SYDNEY, May 7 Reuters Chinese electric vehicle maker Zeekr Intelligent Technology Holding will close its New York initial public offering IPO bookbuilding to raise up to 367.5 million on Wednesday, according to two sources with direct knowledge of the matter. The company, the premium brand of Chinese automaker Geely, had planned to close the bookbuilding […]

ROME, May 7 Reuters Italy and Lufthansa have presented new remedies to the European Commission to secure antitrust approval for the ITA AirwaysLufthansa tieup, the Italian Economy Ministry and Lufthansa said on Tuesday. The German carrier is looking to acquire a 41 stake in stateowned ITA Alitalia39;s successor but has so far failed to persuade the […]

Gross Merchandise Volume up 1.3 to 3.27 bln euros Shares rise 7 Active customers fall to 49.5 mln from 51.2 mln Zalando does not want to compete in ultra low prices CFO May 7 Reuters Online fashion marketplace Zalando returned to growth in the first quarter after three consecutive declines in gross merchandise volume, as bets […]

SINGAPORE, May 6 Reuters Singapore Airlines Group SIA ordered 1,000 tons of sustainable aviation fuel from refiner Neste, the first supply of such fuel produced in Neste39;s refinery in the citystate to airlines at Changi Airport, Neste said on Monday. The agreement will see Finlandbased Neste blend sustainable aviation fuel SAF, made from 100 renewable waste […]

May 6 Reuters Canadian airline WestJet has reached a tentative agreement with the union representing its maintenance engineers to avert work stoppage, the two parties said in a joint statement on Monday. Both parties now await the ratification vote to be put forward, the statement said, though the companies did not reveal the details of […]

SYDNEY, May 6 Reuters Australia39;s Qantas Airways agreed to pay A120 million 79 million to settle a regulator lawsuit over the sale of thousands of tickets on already cancelled flights, in an attempt to end a reputational crisis that has engulfed the airline. The company will split A20 million between more than 86,000 customers who booked […]

COPENHAGEN, May 6 Reuters Volvo Cars39; sales rose 27 in April from a year earlier to 65,838 cars, boosted by demand for electric and hybrid vehicles, the Swedenbased group said on Monday. Volvo Cars, majorityowned by China39;s Geely Holding, said in a statement sales of fully electric cars were up 94 and accounted for 26 of […]