BERLIN (Reuters) -Luxury carmaker Porsche will raise prices by 4-8% in Europe and the U.S. in the second half to combat higher costs that weighed on returns in the first quarter, even as profits and revenue jumped by over 25%, it said on Wednesday. The company was still seeing issues with the supply of semiconductors…
STOCKHOLM (Reuters) – Sweden-based Volvo Cars said on Wednesday that sales increased by 10% year-on-year in April to 51,976 cars, boosted by strong gains in China. Volvo Cars, which is majority-owned by China’s Geely Holding, said in a statement that sales in China were up 46%. In Europe, its biggest market, sales were up 5%,…
DUBLIN (Reuters) – Ryanair flew 16 million passengers in April, up 13% year-on-year to record its third busiest month for traffic ever, Europe’s largest airline by passenger numbers said on Wednesday. The average proportion of empty seats per flight for the period – which included the Easter holidays – fell to 6%. The airline also…
By Choonsik Yoo and Jihoon Lee INCHEON, South Korea (Reuters) -South Korea is seeking to have its domestic bonds added to a key international market index this year although a decision by the benchmark publisher may not be made until September next year, the country’s finance minister told Reuters on Wednesday. The government has said…
ROME, May 3 (Reuters) – Italy’s unemployment rate edged down to 7.8% in March from 7.9% in February, data showed on Wednesday, as some 22,000 jobs were created in the month. The March jobess rate was below the median forecast of 8.0% in a Reuters survey of 11 analysts and was the lowest reading since…
PARIS (Reuters) – Finance Minister Bruno Le Maire said on Wednesday that he would meet with retailers and suppliers next week to discuss ways to break the food price inflation “spiral” by autumn, which is a major concern for cash-strapped consumers. Le Maire also told Franceinfo radio that economic growth remained solid in France despite…
(Reuters) – A fuel depot was on fire early on Wednesday near a crucial bridge linking Russia’s mainland with Crimea, a Russian official said, days after Moscow blamed Ukraine for an attack that set fire to an oil depot in Sevastopol. Flames and black smoke billowed over what appeared to be large tanks emblazoned with…
By Isla Binnie and Ross Kerber (Reuters) – Florida governor Ron DeSantis signed into law on Tuesday a bill barring state officials from investing public money to promote environmental, social and governance goals, and prohibiting ESG bond sales. The bill is one of the furthest-reaching efforts yet by U.S. Republicans against sustainable investing efforts, and…
MUNICH (Reuters) -Former Audi boss Rupert Stadler is ready to make a confession about his role in the diesel emissions scandal in exchange for a suspended sentence and a payment of 1.1 million euros ($1.21 million), his defence team said on Wednesday. The former CEO was charged in 2020 over his role in the scandal…
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka’s apparel export earnings could slump by $1 billion this year, a top industry expert said on Wednesday, as slowing global demand hits the crisis-hit South Asian country. Apparel is Sri Lanka’s largest industrial export and earned $5.95 billion in 2022, helping the country as it weathered its…
