MADRID (Reuters) – Aircraft maker Airbus agreed with Spanish labour unions to raise its workers’ salaries by between 5% and 7.4% this year on top of a 1,000 euro ($1,094) bonus that was paid in March, the CCOO union said on Wednesday. The agreement still has to be ratified by unionised workers. ($1 = 0.9143…
By Orhan Coskun and Birsen Altayli ANKARA (Reuters) – International investors are looking to increase investments in Turkey, notably in mergers and acquisitions, as they anticipate a shift to a more orthodox economic policy after May 14 elections, four government officials and analysts said. Opinion polls show President Tayyip Erdogan facing the greatest electoral challenge…
SAO PAULO (Reuters) – Industrial production in Brazil fell for the third consecutive month in February, government statistics agency IBGE said on Wednesday, with the sector still below pre-pandemic levels as it struggles to gather steam. Output dropped 0.2% in February from January, below the median estimate of a 0.1% decline in a Reuters poll…
ZURICH (Reuters) -The Swiss government said commitments to the Swiss National Bank and UBS to ease the takeover of Credit Suisse will not be affected by parliament’s rejection of 109 billion Swiss francs ($121 billion) in emergency credits and guarantees. In a largely symbolic vote, these commitments were last week rejected twice by Switzerland’s lower…
(Reuters) – Spotify was facing issues on Wednesday, the audio streaming platform said, with outage tracking website Downdetector reporting that the service was down for over 18,000 users in the United States. “Something’s not quite right, and we’re looking into it,” Spotify said in a tweet. (Reporting by Rahat Sandhu in Bengaluru; Editing by Shailesh…
By Krisztina Than and Alan Charlish BUDAPEST (Reuters) – Hungary’s central bank could cut its 25% top collateralised loan rate next week as part of a “multi-step process” towards policy normalisation, its deputy governor said on Wednesday, jolting markets as the forint lost almost 2%. With many economists saying inflation in central Europe has peaked,…
By Conor Humphries DUBLIN (Reuters) – Ryanair will have to trim its July schedule because it expects around 10 Boeing 737 MAX aircraft will be delayed due to manufacturing issues, Group Chief Executive Michael O’Leary said on Wednesday. “We are beginning to look at schedules maybe being about 10 short for July. We’ll get maybe…
(Reuters) -Citigroup raised its 2023 global economic growth forecast to 2.4%, citing “solid” performance in the United States, euro area and China, and also pushed out its expectation for a U.S. recession to the fourth quarter of the year. Citi economists had earlier pegged global growth at 2.2% for the year and expected the onset…
(Reuters) – U.S. Bancorp (USB) on Wednesday beat estimates for first-quarter profit as rapid rate hikes from the Federal Reserve helped the lender earn more from the interest charged on loans. That cushioned a hit from the bank increasing its rainy-day funds to $427 million from $112 million last year, as it girds for an…
DUBLIN (Reuters) -Growth in services across the euro zone is still accelerating but the steady improvement in business and consumer sentiment may have stalled, European Central Bank chief economist Philip Lane said on Wednesday, calling recent developments mixed. The ECB has raised interest rates at its past six meetings and said that unless the economy…
