Feb 20 Reuters Several teams have approached Honda about a partnership when Formula One39;s new engine era starts in 2026 but no decision has been taken about future involvement, the Japanese manufacturer said on Monday. Honda have an agreement to build engines in Japan for world champions Red Bull and sister team AlphaTauri but that […]

NEW DELHI, Feb 20 Reuters Uber Technologies said on Monday it will introduce electric vehicles EVs in India for ridesharing, its first move to adopt clean cars amid an Indian government push for greater electrification of public transport and shared mobility. With plans to introduce 25,000 EVs over three years, Uber is stepping up competition with […]

BENGALURU, Feb 20 Reuters The Indian government has opposed Hindustan Zinc Ltd39;s 2.98 billion acquisition of assets from the flagship firm of Vedanta Resources, dealing a blow to billionaire Anil Agarwal39;s plans to trim down the mining giant39;s 7.7 billion net debt. The government, which owns a nearly 30 stake in Hindustan Zinc, is against the […]

COPENHAGEN, Feb 20 Reuters Shipping and logistics group A.P. MollerMaersk has agreed to sell its two logistics sites in Russia to IG Finance Development Limited, it said on Monday, nearly marking the end of its business activities in the country. The group said the sale of its inland depot facility in Novorossiisk, with a capacity of […]

Feb 17 Reuters Norway39;s Equinor and German energy group EnBW plan to jointly develop offshore wind farms in Germany, the two companies announced on Friday. Germany, which seeks to cut its reliance on fossil fuel, in November raised its national renewable energy target to 80 of power generation by 2030, and aims to accelerate onshore wind installations to over 12 gigawatt GW per […]

PARIS, Feb 17 Reuters Birkin bag maker Hermes posted a 22.9 rise in fourth quarter sales, lifted by brisk business in the United States, and flagged no fundamental change in trends in China despite COVID19 disruptions over the period. European luxury brands have benefited from a strong, postpandemic rebound as shoppers drew on savings during lockdowns […]

SINGAPORE, Feb 17 Reuters Credit Suisse Singapore chief executive officer, Chien Chien Wong, is leaving to pursue outside interests, according to a memo seen by Reuters, in the latest senior banker departure from the Swiss bank. Rehan Anwer will be appointed the bank39;s Singapore chief executive, in addition to his current role as CEO Southeast Asia […]

Feb 16 Reuters Citron Research said Etsy Inc had become one of the largest platforms in the world for counterfeit goods, sending shares in the arts and craft marketplace platform down as much as 8.4 on Thursday. The percentage of counterfeit goods on Etsy has become too large and the company could no longer defend it […]

Shares rally in early trade Schiphol airport disruptions may linger Airline lost 170 mln euros revenue due to Schiphol restrictions LONDON, Feb 17 Reuters Air FranceKLM said on Friday its 2023 bookings were almost back to prepandemic levels as it reported a betterthan expected fourthquarter operating profit with global travel demand seeing a rebound. The airline39;s […]

LONDON, Feb 17 Reuters NatWest warned on Friday that rising interest rates may not deliver the longlasting earnings bonanza investors hope for, even though profit jumped by 33 last year. Shares in the bank fell as much as 9 as investors digested the forecasts on the lender39;s net interest margin and costs for 2023, even as […]