielded by the U.S. Constitution from the liquor maker’s trademark lawsuit. The decision is likely to force companies to toe a…
By Sam Nussey TOKYO (Reuters) -The CEO of ChatGPT maker OpenAI on Monday said a tour of capital cities had left him “quite optimistic” about prospects for global coordination on artificial intelligence (AI). The public face of the startup, backed by Microsoft Corp, has been on a whirlwind tour looking to capitalise on interest in…
