By Tim Hepher PARIS (Reuters) – Qatar Airways hit back on Friday at a decision by Airbus to widen a dispute over damaged passenger jets by cancelling a separate $4.6 billion order for A321neos. The Gulf airline also released a video appearing to show patches of damage to paint and a layer of lightning protecton…
By Davide Barbuscia NEW YORK (Reuters) -BNP Paribas is pushing back its return-to-office date for U.S. employees by nearly a month to the second week of February due to the Omicron variant, an executive at France’s largest bank told Reuters. Wall Street firms were among the first to encourage staff to return to offices, but…
By David Shepardson WASHINGTON (Reuters) -Volkswagen AG agreed to a $3.5 million settlement with Ohio over claims the German automaker violated state laws by manipulating vehicle computer software in its vehicles to mask carbon dioxide emissions, the state attorney general said. In November, the U.S. Supreme Court rejected Volkswagen’s bid to avoid lawsuits filed by…
By Balazs Koranyi, Leika Kihara and David Lawder (Reuters) – The world’s biggest central banks, moving in tandem at the height of the pandemic, are set to tighten policy at vastly different speeds, likely increasing economic and market volatility this year, top policymakers said on Friday. Central banks unleashed unprecedented stimulus in recent years to…
(Reuters) -More than 8,000 workers at nearly 80 Kroger Co-owned King Soopers stores on Friday called off their strike after reaching a tentative deal with the U.S. retail giant, the United Food and Commercial Workers Local 7 union said. The details of the contract would be made public in the coming days to the union…
(Reuters) – Investors stepped up selling in global bond funds in the seven days to Jan. 19 as hawkish remarks from U.S. Fed officials amid rising inflationary pressure solidified expectations that the central bank will tighten monetary policy as early as March. Investors offloaded global bond funds of $4.12 billion, that topped previous weeks outflows…
TAIPEI (Reuters) – Taiwan-based Foxconn said it has partnered with Indonesia’s Investment Ministry and several companies to support the development of electric cars in the Southeast Asian country, adding to a string of such deals by the iPhone assembler. Foxconn, Apple’s main iPhone maker, has expanded its activities in electric vehicles (EVs) in recent years,…
By Tommy Wilkes LONDON (Reuters) – Stock markets dropped on Friday, following on from a late slump in the U.S. as fears about the pace of monetary policy tightening and weaker-than-expected earnings from companies that soared in the pandemic hit investor confidence. Oil prices pulled back too as another bout of risk aversion spread rapidly…
(Toyota corrects number of affected plants to 12 from 11) TOKYO (Reuters) -Toyota Motor Corp is slowing production at as many as 12 plants in Japan because of rising COVID-19 infections among its workers and those at parts suppliers, it said on Thursday. That disruption, which comes amid a shortage of semiconductors that is already…
LONDON (Reuters) – Pandemic market darlings Netflix and Peloton each saw about a fifth of their market value wiped out on Thursday after both said business was slowing, a sign, say analysts, of growing market jitters about the business prospects of such companies. Peloton shares plunged 24% on Thursday wiping off nearly $2.5 billion in…
