Shareholders approve pay package of Stellantis CEO
Stellantis shareholders on Tuesday approved a controversial 36.5-million-euro ($38.75 million) pay package for chief executive Carlos Tavares.
Apr 16, 2024
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Automotive
News tagged with euro
Business
Lufthansa reports loss, cuts outlook after strikes
German airline giant Lufthansa reported a hefty first-quarter loss Monday and downgraded its 2024 outlook due to recent strikes, while warning of risks from conflict in the Middle East.
Apr 15, 2024
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Business
French state joins cash lifeline for Olympics tech firm Atos
The French government said on Tuesday it would provide a 50-million-euro ($54-million) loan to Atos, its Paris Olympics data and cybersecurity partner that is struggling under a mountain of debt.
Apr 9, 2024
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Business
Vodafone sells Italian unit to Swisscom, deal angers Swiss hard-right
British telecoms giant Vodafone said Friday it has agreed to sell its Italian unit to Swisscom for eight billion euros ($8.7 billion) in a cash deal that was slammed by Switzerland's main political party.
Mar 15, 2024
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Business
Lufthansa warns on 'damaging' strikes, as 2023 profits double
German airline giant Lufthansa warned Thursday about the "damaging" impact of a wave of industrial action at the start of this year, as it reported 2023 profits doubled on booming demand.
Mar 7, 2024
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Business
EU's five biggest antitrust fines on big tech
The European Commission's powerful competition regulator on Monday slapped Apple with a 1.8-billion-euro ($1.9-billion) penalty, the third biggest antitrust fine by the European Union.
Mar 4, 2024
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Automotive
Renault bounces back in 2023 with net profit of 2.2 bn euros
French automaker Renault on Wednesday said it had bounced back into profit in 2023 as sales rose due to new models and price increases that helped it attain a record margin.
Feb 14, 2024
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Business
French AI start-up Mistral AI raises 385 mn euros
French artificial intelligence start-up Mistral AI announced Sunday it had raised 385 million euros ($414 million), becoming one of Europe's two AI leaders.
Dec 11, 2023
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Automotive
Renault tries to lure investment for new electric car unit
French automaker Renault on Wednesday held an investors day for its new electric vehicle subsidiary Ampere, hoping to win over investment with slashed costs and an electric car costing less than 20,000 euros ($21,600).
Nov 15, 2023
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Business
Telecom Italia approves US fund's bid for network
Telecom Italia on Sunday approved an offer by US investment fund KKR for its fixed-line network, infuriating its main shareholder which vowed to contest the "illegal" decision.
Nov 6, 2023
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