Tag: Europe News

Budget airline Ryanair posts 273 million euro loss as Covid continues to wreak havoc

A Ryanair aircraft Boeing 737-800 prepares to take off at Krakow Airport. Omar Marques | Getty Images News | Getty Images LONDON — Low-cost airline Ryanair said Monday that it’s still facing a “challenging” environment and that it might finish the fiscal year “somewhere between a small loss and breakeven” as Covid-19 restrictions linger. The […]

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Europe’s leaders disagree on Russia talks despite Biden-Putin meeting

Angela Merkel, Germanys chancellor, speaks with journalists as she departs a EU leaders meeting in Brussels, Belgium, on Friday, June, 25, 2021. Bloomberg | Bloomberg | Getty Images LONDON — France and Germany’s plans to restart talks with Russia have failed, as a number of other EU leaders remain skeptical about re-engaging with the Kremlin. […]

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The U.S. and EU are nearing a truce on the Boeing-Airbus dispute

US President Joe Biden (L) and France’s President Emmanuel Macron (C) talk with President of the European Commission Ursula von der Leyen after the family photo at the start of the G7 summit in Carbis Bay, Cornwall on June 11, 2021. PATRICK SEMANSKY | AFP | Getty Images LONDON — The United States and the […]

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G-7 nations reach historic deal on global tax reform

Britain’s Chancellor of the Exchequer Rishi Sunak (from left), U.S. Treasury Secretary Janet Yellen, Managing Director of the IMF Kristalina Georgieva and Canada’s Finance Minister Chrystia Freeland chatting on the first day of the Group of Seven Finance Ministers Meeting at Lancaster House in London on June 4, 2021. Stefan Rousseau | AFP | Getty […]

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Portugal’s hotels see huge spike in booking requests after UK gives green light on international travel

Beachgoers sunbathe and swim at a beach in Portimao, Algarve region, Portugal. NurPhoto | NurPhoto | Getty Images LONDON — The tables have turned for the Portuguese hotel industry on one announcement.  The U.K. government said on Friday that from May 17 travelers from England will not need to quarantine when returning from Portugal. They […]

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EU court rejects an order for Amazon to pay back $300 million in taxes

A sign at the Amazon.com, Inc. BHM1 fulfillment center is seen before sunrise on March 29, 2021 in Bessemer, Alabama. Patrick T. Fallon | AFP | Getty Images LONDON — The EU’s general court said Wednesday that the European Commission failed to prove that there was an illegal tax advantage given to Amazon in Luxembourg. […]

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Adidas upgrades outlook for 2021 with sales expected to grow almost 20%

People in face masks walk in a street during an outbreak of the 2019-nCoV coronavirus. Artyom Ivanov | TASS via Getty Images LONDON — Adidas is more confident about sales this year as it notes stronger-than-expected demand for its products and a “healthy brand momentum.” The German sportswear retailer expects currency-neutral sales to rise at […]

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Societe Generale cites ‘remarkable’ equity trading activity as it smashes expectations in the first quarter

A logo outside a Societe Generale SA bank branch in Paris, France. Bloomberg | Bloomberg | Getty Images LONDON — French bank Societe Generale reported a “record” quarter for its trading division, helping it beat analyst expectations for the first three months of 2021. Net income for the first quarter came in at 814 million […]

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European Union says Apple’s App Store breaches competition rules

CEO Tim Cook speaks at an Apple event at the company’s headquarters in Cupertino, California, September 10, 2019. Stephen Lam | Reuters LONDON — Apple has “abused its dominant position” in the distribution of music streaming apps through its App Store, the European Commission said Friday. “The European Commission has informed Apple of its preliminary […]

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Tyson Fury calls out UFC’s Francis Ngannou; Derek Chisora backed by Michael ‘Venom’ Page

Tyson Fury (L) punches Deontay Wilder during their Heavyweight bout for Wilder’s WBC and Fury’s lineal heavyweight title on February 22, 2020 at MGM Grand Garden Arena in Las Vegas, Nevada. Photo by Al Bello | Getty Images Tyson Fury has exchanged challenges with Francis Ngannou, the UFC’s new heavyweight champion. Fury exclaimed on social […]

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