ROME (Reuters) - Jean Pierre Mustier's decision to step down as CEO of UniCredit had nothing to do with a possible acquisition of bailed-out rival Monte dei Paschi (MPS), UniCredit Chairman-elect Pier Carlo Padoan was quoted as saying on Sunday. In an interview with Italy's Corriere della Sera daily, Padoan denied Mustier's exit...
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BERLIN (Reuters) - The chief executive of Volkswagen (DE:VOWG_p), the world's largest vehicle maker by sales, expects autonomous vehicles to be ready for sale between 2025 and 2030, he told a magazine. Herbert Diess cited the improving performance of computer chips needed in autonomous cars while developments in artificial intelligence are also speeding the process. "It is foreseeable that the systems will...
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LONDON (Reuters) - Britain's Queen Elizabeth and her husband Prince Philip may "let it be known" once they have received a vaccine against COVID-19, The Times newspaper reported, citing unnamed royal aides. The 94-year-old monarch and her 99-year-old spouse are likely to be among the first to be offered a jab, with the government prioritising elderly people as it begins the rollout...
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By Radu-Sorin Marinas BUCHAREST (Reuters) - Romanians head to the polls on Sunday in a national ballot key to restoring the country's reputation among investors, with the incumbent, reform-oriented centrists of Prime Minister Ludovic Orban holding a narrow lead over opposition Social Democrats. In power for a year in spite of his opponents' hold over parliament, Orban, 57, has said he...
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PARIS (Reuters) - The European Union will leave Poland and Hungary out of its economic recovery plan if the two countries continue to resist efforts to link the disbursement of 1.8 trillion euros (1.62 trillion pounds) of funds with rule-of-law provisions, a French cabinet minister said. European Affairs Minister Clement Beaune said such a move was legally complex, but possible. "Our position...
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BERLIN (Reuters) - Lufthansa will have shed 29,000 staff by the end of the year and the German airline will cut another 10,000 jobs in its home country next year as it struggles to cope with the coronavirus, a newspaper reported on Sunday. The airline and its subsidiaries, Eurowings, Swiss, Austrian and Brussels...
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By Christiana Sciaudone Investing.com -- Sales jumped 200% in the third quarter for home goods retailer Betterware De Mexico SA de CV (NASDAQ:BWMX). With the company poised to start online sales next week, the numbers are likely to keep on keeping on. The only Mexican company directly listed on the Nasdaq, Betterware de Mexico is a direct-to-consumer retailer (think, catalogues and local associates...
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By Christiana Sciaudone Investing.com -- Its delivery delays are so long, Peloton (NASDAQ:PTON) skipped Black Friday and Cyber Monday. Would-be customers are fed up with months-long waits to get their bikes and are turning to rivals, including the very new MYXfitness. Not even a year into the market, the company is already reporting growth that was expected three years out. Demand for the...
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By David Shepardson WASHINGTON (Reuters) - Kia Motors Corp said on Saturday it is recalling 295,000 U.S. vehicles for engine fire risks. The Korean automaker said the recall covers some 2012-2013 model year Sorento, 2012-2015 Forte and Forte Koup, 2011-2013 Optima Hybrid, 2014-2015 Soul, and 2012 Sportage vehicles because an engine compartment fire can occur while driving. Dealers will inspect the engine...
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(Reuters) - Jeff Bezos' space company Blue Origin will take the first woman to the moon's surface, the billionaire said on Friday as NASA nears a decision to pick its first privately built lunar landers capable of sending astronauts to the moon by 2024. "This (BE-7) is the engine that will take the first woman to the surface of the Moon," Bezos said...
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