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Geely premium automaker Lynk looks to further European growth
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Watchdog proposes first set of global rules for crypto sector
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Denmark to boost healthcare with an extra $739 million per year
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High inflation helps to swell UK budget deficit in April
Germany’s Lufthansa orders four Airbus planes
Date: May 23, 2023
Germany’s Lufthansa orders four Airbus planes (Reuters) – German flagship carrier Lufthansa signed a contract to purchase four additional Airbus A350-900 long-haul planes, the company said on Tuesday. The planes will be acquired from UK-based aircraft asset manager Deucalion Aviation and delivered to the group later this year. Lufthansa did not disclose the value of...
Drahi boosts stake in BT to 24.5%, will not make an offer
Date: May 23, 2023
Drahi boosts stake in BT to 24.5%, will not make an offer By Sarah Young LONDON (Reuters) -Billionaire Patrick Drahi has increased his stake in BT to 24.5% but reiterated that he does not plan a full takeover for Britain’s biggest telecoms group. The Franco-Israeli entrepreneur has since 2021 been adding to a position in...
Services drive acceleration in German business activity in May -flash PMI
Date: May 23, 2023
Services drive acceleration in German business activity in May -flash PMI BERLIN (Reuters) – German business activity expanded for a fourth month running in May, driven exclusively by a services sector revival that more than offset a manufacturing decline in Europe’s largest economy, a preliminary survey showed on Tuesday. The HCOB German Flash Composite Purchasing...
UK meat producer Cranswick’s full-year profit rises on strong demand
Date: May 23, 2023
UK meat producer Cranswick’s full-year profit rises on strong demand (Reuters) -Cranswick Plc on Tuesday reported a rise in full-year profit, as the British meat producer saw strong demand for gourmet meat and fresh pork while cost inflation pressures eased. Britons, who faced rising prices and an income squeeze last year, loosened their purse strings...
Euro 7 emissions standard to cost many times EC forecasts -industry group
Date: May 23, 2023
LONDON (Reuters) – Proposed Euro 7 emissions regulations will lead to direct costs for auto manufacturers that are up to 10 times higher than the European Commission’s forecasts, Europe’s car industry group said on Tuesday, citing a new study. The European Automobile Manufacturers Association (ACEA) said a study by consultancy Frontier Economics found that the...
Julius Baer reports modest money inflows after slow start to 2023
Date: May 23, 2023
Julius Baer reports modest money inflows after slow start to 2023 ZURICH (Reuters) -Julius Baer reported on Tuesday a modest rise in assets under management and money inflows in the first four months of this year, in what the Swiss bank called a challenging period for wealth managers. The bank, which competes with UBS and...