Struggling Bordeaux wine producers offered aid to clear stocks

PARIS (Reuters) – France will provide subsidies to wine producers in regions like Bordeaux to offload surplus supplies, the agriculture ministry said on Monday, as the renowned industry struggles with declining consumption. Falling demand for red wine, as French consumers drink less alcohol or turn to other wine categories, has hammered the sector in Bordeaux, …

Struggling Bordeaux wine producers offered aid to clear stocks Read More »

Portugal will Airline TAP bald privatisieren

Lissabon (Reuters) – Die Regierung Portugals nimmt die Privatisierung der staatlichen Fluggesellschaft TAP in Angriff. Die Regierung leiste Vorarbeiten, um den Prozess “so bald wie möglich” zu beginnen, sagte Finanzminister Fernando Medina am Montag bei einer Pressekonferenz in Madrid. Angesichts der guten Geschäftsentwicklung der Airline sei dafür jetzt ein guter Zeitpunkt. Der Markt sei auf …

Portugal will Airline TAP bald privatisieren Read More »

Global airline traffic last year rebounds to over half of pre-pandemic levels

By Joanna Plucinska LONDON (Reuters) -Global airline traffic recovered to 68.5% of pre-pandemic levels last year and surged 64.4% from 2021, according to figures published by global aviation body IATA on Monday. Airlines lost tens of billions of dollars in 2020 and 2021 due to the COVID-19 pandemic and saw the first signs of relief …

Global airline traffic last year rebounds to over half of pre-pandemic levels Read More »

U.S. Justice Dept. to review Memphis police after Tyre Nichols’ killing

By Kanishka Singh WASHINGTON (Reuters) – The U.S. Justice Department will participate in a review of the Memphis Police Department after the death of Tyre Nichols, a 29-year-old Black man fatally beaten by officers in the Tennessee city last month, according to city officials. The review was disclosed in a bulletin by Memphis Mayor Jim …

U.S. Justice Dept. to review Memphis police after Tyre Nichols’ killing Read More »

Actividad global de fundición de cobre sube en enero al máximo de un año: datos satelitales

LONDRES, 6 feb (Reuters) – La actividad mundial de fundición de cobre aumentó en enero a los niveles más altos en un año, ya que las plantas de China incrementaron su producción, mostraron el lunes los datos de vigilancia satelital de complejos de procesamiento de metales. Enero es tradicionalmente un mes importante para la producción …

Actividad global de fundición de cobre sube en enero al máximo de un año: datos satelitales Read More »

Public Storage makes $11 billion hostile bid for Life Storage

By Krystal Hu, Anirban Sen and Jahnavi Nidumolu (Reuters) – Public Storage, the largest U.S. operator of self-storage properties, on Sunday unveiled an $11 billion hostile bid for Life Storage Inc, ratcheting up attempts to buy its smaller rival after its earlier takeover attempts were rebuffed. Under the proposed all-stock deal, Life Storage shareholders would …

Public Storage makes $11 billion hostile bid for Life Storage Read More »

Putin approves sale of Mercedes-Benz Russian finance arm

MOSCOW (Reuters) – Russian President Vladimir Putin on Monday approved the sale of Mercedes-Benz’s local financial services division to Russian car dealer Avtodom, nudging the German automaker closer towards fully offloading its Russian assets. Mercedes-Benz suspended production at its factory in Russia and halted exports to the country last March, and said in October it …

Putin approves sale of Mercedes-Benz Russian finance arm Read More »