Reuters

PARIS (Reuters) - Debt-laden Atos said on Monday it aimed to decide by Wednesday between two rivalling debt restructuring plans that were consistent with its conditions - one from a consortium around Czech billionaire Daniel Kretinsky, the other from its anchor investor David Layani.

Atos' board of directors has authorised management to work with the firm's creditors to make sure one of the bids wins the necessary backing "by June 5, with... (continue reading...)

By Tim Hepher and Lisa Barrington

DUBAI (Reuters) - Global airlines on Monday raised their profit forecast for 2024 and projected industry-wide revenues just shy of $1 trillion as a record number of travellers board flights.

The International Air Transport Association (IATA) said it expected the worldwide industry to generate $30.5 billion of profit this year, higher than an upwardly revised $27.4 billion in 2023 as carriers keep a lid on... (continue reading...)

By Yoruk Bahceli and Stefano Rebaudo

(Reuters) - The European Central Bank (ECB) looks set to cut rates for the first time since 2019 on Thursday, but what happens thereafter is a bigger puzzle.

Inflation has neared the bank's 2% target, but it rose more than expected in May and it remains sticky in the dominant services sector. The bloc's economy is recovering faster than expected and the jobs market remains tight, casting uncertainty... (continue reading...)

By Yoruk Bahceli and Stefano Rebaudo

(Reuters) - The European Central Bank (ECB) looks set to cut rates for the first time since 2019 on Thursday, but what happens thereafter is a bigger puzzle.

Inflation has neared the bank's 2% target, but it rose more than expected in May and it remains sticky in the dominant services sector. The bloc's economy is recovering faster than expected and the jobs market remains tight, casting uncertainty... (continue reading...)

By Yoruk Bahceli and Stefano Rebaudo

(Reuters) - The European Central Bank (ECB) looks set to cut rates for the first time since 2019 on Thursday, but what happens thereafter is a bigger puzzle.

Inflation has neared the bank's 2% target, but it rose more than expected in May and it remains sticky in the dominant services sector. The bloc's economy is recovering faster than expected and the jobs market remains tight, casting uncertainty... (continue reading...)