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Lufthansa ground staff start walkout in Germany in pay dispute

BERLIN (Reuters) – Ground staff of Deutsche Lufthansa (ETR:LHAG) went on a strike early on Wednesday, prompting the cancellation of more than 1,000 flights and adding to travel disruptions during.

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Mercedes-Benz raises outlook after higher Q2 earnings

BERLIN (Reuters) – Mercedes-Benz expects a significant rise in revenues and slightly higher earnings in 2022 than last year, raising its outlook as the firm reported on Wednesday an 8%.

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Silk-FAW confirms plan to build electric sports cars in Italy

MILAN (Reuters) – Silk-FAW, a start-up between U.S. automotive engineering and design firm Silk EV and Chinese automaker FAW, said on Monday it would press ahead with a one-billion euro.

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Biden to hold virtual meeting with CEOs on chips legislation

WASHINGTON (Reuters) – President Joe Biden will meet virtually on Monday with the chief executives of Lockheed Martin Corp (NYSE:LMT), Medtronic (NYSE:MDT) PLC and Cummins Inc (NYSE:CMI) along with labor leaders as part of the administration’s.

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Nasdaq falls with U.S. dollar, oil rises ahead of Fed meeting

By Sinéad Carew NEW YORK (Reuters) – U.S. equities were choppy on Monday with Nasdaq in decline ahead of a big week of technology earnings reports while oil prices rose.

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UniCredit Italy private banking head exits as business reorganised

MILAN (Reuters) -UniCredit is further overhauling its structure under CEO Andrea Orcel, an internal memo showed on Monday, in changes that include the departure of Stefano Vecchi, head of the.

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Volkswagen investors question plan for CEO to lead Porsche listing

By Victoria Waldersee and Ilona Wissenbach BERLIN/FRANKFURT (Reuters) -Volkswagen investors believe incoming CEO Oliver Blume will struggle to lead both the Volkswagen (ETR:VOWG_p) Group and Porsche – and to pull.

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U.S. settles claims against poultry producers over worker treatment

WASHINGTON (Reuters) -Three of the largest U.S. poultry processors have agreed to settle claims by the U.S. Justice Department over their alleged longstanding effort to share information about workers in.

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Asian stocks slip with bond yields on recession fears before Fed

By Kevin Buckland TOKYO (Reuters) – Asian stocks lost ground on Monday, retreating from over three-week highs as worries about a global economic downturn sapped investors’ risk appetite. Bond yields.

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Kuehne + Nagel’s quarterly earnings rise despite volatile supply chains

(Reuters) – Swiss logistics group Kuehne & Nagel International on Monday reported a 79% rise in its second-quarter net profit, citing growth in all business units despite volatile supply chains..

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