Thyssenkrupp CEO Martina Merz to quit; shares tank
By Christoph Steitz and Tom Käckenhoff FRANKFURT (Reuters) -Thyssenkrupp said on Monday its chief executive Martina Merz, who launched a…
Business
Tesla raises 2023 spending forecast as it races to ramp up output
(Reuters) – Tesla Inc raised its capital expenditure forecast for 2023 on Monday as the automaker ramps up output at…
Walt Disney Co to begin second wave of layoffs, cutting several thousand jobs – sources
By Dawn Chmielewski (Reuters) -Walt Disney Co will begin a second wave of layoffs on Monday involving thousands of jobs,…
Russian central bank to hold rate at 7.5%, inflation pressure looming
By Elena Fabrichnaya and Alexander Marrow MOSCOW (Reuters) – The Russian central bank is expected to hold rates at 7.5%…
Valentino sales up 10% in 2022 boosted by directly-owned shops
MILAN (Reuters) – Italian fashion house Valentino reported on Monday an 18% rise in core profit for 2022 as sales…
Strikes ground flights at German airports, railway walkouts to follow
BERLIN (Reuters) -Industrial action grounded dozens of flights at two major German airports on Monday as security workers and ground…
Brazil woos sceptical foreign investors with new fiscal plan
By Libby George LONDON (Reuters) -Brazil’s business and political leaders are pressing the case in Europe for investment in the…
Denmark presents “tight” fiscal budget to fight inflation
COPENHAGEN (Reuters) – Denmark’s government presented on Monday what it said was a “tight” fiscal spending plan for 2023, seeking…
Funds ignore Wall Street’s resilience, most bearish since 2011: McGeever
By Jamie McGeever ORLANDO, Florida (Reuters) -Hedge funds remain unconvinced by Wall Street’s recovery from the March banking shock and…
Subway sales rose 12.1% in first quarter as stores remodeled
By Hilary Russ NEW YORK (Reuters) – The sandwich chain Subway said on Monday that its global comparable sales were…