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(Reuters) – Shares of FedEx Corp fell about 7 percent before the bell on Wednesday after the package delivery company cut its 2019 profit forecast for the second time blaming slowing global trade growth and continued weakness in its international Express business. The profit warning and weak quarterly results have resulted in a slew of […]

BRUSSELS (Reuters) – Google has made and will make a number of changes to address EU antitrust regulators’ concerns that it unfairly promoted its shopping service and hindered rivals of its Android smartphone operating system, a senior executive said on Wednesday. “We’ve always agreed that healthy, thriving markets are in everyone’s interest. We’ve already made […]

ADDIS ABABA/PARIS/WASHINGTON (Reuters) – Europe and Canada said they would seek their own guarantees over the safety of Boeing’s 737 MAX, further complicating plans to get the aircraft flying worldwide after they were grounded in the wake of two accidents killing more than 300 people. As the U.S. Federal Aviation Administration (FAA) analyses Boeing’s plans […]

MONTREAL (Reuters) – Transport Canada said on Tuesday it would send a team to assist the U.S. Federal Aviation Administration in evaluating proposed design changes to update the software on Boeing’s now grounded 737 MAX jet. The team would also help determine if any “changes to the design or procedures are necessary,” a spokeswoman for […]

OSLO (Reuters) – Aluminum producer Norsk Hydro has been exposed to a LockerGoga ransomware attack, a spokesman for the Norwegian National Security Authority, in charge of cyber security, told Reuters on Tuesday. Hydro was no immediately available for comment. Reporting by Nerijus Adomaitis, writing by Gwladys Fouche, editing by Terje Solsvik Our Standards:The Thomson Reuters […]

OSLO (Reuters) – Hackers demanded ransom money from Norsk Hydro to stop an ongoing cyber attack on its IT systems, public broadcaster NRK reported on its website, citing a message sent by the Norwegian National Centre for Cybersecurity. The Norwegian National Security Authority, of which the Norwegian National Centre for Cybersecurity is a part, was […]

BERLIN (Reuters) – An economic advisor to the German government, Isabel Schnabel, said on Tuesday she strongly advised against a possible merger of Deutsche Bank and Commerzbank. “I would strongly advise against creating an even larger national champion,” she said, adding that cost savings would probably not be easy to achieve, it was not clear […]

OSLO (Reuters) – The cyber attack on aluminum producer Norsk Hydro began on Monday evening and escalated during the night, the Norwegian state agency in charge of cyber security said on Tuesday. “We are helping Norsk Hydro with the handling of the situation, and sharing this information with other sectors in Norway and with our […]

OSLO (Reuters) – Aluminum maker Norsk Hydro has closed down some of its metal extrusion plants due to a cyber attack on its operations, it said on Tuesday. “Some extrusion plants that are easy to stop and start have chosen to temporarily shut production,” said a Hydro spokesman. The company’s giant metal smelters have switched […]

BERLIN/FRANKFURT (Reuters) – A merger of Deutsche Bank and its rival Commerzbank could result in as many as 30,000 job cuts over the long term, a representative of German union Verdi who is a Deutsche supervisory board member told n-tv broadcaster. A top investor in Deutsche Bank also expressed doubts about a potential merger, according […]

BERLIN (Reuters) – The German government will closely observe talks between Deutsche Bank and its rival Commerzbank on a possible merger but it is up to them to take any commercial decision, a government spokesman said on Monday. “The government will observe these attentively,” government spokesman Steffen Seibert, speaking at a regular government news conference, […]

PARIS (Reuters) – Shares in European payments technology companies such as Worldline, Ingenico and Wirecard all rose on Monday, buoyed by Fidelity National Information Services’s $35 billion takeover of Worldpay. Worldline was up 3.1 percent, while software group Atos – which has a stake of around 50 percent in Worldline – also advanced 1.2 percent. […]

BERLIN (Reuters) – Shares in Deutsche Bank and its smaller German peer Commerzbank were indicated to open higher on Monday after the two lenders on Sunday confirmed merger talks. Deutsche Bank shares were up 3.5 percent in premarket trade at Lang & Schwarz at 0656 GMT while Commerzbank rose 5.4 percent. Reporting by Thomas Seythal; […]

FRANKFURT (Reuters) – A merger of Deutsche Bank and Commerzbank could put 20,000 jobs at risk, the head of labor union Verdi said in a media interview on Monday, a day after the two banks confirmed they were discussing the possibility. “Some 20,000 or more positions could come under fire,” Frank Bsirske, chief of Verdi […]

Analysis of the data from the black boxes of an Ethiopian Airlines plane that crashed killing all 157 people on board showed ‘clear similarities’ with October’s Lion Air crash, a spokesman for the Ethiopian Transport Ministry said.

Brexit and France’s “yellow vest” protest movement pushed the number of bottles of French champagne sold last year to its lowest since 2004, trade group data showed on Sunday.

BAKU (Reuters) – OPEC Secretary General Mohammad Barkindo said on Sunday that compliance with a supply cut agreement between OPEC and non-OPEC members was improving, and that this would help the oil market to weather through the build up of oil inventories. “There is a remarkable improvement on the level of compliance,” Barkindo said. “The […]