By Christoph Steitz and Tom Käckenhoff FRANKFURT (Reuters) -Thyssenkrupp said on Monday its chief executive Martina Merz, who launched a major overhaul of the German industrial conglomerate, is leavin[...]
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April 24, 2023
Tesla raises 2023 spending forecast as it races to ramp up output
(Reuters) – Tesla Inc raised its capital expenditure forecast for 2023 on Monday as the automaker ramps up output at its factories to take advantage of the rising interest in electric vehicles.[...]
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Boeing investors seek answers after latest 737 production glitch
By Valerie Insinna WASHINGTON (Reuters) – Boeing Co is expected to reveal whether the latest 737 MAX manufacturing problem will derail the U.S. plane maker’s annual goals for passenger jet deliv[...]
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Walt Disney Co to begin second wave of layoffs, cutting several thousand jobs – sources
By Dawn Chmielewski (Reuters) -Walt Disney Co will begin a second wave of layoffs on Monday involving thousands of jobs, as part of efforts to eliminate 7,000 positions and save $5.5 billion in costs,[...]
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Valentino sales up 10% in 2022 boosted by directly-owned shops
MILAN (Reuters) – Italian fashion house Valentino reported on Monday an 18% rise in core profit for 2022 as sales rose 10% at constant currencies, boosted by its directly operated shops and defy[...]
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Strikes ground flights at German airports, railway walkouts to follow
BERLIN (Reuters) -Industrial action grounded dozens of flights at two major German airports on Monday as security workers and ground services employees in the capital, Berlin, and in Hamburg held a on[...]
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Brazil woos sceptical foreign investors with new fiscal plan
By Libby George LONDON (Reuters) -Brazil’s business and political leaders are pressing the case in Europe for investment in the Latin American oil producer as they seek to quell concerns over le[...]
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Subway sales rose 12.1% in first quarter as stores remodeled
By Hilary Russ NEW YORK (Reuters) – The sandwich chain Subway said on Monday that its global comparable sales were 12.1% higher in the first quarter and that guest visits rose, driven in part by[...]
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Chile’s lithium nationalization shines light on emerging tech
By Ernest Scheyder SANTIAGO (Reuters) -Chilean President Gabriel Boric’s plan to nationalize his country’s immense lithium industry is putting the spotlight on an emerging crop of filtrati[...]
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