Tuesday 26 April 2022

Reuters Business: Poland plans drastic cut to Warsaw flights in traffic controller row

Poland plans drastic cut to Warsaw flights in traffic controller row

Poland could drastically cut back on flights to and from Warsaw from May 1 if a dispute with air traffic controllers over pay and conditions is not resolved, according to legislation published before negotiations were set to resume on Tuesday.

Qatar suffers setback in airplane dispute with Airbus

A British judge on Tuesday denied a request by Qatar Airways to force Airbus to keep building A321neo jets for the Gulf airline, in a setback to the carrier amid a wider airplane dispute that has triggered a major falling-out in UK courts.

Futures edge lower as investors focus on Big Tech earnings

U.S. stock index futures slipped on Tuesday, as investors waited to see if earnings from Big Tech companies this week will provide support to a market worried about high inflation and slowing global growth.

From weed joke to agreed deal: Inside Musk's $44 bln Twitter buyout

Twitter Inc and its advisers were not sure at first how seriously to take him.

Russian court orders seizure of $7 mln in Google's Russian funds, property - reports

A Moscow court has ordered the seizure of 500 million roubles ($7 million) worth of Google's property and funds in Russia, news agencies said, in a lawsuit concerning restrictions the U.S. tech firm has placed on the YouTube channel of a prominent television firm.

EU says its rules apply to all online platforms, "Mr Musk knows this well"

The European Commission said on Tuesday it was too early to comment on the deal Tesla Chief Executive Elon Musk has struck to buy social media site Twitter but recalled that the bloc's digital services rules apply to all major platforms.

Ferragamo, Amazon say they helped China seize counterfeits in Zheijang

Italy's Salvatore Ferragamo and Amazon said on Tuesday Chinese authorities had seized counterfeit products in the Zheijang province, following a global investigation in which the luxury group and the online retailer cooperated.

Japan unveils $103 bln relief package to combat rising prices

Japan has prepared an emergency relief package worth $103 billion to cushion the economic blow from rising raw material costs, and plans further steps later this year to promote long-term reforms, Prime Minister Fumio Kishida said on Tuesday.

Poland sanctions Gazprom among 50 Russian firms and oligarchs

Poland is imposing sanctions on 50 Russian oligarchs and companies, the interior minister said on Tuesday, as it seeks to increase pressure on Moscow over its invasion of Ukraine. Poland this month passed a law allowing it to freeze the assets of Russian entities and ban imports of coal from Russia, above and beyond sanctions imposed jointly by European Union countries.

EXCLUSIVE New GM union in Mexico seeks 19.2% wage hike in historic talks

The new independent labor union at General Motors Co's largest plant in Mexico is seeking a 19.2% wage increase, citing surging inflation, and the U.S. carmaker has countered with an offer of 3.5%, the head of the union SINTTIA told Reuters.

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