Western Europe

In 2025, Germany will face major labour disputes as the bond between employers and employees, which was long regarded as the cornerstone of the country's success, is beginning to crumble in the face of fierce competition, economic weakness, and spiralling costs. The union bosses of industrial giants Bosch Thyssenkrupp Friedrichshafen, Volkswagen and Thyssenkrupp ZF Friedrichshafen - who collectively represent more than 500,000 German workers – say that companies are showing an increased level of commitment to cutting jobs, closing factories, and moving staff overseas. According to interviews conducted with more than a dozen labour representatives, politicians and executives in Germany,...

Spanish online travel reserving company eDreams ODIGEO on Friday said it anticipates its core earnings to almost double by 2026 as it keeps adding more paying subscribers to its premium service. The company anticipates its money revenues before interest, taxes, depreciation and amortization to increase to in between 215 million euros ($ 223.69 million) and 220 million euros in the fiscal year ending on March 31, 2026, it said in a discussion to financiers, up from 121 million euros in the period ending in March 2024. While memberships are common in other markets, such as music, tv and telecoms, eDreams...

An examination into a fire that engulfed an Air Busan plane at a South Korean airport today is being slowed by a big amount of fuel and oxygen still on board, an air crash investigation authorities told Reuters. Authorities on Friday carried out a risk management evaluation ahead of a full examination of the burned-out Airbus A321ceo plane which stays on the tarmac at Gimhae International Airport in the southern city of Busan. The fire, which started around 10:15 p.m. (1315 GMT) on Tuesday as the jet was preparing for departure to Hong Kong, was initially identified by a flight...

An American Airlines regional traveler jet was associated with a midair collision on Wednesday night with a U.S. Army Black Hawk helicopter near Reagan Washington National Airport, authorities said. Senator Ted Cruz of Texas stated on social networks that we know there are casualties, though he did not say how many. These are the last 11 fatal airline crashes to occur in the U.S., according to information from the U.S. National Transport Board and the Flight Safety Structure's Aviation Security Network: 2013. An Asiana Airlines aircraft crashed at 2009 A Colgan Air turboprop crashed on technique to landing in. Buffalo,...

Belgian airspace has actually been closed due to the fact that of a technical issue at air traffic controller Skeyes, Brussels airport said on Thursday. Due to a technical issue at air traffic control, no air traffic is presently possible in Belgium. We have no concept yet the length of time this will last, it said on social media platform X. A Skeyes spokesperson informed local news broadcaster VRT that it ended up being clear at about 3 p.m. regional time that the air traffic control system utilized to handle Belgian airspace was not. working properly. He added that all...

Mike Dolan gives us a look at what the U.S. market and global markets will be like today. With Federal Reserve policy likely to be paused until next year and megacaps delivering mixed results, overnight stock markets were calm as they shifted their attention towards European interest rates and an assessment of U.S. GDP for the fourth quarter. Microsoft's and Meta's quarterly results after the bell Wednesday attracted different reactions. China's DeepSeek disclosure this week has thrown the artificial intelligence topic into flux more generally. Microsoft shares fell 4% overnight due to their heavy AI spending, which was defended by...

The following are the leading stories on the business pages of British papers. Reuters has not verified these stories and does not attest their accuracy. The Times - Ryanair Chief Executive Michael O'Leary has actually stated that he anticipates U.S. President Donald Trump's administration will be far more encouraging of the hoped-for healing at Boeing than the previous administration. - British automotive parts provider Dowlais has become the current British public business to attract interest from a U.S. peer American Axle after agreeing on an offer that values the group at 1.2 billion pounds ($ 1.49 billion). The Guardian -...

Lufthansa has actually consented to get a 10% stake in IPObound Latvian airline company airBaltic, the German airline stated on Wednesday, its newest transfer to expand its European existence. The German flag carrier has actually recently brought a 41% stake in Italian state-owned airline company ITA and Reuters reported on Tuesday that it is in separate speak to acquire a minority stake in Spain's Air Europa. Wednesday's deal comes ahead of airBaltic's strategies to list on bourses in early 2026. In September in 2015, Reuters had actually reported that Lufthansa is thinking about taking a stake in airBaltic ahead of...

Ryanair is confident that Boeing will ramp up its production of 737 MAX jets to 38 monthly this summertime and will be allowed by U.S. President Donald Trump's administration to then increase that to 42, the airline company's CEO said on Wednesday. Michael O'Leary, whose airline company is among the largest customers of the 737 MAX, was speaking after meetings with Boeing management in Seattle previously this month. He said Ryanair expects to take shipment of the last 29 of its present 737 MAX order between August and November this year. In quarterly outcomes on Monday he said they would...

Ryanair Chief Executive Michael O'Leary said Britain needs to concentrate on adding capacity at airports aside from London's Heathrow and decreasing guest taxes as he set out plans to deploy an extra 100 airplane in the UK in the next 8 years. British finance minister Rachel Reeves has actually simply provided the government's backing to a long-delayed brand-new runway at Heathrow Airport as part of her plan to revitalise the country's slow economy. O'Leary stated on Wednesday he did not expect Heathrow's third runway to be developed at any time soon. You could grow today in Manchester or Birmingham. You...

Plane signified a. prospective brand-new charge in its distressed Area company on Tuesday,. stating it would upgrade financiers on a longrunning status review. of a significant satellite programme throughout annual outcomes on Feb. 20. In a webcast to experts, the European aerospace group did. not provide information of the planned update however stated it was. advancing in its more than year-old technical evaluation. Jet has already soaked up 1.6 billion euros ($ 1.67. billion) of charges for its Space organization, which industry. sources have connected generally to the enthusiastic OneSat programme of. reprogrammable satellites, with more arrangements expected. Heavy internal...

JetBlue Airways shares plunged 28% on Tuesday after the New Yorkbased provider projection lowerthanexpected system revenue and higher expenses in the present quarter. The business, nevertheless, said it expects improvements in its performance in subsequent quarters and sees an adjusted running margin in the range of 0.0% to 1% in 2025. Analysts at Raymond James stated the projection suggested a. loss of 75 cents a share for the year. That compares with. experts' average expectations for a loss of 58 cents a share,. according to information put together by LSEG. JetBlue's shares were down 28% at $5.82 in afternoon trade....

The following are the top stories on the business pages of British papers. Reuters has not validated these stories and does not attest their precision. The Times - British home improvement seller Homebase collapsed into administration owing more than 650 million pounds ($ 806.98. million) to unsecured financial institutions including the retailers AO World. , Halfords and the Hut, it has been. disclosed. - British health secretary Wes Streeting has deserted. pledges on ladies's health and dementia as he halved the number. of NHS targets in a drive to end a culture of overspending. The Guardian - Britain's Royal Mail...

United Parcel Service on Thursday anticipated 2025 income below expectations as the parcel delivery huge works to lower direct exposure to its largest consumer, Amazon, and as other consumers go with more affordable, slower groundbased deliveries. UPS' shares fell 5% before the bell after the company said it had reached a contract with Amazon-- without naming the firm however referring to it as its largest consumer-- to cut volumes it transports with UPS by more than 50% by the 2nd half of next year. The move comes as Amazon has also been reducing its reliance on UPS as the e-commerce...

Britain's Ofcom has actually proposed changes to Royal Mail's commitments including socalled secondclass letters delivered on alternate weekdays instead of Saturdays, the regulator stated on Thursday. The Royal Mail, which has actually been trying to change and modernise its business as it moves its focus to parcels, has actually a. legal commitment to deliver letters Monday through Saturday and. parcels Monday to Friday as well as offer two shipment speeds -. first class for next day and 2nd class for within three days. Ofcom, which is the regulatory authority for broadcasting,. telecoms, and postal services, stated the propositions are. expected...

Polish businessman Michal Solowow has actually made an offer to purchase regional broadcaster TVN from Warner Bros Discovery Inc, according to his MS Galleon fund, while media group WP Holding has actually likewise made a bid, a source acquainted with the matter stated. Reuters reported in December that Warner Bros Discovery was dealing with advisers at JPMorgan on the sale of TVN Group. Two sources said in December that TVN Group, which includes 24-hour news channels TVN24 and TVN24BiS, could be valued at more than 1 billion euros ($ 1 billion) in a sale. At the invitation of JPMorgan and...

Italian tax police have actually taken 46.6 million euros ($ 48.4 million) from FedEx's regional system, FedEx Express Italy srl, following an examination into alleged tax fraud connected to illegal labour supply, prosecutors' files revealed on Wednesday. In a 75-page decree examined , Milan prosecutors accused the U.S. bundle delivery giant's local unit of preventing labour and tax laws, relying on cooperatives or limited liability companies that supplied employees while leaving out tax and social security payments. FedEx did not right away respond to requests for comment from Reuters. District attorneys stated in their decree that FedEx Express Italy, often...

DHL Express, a division of Germany's Deutsche Post, said on Tuesday it would purchase sustainable air travel fuel (SAF) from an unit of Japan's Cosmo Energy Holdings starting in April. The German logistics company will acquire 7,200 kilolitres of SAF each year from Cosmo, which will be produced locally. DHL will start utilizing the green fuel for set up air cargo flights from Chubu Centrair International Airport in central Japan, making Chubu the first airport in Asia where it procures SAF. DHL intends to increase its SAF usage to 30% or more by 2030 and plans to add 3 more...

Dutch postal operator PostNL cut its 2024 operating earnings projection for the second time on Monday, with its top executive mentioning less seasonal mail than expected in December and an unsustainable organization model. The Amsterdam-listed stock fell 3.2% in early trading. Slow to broaden their parcel networks and at times in financial difficulty, traditional postal services in Europe are having a hard time to keep up with competitors from other parcel locker firms such as Poland's InPost and Amazon. Immediate action to change the USO responsibilities (universal. service commitments) as well as a financial contribution from. federal government are inevitable...

Poland's InPost will invest an extra 600 million pounds ($ 731 million) by 2029 to broaden its operations in the UK, the UK federal government stated on Thursday. This will bring the parcel locker company's total investment in the UK to 1 billion pounds, supporting approximately 12,000 brand-new tasks, the government said in a declaration. InPost plans to broaden its network of automated lockers and logistics facilities in the country, the business said in a. declaration on Friday. The lockers, dubbed automated parcel devices or APMs, allow. customers to gather or drop off plans when it matches them. Britain is...

Britain's International Distribution Providers stated on Wednesday its income inched 0.8%. greater throughout the hectic Christmas period as its Royal Mail. service handled more worldwide parcels. Royal Mail stays on track to go back to adjusted operating. revenue before voluntary redundancy costs this ,. regardless of challenging market conditions in the UK, the business stated. Independently, IDS stated in a declaration late on Tuesday that its. 3.57 billion pound ($ 4.35 billion) takeover by Czech billionaire. Daniel Kretinsky got regulatory clearance by Europe and the. United States. The deal was approved by the British government in December. and is anticipated...

The following are the top stories in the Financial Times. Reuters has not validated these stories and does not vouch for their accuracy. Headings - Fujitsu's UK goodwill eliminated in wake of Post Office scandal - Apple steps up growth of its News platform - Shein implicated of 'not respecting' UK MPs in grilling on labour practices - Thames Water junior lenders implicate rivals of 'predatory'. loan conditions Summary - Fujitsu's choice to limit bidding for UK. government agreements following the Post Workplace Horizon scandal. has actually resulted in a total write-off of goodwill worth on the balance. sheet of...

Parcel locker company InPost reported on Tuesday a 20% rise in fourthquarter volumes, driven by both its home market Poland and abroad. InPost, which aside Poland runs in eight countries, delivered 322.1 million parcels in the quarter, that included the hectic holiday. The business runs one of the most significant networks in Europe of pick-up drop-off (PUDO) points and automated lockers, dubbed automated parcel devices or APMs, that permit clients to gather or drop off plans when it suits them. InPost said that it added a record number of more than 11,500 APMs in 2024, bringing its network to 46,977...

Artificial intelligencepowered chatbots helped customers purchase and return products throughout the 2024 holiday, improving online sales in the United States by nearly 4% yearoveryear, according to a report by Salesforce. Sellers turned to awesome conversational customer care - or chatbots - among others such as targeted promos, product recommendations and commitment programs, to affect consumers searching for trending items and finest bargains. Online sales rose to $282 billion in the United States between Nov. 1 and Dec. 31 from $272 billion a year back, ahead of Salesforce's forecast of 2% development, even as discounts were tempered. Consumers used AI-based chatbot...