ZURICH (Reuters) – Temenos lost a fifth of its value on Friday after the Swiss banking software group ditched its full-year guidance and reported a steep fall in third-quarter profit. The share plunge in early trading wiped 900 million Swiss francs ($9…
Enter Boeing, as Airbus and Qatar resume court battle
By Tim Hepher LONDON (Reuters) – Airbus and Qatar Airways fought in court in front of Boeing on Friday as a dispute over damage to A350 jets descended into a tug-of-war over confidential documents while the sums at stake in their unprecedented falling …
European shares gain but uncertainty over UK’s fiscal plan weighs
By Devik Jain and Amruta Khandekar (Reuters) -European shares gained on Friday marking an upbeat end to the week, helped by an initial boost after the British government’s turnaround on tax cuts, but this faded due to continued uncertainty about its fi…
UK makeup group Revolution Beauty’s top bosses to temporarily step down
(Reuters) – British makeup group Revolution Beauty said on Friday Executive Chairman Tom Allsworth and Chief Executive Officer Adam Minto will step away from day-to-day management temporarily to allow them to support an independent accounting probe. Th…
Athletics-Ujah will be considered for selection after doping ban – UK Athletics director
(Reuters) – UK Athletics technical director Stephen Maguire said Chijindu Ujah will be considered for selection after his 22-month doping ban expires but added that it would be hard for the sprinter to return to Britain’s 4x100m team. Ujah was provisio…
Ukrainians brace for blackouts, hard winter after Russia pummels power grid
By Stefaniia Bern and Max Hunder KYIV (Reuters) – Liubov Palii was sitting at her computer when the lights went off in her one-bedroom apartment after Russian strikes pummelled Ukraine’s energy network. She started to play with her four-month-old baby …
Swiss National Bank makes another large draw on Fed swap line
(Reuters) – The Swiss National Bank this week drew nearly $6.3 billion from the U.S. Federal Reserve’s currency swap line facility, roughly double the amount drawn a week earlier, New York Fed data released on Thursday showed. The SNB on Wednesday drew…
Stellantis unit to pay $5.6 million to resolve California emissions probe
By David Shepardson WASHINGTON (Reuters) -Stellantis unit FCA US will pay $5.6 million to resolve a California investigation into violations of air quality regulations, the state said on Thursday. The California Air Resources Board (CARB) said the 30,6…
U.S. Supreme Court rebuffs Novartis, allows generic versions of MS drug
By Blake Brittain WASHINGTON (Reuters) -The U.S. Supreme Court on Thursday turned down Novartis’ bid to block the launch of generic versions of the company’s blockbuster multiple sclerosis drug Gilenya in a dispute with China’s HEC Pharm Co Ltd and oth…
Iberdrola explores sale of wind assets in Romania, Hungary -sources
By Andres Gonzalez LONDON (Reuters) – Spanish power company Iberdrola is looking to sell its onshore wind farms in Romania and Hungary as part of a strategy to raise cash to fund more lucrative renewable energy projects, two sources told Reuters. The s…