HELSINKI (Reuters) -Finnair will remain a stand-alone airline and stick to its Asia-focused strategy while adding new routes to the United States, Chief Executive Topi Manner said on Friday. Finland’s national carrier, which has bet heavily on providing connections to Asia, expects the business environment to return close to normal in the second half of…
(Reuters) – Shares of Zillow Group Inc rose 13% premarket on Friday after the online real estate firm’s fourth-quarter revenue handily beat estimates on a strong performance in its home segment. The segment, which helps customers list their properties for sale, marked an 11-fold rise in revenue as Zillow managed to sell inventory faster and…
By Mark John (Reuters) – Signs are growing that a global supply chain crisis which has confounded central bank inflation forecasts, stunted economic recoveries and compressed corporate margins could finally start to unwind towards the end of this year. But trade channels have become so clogged up it could be well into next year before…
By Elvira Pollina MILAN (Reuters) – The board of Telecom Italia (TIM) will discuss the group’s overhaul on Monday as newly appointed chief executive Pietro Labriola strives to forge an alternative to a takeover proposal by U.S. fund KKR. The private equity group approached Italy’s biggest telecom operator in late November but the process stalled…
COPENHAGEN, Denmark (AP) — Health authorities in Denmark said Friday that they were considering “winding down” the country’s coronavirus vaccination program in the spring and see no reason now to administer a booster dose to children or a fourth shot to anymore residents at risk of severe COVID-19. The Danish Health Authority said in a…
By Victoria Waldersee BERLIN (Reuters) – Mercedes-Benz Cars & Vans expects an adjusted earnings before interest and taxes (EBIT) of 14 billion euros ($15.9 billion) in 2021 and sees supply chain headwinds persisting into 2022, it said on Friday. The luxury carmaker predicted an adjusted return on sales of 12.7% in the full year, beating…
MOSCOW (AP) — Britain’s defense secretary visited Moscow Friday for talks on easing tensions amid massive Russian war games near Ukraine. Ben Wallace’s trip comes a day after British Foreign Secretary Liz Truss held talks in Moscow, urging Russia to pull back over 100,000 troops amassed near Ukraine and warning that attacking its neighbor would…
BERLIN (Reuters) – Mercedes-Benz expects raw material prices and semiconductor shortages to continue to prevent it from meeting strong market demand for its products this year, the carmaker’s Chief Financial Officer Harald Wilhelm said on Friday. Chip capacity is coming back up, and the shortage will ease in the second half, he told analysts on…
SALT LAKE CITY (AP) — Traffic deaths decreased in Utah after the state enacted the strictest drunken driving laws in the nation five years ago, new research published Friday by a U.S. government agency shows. The findings, which pertain to fatalities involving and not involving alcohol, provide initial validation for conservative lawmakers who passed the…
By Aditi Shah NEW DELHI (Reuters) -Ford Motor Co, Suzuki Motor Corp and Hyundai Motor are among 20 companies that will be eligible for incentives under India’s $3.5 billion scheme to boost clean fuel vehicles, the government said on Friday. The federal cabinet last year https://reut.rs/3GHBxIi approved a plan under which it will give benefits…
