17 February

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Ryanair loses legal fight against French, Swedish airline state aid By Reuters

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BRUSSELS (Reuters) - Ryanair on Wednesday lost its fight against state aid granted to virus-hit rivals Air France and SAS via national schemes after Europe's second-top court backed EU competition regulators who had allowed the support under loosened rules. "That aid scheme is appropriate for making good the economic damage caused by the Covid-19 pandemic and does not constitute discrimination," the Luxembourg-based...

17 February

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Online trading platform Plus500 to pay special dividend after record year By Reuters

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By Muvija M and Priyanshi Mandhan (Reuters) - Online trading platform Plus500 (LON:PLUSP) said on Wednesday it would pay almost $30 million in special dividends and buy back $25 million in shares as it reaped the profits of small-time traders making record bets on financial markets. But a suggestion that revenue in...

17 February

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Ford’s Europe car lineup to be all-electric by 2030 By Reuters

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By Nick Carey LONDON (Reuters) - Ford Motor (NYSE:F) Co on Wednesday said its car lineup in Europe will be all-electric by 2030 as the U.S. automaker races to get ahead of CO2 emissions targets and looming bans in some countries on fossil fuel vehicles. The carmaker said it will invest $1 billion over the next 30 months to convert its vehicle...

17 February

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Vaccines, drugs, testing key to easing lockdown safely – UK’s Raab By Reuters

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LONDON (Reuters) - Vaccines, drugs and testing at scale are key to easing lockdown measures safely, Britain's foreign minister Dominic Raab said on Wednesday as the government prepares to set out a roadmap on how to loosen restrictions. "The two or three things that are going to be really important if we are to ease out of lockdown safely and...

17 February

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Sterling hits 10-month high vs euro, takes a breather vs dollar By Reuters

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By Tom Wilson LONDON (Reuters) - Sterling hit a 10-month high against the euro on Wednesday as investors bet Britain's COVID-19 vaccinations would help its coronavirus-battered economy reopen quickly and recover from its biggest hit in 300 years. The pound rose 0.2% against the euro to as high as 86.84 pence, its highest since April 2020. A day earlier, it had...

17 February

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UK gives go-ahead to expose volunteers to COVID in medical trial By Reuters

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LONDON (Reuters) - Britain on Wednesday became the first country in the world to allow volunteers to be exposed to the COVID-19 virus to advance medical research into the pandemic. The trial, which will begin within a month, will see up to 90 healthy volunteers aged 18-30 exposed to COVID-19 in a safe and controlled environment to increase understanding of how...

17 February

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Maersk plans world’s first carbon-neutral container ship in 2023 By Reuters

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COPENHAGEN (Reuters) - Shipping group Maersk said on Wednesday it will accelerate plans to decarbonise sea-borne container shipping by putting the world's first carbon-neutral vessel into operation in 2023, seven years ahead of its original plan. The shipping industry, which carries around 80% of global trade and accounts for around 3% of global carbon emissions, pledged last year to have ships and...

17 February

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Epic Games takes Apple fight to EU antitrust regulators By Reuters

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By Foo Yun Chee BRUSSELS (Reuters) - Fortnite creator Epic Games has taken its fight against Apple (NASDAQ:AAPL) to European Union antitrust regulators after failing to make headway in a U.S. court in a dispute over the iPhone maker's payment system on its App Store and control over apps downloads. The two companies...

17 February

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BAT sees profit boost from e-cigs as more smokers switch By Reuters

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By Siddharth Cavale (Reuters) - British American Tobacco (LON:BATS) forecast on Wednesday e-cigarette and tobacco heating devices would contribute to earnings for the first time this year as more smokers switch to products perceived as less harmful in the pandemic. The maker of Lucky Strike and Newport cigarettes saw three million more customers use its "new categories" products -...

17 February

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Pandemic hitting German wages harder than financial crisis By Reuters

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BERLIN (Reuters) - Germans' nominal earnings fell for the first time in over a decade, the statistics office said on Wednesday, releasing data that showed the coronavirus pandemic having a more severe impact on earnings than the 2007/08 financial crisis. Preliminary data showed nominal earnings had shrunk by 0.6% in 2020, the first contraction since the data series began in 2007. In...

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Ryanair loses legal fight against French, Swedish airline state aid By Reuters

Online trading platform Plus500 to pay special dividend after record year By Reuters

Ford’s Europe car lineup to be all-electric by 2030 By Reuters

Vaccines, drugs, testing key to easing lockdown safely – UK’s Raab By Reuters

Sterling hits 10-month high vs euro, takes a breather vs dollar By Reuters

UK gives go-ahead to expose volunteers to COVID in medical trial By Reuters

Maersk plans world’s first carbon-neutral container ship in 2023 By Reuters

Epic Games takes Apple fight to EU antitrust regulators By Reuters

BAT sees profit boost from e-cigs as more smokers switch By Reuters

Pandemic hitting German wages harder than financial crisis By Reuters

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