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Airbus seeks to break Emirates jet order impasse

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Airbus seeks to break Emirates jet order impasse

DUBAI, Nov 15 (Reuters) – Airbus (AIR.PA) sought a compromise to try to unblock dozens of A350 orders from Dubai’s Emirates late on Wednesday, buoyed by a deal for 11 of the most popular version of the jet with Ethiopian Airlines, industry sources said. Dubai Airshow talks to rescue a delayed order for long-haul jets, … Read more

Siemens Energy sees $1.1 billion in sales from electrolyser business mid-term

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Siemens Energy sees $1.1 billion in sales from electrolyser business mid-term

Miniatures of windmill, solar panel and electric pole are seen in front of Siemens Energy logo in this illustration taken January 17, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights BERLIN, Nov 8 (Reuters) – Siemens Energy (ENR1n.DE) expects more than 1 billion euros ($1.1 billion) in revenues mid-term from its hydrogen electrolyser manufacturing business, one … Read more

Estee Lauder, Canada Goose slash annual targets as China recovery falters

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Estee Lauder, Canada Goose slash annual targets as China recovery falters

[1/2]An Estee Lauder cosmetics counter is seen in Los Angeles, California, U.S., August 19, 2019. REUTERS/Lucy Nicholson/File Photo Acquire Licensing Rights Nov 1 (Reuters) – Estee Lauder (EL.N) and Canada Goose Holdings (GOOS.TO), on Wednesday cut their annual forecasts as the luxury goods companies grapple with weak demand in high-growth market China. Estee’s shares tumbled … Read more

European shares steady on mixed earnings; Worldline plunges

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European shares steady on mixed earnings; Worldline plunges

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, October 24, 2023. REUTERS/Staff Acquire Licensing Rights STOXX 600 flat Deutsche Bank gains on Q3 revenue beat Kering slumps on weak sales, drags peers Worldline at bottom of STOXX 600 after FY target cut Oct 25 (Reuters) – European … Read more

UAW expands strike against Stellantis, hitting pickup truck plant

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UAW expands strike against Stellantis, hitting pickup truck plant

[1/2]United Auto Workers president Shawn Fain meets with striking UAW members from the General Motors Lansing Delta Plant, as they picket in Delta Township, Michigan U.S. September 29, 2023. REUTERS/Rebecca Cook/File Photo Acquire Licensing Rights WASHINGTON/DETROIT, Oct 23 – The United Auto Workers (UAW) union went on strike at Chrysler-parent Stellantis’s largest assembly plant on … Read more

Korean Air to offer to sell Asiana’s cargo business, routes to satisfy EU regulators -sources

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Korean Air to offer to sell Asiana’s cargo business, routes to satisfy EU regulators -sources

The logo of Korean Airlines is seen on a B787-9 plane at its aviation shed in Incheon, South Korea, February 27, 2017. REUTERS/Kim Hong-Ji/File Photo Acquire Licensing Rights BRUSSELS, Oct 17 (Reuters) – South Korea’s biggest carrier, Korean Air Lines (003490.KS), will offer to sell Asiana Airlines’ (020560.KS) air cargo business and divest routes to … Read more

Microsoft closes $69 billion Activision deal after Britain’s nod

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Microsoft closes $69 billion Activision deal after Britain’s nod

Biggest-ever gaming deal closes after UK approval UK regulator CMA had blocked the acquisition in April Microsoft agreed to sell streaming rights to win approval CMA says ‘sticking to its guns’ pays off for gamers LONDON, Oct 13 (Reuters) – Xbox maker Microsoft (MSFT.O) closed its $69 billion deal for Activision Blizzard (ATVI.O) on Friday, … Read more

Dollar, yields rise, stocks fall after US consumer price data

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Dollar, yields rise, stocks fall after US consumer price data

[1/3]Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 28, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing Rights U.S. stocks end lower as yields rise Dollar index jumps; U.S. oil prices down Middle East troubles remain in focus NEW YORK, Oct 12 (Reuters) – U.S. Treasury yields … Read more

Germany’s Birkenstock set for US listing after $1.5 bln IPO

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Germany’s Birkenstock set for US listing after $1.5 bln IPO

A pair of shoes is pictured in a window of a Birkenstock footwear store in Berlin, Germany, January 21, 2021. REUTERS/Fabrizio Bensch/File Photo Acquire Licensing Rights Oct 11 (Reuters) – LVMH-backed Birkenstock (BIRK.N) was set to list its shares on the New York Stock Exchange on Wednesday after the German luxury sandal maker notched a … Read more

LVMH sales growth loses fizz as post-pandemic splurge wanes

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LVMH sales growth loses fizz as post-pandemic splurge wanes

People walk past the Louis Vuitton store at Miami Design District, in Miami, Florida, U.S. November 30, 2021. REUTERS/Marco Bello Acquire Licensing Rights PARIS, Oct 10 (Reuters) – Luxury goods bellwether LVMH (LVMH.PA) reported a 9% rise in third quarter revenue on Tuesday, marking slower growth as a strong wave of post-pandemic spending eases due … Read more