Advertisements


We are Sorry, This Page doesn't Exist


Spotify enjoys a virus-crisis surge in streaming

Music streaming service Spotify has enjoyed a virus-crisis boost, with subscribers surging to 130 million and revenue increasing by 22 percent to 1.85 billion euros. Joe Davies reports......»»

Category: videoSource: reutersApr 29th, 2020

Deutsche Bank sets aside $280M to deal with the impact of coronavirus

The German lender set aside 260 million euros ($282 million) to deal with potential loan losses as a result of the coronavirus crisis, as the bank as it reported its first-quarter results in full......»»

Category: topSource: moneycentralApr 29th, 2020

Airbus first-quarter core profit plunges 49% as coronavirus crisis starts to bite

Planemaker Airbus on Wednesday posted a 49% slump in first-quarter adjusted operating profit to 281 million euros ($304.7 million) as revenue dropped 15% to 10.631 billion euros amid the "gravest crisis the aerospace industry has ever known"......»»

Category: topSource: reutersApr 29th, 2020

Virus-hit Madame Tussauds owner seeks 500 million euros in bond sale

The firm behind Madame Tussauds and Legoland parks is looking to raise 500 million euros ($540 million) in a bond sale, offering a high interest rate to try to secure funds to tide it over while most of its venues are closed in the coronavirus pandemic......»»

Category: topSource: reutersApr 24th, 2020

Renault seeks state-backed loan as coronavirus crisis drags on

Renault is in talks with the French government to secure a state-backed loan worth several billion euros by mid-May to shore up its liquidity during the coronavirus pandemic, the French carmaker said on Thursday......»»

Category: topSource: reutersApr 23rd, 2020

Australia"s Treasury Wine, to cope with virus, weighs Penfolds demerger, U.S. cutback

Australia's Treasury Wine Estates Ltd said it may spin off the prestigious Penfolds label and shrink its low-end "commercial" division in the United States as it seeks ways to grow profit amid upheaval brought by the coronavirus crisis......»»

Category: topSource: reutersApr 8th, 2020

France"s ADP loses 3 million euros a day in sales due to coronavirus - CEO

French airports operator ADP is losing more than 3 million euros ($3.25 million) in sales a day due to the coronavirus crisis, Chief Executive Augustin de Romanet said on Tuesday......»»

Category: topSource: reutersApr 7th, 2020

Apple launches $150 million affordable housing loan fund and seeks projects to support

Apple rolled out the first new initiative in its $2.5 billion pledge to address the Bay Area’s housing crisis, donating $150 million to Housing Trust Silicon Valley to create an affordable housing development fund. Apple's Affordable Housing Fun.....»»

Category: topSource: bizjournalsMar 2nd, 2020

Volkswagen seeks damages from Prevent in ongoing legal dispute

Volkswagen is seeking more than 100 million euros ($112 million) in damages from former supplier Prevent, it said on Tuesday, adding it had filed a first claim for one of its subsidiaries......»»

Category: topSource: reutersJan 7th, 2020

Former AIG executive wins case over $9 million crisis-era bonus

A former American International Group senior trader won his bid for 8.3 million euros ($9.2 million) in bonuses awarded in a dispute at France’s highest court that dates back to the financial crisis... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkNov 8th, 2019

Ryanair"s O"Leary wins bonus approval as pilots face axe

Ryanair's Chief Executive Michael O'Leary narrowly secured approval from shareholders on Thursday for a bonus scheme that could earn him 100 million euros over five years as he revealed up to 700 pilots could lose their jobs......»»

Category: topSource: reutersSep 19th, 2019

Ryanair plans 500-700 job cuts as O"Leary bags bonus

Ryanair's Chief Executive Michael O'Leary said he plans to cut 500-700 jobs at the airline as shareholders narrowly approved a bonus scheme on Thursday that could earn him around 100 million euros ($111 million) over five years......»»

Category: topSource: reutersSep 19th, 2019

Ryanair AGM narrowly approves bonus plan for CEO O"Leary

Ryanair shareholders narrowly approved a bonus scheme for Chief Executive Michael O'Leary on Thursday that could earn him around 100 million euros ($111 million) over five years......»»

Category: topSource: reutersSep 19th, 2019

Fiat bets on electric "500" as it moves on from Renault

Fiat Chrysler (FCA) plans to invest 700 million euros ($788 million) in an electric makeover of its iconic Fiat 500, a top executive said on Thursday, as the automaker seeks to move on from its failed bid to merge with France's Renault ......»»

Category: topSource: reutersJul 11th, 2019

Exclusive: HNA-linked Hong Kong Airlines seeks $255 million from backers to keep license

Hong Kong Airlines shareholders have demanded to see 2018 accounts before considering providing at least HK$2 billion ($255 million) needed to ensure the carrier - part owned by the indebted HNA Group - keeps its license, two sources said......»»

Category: topSource: reutersApr 12th, 2019

Exclusive: HNA-linked Hong Kong Airlines seeks $255 million from backers to keep license - sources

Hong Kong Airlines shareholders have demanded to see 2018 accounts before considering providing at least HK$2 billion ($255 million) needed to ensure the carrier - part owned by the indebted HNA Group - keeps its license, two sources said......»»

Category: topSource: reutersApr 12th, 2019

Millionaire bankers on the rise in Europe in decade after crisis

FRANKFURT (Reuters) - Financiers in Europe earning more than 1 million euros ($1.23 million) rose by a third in the six years to 2016 to 4,597, with investment bankers and London dominant, data showed on Tuesday......»»

Category: topSource: reutersApr 10th, 2018

German court orders Volkswagen to pay MAN minorities 300 million euros

MUNICH (Reuters) - A German court has ordered auto maker Volkswagen AG's truck unit to pay 300 million euros ($350 million) to shareholders in MAN SE , ending a long-running court battle over its buyout offer......»»

Category: topSource: reutersJun 29th, 2018

Canadian gold mine owner seeks damages from Greece

Canadian gold mining firm Eldorado Gold is seeking 750 million euros ($875 million) in damages from the Greek state over delays in permits for mining work in the north of the country......»»

Category: topSource: foxnewsSep 18th, 2018

German court orders top VW investor to pay damages for disclosure violations

A German court on Wednesday ordered Porsche Automobil Holding SE to pay shareholders 47.2 million euros ($53.8 million) in compensation for violating disclosure rules over an emissions scandal at its main investment Volkswagen ......»»

Category: topSource: reutersOct 24th, 2018