Istanbul International Airport was Busiest in March
Turkiye’s mega airport Istanbul was the busiest one in Europe, with an average of 1,263 daily flights in March, according to EUROCONTROL. Sabiha Gokcen, also in Istanbul, ranked 17th on the list with an average of 549 daily flights.
Exclusive: Tesla makes China boss highest-profile executive after Musk
Tesla Inc’s China chief Tom Zhu has been promoted to take direct oversight of the electric carmaker’s U.S. assembly plants as well as sales operations in North America and Europe, according to an internal posting of reporting lines reviewed by Reuters.
Analysis: As Ukraine war drags on, Europe’s economy succumbs to crisis
A post-pandemic spending euphoria, supported by copious government spending was set to drive the economy and help fatigued households regain a sense of normality after two dreadful years.
Philips parts ways with CEO in midst of massive recall
Dutch health technology company Philips (PHG.AS) on Tuesday unexpectedly announced the imminent departure of CEO Frans van Houten, in the midst of a massive product recall that has halved its market value over the past year.
Royal Mail to change name, could separate underperforming UK business
Royal Mail (RMG.L) said it would rename its holding company International Distributions Services Plc and could separate its UK business, where its workforce is set to strike over pay, if its performance doesn’t improve.
Amazon teams up with Just Eat on U.S. food delivery with Grubhub investment
Amazon (AMZN.O) has agreed to take a 2% stake in Just Eat Takeaway.com’s (TKWY.AS) struggling U.S. meal delivery business Grubhub and will offer its Prime members access to the service for one year.
Philips expects summer recovery from supply chain woes
Dutch health technology company Philips (PHG.AS) said on Monday it expects sales to recover strongly in the second half of the year, while a steep decline due to global shortage of parts is likely to persist in the coming months.
Philips shares slide as shortages and recall hit profits
Philips shares (PHG.AS) plunged more than 11% on Wednesday morning after the Dutch health technology company hiked the cost of its massive recall of ventilators and said earnings would take a big hit from global supply chain shortages
Airlines place their bets, looking past pandemic to renew fleets
As the world hunkers down for Omicron, some investors might expect the global jet market to be withering away. Far from it.
Analysis: EU adds more pieces to its ‘elusive’ capital market jigsaw
The European Union has moved a step closer to its vision of creating a single capital market across the bloc, a slow moving process but one that is chipping further away at Britain’s status as Europe’s investment banker.
