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Air France faces new strikes over domestic network cuts

Air France unions have called for strikes at domestic carrier Hop, as pilots seek an improved pay offer and ground staff representatives press for job guarantees, union officials said on Wednesday.



5 years ago

Lyft resumes shared electric bike rentals in NYC

Lyft Inc will roll out a fleet of several hundred electric bikes for rent across New York City, the company said on Wednesday, 10 months after it pulled them following complaints and injury reports.



5 years ago

UniCredit CEO says no M&A deal after Intesa's surprise UBI bid

The head of UniCredit repeated in a letter to staff on Wednesday that Italy's biggest bank had no intention of engaging in merger and acquisition deals following Intesa's blitz move to buy rival UBI Banca .



5 years ago

Citi, Deutsche start talks to sell $9 billion Dubai port company debt: sources

Citi and Deutsche Bank have started talks with other banks to sell roughly $9 billion in debt Dubai raised to take full control of DP World and refinance borrowings of Dubai World, sources familiar with the matter said on Wednesday.



5 years ago

Renault shares fall after Moody's cuts its debt to 'junk' status

Renault's shares fell on Wednesday after Moody's cut its rating on the French carmaker's debt to "junk" status, citing weaker profitability as the company restructures and grapples with falling demand.



5 years ago

Oil up on slowing pace of coronavirus, Venezuela sanctions

Oil prices rose on Wednesday, with Brent gaining for a seventh straight day, after a slowing of new coronavirus cases in China eased demand worries and supply was curtailed by a U.S. move to cut more Venezuelan crude from the market.



5 years ago

BlackRock bolsters European management as part of regional expansion: memo

BlackRock , the world's biggest asset manager, has appointed two executives to oversee its operations in continental Europe as part of efforts to expand in the region, a memo to staff on Wednesday seen by Reuters showed.



5 years ago

Kuwaiti parliament to investigate Airbus aircraft orders

Kuwaiti lawmakers agreed on Wednesday to set up a committee to look into whether Airbus's aircraft orders from the Gulf Arab state involved alleged corruption, the state news agency reported.



5 years ago

U.S. urges EU to use 5G by Ericsson, Nokia, Samsung, seen on par with Huawei

EU countries have no reason to use 5G mobile technology from Huawei because Sweden's Ericsson , Finland's Nokia and South Korea's Samsung are on par with the Chinese group in the field, a senior U.S. diplomat said.



5 years ago

T-Mobile owner sets sights on becoming U.S. number one

Deutsche Telekom is aiming to become market leader in the United States, CEO Tim Hoettges said on Wednesday, now that a deal for its T-Mobile US unit to take over Sprint is within reach.



5 years ago

Qatar Airways spends $600 million to lift stake in BA owner to 25%

Qatar Airways has bought a $600 million stake in British Airways-owner IAG to increase its holding to 25.1%, strengthening its position ahead of a change in IAG management.



5 years ago

Forget Tesla. Wall Street has found a new favorite speculative stock in Virgin Galactic

Virgin Galactic trading has accelerated in a way that tops even the momentum behind Tesla.

5 years ago

Boeing heads to court amid fight over release of 737 MAX documents

Boeing Co heads to court on Wednesday to dispute a request from lawyers representing victims of a 737 MAX crash for documents related to the aircraft's design, development and two fatal disasters.



5 years ago

U.S. housing starts fall; building permits near 13-year high

U.S. homebuilding fell less than expected in January while permits surged to a near 13-year high, pointing to sustained housing market strength amid lower mortgage rates.



5 years ago

'Made in Russia' passenger jet finds a single buyer: Aeroflot

Russia's main home-grown passenger jet, the Sukhoi Superjet 100, conceived as a rival to Airbus, Bombardier and Embraer, has no confirmed orders this year beyond a long-standing deal with state carrier Aeroflot , two sources told Reuters.



5 years ago