Business

Image for In new era, Ray-Ban owner extends partnership with Armani

Business

In New Era, Ray-Ban Owner Extends Partnership With Armani

Image for France caps energy price increase at 15% next year to shield consumers

Business

France Caps Energy Price Increase at 15% Next Year to Shield Consumers

Image for Air France cancels 55% of short, medium-haul flights Sept. 16 due to strike

Business

Air France Cancels 55% of Short, Medium-Haul Flights Sept. 16 Due to Strike

Image for Kuehne raises Lufthansa stake to 17.5% as Germany sells remaining shares

Business

Kuehne Raises Lufthansa Stake to 17.5% as Germany Sells Remaining Shares

Image for Zara owner Inditex’s first-half sales surge ahead of potential slowdown

Zara Owner Inditex’s First-Half Sales Surge Ahead of Potential Slowdown

Date: September 14, 2022

MADRID (Reuters) – Fashion brand Zara’s owner Inditex said on Wednesday that profit for the six months to July jumped by 41% and sales rose by around a quarter, putting it on a strong footing ahead of second half likely to see rampant inflation hitting demand for clothing. In the first set of results since...

Image for Upset by high prices, GM’s Cruise develops its own chips for self-driving cars

Upset by High Prices, GM’s Cruise Develops Its Own Chips for Self-Driving Cars

Date: September 14, 2022

By Jane Lanhee Lee and Hyunjoo Jin SAN FRANCISCO (Reuters) – General Motors’ autonomous driving unit Cruise has developed its own chips for self-driving cars to be deployed by 2025, as they aim to bring down costs and scale up volume, executives said Tuesday. Cruise is taking a page out of Tesla’s playbook, switching from...

Image for Virgin Australia says high staff illness rates hampering capacity, lifting fares

Virgin Australia Says High Staff Illness Rates Hampering Capacity, Lifting Fares

Date: September 14, 2022

By Jamie Freed SYDNEY (Reuters) – Virgin Australia has been unable to provide enough domestic capacity to meet demand, which is tracking above 2019 levels because of high illness rates among staff, its chief executive said on Wednesday. “It is people capacity, not aircraft capacity,” Virgin Chief Executive Jayne Hrdlicka said of the problems at...

Image for Starbucks projects profit growth from tech, stores, workers spending

Starbucks Projects Profit Growth From Tech, Stores, Workers Spending

Date: September 14, 2022

By Hilary Russ SEATTLE (Reuters) -Starbucks Corp projects profits to grow between 15% to 20% per share over the next three years, a significant increase from previous guidance based on spending plans of $2.5 to $3 billion over the same period on technology, new stores and renovations, the coffee chain said on Tuesday. The company...

Image for Ferrari woos super rich with $400,000, petrol-fuelled SUV

Ferrari Woos Super Rich With $400,000, Petrol-Fuelled Suv

Date: September 13, 2022

By Giulio Piovaccari MILAN (Reuters) – Ferrari unveiled on Tuesday its first SUV, the 390,000 euro ($397,000), 12-cylinder Purosangue, aimed at super-rich drivers still not ready to go all-electric. While late to the SUV market, the Italian brand famed for its prancing horse logo is sure the luxury sports car-style of the Purosangue – or...

Image for DS Smith tackles emissions, energy prices spike with new plant in Italy

Ds Smith Tackles Emissions, Energy Prices Spike With New Plant in Italy

Date: September 13, 2022

By Federico Maccioni CASTELFRANCO EMILIA, Italy (Reuters) – British cardboard maker DS Smith expects a newly opened plant in northern Italy to help it reach its full-year growth targets as well as cut down on emissions and soften the impact of soaring energy prices. Speaking on Tuesday at the new facility in Castelfranco Emilia, near...