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Wires

  • BERLIN— A court is expected to rule Thursday in a case that has exposed a rift within Germany's secretive Albrecht family, owners of the discount supermarket chain Aldi. The company is split into two geographical parts and the dispute centers on the control over Aldi Nord, which operates in northern Germany, Poland, Denmark, France, the Benelux countries and the...

  • PARIS, Nov 23- The French finance ministry is studying several scenarios for restructuring state-owned utility EDF, including spinning off its nuclear power generation activities into a standalone unit, sources familiar with the situation said. EDF, which is 83 percent owned by the state, has hefty net debt of 31 billion euros and is poorly placed to make the...

  • PARIS, Nov 23- French anti-corruption investigators questioned Airbus Chief Executive Tom Enders and three other company executives as witnesses in an investigation centred on the sale of satellites to Kazakhstan in 2010, according to media reports on Thursday. Enders was interviewed in early October by anti-corruption investigators in Nanterre, close...

  • *Germany in political crisis after coalition talks collapse. BERLIN, Nov 23- Germany's Social Democrats should reconsider their opposition to joining a new "grand coalition" with Angela Merkel's conservatives because Europe needs a stable government in Berlin, a senior ally of the chancellor said on Thursday. Germany is facing the worst political crisis of...

  • DUBAI, Nov 23- Saudi Arabia aims to start issuing tourist visas to foreigners next year, a senior Saudi official told CNN, as the government seeks to open up the conservative kingdom and find new sources of revenue to diversify its economy. At present, foreigners travelling to Saudi Arabia are largely restricted to resident workers and their dependents, business...

  • BERLIN/ LONDON, Nov 23- A restructuring of Siemens' declining turbines business could trigger labour unrest across the German industrial group, trade union IG Metall warned on Thursday as workers rallied in Berlin in protest over planned job cuts. The issue has leapt up the national agenda in the face of potential fresh elections after Chancellor Angela...

  • BERLIN/ LONDON, Nov 23- A restructuring of Siemens' declining turbines business could trigger labour unrest across the German industrial group, trade union IG Metall warned on Thursday as workers rallied in Berlin in protest over planned job cuts. The issue has leapt up the national agenda in the face of potential fresh elections after Chancellor Angela...

  • BERLIN/ LONDON, Nov 23- A restructuring of Siemens' declining turbines business could trigger labor unrest across the German industrial group, trade union IG Metall warned on Thursday as workers rallied in Berlin in protest over planned job cuts. The issue has leapt up the national agenda in the face of potential fresh elections after Chancellor Angela...

  • BERLIN/ LONDON, Nov 23- A restructuring of Siemens' declining turbines business could trigger labor unrest across the German industrial group, trade union IG Metall warned on Thursday as workers rallied in Berlin in protest over planned job cuts. The issue has leapt up the national agenda in the face of potential fresh elections after Chancellor Angela...

  • PARIS, Nov 23- French spirits group Remy Cointreau delivered first-half profits that came in slightly short of forecasts on Thursday, knocking its shares off record highs. Rebounding demand in China and robust sales in its core U.S. market helped it record an 11.8- percent jump in first-half current operating profits to 134.1 million euros on a like-for-like...

  • MILAN, Nov 23- Workers at Amazon's main distribution hub in Italy are planning their first ever strike for Friday, trade unions said, threatening to disrupt one of the busiest shopping days of the year. Unions said in a statement more than 500 Amazon workers at the Piacenza site in northern Italy had agreed to strike following a failure to negotiate bonuses with...

  • BRUSSELS, Nov 23- British Prime Minister Theresa May will meet European Commission President Jean-Claude Juncker and his chief Brexit negotiator in Brussels on Monday, Dec. 4, the EU executive confirmed on Thursday. They say any British move needs to come by around Dec. 4 if leaders meeting at a Dec. 14-15 are to be able to endorse a move to a new phase of talks, to...

  • MILAN, Nov 23- Workers at Amazon's main distribution hub in Italy are planning their first ever strike for Friday, trade unions said, threatening to disrupt one of the busiest shopping days of the year. Unions said in a statement more than 500 Amazon workers at the Piacenza site in northern Italy had agreed to strike following a failure to negotiate bonuses with...

  • LONDON, Nov 23- The euro climbed for a third consecutive day on Thursday as a flurry of European business surveys pointed to a strengthening growth outlook for the region. "There is a general trend of euro-positive sentiment going through the markets and that is keeping the euro firmly supported and the ECB minutes were along expected lines," said Commerzbank...

  • PARIS— French president Emmanuel Macron is hosting Poland's prime minister for talks ranging from Europe's security to workers posted by their employer in another country, a contentious issue between the two European Union nations. Bilateral ties are tense after Poland canceled a major deal to purchase French-made helicopters and after Macron...

  • LONDON, Nov 23- Britain's economy again relied heavily on spending by squeezed households for growth in the three months to September, as businesses invested only cautiously while they await clarity on Brexit, official data showed. The fragile picture of the economy echoed the sharply weaker outlook announced on Wednesday by Britain's budget watchdog, which...

  • *Problems in UK and North America hammer trading. LONDON, Nov 23- British Gas owner Centrica shed around a fifth of its market value on Thursday after warning its 2017 earnings would be well below forecasts due to fierce competition for business customers in North America and Britain. In a surprise trading update, Centrica said its full-year adjusted earnings...

  • LONDON, Nov 23- Sterling benefited from dollar weakness on Thursday, hitting a six-week high against the U.S. currency but slipping against a stronger euro, with with traders largely brushing off downward growth forecast revisions and refocusing on Brexit negotiations. Finance minister Philip Hammond announced during his budget statement on Wednesday...

  • The six-month WTI spread is trading at the highest level since October 2014, a sure sign traders expect stocks around Cushing to tighten significantly after the pipeline outage. Cushing crude stocks rose steadily between the middle of August and the start of November, even as stocks declined in the rest of the country, especially on the U.S. Gulf Coast.

  • *Rising U.S. output undermines OPEC production limits. LONDON, Nov 23- Oil slipped on Thursday on concerns that rising U.S. output would hamper OPEC's attempts to tighten supplies, outweighing worries about the shutdown of a major U.S. pipeline. The pipeline carries 590,000 barrels per day from Canada to the United States.