PARIS (Reuters) -Air France said on Thursday it did not expect any disruption to its flight schedule after minority pilot union Alter called for a strike on June 25 at Air France and its low-cost unit Transavia. “Since mid-2021, pilot hiring resumed by…
Porsche to pay $80 million to resolve fuel economy claims on U.S. vehicles
By David Shepardson (Reuters) -Volkswagen AG and its Porsche AG unit have agreed to a class-action settlement worth at least $80 million to resolve claims it skewed emissions and fuel economy data on 500,000 Porsche vehicles in the United States, court…
Growth woes after Swiss, UK rate hikes drag European shares to 16-month lows
By Sruthi Shankar and Bansari Mayur Kamdar (Reuters) – European stocks tumbled to their lowest levels in 16 months on Thursday after policy tightening in Britain and Switzerland fuelled fresh worries about the impact of inflation on the global economy….
‘Never say never’: Boeing open to GE-Safran’s new engine concept
By Eric M. Johnson SEATTLE (Reuters) – Boeing Co could embrace new engine technology for its next new airplane program, vital to fending off arch-rival Airbus SE in a lucrative slice of the air travel market. The U.S. planemaker has not publicly endors…
Analysis: Why us? Italy seeks way out of low-wage economy trap
By Gavin Jones ROME (Reuters) – Diana Parini left her waitressing job at an Italian Alpine resort last month because she was fed up with the pay and conditions: eight euros per hour, of which six were paid cash-in-hand with no welfare or pension contri…
Latest Finland reactor delay raises winter power supply concerns
OSLO (Reuters) – Another two-month delay at Finland’s Olkiluoto 3 nuclear reactor, which was originally due to start operations in 2009, poses a risk to power supply this winter in the absence of Russian imports, grid operator Fingrid said on Thursday….
Russian gas flows to Europe fall, hindering bid to refill stores
By Nina Chestney LONDON (Reuters) -Russian gas supply to Europe via the Nord Stream 1 pipeline fell further on Thursday and Moscow said more delays in repairs could lead to suspending all flows, putting a brake on Europe’s race to refill its gas invent…
Russia bans 121 Australians including journalists and defence figures
(Reuters) -Russia said on Thursday that it had banned 121 Australian citizens, including top journalists and defence officials, from entering, accusing them of being part of a “Russophobic agenda”. Among the sanctioned individuals were journalists from…
Oil prices fall after rate hikes, but tight supply still in focus
By Shadia Nasralla LONDON (Reuters) -Oil prices erased early gains to fall to two-week lows on Thursday on the back of inflation concerns highlighted by interest rate hikes in the United States, Britain and Switzerland, though tight oil supply limited …
EU leaders visit Ukraine after criticism, offer EU hope
By Natalia Zinets and Simon Lewis KYIV/IRPIN, Ukraine (Reuters) – The leaders of Germany, France and Italy, all criticised in the past by Kyiv for support viewed as too cautious, visited Ukraine on Thursday and offered the hope of EU membership to a co…