Wall Street firms retreat from office, holiday parties as virus spreads
Wall Street banks and investment firms are retrenching from their push to get staff back to the office, with Citigroup Inc (C.N), Goldman Sachs Group Inc (GS.N), Carlyle Group Inc (CG.O), Blackstone (BX.N) and MetLife (MET.N) among the latest to adjust plans as the Omicron variant of the coronavirus spreads.
Telecom Italia issues third profit warning in a year
Telecom Italia (TIM) (TLIT.MI), facing a takeover approach from U.S. fund KKR (KKR.N), has cut the 2021 earnings forecast for its domestic business due to lower-than-expected fixed line revenue from its partnership with DAZN to screen Italian soccer.
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.
Uber looking to sell Didi, China market has little transparency, CEO says
Uber Technologies Inc (UBER.N) is looking to sell stakes in non-strategic assets including its holding in Beijing-based Didi Global Inc (DIDI.N), its CEO said on Tuesday, who also described the China market as a tough one with little transparency.
Exclusive: Uber in talks with Mideast unit over outside investment – sources
Uber Technologies (UBER.N) is in talks with the management of its Middle East unit Careem to bring outside investors into the business, four sources familiar with the matter said.
Carmaker Stellantis sees more revenue from software by 2030
Carmaker Stellantis (STLA.MI) plans to generate about 4 billion euros ($4.5 billion) in additional annual revenue by 2026 from software-enabled products and subscriptions and 20 billion euros by 2030, the company said on Tuesday.
Welcome to the Tinderverse: Tinder’s CEO talks metaverse, virtual currency
Dating app Tinder is exploring how to blur the boundaries between offline and online worlds, CEO Renate Nyborg said in an interview at the Reuters Next conference.
Apple tells suppliers demand for iPhone 13 lineup has weakened – Bloomberg News
Apple Inc (AAPL.O) has told its parts suppliers that demand for the iPhone 13 lineup has slowed, Bloomberg News reported on Wednesday, citing people familiar with the matter, signaling that some consumers have decided against trying to get the hard-to-find item.
Global airlines prepare for Omicron-induced volatility
Airlines are bracing for a fresh round of volatility due to the Omicron variant of COVID-19 that could force them to adjust schedules and destinations at short notice and to rely more on domestic markets where possible, analysts say.
EXCLUSIVE Investcorp revs up to sell Italian motorcycle clothing brand Dainese – sources
Investcorp is gearing up to sell Italian motorcycle clothing brand Dainese in a deal that could value the 49-year firm, favoured by motorcycle racer Valentino Rossi, at about 750 million euros, a source familiar with the matter told Reuters.
