Monday, May 31, 2021

Reuters Business: Ex-VW boss to pay 10 mln euros in dieselgate damages - Business Insider

Ex-VW boss to pay 10 mln euros in dieselgate damages - Business Insider

Former Volkswagen (VOWG_p.DE) chief Martin Winterkorn has agreed to pay around 10 million euros ($12 million) in damages to the carmaker over the diesel emissions scandal, Business Insider reported on Monday.

Dispute over A350 paint job threatens Airbus deliveries to Qatar -sources

Qatar Airways has clashed with European planemaker Airbus (AIR.PA) over the painting of an A350 jetliner in a heated dispute that threatens to delay a resumption of European deliveries to the Gulf carrier, industry sources said.

Cyberpunk maker reports slump in quarterly profit amid Playstation delisting

CD Projekt SA reported on Monday that its profit fell by more than half in the first quarter from a year earlier as its flagship game, "Cyberpunk 2077," was kept off Sony's PlayStation Store, which a company official said will continue to impact results.

Russia begins production of high-end sedan promoted by Putin

Russia on Monday has begun production of the Aurus Senat luxury sedan car promoted by President Vladimir Putin.

Norway's wealth fund unlikely to reproduce same high returns, says CEO

Norway's $1.3 trillion sovereign wealth fund is unlikely to offer the same high returns in coming decades as it has over the past 25 years, its chief executive Nicolai Tangen said.

EXCLUSIVE G7 to back minimum global corporate tax and support economy - draft

Finance ministers from the group of seven rich nations (G7) will vow this week to support their economies as they emerge from the pandemic and reach an "ambitious" deal on a minimum global corporate tax in July, a draft communique showed.

World stocks set for 4th month of gains, yuan slips

World equities were firmly on track to post a fourth straight month of gains on Monday, while the dollar struggled broadly ahead of European and U.S. data this week that will provide a clearer picture on the global economy's recovery path.

EXCLUSIVE Eni, BP in talks over oil and gas assets in Algeria

BP (BP.L) and Eni (ENI.MI) are in talks over the future of their oil and gas assets in Algeria as the two groups increase efforts to refocus their businesses to tackle falling margins, rising debt and climate pressures, three sources said.

Mediaset presses ProSieben to 'engage' on strategy ahead of AGM

Mediaset (MS.MI) said it would not seek confrontation at ProSiebenSat.1's (PSMGn.DE) annual general meeting on Tuesday but the German broadcaster's largest shareholder pressed home its call to collaborate on strategy.

World stocks set for 4th month of gains in data-heavy week

World equities were firmly on track to post a fourth straight month of gains on Monday, while the dollar struggled broadly ahead of a slew of European and U.S. data this week that will provide a clearer picture on the global economy's recovery path.

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