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UniCredit CEO says buyback shows capital focus is valid

UniCredit (CRDI.MI) Chief Executive Andrea Orcel said focusing on capital generation was the right strategy for the Italian bank as its shareholders on Wednesday approved a 1 billion euro ($1

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Air France to pay bonus, hike wages amid inflation

Air France (AIRF.PA) on Wednesday announced it would raise salaries for all staff categories by a total of 5% in anticipation of wage talks due next year, and make a

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Philip Morris appoints two former U.S. FDA officials to key roles

Philip Morris International Inc (PM.N) said on Wednesday it had appointed two former U.S. Food and Drug Administration (FDA) officials to key positions at a time when tobacco companies have

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Renault open to discuss measures to help workers cope with inflation

French carmaker Renault (RENA.PA) will start negotiations with unions on Sept. 22 to discuss emergency measures aimed at improving the purchasing power of its workers, according to labour unions. The

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U.S. mortgage interest rates top 6% for first time since 2008

The average interest rate on the most popular U.S. home loan rose above 6% for the first time since 2008 and is now more than double the level it was

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Kuehne raises Lufthansa stake to 17.5% as Germany sells remaining shares

Logistics entrepreneur Klaus-Michael Kuehne has increased his stake in Lufthansa (LHAG.DE) to 17.5%, Kuehne Holding said on Wednesday, after the German government sold all its remaining shares in the airline.

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