By Nathan Gomes and Nora Eckert (Reuters) – General Motors and Ford Motor will likely have a tough time convincing investors when they report results that Detroit’s pricing power for gasoline cars is still strong and losses from their EV ventures are dwindling. GM is set to release its results for the July to September …
GM, Ford brace for investor scrutiny over pricing power, EV losses Read More »
By Adrianna Ebert and Mateusz Rabiega GDANSK (Reuters) – Polish software company Transition Technologies MS (TTMS) plans to raise up to 80 million zlotys ($20 million) from its initial public offering (IPO) to help fund acquisitions, it said on Monday. It set a maximum share price of 35 zlotys for the offering, which it said …
Poland’s software firm TTMS plans to use IPO proceeds to fuel takeovers Read More »
BRUSSELS (Reuters) – The European Commission has approved 128 million euros ($139 million) of Swedish state aid to help steelmaker SSAB decarbonise its production, the Commission said on Monday. “The measure will contribute to the achievement of the European Green Deal and the Green Deal Industrial Plan targets, while also helping to end dependence on …
EU approves $139 million of Swedish aid to help steelmaker SSAB decarbonise Read More »
ROME (Reuters) – Italy is moving to introduce measures aimed at ensuring that Big Tech firms share the cost of developing telecoms infrastructure in the country, Industry Minister Adolfo Urso said on Monday. Telecoms companies argue that Alphabet’s Google, Meta’s Facebook, Amazon, Apple and Microsoft should bear some of the high-speed network rollout costs because …
Italy moves to ensure Big Tech share in costs of telecom networks rollout Read More »
DUBAI (Reuters) -Iran has written to the U.N. nuclear watchdog to complain about Israeli threats to strike its atomic energy sites, its foreign ministry spokesman said at a weekly news conference on Monday. Israel has vowed to attack Iran in retaliation for a volley of Iranian missiles on Oct. 1, stirring widespread speculation that Iranian …
By David Shepardson (Reuters) -Striking machinists at Boeing will vote Wednesday on a new contract proposal that includes a 35% pay hike over four years that could end a costly five-week-old strike, the company and union said Saturday. Around 33,000 of Boeing’s unionized West Coast workers, most in Washington state, have been on strike since …
Boeing workers to vote on new wage deal that could end strike Read More »
By Phil Stewart KYIV (Reuters) – The U.S. military has rushed its advanced anti-missile system to Israel and it is now “in place”, Defense Secretary Lloyd Austin said. THAAD, or the Terminal High Altitude Area Defense system, is a critical part of the U.S. military’s layered air defense systems and adds to Israel’s already formidable …
US says THAAD anti-missile system is ‘in place’ in Israel Read More »
MOSCOW (Reuters) – Moldova’s election was not free and the results showed a “hard-to-explain” increase of votes in favour of President Maia Sandu and the European Union, Kremlin spokesman Dmitry Peskov said Monday. “What we see is a mechanically hard-to-explain rate of increase in votes in favour of Sandu and in favour of those referendum …
Kremlin says Moldova’s elections were not free and results raise many questions Read More »
By Dave Sherwood HAVANA (Reuters) -Cuba’s electrical grid collapsed again on Sunday, the fourth such failure in 48 hours, raising fresh doubts about a quick fix on an island already suffering from severe shortages of food, fuel and medicine. The blackout, after weeks of rolling outages, sparked some small protests around the Caribbean island, where …
Cuba grid collapses again raising doubts about a quick fix Read More »
MADRID (Reuters) -Uncertainty in the market for new companies and high interest rates are hindering Spanish fashion retailer Tendam’s plans for an initial public offering (IPO), its chief executive officer said on Monday. “It will be difficult for medium-sized companies to go public unless interest rates are lowered and the outcome of the presidential election …
Too much market uncertainty for Spanish IPO, Tendam CEO says Read More »
