LISBON, April 21 Reuters Portugal39;s government fired the chief executive of flag carrier TAP last month without a legal assessment of the move, Finance Minister Fernando Medina has acknowledged, deepening a highprofile scandal around the stateowned airline. His remarks in parliament late on Thursday contradicted claims by two fellow ministers a day earlier that the […]

April 20 Reuters Tesla Inc raised the U.S. prices for its Model S and X premium electric vehicles, according to its website on Thursday, although they are still 20 lower than the start of the year after a slew of price cuts to drum up demand. Tesla has been slashing prices globally since January, including as […]

Maintains fullyear sales, margin outlook Comparable operating margin fell to 8.2 from 10.9 Expects recovery in North American market in H2 STOCKHOLM, April 20 Reuters Nokia on Thursday reported operating profit below market expectations for the first quarter and the Finnish company said it was seeing signs of customer spending slowing down. However, it kept its […]

LONDON, April 20 Reuters Jet2 plc, Britain39;s biggest tour operator, upgraded its annual profit forecast and said trading for the coming summer was encouraging with demand for holidays continuing to defy the UK39;s gloomy economic outlook. Jet239;s positive update is the latest evidence that British consumers are prioritising holidays despite cutting back elsewhere due to […]

Order intake up as customers replace aging fleets European supply chain disturbances ease North America still facing unstable supply chain Truck market hike bodes well for H2 analyst STOCKHOLM, April 20 Reuters Sweden39;s AB Volvo lifted its outlook for key heavyduty truck markets in Europe and North America this year on Thursday as it reported a […]

April 20 Reuters Tesla Inc39;s shares sank 8 on Thursday and dragged down other automakers after Chief Executive Elon Musk signaled the electricvehicle maker will keep cutting prices to drum up demand even after taking a big hit to profitability. Tesla shares were trading at 168 before the bell, with at least 15 analysts lowering their […]

STOCKHOLM, April 18 Reuters Sweden39;s Ericsson on Tuesday reported firstquarter core earnings that beat expectations, supported by stronger sales of 5G equipment in countries such as India, but sales in more established markets fell and eroded margins. The company has cut costs to mitigate lower spending by telecom operator customers in several regions and expects the […]

Q1 beer volumes down 3.0 vs consensus of 1.9 decline Q1 revenues up 8.9 to 6.38 bln euros, in line with consensus Maintains 2023 operating profit growth forecast BRUSSELS, April 19 Reuters Heineken maintained its forecast for 2023 profit growth with the risk of slower economic expansion in the AsiaPacific region offset by greater resilience among […]

April 19 Reuters A unit of Allianz SE has put its stake in German online bank N26 up for sale at a steep discount, valuing the lender at 3 billion, the Financial Times reported on Wednesday. The venture capital arm of Munichbased insurance group Allianz X has mandated an adviser to sell about 5 in N26 at a […]

SHANGHAI, April 19 Reuters Chinese battery giant CATL on Wednesday unveiled a condensed matter battery that it said could supply enough energy to power electric passenger aircraft for civil aviation use. The battery, a type of semisolid state product with condensed electrolyte and new anode and separator materials, will have an energy density of 500 Watt […]