EU antitrust rules should be beefed up to allow regulators to break up companies for serious breaches, German State Secretary Sven Giegold said on Wednesday, urging EU competition chief Margrethe Vestager to consider this when reforming regulations.
Uber Technologies Inc on Wednesday said it had no need to boost incentives further to lure more drivers and forecast a strong second quarter, a day after rival Lyft said it needed to spend more for labor in the coming months.
Hungarian low-cost airline Wizz Air on Wednesday lost its court challenge against 36.66 million euros ($38.60 million) of rescue aid Romanian carrier TAROM received during the COVID-19 pandemic which was cleared by EU competition regulators.
German healthcare group Fresenius's first-quarter profit exceeded market expectations on Wednesday, driven by growth in its generic infusion drugs unit in emerging markets.
Barrick Gold Corp, on Wednesday doubled its quarterly dividend after beating Wall Street estimates for profit on the back of higher gold and copper prices.
EU targets Russian oil, patriarch in new sanctions
Electric vehicle battery startup Group14 has raised $400 million from a group of investors led by Germany's Porsche, the firm said on Wednesday.
Ukrainian supporters rally behind embattled Azov regiment
Inflation prompts surprise India interest rate hike
HSBC and Ping An executives plan to meet in mid-May to discuss the Chinese insurer's proposal that the bank should explore strategic options such as spinning off its Asian business, a source familiar with the matter said on Wednesday.
The dollar index pulled further away from 20-year highs on Wednesday, having already priced the U.S.
The dollar fell against a basket of currencies on Wednesday ahead of the outcome of a Federal Reserve meeting, as investors evaluated how much expected U.S.
The dollar fell in volatile trading against a basket of currencies on Wednesday after the Federal Reserve raised its benchmark overnight interest rate by half a percentage point, the biggest jump in 22 years.
Global stocks were little changed on Wednesday as investors kept their powder dry ahead of an expected interest rate hike by the U.S.
Hungary and Slovakia will be able to continue buying Russian crude oil until the end of 2023 under existing contracts, an EU source told Reuters on Wednesday, benefitting from exemptions from an oil embargo proposed by the European Commission.
Social media threatening press freedom: Nobel laureate
OPEC+ agreed on Thursday to another modest monthly oil output increase, arguing that the producer group could not be blamed for disruptions to Russian supply and saying China's coronavirus lockdowns threatened the outlook for demand.
OPEC+ is set to agree another small increase in production targets for June, delegates from the group say, as expectations that sanctions will crimp Russian output further counter demand growth concerns from Chinese lockdowns.
Airbus on Wednesday confirmed a delay in development of its A321XLR jet to early 2024 in what industry sources described as a move by regulators to tighten rules to prevent fire risks.
Airbus faces a delay of several months in the introduction of its A321XLR jetliner, pushing its start date out to 2024, as European regulators consider imposing changes to a lower-fuselage design to contain potential fire risks, industry sources said on Wednesday.
Airbus is delaying development of its A321XLR jet by several months, pushing its arrival to 2024, as regulators tighten the rules to prevent fire risks, industry sources said.
Airbus faces a months-long delay in the development of its A321XLR jet, pushing its arrival to 2024, as European regulators consider imposing changes to a lower-fuselage design to contain potential fire risks, industry sources said on Wednesday.
European stocks dropped on Wednesday, weighed by disappointing earnings and investor jitters ahead of a policy decision by the U.S.
Volkswagen trains sights on US as profits jump
Maersk has found possible buyers for its stake in Global Ports Investments, which operates ports in Russia as it withdraws from the country following a final cargo shipment this week, the Danish shipping group said on Wednesday.
British online fashion retailer Boohoo warned sales growth would slow this year, hit by a squeeze on consumer spending, higher product return rates and continuing supply chain and delivery problems, sending its battered shares even lower on Wednesday.
Britain's accounting watchdog has opened four investigations into audits by King & King of steel and aluminium companies owned by metals tycoon Sanjeev Gupta's GFG Alliance, it said on Wednesday.
Jewellery maker Pandora warned on Wednesday that higher inflation and the Ukraine war posed increased uncertainty for its full-year earnings, despite reporting record first-quarter revenue and raising its sales outlook slightly.
Volkswagen, Europe's top carmaker, on Wednesday stuck to its outlook for 2022, shrugging off supply chain disruptions caused by the war in Ukraine and the pandemic by drawing on its global production network.
Volkswagen, Europe's top carmaker, on Wednesday stuck to its outlook for the current year after its global production network helped it offset supply chain disruptions caused by the war in Ukraine and the coronavirus pandemic.
