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February 19, 2020
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Reuters - Business

Exclusive: Vodafone, Telecom Italia offer rivals access to some sites to ease EU concerns – EU paper

Reuters
FILE PHOTO: Different types of 4G, 5G and data radio relay antennas for mobile phone networks are pictured on a relay mast operated by Vodafone in Berlin, Germany, April 8, 2019. REUTERS/Fabrizio Bensch/File Photo BRUSSELS (Reuters) – Vodafone and Telekom Italia have offered to allow rivals access to sites in......
Reuters - Business

Exclusive: Italian government leaning towards third term for Eni CEO – sources

Reuters
ROME/MILAN (Reuters) – The Italian government is leaning toward reappointing Claudio Descalzi as CEO of state-controlled oil firm Eni, provided he will work with a new board to speed up efforts to cut carbon emissions, four senior political sources told Reuters. FILE PHOTO: Claudio Descalzi, CEO of Italian energy company......
Reuters - Business

Exclusive: Jet buyers back Boeing-Embraer deal as Airbus expands reach

Reuters
SINGAPORE (Reuters) – Some of the world’s biggest aircraft buyers are urging the European Union to clear Boeing’s tie-up with Embraer, fearing Embraer’s commercial aviation business would struggle on its own now Airbus has swallowed its main competitor in regional jets. FILE PHOTO: An Embraer E-190 E2 aircraft featuring a......
Reuters - Business

Exclusive: Thyssenkrupp-Kone elevator merger would trigger legal war – Schindler

Reuters
FRANKFURT/DUESSELDORF, Germany (Reuters) – Swiss elevator maker Schindler (SCHP.S) would embark on an all-out antitrust offensive in the courts to stall any deal to combine Thyssenkrupp’s (TKAG.DE) lift division with rival Kone (KNEBV.HE), board member Alfred Schindler told Reuters. FILE PHOTO: Thyssenkrupp’s elevator test tower is pictured in Rottweil, Germany,......
Reuters - Business

U.S. FAA agrees it must boost safety oversight for Southwest Airlines

Reuters
(Reuters) – The U.S. Federal Aviation Administration says it should have done a better job of ensuring Southwest Airlines Co had certified completion of maintenance on 88 used Boeing 737 jets, as noted in a report by the U.S. Transportation Department’s Inspector General released on Tuesday. FILE PHOTO: A traveler......
Reuters - Business

Exclusive: U.S. FAA agrees it must boost safety oversight for Southwest Airlines – report

Reuters
(Reuters) – The U.S. Federal Aviation Administration says it should have done a better job of ensuring Southwest Airlines Co had certified completion of maintenance on 88 used Boeing 737 jets, as noted in a report by the U.S. Transportation Department’s Inspector General seen by Reuters ahead of its release.......
Reuters - Business

Exclusive: Germany’s Volkswagen and Daimler push for more ‘sustainable’ Chile lithium

Reuters
SANTIAGO (Reuters) – German automakers Volkswagen (VOWG_p.DE) and Daimler (DAIGn.DE) have launched a study to push for more “sustainable” lithium mining in Chile, according to lobbyist filings reviewed by Reuters, a sign of growing supply chain concerns ahead of an expected electric vehicle boom. Chile’s Atacama salt flat is by......
Reuters - Business

Exclusive: Argentina’s Aerolineas to add new flights to New York and Madrid – chairman

Reuters
A policewoman stands in front of the counter of Argentina’s flagship air carrier Aerolineas Argentinas at Buenos Aires airport, Argentina October 31, 2017. REUTERS/Marcos Brindicci BUENOS AIRES (Reuters) – Aerolineas Argentinas will add new flights to New York and Madrid as the government-controlled carrier seeks to ramp up sales outside......
Reuters - Business

Exclusive: Hundreds of Chinese businesses seek billions in loans to contend with coronavirus – sources

Reuters
BEIJING (Reuters) – More than 300 Chinese companies are seeking bank loans totaling at least 57.4 billion yuan ($8.2 billion) to help to soften the impact of the coronavirus outbreak, two banking sources said. Customers wearing face masks shop inside a supermarket following an outbreak of the novel coronavirus in......
Reuters - Business

Exclusive: Top lithium miner seeks to monitor water scarcity in parched Chile salt flat

Reuters
SANTIAGO (Reuters) – With residents and courts ringing the alarm about depleted water supplies in Chile’s Atacama salt flat, the world’s top lithium miner Albemarle (ALB.N) quietly filed a proposal in December for a network to monitor flows beneath the parched desert floor. Ellen Lenny-Pessagno, Country Manager of Albemarle Corporation,......
Reuters - Business

Exclusive: South Africa seeks to unlock stalled arms sales to Saudi, UAE

Reuters
JOHANNESBURG (Reuters) – South Africa aims to free up over a billion dollars in stalled weapons sales, including to Saudi Arabia and United Arab Emirates, by amending a document at the heart of an export row, a senior arms control official told Reuters. FILE PHOTO: A Denel company logo is......
Reuters - Business

Exclusive: Fearing Huawei curbs, Deutsche Telekom tells Nokia to shape up

Reuters
BERLIN (Reuters) – Deutsche Telekom has told supplier Nokia it must improve its products and service to win business installing the German group’s 5G wireless networks in Europe, according to internal documents and a source with direct knowledge of the matter. FILE PHOTO: Signal strength of Deutsche Telekom 5G is......
Reuters - Business

Exclusive: China’s mobile giants to take on Google’s Play store – sources

Reuters
SHENZHEN, China (Reuters) – China’s Xiaomi (1810.HK), Huawei Technologies, Oppo and Vivo are joining forces to create a platform for developers outside China to upload apps onto all of their app stores simultaneously, in a move analysts say is meant to challenge the dominance of Google’s Play store. FILE PHOTO:......
Reuters - Business

Exclusive: HSBC to axe senior managers in strategy shift – sources

Reuters
HONG KONG/LONDON (Reuters) – HSBC (HSBA.L) is set to unveil a new round of job cuts targeting senior international managers and reduce its presence in some smaller markets as part of a wider strategy overhaul, people with knowledge of the matter told Reuters. FILE PHOTO: HSBC logo is seen on......
Reuters - Business

Credit Suisse revisits ex-U.S. employee’s spying claim

Reuters
NEW YORK/FRANKFURT (Reuters) – Lawyers for Credit Suisse (CSGN.S) last week re-interviewed a former bank executive who said the Swiss lender had her followed in New York, according to a person familiar with the matter, weeks after the company dismissed her allegation as baseless. FILE PHOTO: The logo of Swiss......
Reuters - Business

Exclusive: iPhone app makers questioned in U.S. antitrust probe of Apple – sources

Reuters
WASHINGTON (Reuters) – The U.S. Justice Department has reached out to app developers as part of its investigation into Apple Inc (AAPL.O), one of the four big tech companies being probed for alleged anti-competitive behavior, according one of the developers and another person familiar with the investigation. FILE PHOTO: People......
Reuters - Business

Exclusive: First Petrobras employee flips in Brazil commodity traders probe

Reuters
RIO DE JANEIRO/HOUSTON (Reuters) – A former trader at oil firm Petrobras has signed a plea bargain agreement with Brazilian prosecutors investigating bribery allegations, defense lawyers and prosecutors said, a potential breakthrough in a case involving some of the world’s top commodity trading houses. FILE PHOTO: People walk in front......
Reuters - Business

Exclusive: As virus fallout widens, China readies more measures to stabilize economy – sources

Reuters
BEIJING (Reuters) – Chinese policymakers are readying measures to support an economy jolted by a coronavirus outbreak that is expected to have a devastating impact on first-quarter growth, policy sources said. FILE PHOTO: Security personnel wearing masks cross a road at the Financial Street in central Beijing, China, as the......
Reuters - Business

Exclusive: EssilorLuxottica’s €7.2 billion euro Dutch deal faces EU probe – sources

Reuters
FILE PHOTO: The Luxottica name is reflected in a pair of sunglasses in this photo illustration taken in Rome, February 4, 2016. REUTERS/Alessandro Bianchi BRUSSELS (Reuters) – EssilorLuxottica’s (ESLX.PA) 7.2 billion euro ($8 billion) bid for Dutch opticians group GrandVision (GVNV.AS) will face a full-scale EU antitrust investigation after the......

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